Global Drink Cans Market Set to Reach USD 119,208.6 Million by 2033: A 7.7% CAGR Fuels Growth in Eco-Friendly Beverage Packaging

The global 𝐝𝐫𝐢𝐧𝐤 𝐜𝐚𝐧𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 is expected to be worth 𝐔𝐒𝐃 𝟓𝟔,𝟖𝟗𝟏.𝟏 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in 2023, with sales increasing at a 𝟕.𝟕% 𝐂𝐀𝐆𝐑 during the forecast period. By 2033, the market is anticipated to be worth 𝐔𝐒𝐃 𝟏𝟏𝟗,𝟐𝟎𝟖.𝟔 𝐦𝐢𝐥𝐥𝐢𝐨𝐧.

The global drink cans industry is witnessing a steady growth trajectory, driven by the growing demand for convenient and eco-friendly packaging solutions for beverages. The increasing consumer preference for canned drinks, the rising popularity of energy and sports drinks, and the growing demand for sustainable packaging materials are some of the key drivers of the market.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 - 𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐓𝐨𝐝𝐚𝐲!
https://www.futuremarketinsights.com/report-sample#5245502d47422d3134313134

One of the key drivers of the drink cans market is the convenience and portability that it can offer. With consumers leading increasingly busy lives, on-the-go beverage consumption has become increasingly popular. Cans are lightweight and easy to carry, making them ideal for consumers who need to stay hydrated on the go.

In addition, the use of cans helps to minimize the risk of spills or breakage, which makes them especially popular for outdoor activities and events.

Another factor driving the growth of the drink cans industry is the increasing demand for sustainable packaging. Consumers are becoming more environmentally conscious and are seeking out packaging solutions that are eco-friendly and can be recycled.

Aluminum cans are 100% recyclable, making them a popular choice for brands looking to reduce their carbon footprint. Additionally, the use of cans helps to reduce food waste and extends the shelf life of the products they contain.

Despite the growth opportunities in the drink cans industry, manufacturers face some challenges in terms of production costs and supply chain logistics. The cost of aluminum, which is the primary material used in the production of drink cans, can be volatile and subject to fluctuations in the global commodity markets. In addition, the production process for cans requires a significant amount of energy, which can contribute to high manufacturing costs.

Overall, the drink cans industry is poised for strong growth in the coming years. The convenience, portability, and sustainability benefits of cans, combined with the growing popularity of energy and sports drinks, will continue to drive demand for this packaging solution.

While manufacturers face some challenges in terms of production costs and supply chain logistics, innovations in materials and manufacturing processes are helping to make the production of drink cans more efficient and cost-effective.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐃𝐫𝐢𝐧𝐤 𝐂𝐚𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

• In the United States, the drink cans industry was worth USD 8,496.6 million in 2022, or 15.7% of the total market.
• During the forecast period, the China drink cans industry is predicted to grow at a CAGR of 8%. In 2022, drink can sales in China were accounted to be valued at USD 8,741.3 million.
• In 2022, the Indian drink cans industry was worth USD 7,804.4 million. Throughout the assessment period, the nation is anticipated to see a notable CAGR of 8.5%.
• Due to their high degree of recycling, 2-piece drink cans are extensively used by beverage manufacturers. Nearly 66.5% of the overall drink cans industry was accounted for by this sector in 2022.
• In 2022, 61% of the market for drink cans was dominated by the non-alcoholic beverage category.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐃𝐫𝐢𝐧𝐤 𝐂𝐚𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global drink cans industry is highly competitive and fragmented, with a large number of players operating in the market. The market is dominated by a few major players, with the remaining players operating in regional or local markets.

The market is highly competitive due to the presence of numerous regional and local players, who offer products at lower prices, giving tough competition to the leading players. The market players compete based on product innovation, price, and quality, which can differentiate their offerings from the competitors. The players are investing in R&D activities to develop eco-friendly packaging solutions and to increase the shelf life of the products.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: 𝐃𝐫𝐢𝐧𝐤 𝐂𝐚𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

• Ab-InBev
• Novelis Inc.
• Ball Corp.
• Crown Holdings Inc.
• Toyo Seikan Group Holdings Ltd.
• SHOWA DENKO K.K.
• Silgan Holdings Inc.
• Can Pack S.A.
• Cpmc Holdings Ltd.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬-𝐑𝐞𝐚𝐝 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲!
https://www.futuremarketinsights.com/reports/drink-cans-market

𝐃𝐫𝐢𝐧𝐤 𝐂𝐚𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

𝐁𝐲 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲:

• Up to 200 ml
• 201 to 450 ml
• 451 to 700 ml
• 701 to 1000 ml
• More than 1000 ml

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞:

• 1-Piece Cans
• 2-Piece Cans
• 3-Piece Cans

𝐁𝐲 𝐂𝐨𝐧𝐭𝐞𝐧𝐭:

• Alcoholic Beverages
• Non-Alcoholic Beverages

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

• North America
• Latin America
• Europe
• MEA
• East Asia
• South Asia
• Oceania

𝐇𝐚𝐯𝐞 𝐚 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐃𝐨𝐦𝐚𝐢𝐧:

𝐏𝐨𝐜𝐤𝐞𝐭 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/pocket-containers-market

𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞 𝐂𝐚𝐫𝐝𝐛𝐨𝐚𝐫𝐝 𝐓𝐮𝐛𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/composite-cardboard-tubes-market

𝐓𝐡𝐢𝐧 𝐖𝐚𝐥𝐥 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/thin-wall-plastic-containers-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.