Beverage Cans Market

Beverage Cans Market worth $31.2 billion by 2026

The report "Beverage Cans Market by Material Type (Aluminium, Steel, and PET), Beverage Type (Alcoholic Beverages, Non-Alcoholic Beverages, and Water), Structure (2-Piece and 3-Piece), & Region (NA, APAC, EUR, SA, and RoW) - Global Forecast to 2026" The beverage cans market size is estimated to account for a value of USD 23.7 billion in 2021 and is projected to grow at a CAGR 5.6% from 2021, to reach a value of USD 31.2 billion by 2026. Factors such as the increasing demand for recyclable packaging and lower cost of recycled cans than newly manufactured cans have supported the market growth of beverage cans. Moreover, there is an increase in the use of beverage cans for packaging of non-alcoholic beverages such as carbonated soft drinks, still water, and sparkling water. Moreover, cans help and improve the appearance of beverages as well as increase their shelf life and maintain the freshness of the product, thereby maintaining the quality of the food.

Browse 250 market data Tables and 54 Figures spread through 230 Pages and in-depth TOC on "Beverage Cans Market by Material Type (Aluminium, Steel, and PET), Beverage Type (Alcoholic Beverages, Non-Alcoholic Beverages, and Water), Structure (2-Piece and 3-Piece), & Region (NA, APAC, EUR, SA, and RoW) - Global Forecast to 2026 "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/beverage-cans-market-226901632.html

By material type, the aluminum segment is expected to hold a higher share as compared to the steel, and PET segments

Aluminum is a very cost-effective raw material used in the industry and can customize the packaging with colors, 3D prints, and embossing. Therefore, technological developments have led the manufacturers to remodel their strategies by using various sizes of cans, along with different shapes. Aluminum cans are convenient to keep in the fridge and ovens, further leading to the segment holding a significant share in the overall market for beverage cans.

The non-alcoholic beverages application segment among the other beverage type is expected to hold one of the largest share in the beverage cans market, in terms of value, in 2021

The increase in consumption of carbonated soft drinks in emerging economies like India and China has supported the growth of non-alcoholic beverages segment. Beverage cans prevent deterioration of carbonated soft drinks, which is usually seen if these drinks are packed in glass bottles. Moreover, increasing health awareness has led to the growth in demand for energy and sports drinks. These drinks are commonly consumed on regular basis by young population. These factors are fueling the growth of non-alcoholic beverages segment in beverage cans market.

By structure 2-piece will drive the demand for beverage cans, in the upcoming years

2-piece cans are lightweight and available with a stackable feature, as a result of which they can save shelf space. They also offer safer packaging solutions over 3-piece cans. With a continuously evolving packaging technology, the structure of the cans has also been improving with seamless can body and ease of printing on full 2-piece cans compared to 3-piece cans. The manufacturing process of 3-piece cans is more complex and requires more raw materials than 2-piece cans. These factors are responsible for the preference of 2-piece cans over 3-piece cans, further driving the beverage cans market.

North America is projected to dominate the majority market share, in the global beverage cans market, in terms of value, in 2021

North America is a key manufacturer in the beverage industry. The region is mainly dominated by many consumers for canned beverages across the globe. North America is the biggest consumer of aluminum cans, accounting for more than one-third of the total global consumption. However, the cans market for beverages is expected to witness a steady growth rate during the forecast period.

Since the region is developed, the consumption of beverages is mostly high in the region compared to developing regions, such as Asia Pacific and South America. Moreover, the major key players of metal packaging, such as Crown Holdings, Inc. (US) and Ball Corporation (US), have a significant market share in the US, which has further contributed to the steady growth of cans. The US dominated the market in North America, owing to the rise in demand for sparkling water, carbonated beverages, functional drinks, beer, and cocktails.

This report includes a study on the marketing and development strategies, along with a survey of the product portfolios of the leading companies operating in the beverage cans market. It includes the profiles of leading companies, such as Crown Holdings Inc. (Philadelphia, US), Ardagh Group S.A, (Luxemburg), CPMC Holdings Limited (China), Toyo Seikan Group Holdings Ltd. (Tokyo, Japan), Can-One Berhad (Malaysia), Can-Pack S.A (Poland), Ball Corporation (Colorado, US), Envases Universales (Spain), Universal Can Corporation (Tokyo, Japan), Interpack Group Inc. (China), GZ Industries (Nigeria), Showa Denko K.K (Tokyo, Japan), among others.

Don’t miss out on business opportunities in Beverage Cans Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
FB 7885
PR Published ON
4/27/2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Beverage Cans Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home