"Overview of Beer Cans Market"
Global Beer Can Market was valued at US$ XX Bn in 2018 and it is anticipated to witness a CAGR of 3.4% during the forecast period (2019 to 2027)
Increasing consumption of craft beer across various regions coupled with recreational and environmental benefits are major factors driving the beer cans market growth. Customers are inclined towards craft beer brewed by both small and large breweries. Increasing the production of craft beers globally is proliferating the demand for beer cans market especially aluminum cans. As per Brewers Association, in the US, in 2018, the production of craft beers accounted to be 25.9 Mn barrels as compared to 25.1 Mn barrels in 2017.
Beer cans offer a combination of benefits including easy transportability, and recyclability among others. The recreational and environmental benefits offered such as cans are permitted at many places whereas bottles are not in areas including beaches, pools, parks, campgrounds, and boats among others. Additionally, beer cans are 100% recyclable and can be recycled indefinitely. These benefits contribute to the growth of the beer cans market across the globe.
In addition to this, the rise in production and consumption of alcoholic beverages is driving the beer cans market growth. Nowadays, brand owners are increasingly introducing premium craft beers that have augmented the market by 3-4% and are increasingly using beer cans as an advertising tool. However, the preference of customers for wine and other alcoholic beverages might hinder the market growth owing to the increasing affordability of liquor and wine products.
Aluminum Accounted For The Key Share In The Global Beer Can Market In 2018.
The aluminum segment accounted for the highest share in the market in 2018 owing to its lightweight, high molding abilities, and increasing production of craft beers among others. The aluminum segment accounts for more than 60% of the volume sold globally. Increasing recycling programs and stringent government regulations owing to concerns regarding depletion of natural resources are the factors further proliferating the demand for beer cans market.
As per beverage trends in packaging and processing operations, there is a significant increase in the number of microbreweries in the US which has grown more than 6000 and they are increasingly adopting aluminum cans due to the benefits offered by it such as low cost, better molding capabilities, less environmental footprint, and recyclability.
By Capacity, 500 Ml Accounted For The Major Share Of More Than 60% In Global Beer Can Market In 2018
The 500 ml or 16 ounces had the largest share in the global beer can market owing to the availability of premium and economy brands in places such as convenience stores, pubs, and clubs among others. The 500 ml segment had the highest share due to the increasing demand of beer cans in taprooms, and brewpubs worldwide. Changing consumer preferences and increasing young population in the emerging regions such as Asia Pacific, Latin America, Middle East, and Africa are further expected to support the segment growth during the forecast period.
On the other hand, the 330 ml segment is expected to expand at a rapid pace owing to the growing demand for alcohol among millennials. The increasing demand from emerging economies of Asia Pacific including China, and India among others due to rapid urbanization and the presence of major alcoholic manufacturers such as United Breweries, Carlsberg, B9 Beverages (Bira 91), among others in the region.
Demand For Beer Cans In Asia Pacific Region Is Anticipated To Augment Rapidly During The Forecast Period
Asia Pacific is projected to expand at a rapid pace during the forecast period owing to the changing cultural trends, rising urbanization, growing population, and popularity of beer among youth in the region A shift in consumer preference for gluten-free beer coupled with growing innovations in flavors and preparation are driving the demand of beer which in turn is boosting the demand for beer cans market. For instance, Heineken, an Amsterdam based company bought a stake in Bangalore based United Breweries, which is India’s one of the largest beer manufacturers. This in turn, offers high growth potential for beer packaging market in the country and bolster the demand for beer cans market.
In 2018, North America dominated the global beer can market. The rise in the consumption of beer coupled with BPA-free metal cans in the US is the key reason for regional dominance. In addition to this, rising concerns regarding the use and consumption of sustainable packaging materials are factors further boosting the market growth in the region.
Global beer can market is very competitive with the presence of a large number of global and local/regional manufacturers. Key manufacturers such as Toyo Seikan Group Holdings Ltd, Ball Corporation, Crown Holdings, Inc., Ardagh Group S.A., Cans-Pack S.A., Orora Packaging Australia Pty Ltd., CPMC Holdings Limited, Nampak Bevcan Limited., Daiwa Cans Co., Shenzhen Xin Yuheng Cans Co., Ltd, etc. account for significant market share in global beer can market. In the current scenario, North America and Asia Pacific are projected to account for more than half of the market share of the global beer can market due to high demand in these regions.
By Material Type:
By Product Type:
- 2 piece can
- 3 piece can
- 330 ml
- 500 ml
By Filling Method:
- Vacuum Filling
- Pressure Filling
- North America
- Latin America
- Asia Pacific
- Middle East and Africa