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APAC’s iron/steel cans market to reach $33.5B by 2035.
Growth driven by food, industrial, and healthcare sectors.
India and China to lead with rising packaged goods demand.
The Asia-Pacific iron and steel cans market is poised for remarkable growth, projected to reach 117 billion units and a market value of $33.5 billion by 2035, according to a fresh market research report.
This growth is attributed to rising demand from the food & beverage, paints & chemicals, and healthcare sectors. The region's expanding urban population, increasing packaged food consumption, and booming industrialization are key drivers accelerating this trend.
Countries like India, China, Japan, and Indonesia are expected to lead demand, with India witnessing double-digit growth due to its fast-growing FMCG and processed food industries. Additionally, the market benefits from steel’s recyclability and eco-friendly appeal, aligning with increasing sustainability norms across APAC economies.
Analysts predict that advancements in can manufacturing technologies, lightweight materials, and corrosion-resistant coatings will further enhance product demand in the next decade. However, factors such as raw material price fluctuations and competition from alternative packaging solutions could pose challenges.
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