- Aluminium,
- Steel,
- PET
Beverage Cans Market size was valued at USD 24,700.0 million in 2022 and is poised to grow at a significant CAGR of 5.4% from 2023–2029. 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.
Beverage Cans Market Key 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.
- In July 2021, Additional aluminum beverage packaging plants were established by Ball Corporation, producing millions of cans every year. This expansion makes it possible for the company to produce ready-to-drink beverages more efficiently for its clients.
Beverage Cans Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.4%
Largest Market
North America
Fastest Growing Market
Asia-Pacific
Beverage Cans Market Dynamics
The market is expanding as a result of health and wellbeing, which is the major factor. This trend was gaining momentum even before the epidemic, it has speeded up as consumers become more aware of the advantages of leading a healthier lifestyle. Alternatives to carbonated soft drinks that have less sugar, natural flavours and substances that improve performance, etc., include functional ready-to-drink beverages. Both alcoholic and non-alcoholic beverages fall under this. Although drinking alcohol is hardly "healthy," people who are looking for healthier alternatives to reduce their alcohol and sugar intake can both indulge and lead a healthy lifestyle. For instance, a pre-mixed cocktail in a can be served fast and conveniently without the burden of a cupboard full of different ingredients. It is also simpler to accommodate diverse flavour preferences with a ready-to-drink solution. In other words, customers favour the ease of getting exactly what they want, when they want it, without having to make any compromises.
Asia-Pacific Got Significant Share
Beverage Cans Market Regional Analysis
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. High rates of development, cheap labor costs, and well-established manufacturing bases in the area all contribute to the market's expansion. Furthermore, rising levels of industrialization in developing countries like China and India have raised peoples' disposable income, which is projected to boost demand for beverages and have a favorable effect on the market expansion. Due to the high demand for beverage cans across a range of applications, including alcoholic beverages, carbonated soft drinks, etc., North America maintained a sizeable market share over the estimated period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The beverage cans market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Beverage Cans Market Segmentation
By Material Type
By Beverage Type
- Alcoholic Beverages,
- Non-Alcoholic Beverages
By Structure Type
- 2-Piece,
- 3-Piece
Frequently Asked Questions
The beverage cans market is projected to expand at a CAGR of 5.4% during the forecast period.
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)
Asia Pacific is the fastest-growing region for beverage cans market
| 1. Executive Summary |
| 2. Global Beverage Cans Market Introduction |
| 2.1. Global Beverage Cans Market – Taxonomy |
| 2.2. Global Beverage Cans Market –Definitions |
| 2.2.1. By Materials |
| 2.2.2. By Beverage Type |
| 2.2.3. By Structure Type |
| 2.2.4. By Region |
| 3. Global Beverage Cans Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Beverage Cans Market Dynamic Factors - Impact Analysis |
| 3.6. Global Beverage Cans Market – Competition Landscape |
| 4. Global Beverage Cans Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Beverage Cans Market, By Materials, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 5.1. Aluminium |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Steel |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. PET |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Beverage Cans Market, By Beverage Type, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.1. Alcoholic Beverages |
| 6.1.1. Beer |
| 6.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.1.3. Market Opportunity Analysis |
| 6.1.2. Wine |
| 6.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.2.3. Market Opportunity Analysis |
| 6.1.3. Spirits |
| 6.1.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3.3. Market Opportunity Analysis |
| 6.1.4. Others |
| 6.1.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.4.3. Market Opportunity Analysis |
| 6.2. Non-Alcoholic Beverages |
| 6.2.1. Soft-Drinks |
| 6.2.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.1.3. Market Opportunity Analysis |
| 6.2.2. Bottled Water |
| 6.2.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.2.3. Market Opportunity Analysis |
| 6.2.3. Coffee |
| 6.2.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3.3. Market Opportunity Analysis |
| 6.2.4. Energy & Sports Drinks |
| 6.2.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.4.3. Market Opportunity Analysis |
| 6.2.5. Dairy Beverages |
| 6.2.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.2.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.5.3. Market Opportunity Analysis |
| 6.2.6. Functional Drinks |
| 6.2.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 6.2.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.6.3. Market Opportunity Analysis |
| 7. Global Beverage Cans Market, By Structure, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 7.1. 2-Piece |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. 3-Piece |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Beverage Cans Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Beverage Cans Market - Opportunity Analysis Index, By End-User Industry, End-User Industry, and Region, 2023 - 2028 |
