Beverage Cans Market – Industry Analysis and Forecast (2022-2029)

Beverage Cans Market size is expected to reach nearly US$ 38.69 Bn. by 2029 with the CAGR of 5.6% during the forecast period. Beverage cans are containers, typically made from aluminum alloyed with magnesium & manganese, a special grade of low carbon steel, or plastic. The product is used to store liquid drinks such as carbonated soft drinks, alcoholic beverages, and fruit & vegetable juices. Beverage cans are widely preferred for the packaging of a variety of drinks for at home as well as on-the-go consumption. The beverage cans market has emerged as one of the most competitive markets with most of the major players offering similar products. Beverage Cans Market To know about the Research Methodology :- Request Free Sample Report The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived. The research report thus serves as an analysis and information for all aspects of the market, including, regional markets, technologies, by applications.

Beverage Cans Market Dynamics:

Increasing consumption of carbonated drinks and demand for packaged juices Beverage cans market growth is primarily driven by the increased consumption of carbonated soft drinks as well as for performance enhancement beverages like energy & sports drinks. Moreover, rising inclination of the consumers towards a healthy lifestyle is leading to the increased demand for fruit & vegetable juices, thus, aiding the market growth. Additionally, the rise in consumption of alcoholic beverages, such as beer & cider and the extensive promotional activities organized by the leading beverage manufacturers like Coca-Cola and PepsiCo are propelling the beverage cans market growth. Beverage Cans Market Restraints: Growing environmental and health concerns Growing health concerns associated with the consumption of carbonated as well as alcoholic drinks and high prices of aluminum are the key factors hindering the market growth. Moreover, growing environmental concerns and pressure from environmental lobby groups and Government agencies to reduce the use of plastic is expected to limit the market growth during the forecast period.

Beverage Cans Market Segment Analysis

Aluminum segment generated the highest share of US$ xx Mn in 2021. On the basis of material, the global beverage cans market is segmented into aluminum, steel, and plastic. The Aluminum segment generated the highest market share in 2021 and is anticipated to grow continuously during the forecast period. Globally, over 70% of the beverage cans are made with aluminum owing to its properties like the ease of manufacturing & transport, economical, and lightweight. Steel beverage cans appeared to show below-average growth due to their chances of reacting with a beverage in the can and heavyweight. Based on application, the market is fragmented into carbonated soft drinks, alcoholic beverages, and fruit & vegetable juices. The carbonated soft drinks segment generated the highest revenue owing to a high per capita consumption of carbonated beverages. The fruits & vegetable juices segment is anticipated to show significant growth owing to the inclined mindset of consumers towards healthy drinks.

Beverage Cans Market Regional Insights:

North America is expected to account for the largest market share of xx% during the forecast period. Based on geography, the global beverage cans market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America produced the largest market share in terms of revenue in 2021 and is projected to hold its supremacy over the forecast period 2022-2029. The U.S. market dominated the North American industry and the growth is subjected to the increasing number of carbonated soft drink consumers and growing demand for beer in cans and aerated soft drinks. Asia-Pacific region is set to grow with the highest CAGR of xx% during the forecast period owing to the changing lifestyle of the population leading to increased consumption of beverages. The ease of availability for raw materials like aluminum and steel is further supporting the market growth in the Asia-Pacific region.

Beverage Cans Market Scope: Inquire before buying

Global Beverage Cans Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 25.02 Bn.
Forecast Period 2022 to 2029 CAGR: 5.6% Market Size in 2029: US $ 38.69 Bn.
Segments Covered: by Material • Aluminum • Steel • Plastic
by Application • Carbonated Soft Drinks • Alcoholic Beverages • Fruit & Vegetable Juices
by Structure • Two- Piece • Three-Piece

Beverage Cans market, by Region

• North America • Europe • Asia-Pacific • South America • Middle East & Africa

Beverage Cans market Key Players are:

