Beverage Cans Market to reach $405 billion by 2021, says Beroe Inc

The global market for beverage cans (bevcans) is expected to grow at a CAGR of 3 - 4 percent until 2021, according to Beroe Inc, a procurement intelligence firm. The beverage cans industry is anticipated to see extraordinary development from the beer and energy drinks section in the next five years.

The demand for beverage cans is expected to grow the highest in Asia and MEA at a CAGR of 4 - 5 percent until 2022, and Asia alone is expected to grow at 5 - 6 percent CAGR, to nearly 131 billion units in 2021. There is a growing consumption of CSD (carbonated soft drinks) and beer in developing markets such as China, the Middle East, and India. However, a decline is observed in the CSD segment, which has a CAGR of -1 to 0 percent in the developed regions of NA and EU, which would influence the demand for a beverage can.

Beroe, which is based in North Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com

On the consumer end, the changing lifestyle of people and the increasing inclination for on-the-go food and drinks option acts as a major driver for the beverage can industry. On the supplier end, the lightweight feature of beverage cans has led to improved sustainability and a significant reduction in transportation and material costs.

Aluminum cans are increasingly seen as a sustainable packaging option due to their recyclability feature. Brazil and Japan have high recycling rates of about 98.2 percent and 82.5 percent respectively, with other markets also following the trend.

Key Findings:

• Specialty cans (slim) are expected to experience the highest growth of about 8 - 10 percent CAGR over the next five years owing to an increasing market maturity in energy drinks, premium water, juices, RTD beverages, etc.
• Globally, more than 90 percent of the beverage cans are made out of aluminum and only 10 percent are made from steel, which would contribute to the value growth in the beverage can market.
• Brexit could lead to changes in the trade scenario of the bevcan industry, given that the UK constitutes a large portion of the imports to Germany, France, and Canada.
• A major constraint in the beverage can industry is product substitution, in which larger packaging arrangements such as Kegs offered in 3 liters and 5-liter pack sizes are becoming increasingly popular in indoor parties and other occasions.
• The U.S. is the largest producer of beverage cans and exports more than 3 billion cans with Canada being the largest importer. It serves as a supply hub to the nearby smaller markets such as Guatemala and Costa Rica
• Increasing demand for specialty cans, which use lightweight sustainable materials and advanced printing techniques could lead to an increase in the price of a can.

The research methodology adopted for the report included:

• Experts with twenty years of domain experience
• Interaction with buyers
• Inputs from supply chain partners

The bevcan industry is consolidated with the supply base where only 4 players are controlling more than 80 percent of the market. This makes it difficult for smaller beverage manufacturers to utilize bevcans and they may prefer plastic bottles to increase their bargaining leverage.

The report also includes:

Market Analysis:

• Value Chain Analysis
• Global Market Outlook -  
• Current Market Size
• Demand - Supply Trends and Forecast
• Key End-use Industries
• Trade Dynamics
• Regional Market Outlook (U.S., Europe, and Asia) 
• Current Market Size
• Demand - Supply Trends and Forecast
• Trade Dynamics

Industry Analysis:

• Industry Outlook (North America, Europe, SA, and Asia) 
• Drivers and Constraints for the Industry
• Mergers & Acquisitions
• Innovations
• Porter’s Five Forces Analysis

Cost Analysis:

• Cost Model for Aluminum Beverage Cans

Supplier Analysis:

• M&As
• Capacity Expansions
• Supplier Market Share - Global
• Regional Capacity Share
• Key Global and Regional Suppliers
• Key Supplier’s Capability Analysis 
• Capacity
• Product Portfolio
• Detailed Supplier Profiling of the Top Five Global Suppliers
• SWOT Analysis for the Top Five Global Suppliers
• Financial Risk for Top Global Suppliers (if publicly listed)

Industry Best Practices:

• Industry Best Sourcing Practices for Aluminum Beverage Cans

About Beroe Inc.:

Beroe's unique business model involves providing market intelligence and analytics to the procurement teams of businesses across the globe. Beroe leverages its deep domain expertise in 300 + categories across 14 industries. It boasts of more than 80 of the Fortune 500 companies as its clients.

To learn more about Beroe Inc, please visit https://www.beroeinc.com

Media Contact:
Rob McMurtrie
rob.mcmurtrie@beroe-inc.com