Beverage Cans Market size is expected to reach nearly US$ 38.68 Bn. by 2029 with the CAGR of 5.6% during the forecast period.

Beverage Cans Market Overview:

The Beverage Cans market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Beverage Cans Market, as well as the reasons for variations in the industry's growth across a number of sectors.

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Market Scope:

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

Segmentation:

The market for beverage cans is divided into three categories based on the material used: aluminium, steel, and plastic. The market share generated by the aluminium segment was largest in 2022, and it is predicted that it will continue to increase during the projected period. Aluminium is used to make more than 70% of beverage cans worldwide because it is lightweight, cheap to produce and transport, and easy to manufacture. Due to their propensity for reacting with the fluid within and their considerable weight, steel beverage cans seemed to grow slower than typical.

Key Players:

Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.

The biggest players in the Beverage Cans market are as follows:

1. Ardagh Group
2. Ball Corporation
3. Nampak Bevcan Limited
4. Crown Holdings Inc.
5. Amcor
6. Orora Ltd.
7. Silgan Holdings Inc.
8. ORG Packaging
9. Toyo Seikan Group Holdings
10. Bangkok Can Manufacturer Co. Ltd.
11. CPMC Holdings Ltd.
12. Carolina Beverage Group
13. Kian Joo Can Factory
14. HUBER Packaging Group GmbH
15. Can-Pack SA
16. Showa Denko K.K.

Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Beverage Cans market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

COVID-19 Impact Analysis on Beverage Cans Market:

Due to a stop in operations, end-user sectors where Beverage Cans are used suffered a fall in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India. This resulted in a considerable decline in the revenues of firms in these industries, as well as in demand for Beverage Cans manufacturers, hurting the growth of the Beverage Cans market in 2020. As a result of lockdowns and a rise in COVID-19 incidents throughout the world, end-user business demand for Beverage Cans has fallen.

Key Questions Answered in the Beverage Cans Market Report are:

  • In 2021, which segment accounted for the most share of the Beverage Cans market?
  • What is the competitive landscape of the Beverage Cans market?
  • What are the key factors influencing Beverage Cans market growth?
  • In the Beverage Cans market, which region has the most market share?
  • What will be the CAGR of the Beverage Cans market during the forecast period (2022-2027)?