Ardagh Group • Ball Corporation • Nampak Bevcan Limited • Crown Holdings Inc. • Amcor • Orora Ltd. • Silgan Holdings Inc. • ORG Packaging • Toyo Seikan Group Holdings • Bangkok Can Manufacturer Co. Ltd. • CPMC Holdings Ltd. • Carolina Beverage Group • Kian Joo Can Factory • HUBER Packaging Group GmbH • Can-Pack SA • Showa Denko K.K. Frequently Asked Questions: 1. Which region has the largest share in Global Beverage Cans Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Beverage Cans Market? Ans: The Global Beverage Cans Market is growing at a CAGR of 5.6% during forecasting period 2022-2029. 3. What is scope of the Global Beverage Cans market report? Ans: Global Beverage Cans Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Beverage Cans market? Ans: The important key players in the Global Beverage Cans Market are – Ardagh Group, Ball Corporation, Nampak Bevcan Limited, Crown Holdings Inc., Amcor, Orora Ltd., Silgan Holdings Inc., ORG Packaging, Toyo Seikan Group Holdings, Bangkok Can Manufacturer Co. Ltd., CPMC Holdings Ltd., Carolina Beverage Group, Kian Joo Can Factory, HUBER Packaging Group GmbH, Can-Pack SA, and Showa Denko K.K. 5. What is the study period of this market? Ans: The Global Beverage Cans Market is studied from 2021 to 2029.
1. Global Beverage Cans Market: Research Methodology 2. Global Beverage Cans Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Beverage Cans Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Beverage Cans Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Beverage Cans Market Segmentation 4.1 Global Beverage Cans Market, by Material (2021-2029) • Aluminum • Steel • Plastic 4.2 Global Beverage Cans Market, by Application (2021-2029) • Aluminum • Steel • Plastic 4.3 Global Beverage Cans Market, by Structure (2021-2029) • Two- Piece • Three-Piece 5. North America Beverage Cans Market(2021-2029) 5.1 North America Beverage Cans Market, by Material (2021-2029) • Aluminum • Steel • Plastic 5.2 North America Beverage Cans Market, by Application (2021-2029) • Aluminum • Steel • Plastic 5.3 North America Beverage Cans Market, by Structure (2021-2029) • Two- Piece • Three-Piece 5.4 North America Beverage Cans Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Beverage Cans Market (2021-2029) 6.1. European Beverage Cans Market, by Material (2021-2029) 6.2. European Beverage Cans Market, by Application (2021-2029) 6.3. European Beverage Cans Market, by Structure (2021-2029) 6.4. European Beverage Cans Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Beverage Cans Market (2021-2029) 7.1. Asia Pacific Beverage Cans Market, by Material (2021-2029) 7.2. Asia Pacific Beverage Cans Market, by Application (2021-2029) 7.3. Asia Pacific Beverage Cans Market, by Structure (2021-2029) 7.4. Asia Pacific Beverage Cans Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Beverage Cans Market (2021-2029) 8.1 Middle East and Africa Beverage Cans Market, by Material (2021-2029) 8.2. Middle East and Africa Beverage Cans Market, by Application (2021-2029) 8.3. Middle East and Africa Beverage Cans Market, by Structure (2021-2029) 8.4. Middle East and Africa Beverage Cans Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Beverage Cans Market (2021-2029) 9.1. South America Beverage Cans Market, by Material (2021-2029) 9.2. South America Beverage Cans Market, by Application (2021-2029) 9.3. South America Beverage Cans Market, by Structure (2021-2029) 9.4 South America Beverage Cans Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Ardagh Group 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Ball Corporation 10.3 Nampak Bevcan Limited 10.4 Crown Holdings Inc. 10.5 Amcor 10.6 Orora Ltd. 10.7 Silgan Holdings Inc. 10.8 ORG Packaging 10.9 Toyo Seikan Group Holdings 10.10 Bangkok Can Manufacturer Co. Ltd. 10.11 CPMC Holdings Ltd. 10.12 Carolina Beverage Group 10.13 Kian Joo Can Factory 10.14 HUBER Packaging Group GmbH 10.15 Can-Pack SA 10.16 Showa Denko K.K.

About This Report

Report ID 82879
Category Consumer Goods & Services
Published Date Dec 2022
Updated Date