Resealable Can Market Size, Share and Industry Analysis By Material (Aluminum, Steel & Tinplate, and Plastic), By Application (Food & Beverage, Paints & Lubricants, Chemicals, Automotive, and Others), and Regional Forecast, 2024-2032

Resealable cans are designed to include resealable lids or closure mechanisms that allow consumers to close and open them multiple times. These cans offer a convenient way to store various products such as food & beverages, chemicals, and paints, among others. These cans are gaining popularity due to their durability and convenience, and their resealable feature allows consumers to reuse and seal them again, ensuring the freshness of the products. Such features of these cans help contribute to the growth of the resealable can market.

• For instance, according to the International Aluminum Organization, the global efficiency of aluminum is 76% and is increasing gradually. The flourishing demand for recyclable packaging products and awareness regarding sustainability will drive the growth of the resealable can market.

Resealable cans offer higher advantages than traditional packagings, such as portion control, on-the-go consumption, extended product life, and enhanced visual appearance. Such features attract both consumers and manufacturers, thus fueling the growth of the resealable can market. The shifting preferences of consumers toward sustainable products and surging innovations in the closure system of these cans to make them appealing are thriving the growth of the resealable can market. The use of resealable cans to differentiate the product from various brands for effective marketing is bolstering the growth of this market.

The production cost of the resealable can is high as it involves additional costs during its processing and manufacturing compared to the traditional cans, increasing the burden on the consumers' pocket and impeding the growth of the resealable can market. The lack of recycling infrastructure and equipment in many emerging nations and the strict regulatory compliances regarding recycling imposed by the government are additional factors hampering the industry expansion.

The sudden outbreak of COVID-19 led to negatively affected economies across the globe. It has negatively impacted the growth of the resealable can market due to the low demand from the consumers and a decrease in the income of the people. The end-use industries of resealable cans, such as paints & lubricants, automotive, and chemicals, have very negative demand, leading to a decline in the growth of this market. However, the surging demand for caned and portioned food boosted the growth of the resealable can market after COVID-19.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Resealable Can Market


• Key Industry Trends


• Regulatory Landscape for the Resealable Can Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

SEGMENTATION

ANALYSIS BY MATERIAL

Based on material, the market is segmented into aluminum, steel & tinplate, and plastic. The aluminum segment holds the largest share in the resealable can market. Aluminum provides a barrier to oxygen and moisture and provides the optimum amount of rigidity for packaging products. The easy printability and the good recyclability of aluminum are enhancing the segment growth.

ANALYSIS BY APPLICATION

Based on application, the market is segmented into food & beverage, paints & lubricants, chemicals, automotive, and others. The food & beverage segment dominates the resealable can market. The consumption of canned food on the go has increased after the pandemic. The rise in the consumption of carbonated and soft drinks propels the segment growth.

REGIONAL ANALYSIS

By region, the resealable can market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominates the resealable can market due to the growing infrastructure in countries such as China and India that is surging the use of paints and lubricants, driving the growth of this region. The North American region is the second largest region of the resealable can market. The rising health concerns and increasing consumption of portioned food are fueling the regional growth.

Europe region is anticipated to grow at a significant rate as it is the largest consumer of carbonated and non-carbonated drinks. Latin American region is expected to grow at a steady rate due to the growing food & beverage industry and the rising consumption of health and soft drinks. The Middle East & Africa region will witness moderate growth owing to the rising infrastructure in countries such as Oman and Saudi Arabia and the growing automotive sector.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Ball Corporation, Allstate Can Corporation, Canovation, Orora, Cycle Water, Metal Packaging Europe, Mauser Packaging Solutions, Crown Holdings, Silgan Containers, and Suzhou Hycan Holdings Co., Ltd.

KEY INDUSTRY DEVELOPMENTS

• In January 2023, Augusta Label, in collaboration with Packaging’s Gen II, introduced tamper and leak-proof resealable lids for canned beverages. The plastic and aluminum design is easy to open and reseal while preserving the product carbonation and freshness of beverages.


• In December 2022, Wallaby, an Australian Canned water company, launched a new aluminum resealable bottle to the market with a wide mouth. The company has invested USD 500,000 in the equipment for specialized capping to cap the bottles.


• In March 2021, Sav-Ty, a Dutch inventor, launched resealable beverage can closures for aluminum cans. The cans are pressure-resistant and can be used to pack still and carbonated drinks.