LA Metal Cans Market Size (2024 - 2029)

The Latin American metal cans market is experiencing growth driven by increased demand in the food and beverage sector, particularly for packaged products, which has been amplified by changing consumer habits during the COVID-19 pandemic. Metal cans, favored for their ease of use and environmental benefits, are seeing a rise in popularity, especially mini-cans, due to consumer preferences for smaller, cost-effective packaging. The market's expansion is further supported by the high recyclability of metal cans and economic factors in various regions. Additionally, the growing middle-income population and evolving lifestyle trends are contributing to the steady rise in consumption rates across Latin America.

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Market Size of LA Metal Cans Industry

Latin America Metal Cans Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.13 %
Market Concentration Medium

Major Players

Latin America Metal Cans Market Key Players

*Disclaimer: Major Players sorted in no particular order

Latin America Metal Cans Market Analysis

The Latin American metal cans market is projected to be registering a CAGR of 2.13% during the forecast period 2021-2026. The food and beverage industry, with a major share in the metal, can packaging market, is witnessing huge demand amid the COVID-19 pandemic, as the industry falls under the essential commodity. The lockdown enforced across the region due to the COVID-19 pandemic has bought a significant change in human consumption habits. There has been an increasing demand for packaged food products, meat, vegetables, and fruits, among others.

  • Of all the different kinds of metal packages, such as cans, drums, bottles, caps, and closures, can have been the most popular. Ease of use and availability aided in the adoption of metal cans in several packaging applications over the last century. Additionally, consumer trends, such as a preference for small-size and multi-pack packaging formats, are supporting the volume growth of the metal cans market in the studied market.
  • Increasing demand for mini-cans has been observed, especially in the Latin American markets, such as Brazil and Mexico. Therefore, most beverage companies in the region are offering mini-cans, which generally contain smaller volumes of products and cost less than the traditional canned products.
  • This trend is resulting in more substantial unit consumption. Furthermore, with the increasing environmental concerns, consumers are demanding metal cans, owing to their low environmental impact. The high recyclability of metal cans is one of the significant drivers for the market studied in some regions, while in other regions, economic conditions and low price of canned goods remain, key drivers for the market studied.
  • Beverage Can Vendors like Crown holding planned to expand their can facility in Brazil amid the increased demand in 2021. The company has aims to produce two-piece aluminum cans at an annual capacity of 2.4 billion with all types of sizes by the end of the second quarter of 2022.
  • Also, with the growing middle-income group population, changing lifestyle, and evolving consumer preferences, the consumption rates among the Latin American countries are also rising steadily. According to the World Bank, the gross national income per capita in the Latin American region accounts for USD 8775.3.

Latin America Metal Cans Industry Segmentation

The metal can is a container for the distribution or storage of goods. It is composed of thin metal, which is prominently propelled by its growing use in food and beverage packaging. Due to changing lifestyles, growing alcoholic and non-alcoholic beverages requirements, rising disposable income, and rising need for processed foods are marking the growth of this market.

Material Type
Aluminum
Steel
End-User Industry
Food
Beverage
Other End-user Industries
Country
Brazil
Argentina
Mexico
Other Countries
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LA Metal Cans Market Size Summary

The Latin America metal cans market is experiencing steady growth, driven primarily by the food and beverage industry, which has seen increased demand for packaged products during the COVID-19 pandemic. This shift in consumer behavior has led to a rise in the popularity of metal cans, particularly in Brazil and Mexico, where mini-cans are gaining traction due to their smaller size and lower cost. The market is characterized by a preference for aluminum cans, which are favored for their recyclability, lightweight nature, and ability to preserve the quality of beverages. The growing environmental concerns and the push for sustainable packaging solutions are further propelling the demand for aluminum cans, as they offer significant advantages over other materials.

The market landscape is moderately fragmented, with key players like Ball Corporation, Ardagh Group, and Crown Holdings Inc. actively expanding their production capacities and investing in facility upgrades to meet the rising demand. The increasing consumption of canned beverages, driven by lifestyle changes and the popularity of convenience foods, is contributing to the market's expansion. Additionally, strategic partnerships and acquisitions, such as Ball Corporation's acquisition of Tubex Industria E Comercio de Embalagens Ltda, are enhancing the competitive dynamics of the market. The focus on creating a circular economy, as evidenced by initiatives like the establishment of circular economy labs, underscores the industry's commitment to sustainability and innovation.

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LA Metal Cans Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Impact of COVID-19 on the Market

    5. 1.5 Market Drivers

      1. 1.5.1 High Recyclability Rates of Metal Packaging

      2. 1.5.2 Convenience and Lower Price Offered by Canned Food

    6. 1.6 Market Restraints

      1. 1.6.1 Presence of Alternate Packaging Solutions

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material Type

      1. 2.1.1 Aluminum

      2. 2.1.2 Steel

    2. 2.2 End-User Industry

      1. 2.2.1 Food

      2. 2.2.2 Beverage

      3. 2.2.3 Other End-user Industries

    3. 2.3 Country

      1. 2.3.1 Brazil

      2. 2.3.2 Argentina

      3. 2.3.3 Mexico

      4. 2.3.4 Other Countries

LA Metal Cans Market Size FAQs

The LA Metal Cans Market is projected to register a CAGR of 2.13% during the forecast period (2024-2029)

Ball corporation , Ardagh Group​, Mauser Packaging Solutions​, Crown Holdings Inc.​ and CCL Container, Mexico are the major companies operating in the LA Metal Cans Market.

Latin America Metal Can Market Report Snapshots

Latin America Metal Cans Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)