Beer Cans Market Size, Share, and Industry Analysis By Material (Aluminum, Steel & Tinplate, and Plastic), By Capacity (Below 300 ml, 300-500ml, and Above 500ml), By Type (Two-piece Cans and Three-piece Cans), and Regional Forecast, 2024-2032

Continuous economic growth and rising disposable income have led to an increase in the global consumption of beer. The growing awareness of the benefits of consuming the standard amount of beer, such as improved blood sugar control and lower dementia risk, among others, is contributing to the growth of the beer cans market. Furthermore, changing consumer demands and the high demand for flavored beer among the growing and aged generation are majorly driving the expansion of this market.

• According to the Brewers of Europe organization, beer production in the European Union was 34.2 billion liters in 2021, higher than the production of 2020, which was valued at 34.1 billion liters, and consumption was also slightly up in 2021, to 30 billion liters, from 29.7 billion liters in 2020. Thus, the increasing production and consumption of beer are increasing the demand for beer cans in the market.

Urbanization has surged in emerging nations, and that has exposed the population to different alcoholic beverages. The changing lifestyle and increased consumption of beer among the younger generation are part of the trend and are enhancing the growth of the beer cans market. In addition, the convenience offered by cans and the high demand for single-served packages are increasing the demand in this market. The rising demand for sustainable and recyclable packaging is one of the primary driving factors of the beer cans market.

Beer cans have several benefits but have some significant disadvantages, as they cannot be reused, leading to increased packaging waste and restricted market growth. The cans are generally made from metal such as aluminum, steel, and tinplate, and the rising cost and irregularity in the prices of these materials are hampering the growth of the beer cans market. Moreover, the presence of a wide variety of alcoholic and flavored beverages in the market as a substitute for beer is impeding the growth of this market.

During the COVID-19 pandemic, the market saw a declining demand for beer as people were consuming more healthy products, which led to the reduced consumption of alcoholic beverages. The temporary ban on pubs, restaurants, and liquor shops also led to the negative growth of the beer cans market during the period.

SEGMENTATION

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Beer Cans Market


• Key Industry Trends


• Regulatory Landscape for the Beer Cans Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Beer Cans Market

ANALYSIS BY MATERIAL

Based on material, the market is segmented into aluminum, steel & tinplate, and plastic.

The aluminum segment leads the beer cans market. Aluminum packaging has less weight, is less expensive, and is easy to handle compared to other materials. Furthermore, the unmatched combination of lightweight, high recyclability, and high strength of the material drives the segment growth.

ANALYSIS BY CAPACITY

Based on capacity, the below 300 ml, 300- 500ml, and above 500ml.

The 300-500ml segment dominates the beer cans market. In most of the countries, the standard size of the cans ranges between 300 and 500ml, contributing to the growth of this segment.

ANALYSIS BY TYPE

Based on type, the market is segmented into two-piece cans and three-piece cans.

The two-piece cans segment holds the largest share of the beer cans market. The outstanding sealing properties and fewer seams, leading to fewer potential weak points, are contributing to the growth of this segment. These cans are tightly sealed with less consumption of raw materials and can be printed and decorated easily, having an advantage over 3-piece cans.

REGIONAL ANALYSIS

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The beer cans market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia Pacific is the dominating and fastest-growing region of the beer cans market. The growing population and presence of the largest beer-consuming countries, such as India, China, and Japan, are driving the growth of this region.

The Europe market is growing at a significant rate during the analysis period. The demand for high-quality beers and the presence of one of the largest beer-producing countries, such as Germany, is boosting the growth of this region.

The North America markt is experiencing lucrative growth due to the rising demand for flavored beers among the younger generation. The Latin America market is experiencing moderate growth due to changing lifestyles and rising disposable income in the region.

The Middle East & Africa market is witnessing steady growth due to the growing demand for diverse flavors.

KEY PLAYERS COVERED

The report includes the profiles of key players such as Crown Holdings, Inc., Ball Corporation, Can-Pack S.A., Orora Packaging Australia Pty Ltd, ArdaghGroup S.A, Scan Holdings, Envases Universales, PackFine, Nampak Bevcan Limited, and Toyo Seikan Group Holdings Ltd.

KEY INDUSTRY DEVELOPMENTS

• In August 2023, Crown Holdings, Inc. announced the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility in Saarlouis, Germany. The acquisition would expand the footprint of Crown Holdings in the European region with approximately one billion units of annual can capacity.


• In January 2023, Ardagh Metal Packaging extended its beverage can portfolio by launching a new can size of 19.2 oz.(568ml) to support beverage brands. The new cans would serve the single-serve channel and offer cans between more traditional sizes of 16 oz. and 24 oz. to serve categories such as cider, beer, water, and hard seltzers, among others.


• In April 2022, Orora Packaging Australia Pty Ltd announced the capacity expansion through the investment of USD 85 million to its can business. This investment increases the capacity to meet the growing demand for cans in the non-alcoholic drinks, seltzer, and craft beer segment.