The global Beverage Cans Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.6% during the review period (2022 to 2027)
Beverage Cans Market Overview
Beverage cans are metal containers designed to hold fixed amounts of liquid beverages such as alcoholic drinks, carbonated beverages, tea, fruit juices, energy drinks, and many others. The cans are either manufactured using aluminum or steel and are very recyclable. The cans are witnessing growing demand from beverage manufacturers owing to their sustainability and recyclability without degradation in the quality. Changing lifestyle choices and rise in disposable income are other factors driving the demand. Also, increasing acceptance of alcoholic beverages in the conservative and orthodox countries will further boost the growth of this market. Exponential population growth, growing spending capacity, and evolving lifestyle have resulted in shifting consumer behavior. Due to hectic schedules and long working hours, consumers are opting for ready-to-drink beverages. Drinks such as tea, coffee, wine, and water in cans are witnessing high demand from consumers due to their small portion and portable nature. Also, the incorporation of attractive and interactive printings on metal cans is gaining momentum for brand enhancement. The request for cans is directly associated with the sale of packaged products at the retail front. With the rising awareness of consumers regarding health benefits, beverage cans used for carbonated drinks such as alcohol and soft drinks are experiencing sluggish sales. Moreover, the slow growth in demand for other beverage products has hampered the growth of beverage packaging in the last five years.
In October 2020, Ball Corporation announced a partnership with Kroenke Sports & Entertainment to advance sustainability in Sports and Entertainment through aluminum beverage packaging
In January 2021, Crown Holdings Inc. announced to build a new beverage can in Kentucky. The new facility supports the increased demand for beverage cans in North America for the drinks such as sparkling water, energy drinks, craft beer, cocktails, among others.
What are the major Applications, Types and Regions for Beverage Cans Market?
By Type, it is segmented into
By Applications it is segmented into
Carbonated Soft Drinks
Fruit & Vegetable Juices
Beverage Cans Market Regional Analysis
North America dominated the global market with a revenue share of more than 40% in 2020 on account of high product consumption in the U.S. and Mexico. High product adoption by consumers and improved per capita consumption of carbonated beverages & awareness regarding sustainability in the region are expected to emerge as the major factors driving the market.In addition, the regulations on plastic packaging in countries, such as the U.S. and Canada, are likely to hamper the growing of plastic packaging in the region. Beverages manufacturers, such as PepsiCo, are focusing on reducing their plastic consumption by half by 2030, thus benefiting the growth of the market in the region.
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
The Beverage Cans Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Beverage Cans Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Beverage Cans Market Report Scope?
Forecast Period 2022 to 2027 CAGR
CAGR of 5.6% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Beverage Cans Report
Evaluate Beverage Cans market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Beverage Cans market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
What is the study period of this market?
The Beverage Cans Market is studied from 2017 - 2027.
What is the growth rate of Beverage Cans Market?
The Beverage Cans Market is growing at a CAGR of 5.6% over the next 5 years.
What regions does this Beverage Cans Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.