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

The global beverage cans industry is poised for significant growth, spurred by rising urbanization globally. Throughout the forecast period, projections show a strong compound annual growth rate (CAGR) of 6.5%. The North American market dominated in 2022, with a valuation of USD 141.2 billion, while the Asia-Pacific area is expected to develop the fastest, at a CAGR of 7.4%. Within North America, the United States had the greatest share in 2022, valued at USD 119.1 billion. In Europe, Germany led the market with a revenue of USD 15.6 billion that same year. Notably, India is forecast to be the fastest-growing market in Asia-Pacific, with a CAGR of 8.2%.

The majority of cans in the global beverage can industry are made of aluminum. It's because aluminum is a durable and eco-friendly metal. Aluminum is also cost-effective. The metal may be easily recycled while still maintaining its quality and quantity. These are some of the reasons why it is widely utilized in the production of beverage cans. Beverage cans are a common and eco-friendly packaging option, enabling ease and recyclability for a wide range of beverages.

Regional analysis
The worldwide beverage cans market can be divided into the following regions: North America, the European Union, the Asia-Pacific area, and the remainder of the world.

The North American region now has the largest regional beverage can market share. The beverage can rate in this region is high and predicted to rise within the time period covered by this research. The high CAGR will continue to help this area maintain its extraordinarily high market share.

The European Union also has a large beverage can market share. The explanation is that more countries in this region are recycling metal cans. This is especially true for Germany, the United Kingdom, and France. These countries happen to be Europe's major markets for beverage cans. More Europeans are expected to recycle. They are compelled to do so by government and think tank requirements. One such example is the European Commission's mandates.

The Asia-Pacific region is predicted to see a high CAGR in the beverage cans market. The most populous countries in the region are India, China, Japan, Australia, and Indonesia. Their population is quickly increasing in wealth. Furthermore, a sizable middle class is forming in all of these places. The strong growth rate of the beverage cans market is driven by increased purchasing power and discretionary/disposable incomes.

These countries have youthful populations and will soon become major markets for the beverage can sector. China already has the majority of the beverage cans market share.

The beverage cans industry in the rest of the world is also predicted to rise significantly. The explanation is that when people become wealthy, they consume more canned alcoholic beverages.

Key Players
A few significant firms dominate the industry, including 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.