Beverage Cans Market is projected to grow at a CAGR of 5.4% during the forecast period of 2022-2030: Cognitive Market Research

Market Overview
A beverage can is a small cylindrical container typically made of aluminium or steel, used to hold and dispense drinks such as alcoholic drinks, carbonated soft drinks, fruit juices, energy drinks, teas, herbal teas, and other types of beverages. It has a top that can be opened and closed. They are convenient and easy to carry, making them popular for outdoor activities, picnics, and parties. Additionally, they are often recyclable, making them an environmentally friendly choice.

Summary:
The global Beverage Cans Market is expected to grow from USD 32.07 billion in 2022 to USD 47.83 billion by 2030, at a CAGR of 5.4% during the forecast period
Rising popularity of renewable energy sources for electricity generation is the major driving factor for the growth of the Beverage Cans market.
North America accounted for the largest market share in the Global Beverage Cans Market.

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Market Dynamics
Beverage cans are made using aluminium or tin-plated steel and are lightweight, durable, and recyclable. The increasing focus of manufacturers on recyclability and sustainability has led to an increase in the demand for cans from beverage manufacturers. For instance, according to a study, the world's beer and soda consumption use around 180 billion aluminium cans every year. Furthermore, the growing consumption of alcoholic, as well as non-alcoholic beverages globally, is driving the beverage cans market.

Market Segmentation:
By Material
Based on material, the Aluminium segment is leading the global beverage cans market. This is due to its number of properties such as being lightweight, durable, recyclable, and providing an excellent barrier against light, air, and moisture.
• Aluminium
• Steel

By Application
Based on application, the carbonated soft drinks segment is expected to dominate the market during the forecast period. This is attributed to the increasing demand for soft drinks worldwide owing to the introduction of new flavours which is attracting consumers is supporting the demand for carbonated soft drinks.
• Carbonated Soft Drinks
• Alcoholic Beverages
• Fruits & Vegetable Juices
• Others

The Major Players Beverage Cans Market are:
Ball Corporation (U.S.), Orora Packaging Australia Pty Ltd (Australia), Crown Holdings Inc. (U.S.), Ardagh Group S.A. (Ireland), CANPACK S.A. (Poland), GZ Industries Ltd. (Nigeria), CPMC Holdings Ltd. (China), MSCANCO (Saudi Arabia), Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan), Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka), Universal Can Corporation (U.S.), Techpack Solutions (China), Baosteel Metal Co. Ltd. (China), Asia Packaging Industries (Vietnam), Silgan Holdings (U.S.)

News
• Novelis Plans a New Aluminium Plant to Meet the Demand for Cans.
In May 2022, Novelis planned to build the largest aluminium rolling plant in the U.S. to supply the growing market for beverage cans.

• CANPACK GROUP to Invest BRL 710 million (Usd 140 million) in Greenfield Aluminum Beverage Can Plant in Poços De Caldas, Brazil
In July 2022, CANPACK S.A., part of the CANPACK Group, announced to increase in its manufacturing capacity of aluminium beverage cans with a new production facility in Poços de Caldas, in the State of Minas Gerais, Brazil.

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Regional Analysis:
North America is a leading region of the Beverage Cans market.
North America holds the major share of the market owing increasing consumption of beverages in the region. Increasing technological advancement and rising research and development activities associated with aluminium cans cater to the increasing demand for sustainability in the global market is driving the beverage cans market.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Beverage Can Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
- 1.5.1 Segmentation
- 1.5.1 Regional Fragmentation
- 1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Beverage Can Market Overview
• 4.1 Introduction
• 4.2 Global Beverage Can Market Statistics by Regions (2018-2030)
- 4.2.1 North America Beverage Can Status and Prospect (2018-2030)
- 4.2.2 Europe Beverage Can Status and Prospect (2018-2030)
- 4.2.3 Asia Pacific Beverage Can Status and Prospect (2018-2030)
- 4.2.4 Latin America Beverage Can Status and Prospect (2018-2030)
- 4.2.5 Middle East and Africa Beverage Can Status and Prospect (2018-2030)
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Beverage Can Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Beverage Can Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Beverage Can Market by Size Segmentation Analysis (2018-2030)
Chapter 11 Global Beverage Can Market by Structure Segmentation Analysis (2018-2030)
Chapter 12 Global Beverage Can Market by Can Coatings Segmentation Analysis (2018-2030)
Chapter 13 Global Beverage Can Market by Can Shape Segmentation Analysis (2018-2030)
Chapter 14 Global Beverage Can Market by Fabrication Segmentation Analysis (2018-2030)
Chapter 15 Global Beverage Can Market Regional Analysis
Chapter 16 North America Beverage Can Market Outlook (2018 - 2030)
Chapter 17 Europe Beverage Can Market Outlook (2018 - 2030)
Chapter 18 Asia Pacific Beverage Can Market Outlook (2018 - 2030)
Chapter 19 Latin America Beverage Can Market Outlook (2018 - 2030)
Chapter 20 Middle East and Africa Beverage Can Market Outlook (2018 - 2030)
Chapter 21 Research Findings

To know more Beverage Cans Market TOC click here :
https://www.cognitivemarketresearch.com/beverage-can-market-report#table_of_contents

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• Recyclable Aluminum Beverage Cans - https://www.cognitivemarketresearch.com/recyclable-aluminum-beverage-cans-market-report
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• Used Beverage Cans - https://www.cognitivemarketresearch.com/used-beverage-cans-market-report

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