Global Beverage Cans Market Research Report Information Report By Region (North America, European Union, Asia-Pacific region, and rest of the world) Forecast To 2032

Market Overview

The global beverage cans market is on the brink of significant growth, driven by the global trend of urbanization. Throughout the forecast period, projections suggest a robust Compound Annual Growth Rate (CAGR) of 6.5%. The Asia-Pacific region is expected to experience the most rapid development, with a compound annual growth rate (CAGR) of 7.4%, while the North American market dominated in 2022 with a valuation of USD 141.2 billion. In 2022, the United States held the largest stake in North America, with a value of USD 119.1 billion. In the same year, Germany maintained its dominant market position in Europe, with a revenue of USD 15.6 billion. It is important to note that India is anticipated to be the fastest-growing market in the Asia-Pacific region, with a projected CAGR of 8.2%.

Most beverage cans in the global market are constructed from aluminum. This is since aluminum is an environmentally favorable and durable metal. Aluminum is also cost-effective. The metal can be recycled with ease while maintaining its quality and quantity. These are a few of the reasons why it is frequently employed in the production of beverage cans. Beverage cans are a packaging option that is both eco-friendly and ubiquitous, providing a variety of beverages with the convenience of recyclability.

Regional analysis

The global beverage cans market can be classified into the following regions: North America, the European Union, the Asia-Pacific region, and the remainder of the world.

At present, the North American region has the largest regional market share for beverage cans. The rate of beverage cans in this region is high and is anticipated to rise during the time covered by this report. The extremely high market share in this region will continue to be influenced by the high CAGR.

The European Union also maintains a substantial market share in the beverage cans sector. This is since a greater number of countries in this region recycle metal cans. This holds particularly true for France, the United Kingdom, and Germany. These countries are the main markets in Europe for beverage cans. A greater number of Europeans are obligated to recycle. They are motivated to do so by the mandates of government and think tank agencies. The European Commission's mandates serve as an illustration of this.

It is anticipated that the beverage cans market in the Asia-Pacific region will experience a high CAGR. The greatest populations in the region are found in India, China, Japan, Australia, and Indonesia. Their populations are swiftly becoming more affluent. Furthermore, a substantial middle class is forming in each of these regions. The high growth rate of the beverage cans market is being driven by the increase in purchasing power and discretionary/disposable incomes.

The Beverage Can industry will shortly gain access to key markets in these nations, which have younger populations. The beverage cans market is currently dominated by China.

It is anticipated that the beverage cans market will experience substantial growth in the Rest of the World. The reason is that the general populace is experiencing an increase in affluence and is consuming an increasing number of canned alcoholic beverages.

Primary Players

A small number of major companies, such as Ball Corporation, Ardagh Group, Crown Holdings Inc., Can-Pack SA, CPMC Holdings Limited, Novelis Inc., Silgan Holdings Inc., Orora Limited, Constellium SE, and Shanghai Baosteel Packaging Co., Ltd., dominate the market.