Global Three Piece Cans Market – Industry Trends and Forecast to 2029

Global Three Piece Cans Market, By Material (Aluminum, Steel, Others), Degree of Internal Pressure (Pressurized Cans, Vacuum Cans), Application (Beverage, Canned Food, Paints, Other) – Industry Trends and Forecast to 2029

Three Piece Cans Market Analysis and Size

Three piece cans are mainly made up of aluminium and steel which can be recycled several times. Usage of these extremely recyclable raw materials to design and manufacture these cans increase the demand for three piece cans in the market during the forecast period. Furthermore, these three piece cans are also used to pack and store a variety of paints in the paint industry. So rising demand of these cans eventually raises the popularity of the three piece cans amongst the consumers and also increases the market growth rate.

Data Bridge Market Research analyses that the three piece cans market was valued at USD 15.48 billion in 2021 and is expected to reach USD 18.86 billion by 2029, registering a CAGR of 2.50 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.      

Three Piece Cans Market Scope and Segmentation

Market Definition

Three piece cans contains a can body with a bottom and top end. The can body is produced by making a flat rectangular blank into a cylinder shape and welding the two edges of this blank by the electrical mechanical pressure. Welding area of cylindrical can bodies will be coated externally and internally lacquer.

Three Piece Cans Market Dynamics

Drivers

• Growing demand of packed food.

Three piece cans are normally used to store and pack several food and beverage products. Three piece cans are greaseproof and waterproof and also have excellent mechanical properties that maintain integrity and quality of the product as well. Furthermore, cans are tightly sealed with lower and upper lids that offers exceptional protection to the food products from external contaminated particles. So, the growing demand for packaged food and rapid penetration of food and beverage industries overall the globe continents are some of the prime factors which accelerate the three piece cans market growth rate

• Rising demand in paint industry

 Three piece cans are also used in the paint industry to store and pack a variety of paints. The ability of three-piece cans to store and carry different type of chemical paints, without mortifying the quality of the paints eventually increase the popularity of the three piece cans among the consumers which are expected to drive the market growth of the three piece cans market.

Opportunities

• Demand of Eco-friendly cans

Three-piece cans have a large number of environmentally friendly strengths. These three piece cans have a higher rate of recycling compared to the other material such as glass. Metal three piece cans such as aluminum are completely recyclable without any loss in their performance. In the process of Recycling of aluminum uses approx. 95% less energy than generating aluminum from raw materials. This aluminum can offers a great incentive for recycling three piece cans. The rising demand of recyclable three-piece cans will create the profitable opportunities for the growth of the market.

Moreover, increase in strategic collaborations and rise in the number of emerging new markets will also act as market drivers and further boost the beneficial opportunities for the market's growth rate.

Restraints/ Challenges

The high cost of raw materials which is used for the manufacturing of three piece cans such as aluminium, restricts the consumers from using these products which will hinder the growth of the market. Also, there is lack of awareness regarding the benefits of metal packaging of beverages. Lack of product awareness will also restrain the growth of the three-piece cans market in the abovementioned forecast period.

This three piece cans market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the three piece cans market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Three Piece Cans Market

The restrictions imposed by the governing authorities on recycling activities, bauxite mining, of aluminium and transportation of raw material has disrupted the supply chain and manufacturing unit of the industry during the covid-19 pandemic. Therefore, a slowdown in the supply of three piece cans by manufacturers of paint industry. However, the demand for beverages products had high peaked during the epidemic. The buying products pattern of consumers changed drastically, and increasing the consumption of food and beverage products during lockdown helped in the recovery of the three-piece cans market.

Global Three piece cans Market Scope

The three piece cans market is segmented on the basis of material, degree of internal pressure and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Aluminum
• Steel
• Others

 Degree of Internal Pressure 

• Pressurized Cans
• Vacuum Cans

 Application

• Beverage
• Canned Food
• Paints
• Other

Three Piece Cans Market Regional Analysis/Insights

The three piece cans market is analysed and market size insights and trends are provided by country, material, degree of internal pressure and application as referenced above.

The countries covered in the three piece cans market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.

Asia-Pacific dominates the three piece cans market in terms of market share. This is due to the increasing demand for three piece cans in this region. The Asia-Pacific region dominates the three piece cans market due to the increasing consumer awareness toward environmental sustainability along with the high investment in technological advancements and R&D in this particular region.

North America is expected to be the fastest developing region due to the consistent expansion of food and beverage industries and growing disposable incomes in this region

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Piece Cans Market Share Analysis

The three piece cans market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to three piece cans market.

Some of the major players operating in the three piece cans market are:

• Crown (U.S.)
• Ardagh Group S.A, (Luxembourg)
• CPMC Holdings Limited (China)
• Toyo Seikan Group Holdings Ltd. (Japan)
• Can-One Berhad (Malaysia)
• CanPack (Poland)
• Ball Corporation (U.S.)
• Envases (Spain)
• Universal Can Corporation (Japan)
• Interpack Group Inc. (China)
• GZI Industries Limited (Nigeria)
• Showa Denko K.K (Japan)
• Swan Industries (Thailand) Limited (Thailand)
• Nampak Ltd (South Africa)
• The Olayan Group (Liechtenstein)
• Techpack Solutions (South Korea)
• Orora Packaging Australia Pty Ltd (Australia)
• MSCANCO (Germany)
• Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka)
• Jiangsu Baosteel Metal Product Co.,LTD. (China)
• Asia Packaging (Vietnam)
• Silgan Holdings Inc., (U.S.)