The beverage metal cans market is projected to reach US$ 47,852.42 million by 2028 from US$ 34,363.14 million in 2022; it is expected to grow at a CAGR of 5.7% during 2022-2028.
The growth of the beverage metal cans market is driven by recyclability of metal cans that makes the packaging eco-friendly. According to Metal Packaging Europe, in 2020, 84% of steel packaging and 76% of aluminum beverage cans were recycled in Europe. Furthermore, increased investments by major companies in building recycling facilities and enhancing waste management systems play a critical role in market growth. Rising government measures to minimize carbon footprint and energy consumption have spurred the adoption of metal recycling worldwide. The availability of recycling infrastructure and increased accessibility to the same across the world encourage the utilization of beverage metals cans in the global food & beverages industry.
Based on application, the beverage metal cans market is segmented into carbonated soft drinks, alcoholic drinks, fruit and vegetable juices, and others. The alcoholic drinks segment accounted for the largest share, whereas the market for the carbonated soft drinks segment is expected to grow at the highest rate during the forecast period. Carbonated soft drinks are fizzy nonalcoholic beverages made with clean water, sugar, natural sweeteners or sugar alternatives (in diet drinks), caffeine, artificial flavoring ingredients, fruit juice concentrations, preservatives, and coloring additives. Sprite, Coca-Cola, Mountain Dew, and Monster are a few the most well-known soft drink brands worldwide. The availability of carbonated soft drinks in a wide range of fruit flavors has increased customer demand. The drinks are typically sold in convenience stores, restaurants, casual dining establishments, movie theatres, dedicated soda stores, and vending machines. Further, coatings such as epoxy-amino resin or epoxy-phenolic resin systems restrict corrosion of cans from acidic products, such as carbonated soft drinks. However, almost all food cans are made of steel. However, the unique qualities of aluminum make metal cans ideal for storing carbonated beverages.By region, the beverage metal cans market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2020, North America held the largest share of the market. However, Asia Pacific is estimated to register the highest CAGR in the market during the forecast period. The growing popularity of energy drinks, the launch of new products, and the pricing and recyclability of metal cans contribute to the market growth. Many companies are releasing new zero sugar drinks. For example, in 2020, Coca-Cola North America released the zero-sugar soft drink under the FRESCA brand. Government laws and standards are responsible for the region's increasing use of metal cans. The increased consumption of canned beverages in North America is also responsible for the expansion of the beverage metal cans industry.
Ball Corporation; Crown Holdings, Inc.; Ardagh Group S.A.; CANPACK; Orora Packaging Australia Pty Ltd; Amcor plc; Silgan Containers LLC; ZI Industries Limited; SHOWA DENKO K.K.; and Envases Group are among the players operating in the beverage metal cans market. These companies provide a wide range of product portfolio for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for the market growth. The market players are developing high-quality and innovative products to meet the customer’s requirements.The overall beverage metal cans market size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the beverage metal cans market.
The growth of the beverage metal cans market is driven by recyclability of metal cans that makes the packaging eco-friendly. According to Metal Packaging Europe, in 2020, 84% of steel packaging and 76% of aluminum beverage cans were recycled in Europe. Furthermore, increased investments by major companies in building recycling facilities and enhancing waste management systems play a critical role in market growth. Rising government measures to minimize carbon footprint and energy consumption have spurred the adoption of metal recycling worldwide. The availability of recycling infrastructure and increased accessibility to the same across the world encourage the utilization of beverage metals cans in the global food & beverages industry.
Based on application, the beverage metal cans market is segmented into carbonated soft drinks, alcoholic drinks, fruit and vegetable juices, and others. The alcoholic drinks segment accounted for the largest share, whereas the market for the carbonated soft drinks segment is expected to grow at the highest rate during the forecast period. Carbonated soft drinks are fizzy nonalcoholic beverages made with clean water, sugar, natural sweeteners or sugar alternatives (in diet drinks), caffeine, artificial flavoring ingredients, fruit juice concentrations, preservatives, and coloring additives. Sprite, Coca-Cola, Mountain Dew, and Monster are a few the most well-known soft drink brands worldwide. The availability of carbonated soft drinks in a wide range of fruit flavors has increased customer demand. The drinks are typically sold in convenience stores, restaurants, casual dining establishments, movie theatres, dedicated soda stores, and vending machines. Further, coatings such as epoxy-amino resin or epoxy-phenolic resin systems restrict corrosion of cans from acidic products, such as carbonated soft drinks. However, almost all food cans are made of steel. However, the unique qualities of aluminum make metal cans ideal for storing carbonated beverages.By region, the beverage metal cans market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2020, North America held the largest share of the market. However, Asia Pacific is estimated to register the highest CAGR in the market during the forecast period. The growing popularity of energy drinks, the launch of new products, and the pricing and recyclability of metal cans contribute to the market growth. Many companies are releasing new zero sugar drinks. For example, in 2020, Coca-Cola North America released the zero-sugar soft drink under the FRESCA brand. Government laws and standards are responsible for the region's increasing use of metal cans. The increased consumption of canned beverages in North America is also responsible for the expansion of the beverage metal cans industry.
Ball Corporation; Crown Holdings, Inc.; Ardagh Group S.A.; CANPACK; Orora Packaging Australia Pty Ltd; Amcor plc; Silgan Containers LLC; ZI Industries Limited; SHOWA DENKO K.K.; and Envases Group are among the players operating in the beverage metal cans market. These companies provide a wide range of product portfolio for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for the market growth. The market players are developing high-quality and innovative products to meet the customer’s requirements.The overall beverage metal cans market size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the beverage metal cans market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Beverage Metal Cans Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threats of New Entrants:
4.2.2 Threat of Substitutes:
4.2.3 Bargaining Power of Buyers:
4.2.4 Bargaining Power of Suppliers:
4.2.5 Competitive Rivalry:
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Beverage Metal Cans Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Recyclable Property of Metal Cans
5.1.2 High Consumption of Carbonated Soft Drinks
5.2 Key Market Restraints
5.2.1 Increasing Use of Biodegradable Plastic Packaging For Drinks
5.3 Key Market Opportunities
5.3.1 The Increasing Popularity of Energy Drinks
5.4 Future Trends
5.4.1 Demand For Canned Cocktails and Sparkling Wines
5.5 Impact Analysis of Drivers and Restraint
6. Beverage metal cans - Global Market Analysis
6.1 Beverage Metal Cans Market Overview
6.2 Beverage Metal Cans Market - Revenue and Forecast to 2028
6.3 Competitive Positioning - Key Market Players
7. Beverage Metal Cans Market Analysis - By Material
7.1 Overview
7.2 Beverage Metal Cans Market, By Material (2021 and 2028)
7.3 Aluminum
7.3.1 Overview
7.3.2 Aluminum: Beverage Metal Cans Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Steel
7.4.1 Overview
7.4.2 Steel: Beverage Metal Cans Market - Revenue and Forecast to 2028 (US$ Mn)
8. Beverage Metal Cans Market Analysis - By Application
8.1 Overview
8.2 Beverage Metal Cans Market, By Application (2021 and 2028)
8.3 Carbonated Soft Drinks
8.3.1 Overview
8.3.2 Carbonated Soft Drinks: Beverage Metal Cans Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Alcoholic Drinks
8.4.1 Overview
8.4.2 Alcoholic Drinks: Beverage Metal Cans Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Fruit and Vegetable Juices
8.5.1 Overview
8.5.2 Fruit and Vegetable Juices: Beverage Metal Cans Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Beverage Metal Cans Market - Revenue and Forecast to 2028 (US$ Mn)
9. Beverage Metal Cans Market - Geographic Analysis
9.1 Overview
9.2 North America: Beverage Metal Cans Market
9.2.1 North America: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.2.2 North America: Beverage Metal Cans Market, by Material
9.2.3 North America: Beverage Metal Cans Market, by Application
9.2.4 North America: Beverage Metal Cans Market, by Key Country
9.2.4.1 US: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Beverage Metal Cans Market, by Material
9.2.4.1.2 US: Beverage Metal Cans Market, by Application
9.2.4.2 Canada: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Beverage Metal Cans Market, by Material
9.2.4.2.2 Canada: Beverage Metal Cans Market, by Application
9.2.4.3 Mexico: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Beverage Metal Cans Market, by Material
9.2.4.3.2 Mexico: Beverage Metal Cans Market, by Application
9.3 Europe: Beverage Metal Cans Market
9.3.1 Europe: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.3.2 Europe: Beverage Metal Cans Market, by Material
9.3.3 Europe: Beverage Metal Cans Market, by Application
9.3.4 Europe: Beverage Metal Cans Market, by Key Country
9.3.4.1 Germany: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Beverage Metal Cans Market, by Material
9.3.4.1.2 Germany: Beverage Metal Cans Market, by Application
9.3.4.2 France: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Beverage Metal Cans Market, by Material
9.3.4.2.2 France: Beverage Metal Cans Market, by Application
9.3.4.3 Italy: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Beverage Metal Cans Market, by Material
9.3.4.3.2 Italy: Beverage Metal Cans Market, by Application
9.3.4.4 U.K: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.3.4.4.1 U.K: Beverage Metal Cans Market, by Material
9.3.4.4.2 U.K: Beverage Metal Cans Market, by Application
9.3.4.5 Russia: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Beverage Metal Cans Market, by Material
9.3.4.5.2 Russia: Beverage Metal Cans Market, by Application
9.3.4.6 Rest of Europe: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Beverage Metal Cans Market, by Material
9.3.4.6.2 Rest of Europe: Beverage Metal Cans Market, by Application
9.4 Asia-Pacific: Beverage Metal Cans Market
