The market size of global beverage cans was valued at USD 22.58 billion in 2021, with a projected revenue CAGR of 5.6% throughout the forecast period. The growth of the Standard Beverage Cans Market revenue is mainly attributed to the increasing demand for lightweight can materials and airtight beverage cans that ensure the retention of carbonation and exclusion of oxygen. Additionally, the rising demand for dairy beverages, including cold coffee, fruit milkshakes, chocolate milkshakes, and others, served in cans is expected to boost the adoption of beverage cans and drive revenue growth in the Standard Beverage Cans Market.
Beverage cans can be made from various raw materials, such as aluminum, tin-coated steel, and electrolytic chromium-coated steel. Different types of cans, including 3-piece welded cans, 2-piece drawn and redrawn cans, and 2-piece drawn and ironed cans, can be manufactured using these raw materials. Coatings are applied on pre-made cans to prevent oxidation of the cans, as tin can be quickly oxidized compared to food. These coatings are not used for light-colored acidic juices like pineapple, pears, and peaches, as they prevent darkening and flavor changes induced by oxidation of fruits.
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Top Companies Operating in the Global Standard Beverage Cans Market Report:
Ball Corporation, Ardagh Group, Crown Holdings, Inc., Amcor Plc, Toyo Seikan Group Holdings, Ltd., Showa Denko K.K, Nampak Bevcan Limited, Can-Pack S.A., CPMC Holdings Ltd., and Kian Joo Can Factory Berhard.
Driving Factors of Standard Beverage Cans Market
- Lightweight Materials: The demand for lightweight can materials, such as aluminum, is increasing due to its lightweight and recyclable nature. This demand is driven by the need for environmentally friendly packaging solutions that reduce the carbon footprint and transportation costs.
- Airtight Packaging: Airtight beverage cans that prevent oxygen from entering and carbonation from escaping are increasingly popular among consumers. This is due to the growing demand for long-lasting, fresh-tasting beverages.
- Demand for Dairy Beverages: The increasing demand for dairy beverages, such as cold coffee, fruit milkshakes, and chocolate milkshakes, served in cans, is another factor driving the growth of the Standard Beverage Cans Market.
- Branding: Beverage cans offer a great opportunity for branding and product differentiation through innovative designs, colors, and graphics. This is particularly important in the highly competitive beverage market.
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The global Standard Beverage Cans Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Material Type Outlook:
- Steel
- Aluminum
- Others
Application Outlook:
- Non-Alcoholic Beverage
- Alcoholic Beverage
- Sports Energy Drinks
- Fruit Based Drinks
- Carbonated Soft Drinks
- Others
Type Outlook:
- Slim
- Standard
- Sleek
- Others
Structure Outlook:
- 2-Piece Cans
- 3-Piece Cans
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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