Global Beverage Cans Market by Type (Aluminum, PET, Steel), Structure (2-Piece Cans, 3- Piece Cans), Beverage Type - Forecast 2023-2030

The Beverage Cans Market size was estimated at USD 27.20 billion in 2022, USD 29.11 billion in 2023, and is expected to grow at a CAGR of 7.27% to reach USD 47.73 billion by 2030.

Beverage cans, also known as drink cans or aluminum cans, are cylindrical containers used for storing and dispensing various types of beverages, offering convenience, portability, and extended shelf life. They are typically made of aluminum or tin-plated steel and are designed to be lightweight, durable, easily stackable, and provide extended shelf life to the product. ?? Beverage cans provide a sealed and protective barrier that preserves the beverages' freshness, flavor, and quality and prevents the product from exposure to light, air, and moisture, minimizing oxidation and degradation. The beverage cans are seeing boosting demand from beverage manufacturers owing to their sustainability and recyclability without degradation in quality. Convenience packaging is in high demand because consumers seek convenience and on-the-go options because of busy lifestyles; the rise of eCommerce and the desire for portable and easily consumable products are the driving factors that created a lucrative market expansion in the forecast period. However, the increasing preferences of manufacturers towards glass and plastic packaging due to its lower cost are hampering the market growth. The fluctuating prices of raw materials in beverage cans create limitations in the market by impacting manufacturing costs, supply chain dynamics, pricing stability, and overall business strategies. The ongoing technological advancements for sustainable cans and the growing popularity of portable natures can offer market opportunities by addressing consumer demands for environmentally friendly packaging, promoting brand differentiation, and enhancing product performance.

Regional Insights

The beverage cans market landscape in the Americas is significantly growing owing to the strong presence of major players in the beverage packaging industry, the high consumption of canned beverages, and a growing focus on sustainability. The United States, Canada, Brazil, Mexico, Argentina, and Chile have a well-established beverage industry, with a wide range of beverages, such as carbonated soft drinks, alcoholic beverages, energy drinks, and more, being packaged in cans. The beverage cans market landscape in the Asia-Pacific (APAC) region is dynamic and rapidly growing, driven by population growth, urbanization, rising disposable incomes, and changing consumer preferences. Countries such as China, Japan, India, and South Korea are increasingly focusing on convenience and increasing attention to sustainability and recyclability, which has boosted the demand for aluminum beverage cans. The beverage cans market landscape in Europe, the Middle East, and Africa has evolved and transformed in recent years due to varying consumer preferences, sustainability considerations, and advancements. Consumers in the EMEA region are increasingly opting for healthier beverage options, including low-sugar, natural, and functional drinks. This has influenced the packaging requirements and designs, focusing on effectively communicating product attributes. Beverage manufacturers in the EMEA continually invest in advanced technologies to improve production efficiency, increase durability, and introduce new features such as resealable lids and improved opening mechanisms.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Beverage Cans Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Beverage Cans Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Beverage Cans Market, highlighting leading vendors and their innovative profiles. These include Amcor PLC, Ardagh Group S.A., Ball Corporation, Baosteel Group Corporation, Berlin Packaging L.L.C., BWAY Corporation, Can-One Berhad, CANPACK S.A., Casablanca Industries Pvt. Ltd., CCL Container, Consolidated Can Manufacturing Co. Ltd., CPMC Holdings Limited, Crown Holdings, Inc., Dongwon Group, Envases Group, GZ Industries Limited, Hindustan Tin Works Ltd., JIMA GROUP, Larsan Tin Printers, Metal Container Corporation by Anheuser-Busch Companies, LLC, MinJia Packaging, Mitsubishi Materials Corporation, Monarch Plastics Corporation, Nampak Limited, Nordson Corporation, Novelis Group, Orora Group, Resonac Holdings Corporation, San Miguel Yamamura Packaging Corporation, Shetron Group, Silgan Holdings Inc., Sonoco Products Company, Swan Industries (Thailand) Limited, Thai Beverage Can Ltd., TON YI INDUSTRIAL CORP., Toyo Seikan Group Holdings, Ltd., Visy Group, WestRock Company, and Yantai Zhuyuan Environmental Tech Co., Ltd.

Market Segmentation & Coverage

This research report categorizes the Beverage Cans Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
  • Aluminum
  • PET
  • Steel
• Structure
  • 2-Piece Cans
  • 3- Piece Cans
• Beverage Type
  • Alcoholic Beverages
  • Non- Alcoholic Beverages
  • Water

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

1. What is the market size and forecast of the Beverage Cans Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Beverage Cans Market?
3. What are the technology trends and regulatory frameworks in the Beverage Cans Market?
4. What is the market share of the leading vendors in the Beverage Cans Market?
5. Which modes and strategic moves are suitable for entering the Beverage Cans Market?

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