The scope of our recent study on "Beverage Metal Cans Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Material (Aluminum and Steel) and Application (Carbonated Soft Drinks, Alcoholic Drinks, Fruit and Vegetable Juices, and Others)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The beverage metal cans market is projected to reach US$ 47,852.42 million by 2028 from US$ 34,363.14 million in 2022; it is expected to grow at a CAGR of 5.7% during 2022-2028. Metal cans' recyclable features are boosting the industry since manufacturing items from recycled metals requires less energy, decreases carbon emissions, and uses less water than raw materials. According to Waste Care Corporation, recycled aluminum cans alone produce nearly US$ 800 million worth of aluminum per year. Key players are making recycling aluminium sustainable. North America and Europe have some of the largest global alcohol consumption, with wine being the most common type of alcoholic beverage consumed. While glass and plastic packaging have been widely used for many years, metal is becoming increasingly popular in areas outside the traditional market. Craft beers are prime instances due to which brewers realized that metal cans do not harm the flavor of the beer.

Many international corporations working in beverage manufacturing have a substantial presence in the manufacturing of beverage metal cans. Canpack and Ardagh Group S.A. are among the key players in the beverage metal cans industry. Manufacturers in the area are investing heavily in beverage metal cans research and development and product development, which is projected to drive the beverage metal cans market during the forecast period.

Based on material, the global beverage metal cans market is segmented into aluminum and steel. The aluminum segment held a larger share of the market in 2021. Metal containers are becoming increasingly popular due to rising environmental and sustainability concerns. As metal is a permanent material, it may be recycled several times without degrading quality. According to The Aluminum Association, 45.2% aluminum cans were recycled in 2020 and are expected to achieve 70% recycling capacity by 2030, more than any other type of container. As a result, aluminum cans are regarded as one of the most cost-effective packaging solutions for beverages and personal care products.

The global beverage metal cans market is segmented into five main regions- North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. In 2021, North America accounted for the largest share of the market. The market in Asia Pacific is expected to grow at the highest growth rate over forecast period. Many Asia Pacific countries, such as China and India, have world's fastest-growing populations. The food & beverages industry is one of the rapidly growing industries in the region. Moreover, the rapidly growing alcoholic drinks market in the region is propelling the demand for beverage metal cans.

Impact of COVID-19 Pandemic on Beverage Metal Cans Market

With the COVID-19 outbreak across the world, most countries declared a health emergency and stopped nonessential movements. The shutdown of manufacturing units and the distribution facilities, such as supermarkets and hypermarkets, convenience, and specialty stores, declined the demand for packaging solutions, which, in turn, restrained the beverage metal cans market. During the initial stages of the COVID-19 pandemic, the beverage metal cans manufacturers were forced to scale back or halt the production temporarily, which had a major impact on the market. However, businesses are gaining ground as the governments of various countries eased out the previously imposed restrictions. Moreover, the food & beverages industry has collaterally grown across the world post recovery of production disruptions. As the production of beverages regained pre-pandemic figures and is growing continuously, the beverage metal cans market is expected to grow consistently during the forecast period.

The report includes the segmentation of the global beverage metal cans market as follows:

By material, the beverage metal cans market is segmented into aluminum and steel. By application, the market is segmented into carbonated soft drinks, alcoholic drinks, fruit and vegetable juices, and others. By geography, the beverage metal cans market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The beverage metal cans market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The beverage metal cans market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the rest of MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the rest of South and Central America.

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