Beverage Cans Market Trends and Segments Forecast To 2029

The global beverage cans market size was valued at USD 24,700.0 million in 2021 and is poised to grow at a significant CAGR of 5.4% during the forecast period 2023-2029. The beverage cans market refers to the manufacturing and distribution of metal containers, primarily made of aluminum or steel, for the packaging of various types of beverages. Beverage cans are widely used in the packaging of carbonated soft drinks, alcoholic beverages, energy drinks, and fruit juices, among other drinks. Beverage cans offer several advantages over other packaging materials, including their light weight, durability, and ability to preserve the flavor and quality of the beverage. They are also easy to stack and store and can be recycled multiple times, making them a more sustainable packaging option.

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Beverage Cans Market Growth Factors:
The global beverage cans market is expected to experience significant growth in the coming years, driven by several factors, including:

Increasing demand for canned beverages: The increasing popularity of on-the-go consumption and the growing preference for convenient and portable packaging options are driving the demand for canned beverages, particularly in emerging markets.

Rising demand for sustainable packaging solutions: Beverage cans are considered to be more environmentally friendly than other packaging materials, such as plastic bottles, as they are highly recyclable and have a low carbon footprint. The increasing focus on sustainability is expected to drive the growth of the beverage cans market.
Growing demand for carbonated soft drinks and energy drinks: The demand for carbonated soft drinks and energy drinks is increasing globally, and beverage cans are the preferred packaging option for these products due to their ability to preserve carbonation and flavor.

Increasing urbanization and disposable income: Rapid urbanization and rising disposable income levels in emerging markets are driving the demand for packaged beverages, which in turn is driving the growth of the beverage cans market.

Technological advancements in can manufacturing: Advancements in can manufacturing technologies, such as lightweight, printing, and shaping, are making beverage cans more attractive to consumers and driving the demand for innovative can designs and formats.

The global beverage cans market segmentation:
1) By Materials: Aluminium, Steel, PET.
2) By Beverage Type: Alcoholic Beverages, Non-Alcoholic Beverages.
3) By Structure Type: 2-Piece, 3-Piece.
Beverage Cans Market Regional Analysis:

The global beverage cans market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Each region has unique dynamics that impact the growth of the beverage cans market.
Europe is another significant market for beverage cans, driven by the high demand for packaged beverages and the increasing preference for sustainable packaging solutions. Germany, the United Kingdom, and France are among the largest markets in the region.

The Asia-Pacific region is expected to experience the highest growth rate in the beverage cans market due to the rapid urbanization, rising disposable incomes, and the increasing popularity of canned beverages. China, India, Japan, and South Korea are the primary contributors to the growth of the market in the region.

Latin America and the Middle East and Africa are also expected to see significant growth in the beverage cans market due to the increasing demand for packaged beverages and the rising popularity of sustainable packaging solutions.

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Key players in the beverage cans market 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), Swan Industries Limited (Thailand), Nampak Bevcan Limited (South Africa)

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This release was published on openPR.