Beverage Can Market size to grow by USD 5,715.4 million from 2022 to 2027, The growing awareness among consumers regarding sustainability to drive the market- Technavio

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May 04, 2023, 18:15 ET

NEW YORK, May 4, 2023 /PRNewswire/ -- The global beverage can market size is estimated to grow by USD 5,715.4 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 3.1% during the forecast period. APAC is estimated to account for 45% of the global market growth. Another region that offers significant growth opportunities to vendors is North America. The demand for the packaging of processed and ready-to-eat (RTE) food products, fruit juices, aerated drinks, and energy drinks is mounting in the region. It is further expected to boost the market in the forecast period. Furthermore, due to the budding environmental concerns, consumers are becoming more aware of limiting the usage of plastics, which, in turn, is urging the need for cans in North America. For more key market insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

Technavio has announced its latest market research report titled Global Beverage Can Market 2023-2027

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Beverage Can Market - Segmentation Assessment
This report extensively covers market segmentation by application (non-alcoholic beverages and alcoholic beverages), material (aluminium and steel), and geography (North America, APAC, Europe, Middle East and Africa, and South America.

The market share growth by the non-alcoholic beverages segment will be significant for the market growth during the forecast period. Beverage cans are used to pack different non-alcoholic beverages, such as juices which are continuously gaining popularity. Metal cans are popular in the segment owing to their hermetic seal and barrier against oxygen and sunlight. Moreover, the growing demand for rehydration drinks and caffeine-based drinks is also expected to create new opportunities for market development in the projected period. Hence, such factors drive the market growth in the segment during the forecast period.

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Beverage Can Market – Market Dynamics
Key factor driving market growth

The market growth is propelled by the increasing consciousness among consumers regarding sustainability.
A prime example is aluminum, a valuable metal that can be recycled multiple times without compromising its properties.
The recycling of aluminium and steel cans offers both environmental and financial incentives, which allows companies to reduce their carbon footprint and conserve natural resources.
Furthermore, beverage can recycling requires less energy compared to manufacturing cans from scratch.
Hence, such factors drive the market growth of the beverage cans during the forecast period.

Leading trends influencing the market

The growing market of RTD coffee and tea is an emerging beverage can market trend.
There has been a growth in RTD coffee and tea consumption. These drinks are not only seen as instant energy drinks but also form a part of the lifestyle in most countries, including Japan and the US.
The growing health awareness and rising disposable incomes of the population are the major factors driving the RTD tea and coffee market.
Therefore, the rising demand for RTD coffee and tea is expected to fuel the global market during the forecast period.

Major challenges hindering the market growth

The rising popularity of alternatives is a major challenge for the market growth.
It is observed that PET, a form of plastic, is continuing to gain popularity across almost all markets and has been successfully implemented in the beer sector.
For instance, in Romania, more than 40% of breweries use PET bottles to package their beer because the consumers of beer in this country find PET bottles convenient and aesthetically appealing.
Moreover, the use of PET bottles allows a reduction in emissions and resources in the supply chain.
Therefore, as the popularity of alternatives such as PET rises, the demand for metal cans will decrease, which will hinder the growth of the global market during the forecast period.

Key Insights on Market Drivers, Upcoming Trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Beverage Can Market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the beverage can market between 2023 and 2027
Precise estimation of the size of the beverage can market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the beverage can market across North America, APAC, Europe, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of beverage can market vendors

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Related Reports:

The metal cans market size for food and beverage is expected to increase by USD 9.78 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.61%. Furthermore, this report extensively covers the market segmentation by end-user (beverage and food) and geography (North America, Europe, APAC, South America, and MEA). The increasing launch of new food and beverage products in metal cans is notably driving the market growth.

The beverage packaging market size in Europe is expected to increase by USD 10.10 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.67%. Furthermore, this report extensively covers beverage packaging market segmentation in Europe by material (plastic, glass, and metal) and location (Western Europe and Eastern Europe). The rising sustainable practice in beverage packaging in Europe is notably driving the beverage packaging market growth in Europe.

Beverage Can Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 3.1%
Market growth 2023-2027	USD 5,715.4 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	2.54
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 45%
Key countries	US, China, India, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Amcor Plc, Ardagh Group SA, Ball Corp., BangkokCan Manufacturing Co. Ltd., Can One Berhad, CANPACK SA, CPMC Holdings Ltd., Crown Holdings Inc., Envases Ohringen GmbH, GZ Industries Ltd., Kian Joo Can Factory Bhd, Mahmood Saeed Co. Ltd., Mitsubishi Materials Corp., Nampak Ltd., ORG Technology Co. Ltd., Orora Ltd., Shengxing Group, Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd., and Trivium Packaging B.V
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's Materials Market Reports

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global beverage can market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global beverage can market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Material Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Material Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments

Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application

Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application

6.3 Non alcoholic beverages - Market size and forecast 2022-2027

Exhibit 34: Chart on Non alcoholic beverages - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Non alcoholic beverages - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Non alcoholic beverages - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Non alcoholic beverages - Year-over-year growth 2022-2027 (%)

6.4 Alcoholic beverages - Market size and forecast 2022-2027

Exhibit 38: Chart on Alcoholic beverages - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Alcoholic beverages - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Alcoholic beverages - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Alcoholic beverages - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Application

Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Material

7.1 Market segments

Exhibit 43: Chart on Material - Market share 2022-2027 (%)
Exhibit 44: Data Table on Material - Market share 2022-2027 (%)

7.2 Comparison by Material

Exhibit 45: Chart on Comparison by Material
Exhibit 46: Data Table on Comparison by Material

7.3 Aluminium - Market size and forecast 2022-2027

Exhibit 47: Chart on Aluminium - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Aluminium - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Aluminium - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Aluminium - Year-over-year growth 2022-2027 (%)

7.4 Steel - Market size and forecast 2022-2027

Exhibit 51: Chart on Steel - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Steel - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Steel - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Steel - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Material

Exhibit 55: Market opportunity by Material ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027

Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027

Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 73: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027

Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027

Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 India - Market size and forecast 2022-2027

Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027

Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 102: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 104: Overview on factors of disruption

11.4 Industry risks

Exhibit 105: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 106: Vendors covered

12.2 Market positioning of vendors

Exhibit 107: Matrix on vendor position and classification

12.3 Amcor Plc

Exhibit 108: Amcor Plc - Overview
Exhibit 109: Amcor Plc - Business segments
Exhibit 110: Amcor Plc - Key news
Exhibit 111: Amcor Plc - Key offerings
Exhibit 112: Amcor Plc - Segment focus

12.4 Ardagh Group SA

Exhibit 113: Ardagh Group SA - Overview
Exhibit 114: Ardagh Group SA - Business segments
Exhibit 115: Ardagh Group SA - Key news
Exhibit 116: Ardagh Group SA - Key offerings
Exhibit 117: Ardagh Group SA - Segment focus

12.5 Ball Corp.

Exhibit 118: Ball Corp. - Overview
Exhibit 119: Ball Corp. - Business segments
Exhibit 120: Ball Corp. - Key news
Exhibit 121: Ball Corp. - Key offerings
Exhibit 122: Ball Corp. - Segment focus

12.6 CANPACK SA

Exhibit 123: CANPACK SA - Overview
Exhibit 124: CANPACK SA - Product / Service
Exhibit 125: CANPACK SA - Key offerings

12.7 CPMC Holdings Ltd.

Exhibit 126: CPMC Holdings Ltd. - Overview
Exhibit 127: CPMC Holdings Ltd. - Product / Service
Exhibit 128: CPMC Holdings Ltd. - Key offerings

12.8 Crown Holdings Inc.

Exhibit 129: Crown Holdings Inc. - Overview
Exhibit 130: Crown Holdings Inc. - Business segments
Exhibit 131: Crown Holdings Inc. - Key offerings
Exhibit 132: Crown Holdings Inc. - Segment focus

12.9 Envases Ohringen GmbH

Exhibit 133: Envases Ohringen GmbH - Overview
Exhibit 134: Envases Ohringen GmbH - Product / Service
Exhibit 135: Envases Ohringen GmbH - Key offerings

12.10 GZ Industries Ltd.

Exhibit 136: GZ Industries Ltd. - Overview
Exhibit 137: GZ Industries Ltd. - Product / Service
Exhibit 138: GZ Industries Ltd. - Key offerings

12.11 Mitsubishi Materials Corp.

Exhibit 139: Mitsubishi Materials Corp. - Overview
Exhibit 140: Mitsubishi Materials Corp. - Business segments
Exhibit 141: Mitsubishi Materials Corp. - Key offerings
Exhibit 142: Mitsubishi Materials Corp. - Segment focus

12.12 Nampak Ltd.

Exhibit 143: Nampak Ltd. - Overview
Exhibit 144: Nampak Ltd. - Business segments
Exhibit 145: Nampak Ltd. - Key offerings
Exhibit 146: Nampak Ltd. - Segment focus

12.13 ORG Technology Co. Ltd.

Exhibit 147: ORG Technology Co. Ltd. - Overview
Exhibit 148: ORG Technology Co. Ltd. - Product / Service
Exhibit 149: ORG Technology Co. Ltd. - Key offerings

12.14 Orora Ltd.

Exhibit 150: Orora Ltd. - Overview
Exhibit 151: Orora Ltd. - Business segments
Exhibit 152: Orora Ltd. - Key offerings
Exhibit 153: Orora Ltd. - Segment focus

12.15 Shengxing Group

Exhibit 154: Shengxing Group - Overview
Exhibit 155: Shengxing Group - Product / Service
Exhibit 156: Shengxing Group - Key offerings

12.16 Silgan Holdings Inc.

Exhibit 157: Silgan Holdings Inc. - Overview
Exhibit 158: Silgan Holdings Inc. - Business segments
Exhibit 159: Silgan Holdings Inc. - Key offerings
Exhibit 160: Silgan Holdings Inc. - Segment focus

12.17 Trivium Packaging B.V

Exhibit 161: Trivium Packaging B.V - Overview
Exhibit 162: Trivium Packaging B.V - Business segments
Exhibit 163: Trivium Packaging B.V - Key offerings
Exhibit 164: Trivium Packaging B.V - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 165: Inclusions checklist
Exhibit 166: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 167: Currency conversion rates for US$

13.4 Research methodology

Exhibit 168: Research methodology
Exhibit 169: Validation techniques employed for market sizing
Exhibit 170: Information sources

13.5 List of abbreviations

Exhibit 171: List of abbreviations

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