Beverage Cans Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Beverage Cans market produced a volume of about 388.3 billion units in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a volume of about 463.7 billion units by 2027.

The global Beverage Cans industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing packaging demand from various beverage product sectors is driving the industry's growth. North America is the highest category spender by region, driving the need for the Beverage Cans industry.

Industry Definition and Segmentation

A beverage can, or drink can, is a container designed to accommodate a defined amount of liquid (one serving of a beverage), such as fruit juices, carbonated soft drinks, alcoholic beverages, energy drinks, herbal teas, teas, and so on. The Beverage Cans industry report comprises segments by material type (aluminium and tin), application (beer, CSD, energy drinks, still drinks, and others), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

North American Region is Driving the Growth of the Industry

North America holds a significant share in the industry as product consumption is high in the United States and Mexico. Additionally, North America is the region with the highest carbonated beverage consumption propelling the industry growth. Beverage producers' active marketing initiatives are also likely to have a favourable impact on the development of the beverage can industry.

The market is driven by the growing demand for portable packaging solutions by end-user industries. Factors such as rapid urbanisation, increasing population, and rise in disposable income paired with high expenditure on drinks are propelling the industry's growth. Furthermore, the use of metal's physical qualities, Easy labelling and printing on the metal surface, great malleability, and design are gaining traction, further boosting sales in the sector. Moreover, The growing popularity of beverages with natural, low-calorie, and low-sugar ingredients like stevia due to the rising health-consciousness among consumers is likely to further the market growth. In addition, the introduction of fruit juices and sports drinks and rising demand for Ready-to-Drink (RTD) products in can packaging are likely to expand the market growth. Also, with the wide and easy availability of alcoholic beverage assortments paired with expanding distribution channels and new product releases, the market is likely to witness growth.

Best Procurement Practices

The global Beverage Cans industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Beverage Cans regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Modern cans are usually made by punching a flat blank from a rigid cold-rolled sheet. This sheet is usually made of an alloy of aluminium and is about to provide strength and formability. First, the flat blank is shaped into a three-inch-diameter cup. Next, the can is formed by pushing the cup through a second forming process known as "ironing." At this point, the bottom of the can is likewise included. The flexible metal deforms into an open-top can shape. The side of the product is thinner than the top and bottom portions, where rigidity is required, thanks to the superior technology of the dies and forming machinery. Plain lids (also known as shells) are stamped from a coil of aluminium and then transported to another press, converted to easy-open ends. A conversion press makes an integrated rivet button in the lid and scores the opening while simultaneously making the tabs in another die from a separate aluminium strip.

Product Developments by Manufacturers, Further Augmenting the Procurement of Beverage Cans

The industry is being aided by the growing preference for Aluminum cans due to a spike in demand for environmentally friendly packaging alternatives. These cans can also be personalised in terms of colours and 3D printing and embossed to make them more attractive to buyers, which is likely to boost the market growth. Furthermore, developing technologies to manufacture re-closable beverage cans to improve product performance and rising consumer demand for plastic-free containers are likely to increase demand further. Other product improvements by manufacturers like combining thermochromic, photochromic, glow-in-the-dark, and reveal technologies into solvent inks to attract more consumers are likely to impact the market positively.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Beverage Cans Industry Report

• Ball Corporation
• Crown Holdings, Inc.
• Ardagh Group S.A.
• Canpack S.A.
• CMPC Holdings Ltd.

Market Landscape

With many worldwide enterprises, the global market is highly fragmented. The market follows competitive prices, technological breakthroughs, and new packaging solutions to achieve a competitive edge. The Beverage Cans Market's primary tactics are product launches, mergers and acquisitions, joint ventures, and regional growth. Furthermore, new product releases and manufacturing expansion in places where sustainability consciousness is growing are two effective business tactics these firms use to expand their product range and meet expanding demand.

Key Initiatives by Companies

• After ten months of planning, CANPACK, a global maker of aluminium beverage cans, commenced production at its greenfield site in Stbro, Czech Republic. The factory, which cost US$ 117.5 million to build, has a capacity of 1 billion cans per year.
• CrownSmart has unveiled a new packaging concept. Brand owners from North America to Europe may develop innovative bespoke packaging that offers a wide range of content and experiences using the AR codes included in the box.