Beverage Cans Market

The global beverage cans market is foreseen to grow by 4.9%, from USD 37.47 Billion in 2021 to USD 54.93 Billion in 2029. Recyclability factor of beverage cans that allow multiple uses, increase in popularity of energy and sports drinks, convenience factors spurring innovations in can manufacturing are some of the factors driving the market for the estimated forecast period. However, saturated markets for cans in the developed regions, consumer shift toward alternative options of packaging is seen to hamper the market growth for the estimated period.

Market Definition

What is Beverage cans Market?

Beverage cans are metal containers designed to hold fixed amounts of beverage type such as alcoholic beverages, carbonated soft drinks, fruit &vegetable juices, among others.

Market Overview

The beverage cans market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the beverage cans market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global beverage cans market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Beverage cans Market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the beverage cans market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the beverage cans market include: Ardagh Group S.A., Ball Corporation, Bangkok Can Manufacturing, Baosteel Group, Bikaner Polymers Pvt. Ltd., Can-One Berhad, Can-Pack S.A., Ceylon Beverage Can (Pvt.) Ltd., Cpmc Holdings Limited, Crown Holdings, Inc., Daiwa Can, Envases Group, Gz Industries Ltd, Interpack Group Inc, Kian Joo Can Factory Berhad, Mahmood Saeed Beverage Cans & Ends Industry Company Limited, Nampak Bevcan Limited, Orara Packaging Australia Pty Ltd., Showa Denko K.K., Swan Industries (Thailand) Limited, Techpack Solutions Co. Ltd., The Olayan Group, Toyo Seikan Group Holdings, Ltd., Universal Can Corporation.

COVID-19 Impact on Global Beverage cans Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the beverage cans market has forced the companies to change their sourcing, pricing, and promotion strategies. The beverage cans market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the food and beverage industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics, and beverage cans market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression, and time-series analysis.

Market Segmentation

For the purpose of this report, the global beverage cans market is segmented on the basis of material type, beverage type, basis of structure, and region:

Material type Outlook:

On the basis of material type, the market is segmented into aluminum, steel, PET.

Figure 1 Beverage cans Market By Material Type (Market Size And Forecast By Value USD Million, 2021 & 2029)