The Beverage Can Global Market Report 2023, provides comprehensive information on the beverage can market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Beverage Can Global Market Report 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%.
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Product innovation is a key trend gaining popularity in the beverage can market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in January 2023, Ardagh Metal Packaging (AMP), a Luxembourg-based supplier of sustainable, infinitely recyclable, metal beverage cans to brand owners, launched a 19.2oz beverage can which is designed for beverage brand customers. The new can gives consumers the option to select a size between the more conventional sizes of 16 oz and 24 oz to meet the rising demand in the single-serve channel. The packaging will allow firms to diversify into new product categories like water, hard seltzer, beer, and cider.
The 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
North America was the largest region in the beverage can market in 2022.
The table of contents in TBRC’s beverage can market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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