9.4.1 Asia-Pacific: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.4.2 Asia-Pacific: Beverage Metal Cans Market, by Material
9.4.3 Asia-Pacific: Beverage Metal Cans Market, by Application
9.4.4 Asia-Pacific: Beverage Metal Cans Market, by Key Country
9.4.4.1 Australia: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Beverage Metal Cans Market, by Material
9.4.4.1.2 Australia: Beverage Metal Cans Market, by Application
9.4.4.2 China: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Beverage Metal Cans Market, by Material
9.4.4.2.2 China: Beverage Metal Cans Market, by Application
9.4.4.3 India: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Beverage Metal Cans Market, by Material
9.4.4.3.2 India: Beverage Metal Cans Market, by Application
9.4.4.4 Japan: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Beverage Metal Cans Market, by Material
9.4.4.4.2 Japan: Beverage Metal Cans Market, by Application
9.4.4.5 South Korea: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Beverage Metal Cans Market, by Material
9.4.4.5.2 South Korea: Beverage Metal Cans Market, by Application
9.4.4.6 Rest of Asia-Pacific: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia-Pacific: Beverage Metal Cans Market, by Material
9.4.4.6.2 Rest of Asia-Pacific: Beverage Metal Cans Market, by Application
9.5 Middle East and Africa: Beverage Metal Cans Market
9.5.1 Middle East and Africa: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Beverage Metal Cans Market, by Material
9.5.3 Middle East and Africa: Beverage Metal Cans Market, by Application
9.5.4 Middle East and Africa: Beverage Metal Cans Market, by Key Country
9.5.4.1 South Africa: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Beverage Metal Cans Market, by Material
9.5.4.1.2 South Africa: Beverage Metal Cans Market, by Application
9.5.4.2 Saudi Arabia: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Beverage Metal Cans Market, by Material
9.5.4.2.2 Saudi Arabia: Beverage Metal Cans Market, by Application
9.5.4.3 UAE: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Beverage Metal Cans Market, by Material
9.5.4.3.2 UAE: Beverage Metal Cans Market, by Application
9.5.4.4 Rest of the Middle East and Africa: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of the Middle East and Africa: Beverage Metal Cans Market, by Material
9.5.4.4.2 Rest of the Middle East and Africa: Beverage Metal Cans Market, by Application
9.6 South and Central America: Beverage Metal Cans Market
9.6.1 South and Central America: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: Beverage Metal Cans Market, by Material
9.6.3 South and Central America: Beverage Metal Cans Market, by Application
9.6.4 South and Central America: Beverage Metal Cans Market, by Key Country
9.6.4.1 Brazil: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Beverage Metal Cans Market, by Material
9.6.4.1.2 Brazil: Beverage Metal Cans Market, by Application
9.6.4.2 Argentina: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Beverage Metal Cans Market, by Material
9.6.4.2.2 Argentina: Beverage Metal Cans Market, by Application
9.6.4.3 Rest of South and Central America: Beverage Metal Cans Market - Analysis and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: Beverage Metal Cans Market, by Material
9.6.4.3.2 Rest of South and Central America: Beverage Metal Cans Market, by Application
10. Impact of COVID-19 Pandemic on Global Beverage Metal Cans Market
10.1 Overview
10.2 Impact of COVID-19 on Beverage Metal Cans Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.7 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Partnership
12. Company Profiles
12.1 Ball Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Crown Holdings, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Ardagh Group S.A.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 CANPACK
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Orora Packaging Australia Pty Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Amcor plc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Silgan Containers LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 GZI Industries Limited
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 SHOWA DENKO K.K.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Envases Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ball Corporation
- Crown Holdings, Inc.
- Ardagh Group S.A.
- CANPACK
- Orora Packaging Australia Pty Ltd
- Amcor plc
- Silgan Containers LLC
- GZI Industries Limited
- Showa Denko K.K.
- Envases Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 198 |
| Published | May 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( $ | $ 34363.14 million |
| Forecasted Market Value ( $ | $ 47852.42 million |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
