Beverage Cans Market Size, Share & Trends Analysis Report By Material (Aluminum, Steel), By Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruits & Vegetable Juices), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the beverage cans market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for beverage cans market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of beverage cans market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Beverage Cans Market Categorization:

The beverage cans market was categorized into three segments, namely material (Aluminum, Steel), application (Carbonated Soft Drinks, Alcoholic Beverages, Fruits & Vegetable Juices), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The beverage cans market was segmented into material, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The beverage cans market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fourty countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; Italy; Spain; Russia; Benelux; Bulgaria; Czech Republic; Poland; Hungary; China; India; Japan; South Korea; Australia; Kazakhstan; Uzbekistan; Tajikastan; Indonesia; Thailand; Brazil; Argentina; Peru; Chile; Colombia; Saudi Arabia; South Africa; Ghana; Nigeria; Kenya; Mauritius; Egypt; Iran; Kuwait; Israel; UAE.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Beverage cans market companies & financials:

The beverage cans market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Mahmood Saeed Beverage Cans & Ends Industry Company Limited , Established in 2010, Mahmood Saeed Beverage Cans & Ends Industry Company Limited is a Jeddah, Saudi Arabia-based firm. It’s part of the Mahmood Saeed Group of Companies and specializes in manufacturing aluminum beverage cans and easy open-end cans for beverages, soft drinks, and juice filling. The company operates two production lines in its Saudi Arabian plant, manufacturing beverage cans of various sizes and slender traditional cans for soft drinks. It also produces sleek cans of 355ml and 330ml, and slim cans of 250ml, 185ml, and 150ml. With an annual production capacity of 850 million cans and 8.5 billion easy open can ends, the company utilizes state-of-the-art technology, including CDL technology, robotics, and vision inspection systems. The plant’s management systems are internationally certified for health and safety (OHSAS 18001), food safety (FSSC 22000), environmental standards (ISO 14001), and quality (ISO 9001). Mahmood Saeed Beverage Cans & Ends Industry Company Limited exports its products globally, demonstrating its reach and influence in the beverage can industry.

• Kian Joo Can Factory Berhad , Established in 1956, Kian Joo Can Factory Berhad, a subsidiary of Can-One Berhad, is a Malaysia-based company specializing in the production and distribution of various types of cans and corrugated cartons. The company, headquartered in Selangor, also provides contract packing services for milk powder and beverages. Its operations are divided into four key divisions: Metal Cans, Aluminum Cans, Corrugated Cartons, and OEM Packaging Services. Kian Joo is known for its ability to provide packaging solutions that ensure convenience and security for food and consumer products. The company’s commitment to quality is reflected in its ISO 9001:2015 certification, along with certifications for Good Manufacturing Practices, Hazard Analysis and Critical Control Point (HACCP), and ISO 9001:2008. Kian Joo has manufacturing facilities in Malaysia, Vietnam, and Myanmar, and sales and marketing offices in Singapore. This global presence allows the company to effectively serve a wide range of customers.

• SWAN Industries (Thailand) Company Limited , Established in 1965, SWAN Industries (Thailand) Company Limited is a leading provider of metal packaging products and high oxygen barrier plastic containers. Based in Samutprakarn, Thailand, the company’s product portfolio includes a wide variety of metal cans such as those for seafood, powdered milk, aerosols, beverages, fruits and vegetables, and general cans with easy open ends and stay on tabs ends. In collaboration with TOYO SEIKAN KAISHA, LTD., JAPAN, SWAN Industries has ventured into the production of two-piece beverage cans. The company boasts a production capacity of up to 900 cans per minute, supported by an online quality inspection system. In addition, it offers a post-lacquer repairing system to enhance the quality of cans used for high-standard products like fruit juices and energy drinks. With five manufacturing plants within Thailand and a workforce of over 1,600 as of 2020, SWAN Industries continues to uphold its commitment to quality and innovation in the packaging industry.

• GZ Industries Limited, Founded in 2006, GZ Industries Limited is a privately owned company based in Ogun state, Nigeria. It specializes in the manufacturing and development of aluminum beverage cans used in various applications such as fruit juices, carbonated drinks, and energy drinks. Recognized as one of West Africa’s leading aluminum can manufacturers, the company is rapidly expanding its footprint to sub-Saharan Africa. GZ Industries is an indigenous company, backed by a group of investors including Verod Capital Management and Standard Chartered Private Equity. With operations in Nigeria and South Africa, the company produces approximately three billion beverage cans annually. Its manufacturing facilities in Aba and Agbara, Nigeria, and Germiston, South Africa, have a production capacity of 1.8 billion and 1.2 billion cans per annum, respectively. The company sources state-of-the-art equipment from Europe and the U.S. to ensure best-in-class manufacturing processes and a high-speed beverage line. GZ Industries is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified, reflecting its commitment to quality, environment, and health and safety standards. As of 2020, the company employs 250 personnel, comprising both Nigerian and expatriate staff.

