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
|
Aluminium
|
Steel
|
PET
|
|
|
Beverage Type
|
Alcoholic Beverages
|
Non- Alcoholic Beverages
|
Water
|
|
|
Basis Of Structure
|
2-Piece Cans
|
3- Piece Cans
|
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)