The beverage cans market is valued at USD 24,700.0 million in 2021 and is poised to grow at a significant CAGR of 5.4% over 2022–2028. Over the past fifty years, there has been a gradual change in beverages. With smart factories and artificial intelligence in robots, smart technologies are ushering in a new digital era for the beverage industry. The addition of intelligent sensors to packaging processes may make it simpler to fill beverage packs of various sizes and switch formats instantly. Additionally, they gather the information that enables beverage manufacturers to keep an eye on their inventories and track the state of filling machinery in order to facilitate preventive maintenance. The development of temperature-sensitive inks is one of the smart packaging developments that manufacturers are concentrating on in order to maintain the cans colourful, appealing, and simple to use. As a result, contemporary manufacturing techniques in the beverage cans business are being influenced by rising strength and robustness. The market for beverage can ends is expanding significantly due in large part to the ready-to-drink health beverages. Prior to the invention of the crunch key, beverage cans were opened by poking two triangular holes in the lid. Later improvements led to the use of aluminium rather than steel for the beverage can ends.
Recent Market Developments:
In July 2021, Ball Corporation built additional aluminium beverage packaging facilities, which annually produced millions of cans. This growth enables the business to produce ready-to-drink beverages for its customers in a more effective manner.