The global demand for Drink Cans Market is presumed to reach the market size of nearly USD 113.35 MN by 2028 from USD 60 MN in 2021 with a CAGR of 9.5% under the study period 2022 - 2028.
A drink can (also known as a beverage can) is a container that can carry a specific volume of liquid, such as carbonated soft drinks, alcoholic beverages, fruit juices, teas, herbal teas, energy drinks, etc. Aluminum or tin-plated steel is used to make beverage cans. Drink cans contain a vast, printable surface area on the inside that acts as a 360-degree billboard for brands on shelves, which is usually impossible with other packaging formats. Drink cans are prized for their mobility and convenience. They're lightweight and robust, so they're perfect for active lifestyles without the chance of breaking. Drink cans also freeze faster than other materials, allowing customers to enjoy their beverages more quickly. Among all beverage packaging materials, drink cans have the highest recycling rate.
Market Dynamics
The demand for drinks will be fueled by increased demand for sustainable products and environmental consciousness, and a rise in demand for convenient packaging. Due to changing consumer work habits worldwide, the market for drink cans will soon observe an upward trend. Rising family income, customer demand for higher quality and safety, and increased awareness of the importance of eating a balanced diet in various convenient transport formats are contributing to the market's expanding demand for drink cans. In the coming years, demand for fresh and organic beverage goods, particularly in the non-carbonated category, will fuel the potential expansion of drink cans. The increased consumption of non-alcoholic products among health-conscious customers will drive the demand for drink cans. Furthermore, the introduction of fruit juices and sports drinks and rising demand for Ready-to-Drink (RTD) products in can packaging are likely to boost the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of drink cans. The growth and trends of drink cans industry provide a holistic approach to this study.
Market Segmentation
This section of the drink cans market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Capacity
- Up To 200 Ml
- 201 - 450 Ml
- 451 - 700 Ml
- 701 - 1000 Ml
- More Than 1000 Ml
By Product Type
- 1 – Piece Cans
- 2 – Piece Cans
- 3 – Piece Cans
By Content
- Alcoholic Beverages
- Non-Alcoholic Beverages
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Drink Cans market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Drink Cans Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the drink cans market include Ab-InBev, Novelis Inc., Ball Corp., Crown Holdings Inc., Toyo Seikan Group Holdings Ltd., SHOWA DENKO K.K., Silgan Holdings Inc., Can Pack S.A., Cpmc Holdings Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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