Global Beverage Cans Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Beverage cans are metal containers which are manufactured to hold a fixed single serving of drinks. These cans are made of tin plated steel or aluminium. These beverage cans are used for several applications, including cosmetic, food, and pharmaceuticals. The rising demand for organic and recycling products has pushed the production in multiple countries, helping to decrease plastic's impact on the environment. In beverage packaging, mainly used aluminium cans due to their sustainable solutions which is experiencing increased demand for aluminium cans.

Data Bridge Market Research analyses that the 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% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Market Definition

A beverage can or a drink cans a metal container which has specially designed to hold a fixed portion of liquid like teas, herbal teas, energy drinks, carbonated soft drinks, alcoholic drinks, fruit juices, etc. Beverages cans are made up of tin-plated steel (25% worldwide production) or aluminium (75% of worldwide production). Aluminium is widely used to manufacture beverage cans because it is sustainable and can be easily recycled without compromising the quality or strength. 

Beverage Cans Market Dynamics

Drivers

• Highly use due to their convenience

Beverage cans are valued for their portability and convenience. Beverage cans are Lightweight and durable, they chill the beverages faster and are an ideal fit for active lifestyles such as camping, hiking, and other outdoor adventures without any risk of accidental breakage. Beverages Cans are also perfect for use in outdoor places, from stadiums to concerts to sporting events where glass bottles are not permitted. These cans are allowing customers to enjoy their favourite beer whenever and wherever they want. Due to their convenience, increase its demand in market which are expected to drive the market growth rate.

• Product protection

Taste and personality are very important for craft brew brands, making the protection of those attributes more essential.  Metal offers a powerful barrier against oxygen and light, they are the two key enemies of craft brews and many other beverages because they can have an adverse effect on freshness and flavour. Beverage cans help to enhance craft beer brands on the shelf life.

• Demand of Eco-friendly cans

Beverage cans have a number of environmentally friendly strengths: These cans have a higher rate of recycling compared to other material such as glass. Metal cans are completely recyclable and can be recycled again and again without any loss in their performance. Recycling aluminum uses approx. 95% less energy than creating aluminum from raw materials. This aluminum can provides a great incentive for recycling beverage cans

Opportunities

The changing work life style of consumers shortly upward the trend of beverages cans in the market across the globe. Growing household income, consumer demand for better safety and quality and increased awareness of maintaining a healthy diet are the major factors which will lead to the rising demand for cans in the global market. The demand for beverage cans is substantial in developed regions and is also rising gradually in other developing countries. The demand for organic and fresh beverage products, especially increasing demand for the non-carbonated beverages will boost the potential growth of beverage cans in the upcoming years. Also, rise in emerging new markets and strategic collaborations will act as market drivers and further enhance beneficial opportunities for the market.

Restraints/ Challenges

The high cost of raw materials which is used for the manufacturing of beverages such as aluminium, restricts the consumers from using these products. Additionally, the lack of awareness about the benefits of metal packaging of beverages will also restrain the demand of the beverages cans in the market. The major challenge faced by manufacturers is replacing metal with polyethylene terephthalate (PET) bottles, especially for packaging of beverage products. Other sustainable packaging materials, like plastic, paper and glass, are more cost-effective which work as an alternative of the metal packaging and are the major market restrains that will hinder the market's growth rate.

This beverage cans market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the beverage cans market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Beverage Cans Market

The restrictions imposed by the governments on bauxite mining, recycling activities of aluminium and transportation of raw material has disrupted the industry's supply chain during the covid-19 pandemic. Therefore, a shortage in the supply of beverages cans by manufacturers. However, the demand for beverages had high peaked during the pandemic. The buying pattern of consumers changed drastically, and increase the consumption of beverages during lockdown helped in the recovery of the growth of beverage cans market.

Recent Development

• In July 2020: CANPACK, a global manufacturer of aluminium beverage cans, began production in Stríbro, Czech Republic at its Greenfield facility, after 10 months of project announcement. With the capacity to produce 1 billion cans annually the plant has an investment of US$ 117.5 Million

Global Beverage Cans Market Scope

The beverage cans market is segmented on the basis of parts, material, structure, can coating, volume, can shape, fabrication and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Parts

• Can Body (Diameters)
• Can Ends (Diameters)
• Tabs

Material

• Aluminium
• Steel

Structure

• Two Piece Can
• Three Piece Can

Can Coating

• Epoxy
• Polyester
• Vinyl
• Others

Volume

• 100mL
• 150 mL
• 200 mL
• 310 mL
• 330 mL
• 500 mL
• 1 L
• Others

Can Shape

• Slim
• Standard
• Sleek
• Others

Fabrication

• Plain
• Embossed
• Printed
• Others

 Application

• Alcoholic beverages
• Carbonated Soft Drinks (CSD)
• Water
• Fruit and Vegetable Juices
• Ready to Drink Tea and Coffee
• Sports/ Energy Drinks
• Others

Beverage Cans Market Regional Analysis/Insights

The beverage cans market is analysed and market size insights and trends are provided by country, parts, material, structure, can coating, volume, Can shape, fabrication and application.as referenced above.

The countries covered in the beverage cans market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the beverage cans market in terms of market share during the forecast period. This is due to the increasing demand for beverage cans in this region. North America dominates the beverage cans market due to the increasing consumption of sustainable packaging material and growing demand for metal cans in this region.

During the projected period, Asia-Pacific is anticipated to be the fastest developing region due to the easy availability of iron and bauxite ore in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Beverage Cans Market Share Analysis

The beverage cans market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to beverage cans market.

Some of the major players operating in the beverage cans market are:

• 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.)

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