Beverage Metal Cans Market Demand, Insights and Forecast up to 2028

According to Premium Market Insights new research study on "Beverage Metal Cans Market is projected to reach US$ 47,852.42 million by 2028 from US$ 34,363.14 million in 2022; it is expected to grow at a CAGR of 5.7% during 2022-2028.

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Some Of the Major Players Influencing Market are Ball Corporation; Crown Holdings, Inc.; Ardagh Group S.A.; CANPACK; Orora Packaging Australia Pty Ltd; Amcor plc; Silgan Containers LLC; ZI Industries Limited; SHOWA DENKO K.K.; and Envases Group are among the players operating in the beverage metal cans market. These companies provide a wide range of product portfolio for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for the market growth. The market players are developing high-quality and innovative products to meet the customer's requirements.

The growth of the beverage metal cans market is driven by recyclability of metal cans that makes the packaging eco-friendly. According to Metal Packaging Europe, in 2020, 84% of steel packaging and 76% of aluminum beverage cans were recycled in Europe. Furthermore, increased investments by major companies in building recycling facilities and enhancing waste management systems play a critical role in market growth. Rising government measures to minimize carbon footprint and energy consumption have spurred the adoption of metal recycling worldwide. The availability of recycling infrastructure and increased accessibility to the same across the world encourage the utilization of beverage metals cans in the global food & beverages industry.

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Based on application, the beverage metal cans market is segmented into carbonated soft drinks, alcoholic drinks, fruit and vegetable juices, and others. The alcoholic drinks segment accounted for the largest share, whereas the market for the carbonated soft drinks segment is expected to grow at the highest rate during the forecast period. Carbonated soft drinks are fizzy nonalcoholic beverages made with clean water, sugar, natural sweeteners or sugar alternatives (in diet drinks), caffeine, artificial flavoring ingredients, fruit juice concentrations, preservatives, and coloring additives. Sprite, Coca-Cola, Mountain Dew, and Monster are a few the most well-known soft drink brands worldwide. The availability of carbonated soft drinks in a wide range of fruit flavors has increased customer demand. The drinks are typically sold in convenience stores, restaurants, casual dining establishments, movie theatres, dedicated soda stores, and vending machines. Further, coatings such as epoxy-amino resin or epoxy-phenolic resin systems restrict corrosion of cans from acidic products, such as carbonated soft drinks. However, almost all food cans are made of steel. However, the unique qualities of aluminum make metal cans ideal for storing carbonated beverages.

By region, the beverage metal cans market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2020, North America held the largest share of the market. However, Asia Pacific is estimated to register the highest CAGR in the market during the forecast period. The growing popularity of energy drinks, the launch of new products, and the pricing and recyclability of metal cans contribute to the market growth. Many companies are releasing new zero sugar drinks. For example, in 2020, Coca-Cola North America released the zero-sugar soft drink under the FRESCA brand. Government laws and standards are responsible for the region's increasing use of metal cans. The increased consumption of canned beverages in North America is also responsible for the expansion of the beverage metal cans industry.

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The overall beverage metal cans market size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the beverage metal cans market.

Table Of Contents
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Beverage Metal Cans Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threats of New Entrants:
4.2.2 Threat of Substitutes:
4.2.3 Bargaining Power of Buyers:
4.2.4 Bargaining Power of Suppliers:
4.2.5 Competitive Rivalry:
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Beverage Metal Cans Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Recyclable Property of Metal Cans
5.1.2 High Consumption of Carbonated Soft Drinks
5.2 Key Market Restraints
5.2.1 Increasing Use of Biodegradable Plastic Packaging For Drinks
5.3 Key Market Opportunities
5.3.1 The Increasing Popularity of Energy Drinks
5.4 Future Trends
5.4.1 Demand For Canned Cocktails and Sparkling Wines
5.5 Impact Analysis of Drivers and Restraint
Continued…...!

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