Beverage Cans Market

Beverage Cans Market size is forecast to reach USD 33,400 Million by 2028, estimated to grow at a CAGR of 5.6% during 2021-2028.

Introduction of the Global Beverage Cans Market Report

Beverage cans are used to hold a portion of drink or liquid. Beer, soft drinks, juices are sold in cans to consumers for easy consumption of these items. It further helps to preserve the flavour of the drink. In addition, they are scratch & rust proof which avoids the spoilage of drinks.

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Market Dynamic

Key Drivers and Emerging Trends

Some major key drivers boosting the global beverage cans market over the forecast period include increasing awareness of aluminium recycling. This is because aluminium can be recycled both environmentally & economically as recycled aluminium requires only 5% of energy to make primary aluminium. In addition of avoiding non-biodegradable items such as plastic among consumers for beverage cans due to the costly & cumbersome process of recycling plastic will lead to good growth of beverage cans market. Moreover, the consumer’s preference for portable, lightweight cans and their ability to protect beverage from heat, dust, etc., will boost the global beverage cans market. Also, growth in the various industries such as alcohol, energy drink industries will enhance the growth of the beverage cans market.

Furthermore, increasing promotional activities by beverage manufacturers for their new products will increase the demand for the beverage cans market. For instance, Ball has launched an eye-catching print campaign with a smartphone-activated video clip in Germany. A creative blog called “Dosionair” (in German language), and a Facebook page of the same name lend beverage can fans a platform to view original video clips, win prizes and share comments. The campaign presents the beverage can as a stylish packaging choice and lifestyle fit for young consumers.

Restraint in the Global Beverage Cans Market

However, the issue related to aluminium recycling as aluminium must be separated from steel, plastic & other debris which is very time-consuming process can hamper the global beverage cans market.

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Material Type – Segment Analysis

Based on the material type, aluminium beverage cans are expected to grow at the higher CAGR over the forecast period in the global beverage cans market due to its lightweight properties & affordability, making it consumer’s choice. However, steel cans would have a low growth due to their tendency to react with liquids & heavier weight as compared to aluminium cans.

Application – Segment Analysis

Based on the application, alcoholic beverage cans are expected to have higher CAGR over the forecast beverage cans market. This is due to more consumer preference and demand for beer in portable plus light form as compared to glass bottles. The soft drink beverage will also hold considerable growth due to greater consumption & introduction of new flavours of soft drinks day by day like Fanta Lychee, Fanta Grape

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Regional – Segment Analysis:

Based on the region, the North America is expected to hold the significant growth in the global beverage cans market due to an increase in recycling rates of aluminium cans in that region. According to the aluminium association, the used beverage can recycle rate increased from 45.1% in 2017 to 49.8% in 2018. Asia Pacific region is also expected to hold a considerable growth due to the availability of raw materials like aluminium owing to the presence of alumina & bauxite ores in abundance. These ores contribute to the easy extraction and availability of aluminium. Also, consumer’s choice of aluminium cans in that region boosts the global beverage cans market.

Top Market Players

Various notable players operating in the market, include, Ball Corporation, Crown Holdings Inc., Ardagh group, CANPACK S.A, CPMC Holding Ltd., Amcor Limited, Kian Joo Can Factory Berhad, Showa Denko KK, Nampak Bevcan Limited, Toyo Seikan Group and others.

Key Developments: 

• • In October 2020, Ball Corporation and Kroenke Sports & Entertainment (KSE) globally partnered across three marquee venues in Denver, Los Angeles, and London. The partnership aimed for shared vision to advance sustainability in sports and entertainment by strengthening in-venue aluminium recycling, providing fans with a more environmentally friendly fan experience, and showcasing aluminium beverage packaging as the most sustainable choice.
  • In September 2019, Canpack S.A. & Asahi formed a strategic partnership to start aluminium can production in Czech Republic. This strategic partnership helped in the expansion of production capacity for aluminium cans.

Segments covered in the Report:

The global beverage cans market has been segmented based on material type, application, and regions. Based on material type, the market is segmented into aluminium & steel. Based on application, the market is segmented into alcoholic beverages, soft drinks, fruit & vegetable juices, energy drinks and others. 

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Key questions answered in this research report:

• • At what pace is global beverage cans market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in global beverage cans market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global beverage cans market?
  • Which material type generated maximum revenues in 2020 and identify the most promising material type during the forecast period?
  • What are the various application areas of global beverage cans market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Beverage Cans Market by Material Type

• • Aluminium
  • Steel

Global Beverage Cans Market by Application

• • Alcoholic Beverages
  • Soft Drinks
  • Energy Drinks
  • Fruit & Vegetable Juices
  • Others

Global Market Beverage Cans by Region

• • North America Beverage Cans Market (Option 1: As a part of the free 25% customization)
    • North America Beverage Cans Market by Material Type
    • North America Beverage Cans Market by Application
    • US Beverage Cans Market All-Up
    • Canada Beverage Cans Market All-Up
  • Europe Beverage Cans Market (Option 2: As a part of the free 25% customization)
    • Europe Beverage Cans Market by Material Type
    • Europe Beverage Cans Market by Application
    • UK Beverage Cans Market All-Up
    • Germany Beverage Cans Market All-Up
    • France Beverage Cans Market All-Up
    • Spain Beverage Cans Market All-Up
    • Rest of Beverage Cans Name Market All-Up
  • Asia-Pacific Beverage Cans Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Beverage Cans Market by Material Type
    • Asia-Pacific Beverage Cans Market by Application
    • China Beverage Cans Market All-Up
    • India Beverage Cans Market All-Up
    • Japan Beverage Cans Market All-Up
    • Rest of APAC Beverage Cans Market All-Up
  • RoW Beverage Cans Market (Option 4: As a part of the free 25% customization)
    • RoW Beverage Cans Market by Material Type
    • RoW Beverage Cans Market by Application
    • Brazil Beverage Cans Market All-Up
    • South Africa Beverage Cans Market All-Up
    • Saudi Arabia Beverage Cans Market All-Up
    • UAE Beverage Cans Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Beverage Cans Market All-Up

Major Players Operating in the Global Beverage Cans Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Ball Corporation,
  • Crown Holdings Inc.
  • Ardagh group,
  • CANPACK S.A
  • CPMC Holding Ltd.
  • Amcor Limited
  • Kian Joo Can Factory Berhad
  • Showa Denko KK
  • Nampak Bevcan Limited
  • Toyo Seikan Group and others.