The global Beverage Cans market size is expected to be worth around US$ 60.20 billion by 2030, according to a new report by Vision Research Reports.
The global Beverage Cans market size was valued at US$ 36.72 billion in 2020 and is anticipated to grow at a CAGR of 6.1% during forecast period 2021 to 2030.
|Market Size||US$ 60.20 Billion by 2030|
|Growth Rate||CAGR of 6.1% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Ball Corp.;Orora Packaging Australia Pty. Ltd.; The Olayan Group; Crown Holdings, Inc.; Ardagh S.A.; Canpack, CPMC Holdings Ltd.; Bangkok Can Manufacturing; Nampak Ltd.; Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.;Kian Joo Can Factory Berhad; Swan Industries (Thailand) Company Ltd.; GZ Industries Ltd.; Toyo Seikan Co., Ltd.; Envases Group|
The demand for highly portable and superior packaging solutions for protection from the external environment is primarily contributing to the market growth. The demand for beverage cans is expected to be driven by the rising consumption of non-alcoholic products among health-conscious consumers. In addition, the introduction of fruit juices and sports drinks coupled with the growing consumption of Ready-to-Drink (RTD) products in can packaging is expected to benefit the market growth. The U.S. is the biggest market for beverage cans with the highest per capita can consumption in the world.
By Material Analysis
The aluminum material segment dominated the market with a revenue share of 96.0% in 2020 as a result of the high usage of aluminum as it offers extended shelf life to packaged beverages.
Aluminum cans are the most recycled beverage containers globally. An average aluminum can contains 70% recycled metal. These are lightweight and stackable.
An increase in the global consumption of beverages, coupled with a surge in demand for packaging solutions that offer sustainability, has led to the increased adoption of aluminum cans.
Steel cans also extend the shelf life of beverages, thereby reducing wastage. The relatively high thermal conductivity of steel allows cans made from it to be chilled quicker than PET bottles.
By Application Analysis
The alcoholic beverages segment accounted for the maximum revenue share of more than 38% in 2020 dominated the application segment in 2020. The high share is attributed to the increasing demand for alcoholic beverages
The easy access to a variety of alcoholic beverages in supermarkets is expected to drive consumption, thereby benefitting the segment growth. Furthermore, high visibility and attractive assortment of alcoholic beverages.
The carbonated soft drinks segment is estimated to account for the second-highest revenue share by 2028. High per capita consumption of carbonated soft drinks in countries, such as Mexico, Brazil, and China, due to the rapid urbanization.
The fruit and vegetable juices segment is expected to witness the fastest CAGR during the forecast period. Juices fortified with functional ingredients, such as bioactive compounds, Omega-3, fiber, and probiotic bacteria, are gaining traction with an increase in awareness among consumers about the benefits of these ingredients.
By Regional Analysis
North America dominated the global market with a revenue share of more than 36% in 2020 on account of high product consumption in the U.S. and Mexico. The regulations on plastic packaging in countries, such as the U.S. and Canada, are likely to hamper the growth of plastic packaging in the region.
The EU has adopted Circular Economy Action Plan under which, the focus is given on reusable products to increase sustainability in the region.
Asia Pacific also accounts for a high percentage share of the global population, leading to substantial consumption of beverages. In addition, rapid industrialization in developing economies, such as India and China, has led to increasing disposable income of the population.
Orora Packaging Australia Pty. Ltd.
The Olayan Group
Crown Holdings, Inc.
CPMC Holdings Ltd.
Bangkok Can Manufacturing
Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.
Kian Joo Can Factory Berhad
Swan Industries (Thailand) Company Ltd.
GZ Industries Ltd.
Toyo Seikan Co., Ltd.
Carbonated Soft Drinks
Fruit &Vegetable Juices
Central & South America
Middle East & Africa
The Beverage Cans market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Beverage Cans market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Beverage Cans market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Beverage Cans market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Beverage Cans market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Beverage Cans capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Beverage Cans by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Beverage Cans market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Beverage Cans market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Beverage Cans market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Beverage Cans industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Beverage Cans market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Beverage Cans market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Beverage Cans market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Beverage Cans market. These factors have benefited the growth of the global market for Beverage Cans. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Beverage Cans. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Beverage Cans are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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