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Global Beverage Cans Market Share, Size, Growth, Forecast: By Product: Steel, Aluminium; By Application: Alcoholic Beverages, Carbonated Drinks, Fruit and Vegetable Juices, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032
Global Beverage Cans Market Outlook
The global beverage cans market size reached a value of USD 40.46 billion in 2023. During the forecast period of between 2024 and 2032, the market is expected to grow at a CAGR of 5.30% to reach a value of around USD 64.41 billion by 2032.
Key Trends in the Market
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.
- The demand for effective packaging solutions that are portable and protect from the outside environment is the driving the beverage cans market expansion.
- Increasing household incomes, customer demand for higher safety and quality, and increased awareness of maintaining healthy diets are encouraging the demand for beverage cans.
- Consumers who are concerned about their health are predicted to consume more non-alcoholic products, which will increase the market for beverage cans. Additionally, the introduction of fruit juices and sports drinks together with rising demand for Ready-to-Drink (RTD) items packaged in cans are anticipated to support the market growth for beverage cans.
- Beverage cans are a preferred choice for activities like camping, hiking, and other outdoor experiences because they are portable, strong, and pose little chance of accidental shattering. They are suited for athletic events, concerts, and stadiums where glass bottles are not permitted.
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Global Beverage Cans Market Analysis
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.
- Ball Corporation
- Crown Holdings, Inc.
- GZI Industries Limited
- CPMC Holdings Limited
- Ardagh Group S.A
- Nampak Ltd.
- Ceylon Beverage Can (Pvt) Ltd
- Others
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Market Share by Product
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 are also 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.
Market Share by Region
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.
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Competitive Landscape
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Beverage Cans Market Analysis
8.1 Key Industry Highlights
8.2 Global Beverage Cans Historical Market (2018-2023)
8.3 Global Beverage Cans Market Forecast (2024-2032)
8.4 Global Beverage Cans Market by Product
8.4.1 Steel
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Aluminium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Beverage Cans Market by Application
8.5.1 Alcoholic Beverages
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Carbonated Drinks
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Fruit and Vegetable Juices
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Beverage Cans Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
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
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Crown Holdings, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 GZI Industries Limited
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 CPMC Holdings Limited
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Ardagh Group S.A
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Nampak Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Ceylon Beverage Can (Pvt) Ltd
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Beverage Cans Market: Key Industry Highlights, 2018 and 2032
2. Global Beverage Cans Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Beverage Cans Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Beverage Cans Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Beverage Cans Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Beverage Cans Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Beverage Cans Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Beverage Cans Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Beverage Cans Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Beverage Cans Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Beverage Cans Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Beverage Cans Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Beverage Cans Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Beverage Cans Market Structure
Key Questions Answered in the Report
In 2023, the global market attained a value of nearly USD 40.46 billion.
The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 64.41 billion by 2032.
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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