Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Material (Aluminum , Steel), By Type (2-Piece , 3-Piece), By Degree of Internal Pressure (Pressurized Cans , Vacuum Cans) And Competitive Landscape
Product Code: ETC4604711 | Publication Date: Jul 2023 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Africa Food & Beverage Metal Cans Market |
Forecast period | 2024-2030 |
CAGR | 8.9% |
Growing Sector | Food and Beverage |
The Africa Food & Beverage Metal Cans market report thoroughly covers the market by material, by type, by degree of internal pressure and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Food and Beverage Metal Cans Market is valued at approximately $920 million in 2024 and is projected to grow at a CAGR of 8.9% from 2024 to 2030. The market growth is driven by the rising demand for convenient, sustainable, and recyclable packaging solutions in the food and beverage industry, coupled with increasing urbanization and consumer preference for canned products. By 2030, the market size is expected to reach around $1.27 billion, supported by advancements in can manufacturing technologies and growing awareness of eco-friendly packaging across Africa.Â
The Africa Food & Beverage Metal Cans Market is experiencing growth due to increasing consumer demand for convenient, durable, and sustainable packaging solutions. This market benefits from the rising popularity of canned beverages and ready-to-eat food products, driven by urbanization and changing lifestyles across the continent. Additionally, the metal cans' recyclability aligns with growing environmental concerns, making them an attractive choice for manufacturers. The market is further supported by improvements in manufacturing technology and a shift towards more innovative and functional can designs. However, challenges such as fluctuating metal prices and regional disparities in infrastructure can impact market dynamics. Overall, the sector is poised for steady expansion, driven by evolving consumer preferences and a focus on sustainability.
According to 6Wresearch, Africa Food & Beverage Metal Cans market size is projected to grow at a CAGR of 8.9% during 2024-2030. The growth of the Africa Food & Beverage Metal Cans Market is primarily driven by increasing consumer preference for convenient and portable food and beverage options, which aligns with busy urban lifestyles. The shift towards sustainable packaging solutions has also fueled demand, as metal cans offer superior recyclability compared to other packaging materials. Additionally, the expansion of the food and beverage industry, coupled with improved manufacturing technologies and innovative can designs, supports market growth. Urbanization and rising disposable incomes across the continent further contribute to the increased consumption of canned products. Enhanced distribution networks and growing retail penetration also play a crucial role in driving market expansion.
Government initiatives in Africa are supporting the growth of the Food & Beverage Metal Cans Market through policies aimed at promoting sustainable packaging practices and improving recycling infrastructure. Many countries are implementing regulations and incentives to reduce plastic waste and encourage the use of recyclable materials, including metal cans. Additionally, investments in industrial development and support for local manufacturing are helping to enhance production capabilities and reduce reliance on imported packaging. These measures align with broader environmental goals and contribute to a more robust and sustainable packaging industry across the continent.
Key companies in the Africa Food & Beverage Metal Cans Market include major players such as Crown Holdings, Ball Corporation, and Ardagh Group, which are prominent for their extensive production capabilities and innovative can designs. Local manufacturers like Nampak and Can Manufacturing Ltd also play significant roles, catering to regional demands with customized solutions. These companies are recognized for their commitment to sustainability and technology advancements in metal can production. Their combined efforts drive market growth by offering a diverse range of packaging options and contributing to the overall development of the metal can industry in Africa.
The future of the Africa Food & Beverage Metal Cans Market looks promising, with expected growth driven by ongoing urbanization, rising disposable incomes, and increasing consumer preference for eco-friendly packaging. Advances in can technology, including innovations in lightweight and easy-to-recycle designs, are likely to enhance market appeal. Additionally, expanding distribution networks and improved retail access will support higher market penetration. Government regulations favoring sustainable practices and investments in local manufacturing will further bolster market expansion. As consumers become more environmentally conscious and demand convenience, the metal cans market is set for sustained growth and increased market share.
According to Ravi Bhandari, Research Head, 6Wresearch, in the Africa Food & Beverage Metal Cans Market, the primary materials used for can production are aluminum and steel, each offering distinct advantages. Aluminum cans are favored for their lightweight nature, excellent corrosion resistance, and recyclability, making them a popular choice for beverages. Steel cans, often used for food products, provide durability and strength, with a protective coating to prevent rust and maintain food quality. Additionally, some cans may use a combination of metals or coatings to enhance performance and sustainability. These materials are selected based on their suitability for preserving product freshness, reducing environmental impact, and meeting consumer preferences.
