Beverage Cans Market by Type, Structure (2-Piece Cans, 3- Piece Cans), Beverage Type

List of Tables

[183 Pages Report] The Beverage Cans Market size was estimated at USD 29.11 billion in 2023 and expected to reach USD 31.16 billion in 2024, at a CAGR 7.31% to reach USD 47.73 billion by 2030.

Beverage cans, also known as drink cans or aluminum cans, are cylindrical containers used for storing and dispensing various types of beverages, offering convenience, portability, and extended shelf life. They are typically made of aluminum or tin-plated steel and are designed to be lightweight, durable, easily stackable, and provide extended shelf life to the product. Beverage cans provide a sealed and protective barrier that preserves the beverages' freshness, flavor, and quality and prevents the product from exposure to light, air, and moisture, minimizing oxidation and degradation. The beverage cans are seeing boosting demand from beverage manufacturers owing to their sustainability and recyclability without degradation in quality. Convenience packaging is in high demand because consumers seek convenience and on-the-go options because of busy lifestyles; the rise of eCommerce and the desire for portable and easily consumable products are the driving factors that created a lucrative market expansion in the forecast period. However, the increasing preferences of manufacturers towards glass and plastic packaging due to its lower cost are hampering the market growth. The fluctuating prices of raw materials in beverage cans create limitations in the market by impacting manufacturing costs, supply chain dynamics, pricing stability, and overall business strategies. The ongoing technological advancements for sustainable cans and the growing popularity of portable natures can offer market opportunities by addressing consumer demands for environmentally friendly packaging, promoting brand differentiation, and enhancing product performance.

KEY MARKET STATISTICS
Base Year [2023]	USD 29.11 billion
Estimated Year [2024]	USD 31.16 billion
Forecast Year [2030]	USD 47.73 billion
CAGR (%)	7.31%

Type: Growing demand for aluminum cans due to its environmentally friendly nature

Aluminum cans are lightweight, which makes them easier to transport and handle. They are also highly durable, protecting light, oxygen, and other external factors affecting beverage quality. Aluminum cans are recyclable, with a high recycling rate, making them an environmentally friendly choice. Polyethylene terephthalate (PET) cans are lightweight, shatterproof, and offer barrier properties against oxygen and carbon dioxide. They are also transparent, allowing consumers to see the product from the inside.

Moreover, steel cans are recyclable and often used for specific beverages, such as energy drinks or products requiring higher structural strength. Steel has a relatively high thermal conductivity that helps to chill canned drinks much more rapidly and efficiently than glass or plastic bottles.

Beverage Type: Rising adoption of cans for alcoholic beverage

Alcoholic beverages include a wide range of products such as beer, wine, spirits, and ready-to-drink cocktails that come in the packaging of cans. Alcoholic drink cans provide convenience, portability, and protection from light and oxygen, which helps maintain the flavor and quality of the product. Non-alcoholic beverages encompass a broad category of drinks, including carbonated soft drinks, juices, energy drinks, sports drinks, tea, coffee, and more. Cans packaging for non-alcoholic beverages provide excellent protection against light, air, and external contaminants to preserve the taste and freshness of the drinks. Canned water is portable and can be easily carried for on-the-go consumption. Additionally, aluminum cans provide adequate protection against light and air, maintaining the quality and purity of the water.

Structure: Significant adoption of 2-piece cans for carbonated drink

A 2-piece can is created by molding a material portion into a body with an integral end. This structure of cans provides excellent sealing properties and is widely used for carbonated drinks such as sodas and beer, as they can withstand the pressure created by carbonation. 3- piece cans are often used for beverages that require a higher level of structural strength and shape customization, such as certain energy drinks or products with unique packaging requirements.

Regional Insights

The beverage cans market landscape in the Americas is significantly growing owing to the strong presence of major players in the beverage packaging industry, the high consumption of canned beverages, and a growing focus on sustainability. The United States, Canada, Brazil, Mexico, Argentina, and Chile have a well-established beverage industry, with a wide range of beverages, such as carbonated soft drinks, alcoholic beverages, energy drinks, and more, being packaged in cans. The beverage cans market landscape in the Asia-Pacific (APAC) region is dynamic and rapidly growing, driven by population growth, urbanization, rising disposable incomes, and changing consumer preferences. Countries such as China, Japan, India, and South Korea are increasingly focusing on convenience and increasing attention to sustainability and recyclability, which has boosted the demand for aluminum beverage cans. The beverage cans market landscape in Europe, the Middle East, and Africa has evolved and transformed in recent years due to varying consumer preferences, sustainability considerations, and advancements. Consumers in the EMEA region are increasingly opting for healthier beverage options, including low-sugar, natural, and functional drinks. This has influenced the packaging requirements and designs, focusing on effectively communicating product attributes. Beverage manufacturers in the EMEA continually invest in advanced technologies to improve production efficiency, increase durability, and introduce new features such as resealable lids and improved opening mechanisms.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Beverage Cans Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Beverage Cans Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Beverage Cans Market, highlighting leading vendors and their innovative profiles. These include Amcor PLC, Ardagh Group S.A., Ball Corporation, Baosteel Group Corporation, Berlin Packaging L.L.C., BWAY Corporation, Can-One Berhad, CANPACK S.A., Casablanca Industries Pvt. Ltd., CCL Container, Consolidated Can Manufacturing Co. Ltd., CPMC Holdings Limited, Crown Holdings, Inc., Dongwon Group, Envases Group, GZ Industries Limited, Hindustan Tin Works Ltd., JIMA GROUP, Larsan Tin Printers, Metal Container Corporation by Anheuser-Busch Companies, LLC, MinJia Packaging, Mitsubishi Materials Corporation, Monarch Plastics Corporation, Nampak Limited, Nordson Corporation, Novelis Group, Orora Group, Resonac Holdings Corporation, San Miguel Yamamura Packaging Corporation, Shetron Group, Silgan Holdings Inc., Sonoco Products Company, Swan Industries (Thailand) Limited, Thai Beverage Can Ltd., TON YI INDUSTRIAL CORP., Toyo Seikan Group Holdings, Ltd., Visy Group, WestRock Company, and Yantai Zhuyuan Environmental Tech Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Beverage Cans Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Aluminum
- PET
- Steel

Structure
- 2-Piece Cans
- 3- Piece Cans

Beverage Type
- Alcoholic Beverages
- Non- Alcoholic Beverages
- Water

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Beverage Cans Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Beverage Cans Market?

3. What are the technology trends and regulatory frameworks in the Beverage Cans Market?

4. What is the market share of the leading vendors in the Beverage Cans Market?

5. Which modes and strategic moves are suitable for entering the Beverage Cans Market?

Product Code: MRR-FF160115282E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing popularity of non-alcoholic & energy drinks and rising demand for convenient packaging
  - 5.1.1.2. Rising focus of can manufacturers on aluminum can recycling
- 5.1.2. Restraints
  - 5.1.2.1. Limitation associated with beverage can products
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing advancements for the sustainable cans
  - 5.1.3.2. Introduction of advanced techniques to improve the visibility and functionality of cans
- 5.1.4. Challenges
  - 5.1.4.1. Availability of alternative packaging solution for beverages can
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing demand for aluminum cans due to its environmentally friendly nature
- 5.2.2. Beverage Type: Rising adoption of cans for alcoholic beverage
- 5.2.3. Structure: Significant adoption of 2-piece cans for carbonated drink
5.3. Market Trend Analysis
- 5.3.1. Growing consumption of beverages and rising focus on circular economy in the Americas
- 5.3.2. Significant presence of beverage can manufacturers coupled with adoption of cutting-edge can manufacturing technologies
- 5.3.3. Recycling trend encourage the use of beverage cans in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Beverage Cans Market, by Type

6.1. Introduction
6.2. Aluminum
6.3. PET
6.4. Steel

7. Beverage Cans Market, by Structure

7.1. Introduction
7.2. 2-Piece Cans
7.3. 3- Piece Cans

8. Beverage Cans Market, by Beverage Type

8.1. Introduction
8.2. Alcoholic Beverages
8.3. Non- Alcoholic Beverages
8.4. Water

9. Americas Beverage Cans Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Beverage Cans Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Beverage Cans Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. CROWN HOLDINGS COMPLETES HELVETIA PACKAGING ACQUISITION
- 12.3.2. Reliance Consumer Ties Up with Ceylon Beverage to Co-Pack and Manufacture Campa Cans
- 12.3.3. The Netherlands expands national deposit return system to include aluminum and steel beverage cans
- 12.3.4. Amcor, Nfinite Enter into Joint Research Agreement to Leverage Nanotechnology in Recyclable and Compostable Packaging
- 12.3.5. Nordson Can Manufacturing in The Netherlands
- 12.3.6. Novelis Demonstrates Commitment to Aluminum Beverage Packaging Innovation with Opening of New Can Customer Solution Center
- 12.3.7. Ardagh Metal Packaging Buys Controlling Stake in NOMOQ
- 12.3.8. aTULC Introduces a New Can Liner to Craft
- 12.3.9. UACJ and Toyo Seikan Group Team Up on Push to Increase Aluminium Beverage Can Recycling
- 12.3.10. Toyo Seikan Begins Production of Lightweight Beverage Cans with CBR Technology
- 12.3.11. Amcor Inaugurates New Flexible Packaging Plant in Huizhou, China
- 12.3.12. Ardagh Metal Packaging Launches New Can Size to Support Beverage Brands
- 12.3.13. CANPACK Group to Invest in Greenfield Aluminum Beverage Can Plant in Pocos de Caldas, Brazil
- 12.3.14. Novelis to Invest USD 2.5 Billion to Build Low-Carbon Aluminium Recycling and Rolling Plant
- 12.3.15. Sonoco Completes Acquisition of Ball Metalpack

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio