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The global beverage cans market size reached a value of USD 36.49 billionin2021. During the forecast period of between 2023 and 2028, the market is expected to grow at a CAGR of 5.30% to reach a value of around USD 49.75 billionby2027.
Metal containers called beverage cans are designed to accommodate a fixed single serving of a beverage. These cans are constructed of aluminium or steel that has been tin-plated. Aluminium is frequently used to make beverage cans because it is environmentally friendly and can be recycled easily without losing any of its strength or quality.
Based on product, the market is divided into steel and aluminium. The market on the basis of application is categorised into alcoholic beverages, carbonated drinks, and fruit and vegetable juices, among others. The regional markets for beverage cans can be classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global beverage cans market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The aluminium segment is currently dominating the beverage cans market as it gives packaged beverages a longer shelf life, and is recyclable. The most recycled beverage containers globally are aluminium cans. The material also preserves the structure and integrity of packaged goods and can easily be sterilised. Lightweight and stackable, they increase shipping and storage efficiency.
Aluminium cans are being used more frequently as a result of rising worldwide beverage consumption as well as a surge in demand for sustainable packaging options. These cans be aesthetically pleasing because they can be customised with different colours, 3D prints, and embossing.
Steel has a relatively strong heat conductivity, which enables cans to cool down quickly after sterilisation. However, aluminium’s excellent ductility and recyclability, low weight, versatility in printing, and lower potential for toxicity than steel have, nonetheless, attracted manufacturers to the increased use of aluminium material for beverage can production.
North America is anticipated to dominate the global beverage cans market due to the high consumption of beverage cans in countries such as the United States. Consumers' high product uptake, rising per-person carbonated beverage consumption, and regional awareness of sustainability are supporting the growth of the market in the region. Growing health concern of consumers have resulted in a significant demand for wholesome and nutritious beverages in the United States, thus propelling the market growth.
Additionally, restrictions on plastic packaging in nations like the United States and Canada may impede the expansion of plastic packaging in the area, resulting in improved demand for beverage cans. In the Asia Pacific increased disposable income in developing nations like India and China, is increasing the demand for beverages, and correspondingly beverage cans.
Ball Corporation based in Colorado, United States offers cutting-edge, environmentally friendly aluminium packaging options for manufacturers of household beverages and goods, and personal care items. The company also offers aerospace and other technologies and services to government and commercial clients. The business, which was founded in 1880, has more than 21,500 employees globally.
Crown Holdings, Inc., formerly known as Crown Cork & Seal Company, is an American corporation that produces metal cans for food and beverages, metal closures, metal aerosol containers, and speciality packing.
GZI Industries Limited, established in 2006, is a renowned manufacturer and maker of superior quality aluminium beverage cans. The company stays operationally effective, inventive, and sustainable by utilising best-in-class production methods and the most recent high-speed beverage lines, giving customers the greatest possible value and service.
Other market players include CPMC Holdings Limited, Ardagh Group S.A, Nampak Ltd., and Ceylon Beverage Can (Pvt) Ltd, among others.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product||
|Breakup by Application||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Beverage Cans Market Analysis
8.1 Key Industry Highlights
8.2 Global Beverage Cans Historical Market (2018-2022)
8.3 Global Beverage Cans Market Forecast (2023-2028)
8.4 Global Beverage Cans Market by Product
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.5 Global Beverage Cans Market by Application
8.5.1 Alcoholic Beverages
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.5.2 Carbonated Drinks
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.5.3 Fruit and Vegetable Juices
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.6 Global Beverage Cans Market by Region
8.6.1 Market Share
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 Latin America
126.96.36.199 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
188.8.131.52 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
184.108.40.206 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Ball Corporation
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.2 Crown Holdings, Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.3 GZI Industries Limited
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.4 CPMC Holdings Limited
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.5 Ardagh Group S.A
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.6 Nampak Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.7 Ceylon Beverage Can (Pvt) Ltd
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Beverage Cans Market: Key Industry Highlights, 2018 and 2028
2. Global Beverage Cans Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Beverage Cans Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Beverage Cans Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Beverage Cans Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Beverage Cans Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Beverage Cans Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Beverage Cans Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Beverage Cans Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Beverage Cans Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Beverage Cans Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Beverage Cans Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Beverage Cans Market Structure
In 2021, the global market attained a value of nearly USD 36.49 billion.
The market is projected to grow at a CAGR of 5.30% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 49.75 billionby 2027.
The major drivers of the beverage cans market include the demand for highly portable and superior packaging solutions, growing household income, popularity of fruit juices and sports drinks, increasing health consciousness among consumers, and increased interest towards maintaining a healthy diet.
The growing consumption of Ready-to-Drink (RTD) beverages and the rising consumption of non-alcoholic products are the key trends propelling the growth of the market.
The major players in the industry are Ball Corporation, Crown Holdings, Inc., GZI Industries Limited, CPMC Holdings Limited, Ardagh Group S.A, Nampak Ltd., and Ceylon Beverage Can (Pvt) Ltd, among others.
Beverage cans have bodies made of either aluminium or steel.
The only beverage container that is infinitely recyclable is made of aluminium. Aluminium cans are lightweight, stackable, and incredibly efficient to freight and store.
The primary applications of beverage cans are alcoholic beverages, carbonated drinks, and fruit and vegetable juices, among others.
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