Key countries driving the Africa Food & Beverage Metal Cans Market include South Africa, Nigeria, and Kenya. South Africa, as one of the continent's largest and most developed markets, leads in production and consumption of metal cans due to its advanced manufacturing infrastructure and high demand for packaged goods. Nigeria, with its rapidly growing population and expanding urban areas, represents a significant market opportunity, fueled by increasing consumer demand for convenience and sustainability. Kenya, as an emerging market, is witnessing a rise in metal can usage driven by urbanization and a burgeoning middle class seeking modern packaging solutions. These countries are pivotal in shaping the market dynamics and driving regional growth.
The Africa Food & Beverage Metal Cans market report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Food & Beverage Metal Cans Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Food & Beverage Metal Cans Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Food & Beverage Metal Cans Market - Industry Life Cycle |
3.4 Africa Food & Beverage Metal Cans Market - Porter's Five Forces |
3.5 Africa Food & Beverage Metal Cans Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Food & Beverage Metal Cans Market Revenues & Volume Share, By Material, 2020 & 2030F |
3.7 Africa Food & Beverage Metal Cans Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.8 Africa Food & Beverage Metal Cans Market Revenues & Volume Share, By Degree of Internal Pressure, 2020 & 2030F |
4 Africa Food & Beverage Metal Cans Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Food & Beverage Metal Cans Market Trends |
6 Africa Food & Beverage Metal Cans Market, 2020 - 2030 |
6.1 Africa Food & Beverage Metal Cans Market, Revenues & Volume, By Material, 2020 - 2030 |
6.2 Africa Food & Beverage Metal Cans Market, Revenues & Volume, By Type, 2020 - 2030 |
6.3 Africa Food & Beverage Metal Cans Market, Revenues & Volume, By Degree of Internal Pressure, 2020 - 2030 |
7 South Africa Food & Beverage Metal Cans Market, 2020 - 2030 |
7.1 South Africa Food & Beverage Metal Cans Market, Revenues & Volume, By Material, 2020 - 2030 |
7.2 South Africa Food & Beverage Metal Cans Market, Revenues & Volume, By Type, 2020 - 2030 |
7.3 South Africa Food & Beverage Metal Cans Market, Revenues & Volume, By Degree of Internal Pressure, 2020 - 2030 |
8 Nigeria Food & Beverage Metal Cans Market, 2020 - 2030 |
8.1 Nigeria Food & Beverage Metal Cans Market, Revenues & Volume, By Material, 2020 - 2030 |
8.2 Nigeria Food & Beverage Metal Cans Market, Revenues & Volume, By Type, 2020 - 2030 |
8.3 Nigeria Food & Beverage Metal Cans Market, Revenues & Volume, By Degree of Internal Pressure, 2020 - 2030 |
9 Kenya Food & Beverage Metal Cans Market, 2020 - 2030 |
9.1 Kenya Food & Beverage Metal Cans Market, Revenues & Volume, By Material, 2020 - 2030 |
9.2 Kenya Food & Beverage Metal Cans Market, Revenues & Volume, By Type, 2020 - 2030 |
9.3 Kenya Food & Beverage Metal Cans Market, Revenues & Volume, By Degree of Internal Pressure, 2020 - 2030 |
10 Rest of Africa Food & Beverage Metal Cans Market, 2020 - 2030 |
10.1 Rest of Africa Food & Beverage Metal Cans Market, Revenues & Volume, By Material, 2020 - 2030 |
10.2 Rest of Africa Food & Beverage Metal Cans Market, Revenues & Volume, By Type, 2020 - 2030 |
10.3 Rest of Africa Food & Beverage Metal Cans Market, Revenues & Volume, By Degree of Internal Pressure, 2020 - 2030 |
11 Africa Food & Beverage Metal Cans Market Key Performance Indicators |
12 Africa Food & Beverage Metal Cans Market - Opportunity Assessment |
12.1 Africa Food & Beverage Metal Cans Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Food & Beverage Metal Cans Market Opportunity Assessment, By Material, 2020 & 2030F |
12.3 Africa Food & Beverage Metal Cans Market Opportunity Assessment, By Type, 2020 & 2030F |
12.4 Africa Food & Beverage Metal Cans Market Opportunity Assessment, By Degree of Internal Pressure, 2020 & 2030F |
13 Africa Food & Beverage Metal Cans Market - Competitive Landscape |
13.1 Africa Food & Beverage Metal Cans Market Revenue Share, By Companies, 2023 |
13.2 Africa Food & Beverage Metal Cans Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |