Beverage Cans Market by Type (Aluminum, PET, Steel), Structure (2-Piece Cans, 3- Piece Cans), Beverage Type - Global Forecast 2024-2030
Description
Beverage Cans Market by Type (Aluminum, PET, Steel), Structure (2-Piece Cans, 3- Piece Cans), Beverage Type - Global Forecast 2024-2030
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.
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.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Beverage Cans Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing popularity of non-alcoholic & energy drinks and rising demand for convenient packaging
- Rising focus of can manufacturers on aluminum can recycling
- Market Restraints
- Limitation associated with beverage can products
- Market Opportunities
- Ongoing advancements for the sustainable cans
- Introduction of advanced techniques to improve the visibility and functionality of cans
- Market Challenges
- Availability of alternative packaging solution for beverages can
- Market Segmentation Analysis
- Type: Growing demand for aluminum cans due to its environmentally friendly nature
- Beverage Type: Rising adoption of cans for alcoholic beverage
- Structure: Significant adoption of 2-piece cans for carbonated drink
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Beverage Cans Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Beverage Cans Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- CROWN HOLDINGS COMPLETES HELVETIA PACKAGING ACQUISITION
Crown Holdings, Inc. has acquired Helvetia Packaging AG, a renowned beverage can manufacturing facility in Saarlouis, Germany. With the addition of this facility, Crown's European beverage can platform expands its reach to Germany, contributing an impressive annual capacity of 1 billion units. This significant increase in capacity is due to the rising need for environmentally friendly and recyclable beverage cans, ensuring that Crown can effectively meet customer needs in the market.
Reliance Consumer Ties Up with Ceylon Beverage to Co-Pack and Manufacture Campa Cans
Reliance Consumer Products Limited, a consumer products company in India, has partnered with Ceylon Beverage Can (Pvt.) Ltd. for the production of beverage cans. This partnership brings together two companies dedicated to innovation and quality and is expected to benefit both parties through improved operational efficiency and cost savings. With this agreement, Reliance Consumer Products Limited can look forward to expanding its presence in Sri Lanka while providing better packaging solutions for its existing customer base.
The Netherlands expands national deposit return system to include aluminum and steel beverage cans
The Netherlands announced an expansion of its national deposit return system, which enables the packaging companies to include aluminum and steel beverage cans in addition to plastic. This move comes as part of the country's increasing efforts to reduce the amount of waste that ends up in landfills and encourage sustainable packaging practices. The new rules are expected to come into effect by 1st April 2023, providing a major boost for the aluminum cans industry.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Beverage Cans Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
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
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
193 Pages
- 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 Poços 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
Pricing
Currency Rates
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