The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing beverage consumption is likely to promote innovation in beverage can production, propelling the market during the forecast period.

The global beverage can market 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 global beverage can market size is expected to reach $39.61 billion in 2027 at a CAGR of 5.2%.

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Global Beverage Can Market Segments Include:

• By Material: Steel, Aluminum, Other Materials
• By Structure: Two Piece Can, Three Piece Can
• By Can Coating: Epoxy, Polyester, Vinyl, Other Can coatings
• By Application: Non-Alcoholic Beverage, Alcoholic Beverage, Sports And Energy Drinks, Fruit Based Drinks, Carbonated Soft Drinks, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global beverage can market in 2021.

Major Market Players in the beverage can market include Crown Holdings Inc., Ardagh Group S.A., CPMC Holdings Limited, Toyo Seikan Group Holdings, Can-Pack S.A., Ball Corporation, Envases Universales, GZ Industries, Showa Denko K.K.

Product innovation is a prevalent trend in the beverage can market. Major market players are focusing their efforts on developing novel products in order to strengthen their market position. Ardagh Metal Packaging (AMP), a Luxembourg-based producer of sustainable, infinitely recyclable metal beverage cans to brand owners, unveiled a 19.2oz beverage can developed for beverage brand customers in January 2023. To address increased demand in the single-serve channel, the new can allows consumers to choose between the more traditional sizes of 16 oz and 24 oz. The packaging will enable companies to expand into new product categories such as water, hard seltzer, beer, and cider.

The Beverage Can Global Market Report 2023  provides a beverage can market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The beverage can market forecast analyzes beverage can market size, beverage can market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A beverage can also refer to a metal container designed to hold a single serving of a beverage and protect it from oxygen and light. Beverage cans keep oxygen out and carbonation in, preserving beverage freshness.

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