Tubes and Cans Market is projected to reach US$ 117.6 billion by 2031

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Market snapshot
The Tubes and Cans Market reached US$ 75.5 billion in 2023 and is projected to reach US$ 117.6 billion by 2031, expanding at a CAGR of 5.7% during 2024–2031.

Tubes and cans (covering metal cans, plastic and laminated tubes, paperboard cans and specialty containers) remain core packaging formats across food & beverage, cosmetics, personal care, and pharmaceuticals thanks to their convenience, shelf stability, and strong supply-chain integration. Demand is shaped by urbanization, organized retail penetration, and consumer preference for convenient, shelf-stable formats.

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Market Drivers:

• Rising demand from food & beverages — Metal cans and tubes are widely used for canned foods, beverages (including the continuing growth of canned alcoholic beverages), and processed foods, driving volume demand.
• Convenience & retail expansion — Growth of convenience stores, supermarkets and e-commerce accelerates demand for ready-to-consume, portable packaging.
• Sustainability & recyclable materials push — Innovation in recyclable aluminum cans, recyclable plastics and paperboard tubes, together with regulatory pressure, is reshaping material choices and product design.
• Regulatory & supply-chain factors — Policy changes affecting raw-material tariffs, and disruptions (e.g., geopolitical events) influence costs and production strategies for tube and can manufacturers.

Regional Share:

• Asia-Pacific — Largest & Fastest-growing: Asia-Pacific accounts for the largest share (35%+), supported by rapid convenience-food adoption, growing retail networks, and regional manufacturing scale.
• North America: Holds over a quarter of the market with strong demand for laminates, extrusion tubes and metal cans, plus a trend toward premiumization in personal care and beverages.
• Europe, Latin America, Middle East & Africa: Each region shows mixed dynamics driven by local consumption patterns, regulatory regimes around plastics, and investment in recyclable metal packaging.

Market Segmentation:

By Type: Tubes, Cans.
By Material: Aluminum, Plastic, Paperboard, Steel, Others.
By End-User: Cosmetics, Home & Personal Care, Food & Beverage, Pharmaceuticals, Others.
By Region: North America, Europe, Asia-Pacific, South America, Middle East & Africa.

 

Key Players:

Major global players and converters include Amcor Plc, Albea Group, Essel-Propack, TUBEX GmbH, CCL Container, DS Containers, Shining Aluminum Packaging, Ardagh Group, Bharat Containers, and Linhardt — firms with wide product portfolios across metals, plastics and laminates.

 

Industry Developments & Recent Moves:

• M&A and capacity shifts: The sector continues to see consolidation and strategic asset moves — examples from recent years include acquisitions and capacity investments to boost regional footprint and sustainability credentials.
• Product innovations: Launches of smaller-format alcoholic beverage cans, recyclable tube materials, and tamper-evident closures have been notable responses to consumer and regulatory trends.
• Supply-shock responses: Recent geopolitical events and raw-material price swings have prompted manufacturers to diversify sourcing and invest in local supply chains.

Opportunities & Challenges

Opportunities

  • Expansion in ready-to-eat and convenience food channels across emerging markets.
  • Product premiumization in personal care and alcoholic beverages (smaller format, decorated cans).
  • Circular-economy initiatives for recyclable metals and mono-material tubes.

Challenges

  • Environmental scrutiny of plastics and evolving regulations that require reformulation or investment in recycling.
  • Price volatility for aluminum and steel driven by global events and energy costs.

 

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