Global Beverage Cans Market - 2023-2030
The Global Beverage Cans Market reached US$ 35 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 53 billion by 2030. The market is expected to exhibit a CAGR of 5.2% during the forecast period 2023-2030.
Beverage cans are versatile packaging solutions with features like can printing and decoration and enhancing branding. Easy-open ends (EOEs) add convenience for consumers. These elements collectively contribute to the market's appeal and functionality of beverage cans. The beverage cans market has grown strongly due to increasing consumer demand for convenience and portability.
The market has expanded significantly, driven by the popularity of canned beverages across various segments. Factors such as advancements in can manufacturing technologies and the rising trend of on-the-go consumption have contributed to the sustained growth of the beverage cans market. The market is expected to continue its upward trajectory in the coming years, fueled by evolving consumer preferences and the need for sustainable packaging solutions.
Market Dynamics
Environmental Consciousness and Sustainable Packaging Propel Growth of Beverage Cans Market
The Beverage Cans Market analysis shows that environmental consciousness and sustainability have emerged as significant drivers of the beverage cans market. Aluminum beverage cans, known for their recyclability and high recycling rate, align with the growing consumer demand for eco-friendly packaging options. Beverage can manufacturing processes, including can forming and shaping and can coating and lining, focus on sustainable practices and materials.
These efforts aim to minimize environmental impact while ensuring product integrity. The emphasis on aluminum cans' lightweight properties further reduces transportation emissions and energy consumption. As the beverage industry prioritizes sustainability, the environmentally friendly aluminum beverage cans market continues to grow. As a result, the beverage cans market share is also increased.
Volatility in Raw Material Prices and Diverse Beverage Can Sizes Pose Restraints for the Beverage Cans Market
Another restraint in the Beverage Cans Market is the volatility in raw material costs, particularly aluminum. According to the beverage cans market analysis, the price of aluminum experienced significant fluctuations in recent years, with an average annual price increase of around 15% between 2016 and 2020. These fluctuations can directly impact the manufacturing costs of beverage cans, affecting profit margins for manufacturers. As a result, the Beverage Cans’ Market share is impacted.
Additionally, the demand for different beverage can size dimensions further adds complexity to the can filling and packaging processes, with varying production requirements and costs. To mitigate these challenges, industry players implement cost-saving measures and optimize supply chain strategies to adapt to the volatility in raw material costs and meet diverse market demands.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The Global Beverage Cans Market is segmented based on structure, metal, can size, application, and region.
330ml Can Emerge as the Preferred Choice in Beverage Cans Market, Driven by Versatility and Portability
The Beverage Cans Market is segmented by can size, including popular options such as 250ml, 330ml, 500ml, and 550ml, along with other sizes. The 330ml can have emerged as the most preferred choice due to its versatility and widespread acceptance. It caters to various beverages, balances portability and volume, and is compatible with vending machines and retail displays.
Additionally, the beverage cans market trend indicates a growing demand for smaller sizes, such as 250ml, driven by the increasing popularity of healthier and functional beverages. This trend reflects consumer preferences for portion control and convenience.
Geographical Analysis
Asia Pacific Emerges as a Powerhouse in the Beverage Cans Market with Rapid Growth and High Consumer Demand
The Global Beverage Cans Market is segmented by region into North America, South America, Europe, Asia-Pacific, and Middle-East & Africa.
The Asia Pacific Beverage Cans Market is experiencing significant growth, driven by several factors. According to the beverage cans market analysis, the region holds a substantial Global Beverage Cans Market share. The rising population, urbanization, and changing lifestyles have contributed to the increased consumption of packaged beverages in the Asia Pacific region. These all are propelling Beverage Cans’ Market share. Furthermore, the convenience and portability offered by beverage cans have resonated with consumers in this market.
Studies indicate that approximately 70% of individuals in the Asia Pacific region regularly consume beverages from cans. The demand for beverage cans is particularly prominent in countries such as China, India, and Japan, which have witnessed rapid economic development and an expanding middle-class population. With a buoyant market trend and a significant consumer base, the Asia Pacific beverage cans market presents lucrative opportunities for manufacturers and suppliers in the region.
Competitive Landscape
The major global players include Ardagh Group S.A, Ball Corporation, Can-Pack S.A., Crown Holdings, Inc., Amcor Plc, Toyo Seikan Group Holdings, Ltd., Showa Denko K.K, Nampak Bevcan Ltd, Silgan Holdings Inc., and CPMC Holdings Ltd.
Why Purchase the Report?
• To visualize the Global Beverage Cans Market segmentation based on Structure, Metal, Can Size, application, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous beverage cans market-level data points with all segments.
• The PDF report includes a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The Global Beverage Cans Market Report Would Provide Approximately 69 Tables, 67 Figures And 195 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Structure
- 3.2. Snippet by Metal
- 3.3. Snippet by Can Size
- 3.4. Snippet by Application
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Post COVID-19 and Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Structure
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Structure
- 7.1.2. Market Attractiveness Index, By Structure
- 7.2. 2-Piece*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. 3-Piece
- 8. By Metal
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Metal
- 8.1.2. Market Attractiveness Index, By Metal
- 8.2. Aluminum*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Steel
- 9. By Can Size
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Can Size
- 9.1.2. Market Attractiveness Index, By Can Size
- 9.2. 250ml*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. 330ml
- 9.4. 500ml
- 9.5. 550ml
- 9.6. Others
- 10. By Application
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.1.2. Market Attractiveness Index, By Application
- 10.2. Alcoholic Beverages*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Carbonated Soft Drinks
- 10.4. Fruit & Vegetable Juices
- 10.5. Sports & Energy Drinks
- 10.6. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America*
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Structure
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Metal
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Can Size
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. The U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Structure
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Metal
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Can Size
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. The U.K
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Structure
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Metal
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Can Size
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Structure
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Metal
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Can Size
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Structure
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Metal
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Can Size
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Ardagh Group S.A
- 13.1.1. Company Overview
- 13.1.2. Grade Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. Ball Corporation
- 13.3. Can-Pack S.A.
- 13.4. Crown Holdings, Inc.
- 13.5. Amcor Plc
- 13.6. Toyo Seikan Group Holdings, Ltd.
- 13.7. Showa Denko K.K
- 13.8. Nampak Bevcan Ltd
- 13.9. Silgan Holdings Inc.
- 13.10. CPMC Holdings Ltd.
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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