The beverage cans market offers various fabrication options, including plain, embossed, printed, and other customized designs. Plain cans are the simplest, offering a clean, unadorned look. Embossed cans have raised patterns or logos for a textured feel. Printed cans showcase intricate graphics, branding, and product information, making them eye-catching. The "Other" category includes innovative designs such as shaped cans or special coatings. These fabrication options cater to beverage manufacturers' diverse branding and marketing needs, enhancing shelf appeal and consumer engagement.
According to Data Bridge Market Research, the Global Beverage Cans Market was valued at USD 23.7 billion in 2021 and is expected to reach USD 34.09 billion by 2029, registering a CAGR of 4.65% from 2022 to 2029.
“Product protection boosts the market’s growth”
Product protection is a critical driver in the beverage cans market. Cans are pivotal in safeguarding the contents, preventing contamination, and preserving freshness. They offer an airtight seal, shielding beverages from external factors such as light, oxygen, and humidity, which can degrade quality. This protection extends the product's shelf life and ensures consumers receive a safe, high-quality beverage. As such, product protection is a crucial factor influencing the choice of packaging in the industry.
What restraints the growth of the global beverage cans market?
“High cost of raw materials restraints the market’s growth”
The high cost of raw materials, particularly aluminum, impacts the beverage cans market and has ramifications for restaurants. Rising material costs can lead to increased can production expenses, potentially resulting in higher prices for canned beverages. Restaurants that rely on these packaged beverages may face elevated procurement costs. This, in turn, may necessitate menu price adjustments, affecting the dining experience and choices for both establishments and consumers in the food and beverage industry.
Segmentation: Global Beverage Cans Market
The global beverage cans market is segmented on the basis of parts, material, structure, can coating, volume, can shape, fabrication, and application.
- On the basis of parts, the global beverage cans market is segmented into can body (diameters), can ends (diameters), and tabs.
- On the basis of material, the global beverage cans market is segmented into aluminium, and steel.
- On the basis of structure, the global beverage cans market is segmented into two piece can, and three piece can.
- On the basis of can coating, the global beverage cans market is segmented into epoxy, polyester, vinyl, and others.
- On the basis of volume, the global beverage cans market is segmented into 100mL, 150 mL, 200 mL, 310 mL, 330 mL, 500 mL, 1 L, and others.
- On the basis of can shape, the global beverage cans market is segmented into slim, standard, sleek, and others.
- On the basis of fabrication, the global beverage cans market is segmented into plain, embossed, printed, and others.
- On the basis of application, the global beverage cans market is segmented into alcoholic beverages, carbonated soft drinks (CSD), water, fruit and vegetable juices, ready to drink tea and coffee, sports/ energy drinks, and others.
Regional Insights: North America dominates Global Beverage Cans Market
North America secured a leading position in the beverage cans market during the forecast period, primarily attributed to the region's rising demand for these cans. The dominance is further fueled by a growing preference for sustainable packaging materials and the increasing popularity of metal cans. These factors strengthen North America's stronghold on the beverage cans market, reflecting a robust market share.
The Asia-Pacific region is poised for rapid growth in the beverage cans market, thanks to the abundant availability of essential raw materials such as iron and bauxite ore. This accessibility facilitates the cost-effective production of metal cans, driving regional expansion. As a result, Asia-Pacific is expected to be a key growth engine in the global beverage cans market, capitalizing on its resource advantage.
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Recent Development
- In July 2020, CANPACK, a worldwide aluminum beverage can producer, commenced operations at its newly established facility in Stríbro, Czech Republic, ten months after the initial project announcement. This state-of-the-art plant boasts the capability to manufacture a staggering 1 billion cans yearly and represents an impressive investment of $117.5 million.
The Prominent Key Players Operating in the Global Beverage Cans Market Include:
- 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)
- 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.)
Above are the key players covered in the report, to know about more and exhaustive list of global beverage cans market market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Beverage Cans Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
