Beverage Cans Market worth $47.73 billion by 2030, growing at a CAGR of 7.27% - Exclusive Report by 360iResearch

The "Beverage Cans Market by Type (Aluminum, PET, Steel), Structure (2-Piece Cans, 3- Piece Cans), Beverage Type - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Beverage Cans Market to grow from USD 27.20 billion in 2022 to USD 47.73 billion by 2030, at a CAGR of 7.27%.

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Beverage cans, also known as drink cans or aluminum cans, are cylindrical containers used for storing and dispensing various types of beverages, offering convenience, portability, and extended shelf life. They are typically made of aluminum or tin-plated steel and are designed to be lightweight, durable, easily stackable, and provide extended shelf life to the product. Beverage cans provide a sealed and protective barrier that preserves the beverages' freshness, flavor, and quality and prevents the product from exposure to light, air, and moisture, minimizing oxidation and degradation. The beverage cans are seeing boosting demand from beverage manufacturers owing to their sustainability and recyclability without degradation in quality. Convenience packaging is in high demand because consumers seek convenience and on-the-go options because of busy lifestyles; the rise of eCommerce and the desire for portable and easily consumable products are the driving factors that created a lucrative market expansion in the forecast period. However, the increasing preferences of manufacturers towards glass and plastic packaging due to its lower cost are hampering the market growth. The fluctuating prices of raw materials in beverage cans create limitations in the market by impacting manufacturing costs, supply chain dynamics, pricing stability, and overall business strategies. The ongoing technological advancements for sustainable cans and the growing popularity of portable natures can offer market opportunities by addressing consumer demands for environmentally friendly packaging, promoting brand differentiation, and enhancing product performance.

Structure: Significant adoption of 2-piece cans for carbonated drink

A 2-piece can is created by molding a material portion into a body with an integral end. This structure of cans provides excellent sealing properties and is widely used for carbonated drinks such as sodas and beer, as they can withstand the pressure created by carbonation. 3- piece cans are often used for beverages that require a higher level of structural strength and shape customization, such as certain energy drinks or products with unique packaging requirements.

Type: Growing demand for aluminum cans due to its environmentally friendly nature

Aluminum cans are lightweight, which makes them easier to transport and handle. They are also highly durable, protecting light, oxygen, and other external factors affecting beverage quality. Aluminum cans are recyclable, with a high recycling rate, making them an environmentally friendly choice. Polyethylene terephthalate (PET) cans are lightweight, shatterproof, and offer barrier properties against oxygen and carbon dioxide. They are also transparent, allowing consumers to see the product from the inside. Moreover, steel cans are recyclable and often used for specific beverages, such as energy drinks or products requiring higher structural strength. Steel has a relatively high thermal conductivity that helps to chill canned drinks much more rapidly and efficiently than glass or plastic bottles.

Beverage Type: Rising adoption of cans for alcoholic beverage

Alcoholic beverages include a wide range of products such as beer, wine, spirits, and ready-to-drink cocktails that come in the packaging of cans. Alcoholic drink cans provide convenience, portability, and protection from light and oxygen, which helps maintain the flavor and quality of the product. Non-alcoholic beverages encompass a broad category of drinks, including carbonated soft drinks, juices, energy drinks, sports drinks, tea, coffee, and more. Cans packaging for non-alcoholic beverages provide excellent protection against light, air, and external contaminants to preserve the taste and freshness of the drinks. Canned water is portable and can be easily carried for on-the-go consumption. Additionally, aluminum cans provide adequate protection against light and air, maintaining the quality and purity of the water.

Regional Insights:

The beverage cans market landscape in the Americas is significantly growing owing to the strong presence of major players in the beverage packaging industry, the high consumption of canned beverages, and a growing focus on sustainability. The United States, Canada, Brazil, Mexico, Argentina, and Chile have a well-established beverage industry, with a wide range of beverages, such as carbonated soft drinks, alcoholic beverages, energy drinks, and more, being packaged in cans. The beverage cans market landscape in the Asia-Pacific (APAC) region is dynamic and rapidly growing, driven by population growth, urbanization, rising disposable incomes, and changing consumer preferences. Countries such as China, Japan, India, and South Korea are increasingly focusing on convenience and increasing attention to sustainability and recyclability, which has boosted the demand for aluminum beverage cans. The beverage cans market landscape in Europe, the Middle East, and Africa has evolved and transformed in recent years due to varying consumer preferences, sustainability considerations, and advancements. Consumers in the EMEA region are increasingly opting for healthier beverage options, including low-sugar, natural, and functional drinks. This has influenced the packaging requirements and designs, focusing on effectively communicating product attributes. Beverage manufacturers in the EMEA continually invest in advanced technologies to improve production efficiency, increase durability, and introduce new features such as resealable lids and improved opening mechanisms.

Market Segmentation & Coverage:

This research report categorizes the Beverage Cans Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Aluminum, PET, and Steel. The Aluminum commanded largest market share of 74.76% in 2022, followed by Steel.

Based on Structure, market is studied across 2-Piece Cans and 3- Piece Cans. The 2-Piece Cans commanded largest market share of 84.88% in 2022, followed by 3- Piece Cans.

Based on Beverage Type, market is studied across Alcoholic Beverages, Non- Alcoholic Beverages, and Water. The Alcoholic Beverages commanded largest market share of 67.12% in 2022, followed by Non- Alcoholic Beverages.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.23% in 2022, followed by Europe, Middle East & Africa.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Beverage Cans Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Beverage Cans Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Beverage Cans Market, highlighting leading vendors and their innovative profiles. These include Amcor PLC, Ardagh Group S.A., Ball Corporation, Baosteel Group Corporation, Berlin Packaging L.L.C., BWAY Corporation, Can-One Berhad, CANPACK S.A., Casablanca Industries Pvt. Ltd., CCL Container, Consolidated Can Manufacturing Co. Ltd., CPMC Holdings Limited, Crown Holdings, Inc., Dongwon Group, Envases Group, GZ Industries Limited, Hindustan Tin Works Ltd., JIMA GROUP, Larsan Tin Printers, Metal Container Corporation by Anheuser-Busch Companies, LLC, MinJia Packaging, Mitsubishi Materials Corporation, Monarch Plastics Corporation, Nampak Limited, Nordson Corporation, Novelis Group, Orora Group, Resonac Holdings Corporation, San Miguel Yamamura Packaging Corporation, Shetron Group, Silgan Holdings Inc., Sonoco Products Company, Swan Industries (Thailand) Limited, Thai Beverage Can Ltd., TON YI INDUSTRIAL CORP., Toyo Seikan Group Holdings, Ltd., Visy Group, WestRock Company, and Yantai Zhuyuan Environmental Tech Co., Ltd..

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Beverage Cans Market, by Type
7. Beverage Cans Market, by Structure
8. Beverage Cans Market, by Beverage Type
9. Americas Beverage Cans Market
10. Asia-Pacific Beverage Cans Market
11. Europe, Middle East & Africa Beverage Cans Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Beverage Cans Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Beverage Cans Market?
3. What is the competitive strategic window for opportunities in the Beverage Cans Market?
4. What are the technology trends and regulatory frameworks in the Beverage Cans Market?
5. What is the market share of the leading vendors in the Beverage Cans Market?
6. What modes and strategic moves are considered suitable for entering the Beverage Cans Market?

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