Beverage Cans Market Challenges, Strategies And Forecast Report by 2028

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The demand for highly portable and superior packaging solutions for protection from the external environment is primarily contributing to the market growth.

Beverage Cans Industry Overview

The global beverage cans market size was valued at USD 35.72 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2028.

The demand for highly portable and superior packaging solutions for protection from the external environment is primarily contributing to the market growth. The demand for beverage cans is expected to be driven by the rising consumption of non-alcoholic products among health-conscious consumers. In addition, the introduction of fruit juices and sports drinks coupled with the growing consumption of Ready-to-Drink (RTD) products in can packaging is expected to benefit the market growth. The U.S. is the biggest market for beverage cans with the highest per capita can consumption in the world.

The market has witnessed continuous product innovations due to the strong presence of major companies in the U.S., such as Ball Corp. The superior physical properties of metals over their counterparts are also expected to drive market growth during the forecast period. These properties include easy labelling & printing on the metal surface, high malleability, and design innovations to appeal to the millennial.

Gather more insights about the market drivers, restrains and growth of the Global Beverage Cans Market

With the increasing health consciousness among consumers globally, beverage manufacturers are also improving and innovating products with a focus on natural, low-calorie, and low-sugar ingredients, such as stevia, in their products. This is expected to attract an increased number of health-conscious customers.

Packaged beer sales increased drastically as restaurants and bars began offering alcohol on the go due to the COVID-19 pandemic. The surge in demand for alcoholic products through off-premise locations, such as supermarkets, hypermarkets, and departmental stores, led to high demand for metal cans.

With an increase in health consciousness among consumers owing to the COVID-19 outbreak, the consumption of healthy foods and beverages increased, which, in turn, augmented the sales for functional and energy drinks. This, in turn, supported the overall market growth.

Browse Through Grand View Research's Plastics, Polymers And Resins Industry Research Reports.

• Pouches Market: The global pouches market size was valued at USD 36.44 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2028. Rising demand for packaged food and beverages coupled with the convenience of use and cost-effectiveness of pouches are primary factors driving the market growth.

• Polyvinyl Alcohol Films Market: The global polyvinyl alcohol films market size was valued at USD 367.3 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. The increase in waste disposal problems coupled with stringent environmental regulations is driving the need for biodegradable raw materials in the packaging industry.

Beverage Cans Market Segmentation

Grand View Research has segmented the global beverage cans market on the basis of material, application, and region:

Beverage Cans Material Outlook (Volume, Million Cans; Revenue, USD Million, 2017 - 2028)

• Aluminum

• Steel

Beverage Cans Application Outlook (Volume, Million Cans; Revenue, USD Million, 2017 - 2028)

• Carbonated Soft Drinks

• Alcoholic Beverages

• Fruit & Vegetable Juices

• Others

Beverage Cans Regional Outlook (Volume, Million Cans; Revenue, USD Million, 2017 - 2028)

• North America