| 9. North America Beverage Cans Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 9.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Aluminium |
| 9.1.2. Steel |
| 9.1.3. PET |
| 9.2. Beverage Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Alcoholic Beverages |
| 9.2.1.1. Beer |
| 9.2.1.2. Wine |
| 9.2.1.3. Spirits |
| 9.2.1.4. Others |
| 9.2.2. Non-Alcoholic Beverages |
| 9.2.2.1. Soft-Drinks |
| 9.2.2.2. Bottled Water |
| 9.2.2.3. Coffee |
| 9.2.2.4. Energy & Sports Drinks |
| 9.2.2.5. Dairy Beverages |
| 9.2.2.6. Functional Drinks |
| 9.3. Structure Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. 2-Piece |
| 9.3.2. 3-Piece |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. U.S. |
| 9.4.2. Canada |
| 9.5. North America Beverage Cans Market - Opportunity Analysis Index, By Material, By Beverage Type, By Structure and Country, 2023 - 2028 |
| 9.6. North America Beverage Cans Market Dynamics – Trends |
| 10. Europe Beverage Cans Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn) |
| 10.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Aluminium |
| 10.1.2. Steel |
| 10.1.3. PET |
| 10.2. Beverage Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Alcoholic Beverages |
| 10.2.1.1. Beer |
| 10.2.1.2. Wine |
| 10.2.1.3. Spirits |
| 10.2.1.4. Others |
| 10.2.2. Non-Alcoholic Beverages |
| 10.2.2.1. Soft-Drinks |
| 10.2.2.2. Bottled Water |
| 10.2.2.3. Coffee |
| 10.2.2.4. Energy & Sports Drinks |
| 10.2.2.5. Dairy Beverages |
| 10.2.2.6. Functional Drinks |
| 10.3. Structure Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. 2-Piece |
| 10.3.2. 3-Piece |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Beverage Cans Market - Opportunity Analysis Index, By Material, By Beverage Type, By Structure and Country, 2023 - 2028 |
| 10.6. Europe Beverage Cans Market Dynamics – Trends |
| 11. Asia-Pacific Beverage Cans Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 11.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Aluminium |
| 11.1.2. Steel |
| 11.1.3. PET |
| 11.2. Beverage Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Alcoholic Beverages |
| 11.2.1.1. Beer |
| 11.2.1.2. Wine |
| 11.2.1.3. Spirits |
| 11.2.1.4. Others |
| 11.2.2. Non-Alcoholic Beverages |
| 11.2.2.1. Soft-Drinks |
| 11.2.2.2. Bottled Water |
| 11.2.2.3. Coffee |
| 11.2.2.4. Energy & Sports Drinks |
| 11.2.2.5. Dairy Beverages |
| 11.2.2.6. Functional Drinks |
| 11.3. Structure Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. 2-Piece |
| 11.3.2. 3-Piece |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Beverage Cans Market - Opportunity Analysis Index, By Product, By By Beverage Type, and Country, 2023 - 2028 |
| 11.6. Asia-Pacific Beverage Cans Market Dynamics – Trends |
| 12. Latin America Beverage Cans Market Analysis, 2018 - 2022 and Forecast, 2020 – 2026 |
| 12.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Aluminium |
| 12.1.2. Steel |
| 12.1.3. PET |
| 12.2. Beverage Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Alcoholic Beverages |
| 12.2.1.1. Beer |
| 12.2.1.2. Wine |
| 12.2.1.3. Spirits |
| 12.2.1.4. Others |
| 12.2.2. Non-Alcoholic Beverages |
| 12.2.2.1. Soft-Drinks |
| 12.2.2.2. Bottled Water |
| 12.2.2.3. Coffee |
| 12.2.2.4. Energy & Sports Drinks |
| 12.2.2.5. Dairy Beverages |
| 12.2.2.6. Functional Drinks |
| 12.3. Structure Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. 2-Piece |
| 12.3.2. 3-Piece |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Beverage Cans Market - Opportunity Analysis Index, By Product, By By Beverage Type, and Country, 2023 - 2028 |
| 12.6. Latin America Beverage Cans Market Dynamics – Trends |
| 13. Middle East and Africa Beverage Cans Market Analysis, 2018 - 2022 and Forecast, 2023 - 2028 (Revenue, USD Mn ) |
| 13.1. Material Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Aluminium |
| 13.1.2. Steel |
| 13.1.3. PET |
| 13.2. Beverage Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Alcoholic Beverages |
| 13.2.1.1. Beer |
| 13.2.1.2. Wine |
| 13.2.1.3. Spirits |
| 13.2.1.4. Others |
| 13.2.2. Non-Alcoholic Beverages |
| 13.2.2.1. Soft-Drinks |
| 13.2.2.2. Bottled Water |
| 13.2.2.3. Coffee |
| 13.2.2.4. Energy & Sports Drinks |
| 13.2.2.5. Dairy Beverages |
| 13.2.2.6. Functional Drinks |
| 13.3. Structure Type Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. 2-Piece |
| 13.3.2. 3-Piece |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Beverage Cans Market - Opportunity Analysis Index, By Material, By Beverage Type, By Structure and Country, 2023 - 2028 |
| 13.6. MEA Beverage Cans Market Dynamics – Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Crown Holdings Inc. (Philadelphia, US) |
| 14.2.2. Ardagh Group S.A, (Luxemburg) |
| 14.2.3. CPMC Holdings Limited (China) |
| 14.2.4. Toyo Seikan Group Holdings Ltd. (Tokyo, Japan) |
| 14.2.5. Can-One Berhad (Malaysia) |
| 14.2.6. Can-Pack S.A (Poland) |
| 14.2.7. Ball Corporation (Colorado, US) |
| 14.2.8. Envases Universales (Spain) |
| 14.2.9. Universal Can Corporation (Tokyo, Japan) |
| 14.2.10. Interpack Group Inc. (China) |
| 14.2.11. GZ Industries (Nigeria) |
| 14.2.12. Showa Denko K.K (Tokyo, Japan) |
| 14.2.13. Swan Industries Limited (Thailand) |
| 14.2.14. Nampak Bevcan Limited (South Africa) |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- 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)