Beverage Cans Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Beverage Cans Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Beverage Cans Market

The beverage cans market size was valued at USD 25.31 billion in 2019, and the market is now projected to grow from USD 25.31 billion in 2019 to USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period of 2019-2027.

COVID-19 has a good sized impact on the overall performance of the beverage cans market growth. The restriction on bauxite mining, transportation of uncooked substances, and recycling activities of aluminium disrupted the supply chain. Beverage manufacturers confronted a scarcity in the supply of cans. However, the coronavirus outbreak turned into a blessing in hide for the beverage can manufacturers. Consumers decide to shop for multiple packs of liquids for at-home intake due to the lockdown, which, in flip, fueled beverage calls during the pandemic. The surprising increase in demand for liquids has propelled the business of the worldwide marketplace.

Factors consisting of urbanisation, sports, and a developing populace are chargeable for the high call for a rising beverage cans market share. The rise in disposable profits in developing countries has brought about accelerated consumer spending on drinks. Brand choice has performed a critical position in surging the call for drinks in growing countries, therefore driving the market. For instance, manufacturers such as Coca-Cola and Pepsi have a big effect on the purchasers living in rising countries. Besides, clients pick out drinks with sustainable and recyclable packaging, as a consequence boosting the call for steel cans.

Additionally, exponential population growth, increasing spending ability, and evolving lifestyle have resulted in moving client conduct. Due to anxious schedules and long operating hours, consumers are choosing prepared-to-drink beverages. Drinks, which include tea, coffee, wine, and water in cans, are witnessing excessive demand from clients due to their small element and transportable nature.

Comprehensive Analysis of the Beverage Can Market

The market is segmented by way of the process into sulfate and chloride, with the sulfate segment dominating due to its easier, fee-efficient manufacturing of titanium dioxide (TiO2). The growing call from the automobile and production industries, especially for paints and coatings, has pushed TiO2 consumption. Technological improvements, which include fee-powerful production strategies and the use of low-grade, eco-friendly raw materials, are in addition boosting growth. By software, the marketplace is divided into paints.

The beverage cans market length in North America stood at USD 8.97 billion in 2019. North America holds the biggest percentage in the marketplace. The dominance is attributed to the growing consumption of processed and packaged beverages in the vicinity. Increasing fitness awareness in North America has brought about a growing consumption of healthy and nutritious liquids, thereby increasing the cans' call.

The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include Ball Corporation (U.S.), Orora Packaging Australia Pty Ltd (Australia), Crown Holdings, Inc. (U.S.), Ardagh Group S.A. (Ireland), CANPACK S.A. (Poland), GZ Industries Ltd. (Nigeria), CPMC Holdings Ltd. (China), MSCANCO (Saudi Arabia), Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan), Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka), Universal Can Corporation (U.S.); these market players provide a level-playing competitive landscape.

In July 2021, Ball Corporation planned to construct new aluminium beverage packaging flowers inside the UK and Russia. Each facility might start generating billions of cans yearly in 2023. This expansion will permit the agency to successfully serve its quit users involved in the manufacturing of wines, difficult seltzers, pure and more advantageous water brands, and geared up-to-drink cocktails inside the UK and beer and strength liquids in Russia.

Segmentation Table

Global Beverage cans Market Scope

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Growth Rate CAGR of 4.7% from 2024-2032

Historical Period 2016-2018

Unit Value (USD Billion)

Segmentation By Product; Application, and Region

By product

Aluminum

Steel

By application

Carbonated Soft Drinks

Alcoholic Beverages

Fruit and Vegetable Juices

Others

By Region

North America (By Product, By Application and By Country)

The U.S.

Canada

Mexico

Europe (By Product, By Application and By Country)

Germany

UK

France

Italy

Rest of Europe

Asia Pacific (By Product, By Application and By Country)

China

India

Japan

South Korea

Rest of Asia Pacific

South America (By Product, By Application and By Country)

Brazil

Rest of South America

Middle East & Africa (By Product, By Application and By Country)

South Africa

Rest of Rest of WorldPlease Note: It will take 5-6 business days to complete the report upon order confirmation.