Global Beverage Can Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
3 Jul, 2023
The global beverage can market size is expected to grow from $30.58 billion in 2022 to $32.32 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global beverage can market size is expected to reach $39.61 billion in 2027 at a CAGR of 5.2%.
Global Beverage Can Market Key Driver
Increased beverage consumption is projected to drive the growth of the beverage can market in the future. Any drinking liquid that is not water is referred to as a beverage. Aluminium cans are utilised as a beer storage and distribution packaging solution. Aluminium beverage containers are recyclable, lightweight, stackable, and extremely easy to transport and store. As a result, increased beverage consumption will result in increased demand for beverage cans, boosting market growth.
Get a sample of the global beverage can market reportGlobal Beverage Can Market Segments
The global beverage can market is segmented:
1) By Material: Steel, Aluminum, Other Materials
2) By Structure: Two Piece Can, Three Piece Can
3) By Can Coating: Epoxy, Polyester, Vinyl, Other Can coatings
4) By Application: Non-Alcoholic Beverage, Alcoholic Beverage, Sports And Energy Drinks, Fruit Based Drinks, Carbonated Soft Drinks, Other Applications
5) By Geography: The regions covered in the beverage can market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global beverage can market.
Major Beverage Can Industry Players
Crown Holdings Inc., Ardagh Group S.A., CPMC Holdings Limited, Toyo Seikan Group Holdings, Can-Pack S.A., Ball Corporation, Envases Universales, GZ Industries, Showa Denko K.K., Nampak Bevcan Limited, The Olayan Group, Techpack Solutions Pvt. Limited, Orora Packaging Australia Pty. Ltd., Kian Joo Can Factory Berhard, Silgan Holdings Inc., Can-One Berhad, Universal Can Corporation, Interpack Group Inc., Ceylon Beverage Can (Pvt) Ltd., BaosteelMetal Co. Ltd., Asia Packaging Industries, Jiangsu Baosteel Metal Product Co. Ltd.
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Beverage Can Market Overview
A beverage can refer to a metal container manufactured to store a single serving of a beverage that protects beverages against oxygen and light. Beverage cans keep oxygen out and carbonation in, extending the freshness of beverages.
Beverage Can Global Market Report 2023 provides data on the global beverage can market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The beverage can market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.