• Toyo Seikan Co., Ltd , Established in 1917, Toyo Seikan Co., Ltd is a Tokyo-based company that operates as a packaging business segment of Toyo Seikan Group Holdings Ltd. The company’s core operations encompass the development, design, manufacture, and sale of packaging containers made from plastic, metal, and composite materials. It also sells food packaging machinery, packaging systems, and provides technical services. Toyo Seikan offers a range of packaging solutions for beverages, food, lifestyle and household products, and industrial-use cans. Its beverage packaging solutions include cans and pet bottles, while its food packaging solutions comprise cans, plastic bottles, cups, and pouches. The company also provides packaging solutions for lifestyle and household products, which include plastic bottles, pouches, and aerosol cans. With 14 manufacturing plants across Japan and facilities in China, Thailand, Vietnam, and Myanmar, Toyo Seikan has a strong global presence. As of April 2020, the company employed 2,621 personnel.

• BALL CORPORATION , Ball Corporation, a public company listed on the NYSE under the symbol BLL, was established in 1880 and is based in Colorado, USA. It operates in two main sectors: packaging and aerospace. The packaging sector caters to various industries such as food & beverage, personal care, automotive, paint, healthcare, and household, offering solutions like aluminum packaging and beverage cans. The aerospace sector serves defense & intelligence, space, commercial, science, data services, and engineering industries. The company has a presence in 100 locations worldwide, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Its global metal beverage business, which includes around 75 manufacturing facilities and joint ventures, operates in countries like Canada, Brazil, Chile, Italy, Spain, Germany, the UK, Egypt, India, Thailand, and more. As of 2020, Ball Corporation employed 21,500 people globally, inclusive of its subsidiaries.

• Orora Packaging Australia Pty Ltd , Orora Packaging Australia Pty Ltd, established in 2013 and based in Melbourne, is a manufacturer and distributor of tailored packaging products and services. It was formed from a demerger with Amcor plc, a global packaging giant. Orora offers a range of packaging solutions, including beverage cans, glass bottles, cartons, recycled paper, corrugated boxes, and multi-wallpaper bags. It also provides services like product sourcing, packing & filling, distribution, printing, innovation & design, digital technology, and warehousing optimization. The company operates in two segments: Orora Australasia and Orora North America. The Australasia segment focuses on fiber and beverage packaging solutions, while the North America segment includes corrugated board manufacturing and other packaging solutions. Orora has a broad presence with 19 manufacturing plants across North America, Australia, and New Zealand, 2 distribution sites, and 55 solution centers throughout Asia and North America. Its beverage can manufacturing facilities are located in various parts of Australia and New Zealand. As of 2020, Orora employed 3,800 individuals.

• The Olayan Group , Established in 1947, The Olayan Group is a private multinational enterprise based in Riyadh, Saudi Arabia. It has a diverse range of industrial and commercial operations in Saudi Arabia and the Middle East, managed by the Riyadh-based Olayan Financing Company. The group is composed of over 40 companies, some of which are wholly owned, while others operate in collaboration with major multinationals or regional firms. Some of these companies also operate in other Gulf countries and the Middle East. The Olayan Group’s business operations span various sectors, including equipment & services, construction, fast-moving consumer goods, healthcare, investment & real estate, and food franchising. It has offices in Saudi Arabia, the U.S., and Europe, with its portfolio primarily focused on Europe, North America, the Middle East, and Asia. As of 2020, The Olayan Group employed over 35,000 individuals.

• Crown Holdings, Inc , Crown Holdings, Inc., a public company trading on the NYSE under the symbol CCK, was founded in 1892 and is based in Pennsylvania, USA. It specializes in the design, manufacture, and sale of packaging products and equipment for consumer goods and industrial products. Its product range includes beverage cans, food cans, aerosol cans, and various other packaging components. The company provides packaging solutions for consumer goods, including aluminum and steel cans for beverages, household items, food, and other consumer products. It also offers metal vacuum closures, steel crowns, and glass bottles for beverage products. These are sold to various industries, including brewing, food, citrus, soft drinks, personal care, and household. For industrial products, Crown Holdings offers plastic film consumables and equipment, paper-based protective packaging, and plastic and steel consumables. These are sold to industries like agriculture, construction, food & beverage, metals, and corrugated. The company supplies packaging products to several beer and beverage companies, including The Coca-Cola Company, Heineken, Anheuser-Busch InBev, Keurig Dr Pepper, Molson Coors, Pepsi-Cola, and Refresco. As of December 2020, it operated 236 plants in 47 countries and employed around 33,000 people. The company generates 69% of its revenue outside the U.S., with the majority coming from Europe, the Middle East, Central & South America, and Asia Pacific.

• Bangkok Can Manufacturing , Founded in 1988 and based in Thanyaburi, Thailand, Bangkok Can Manufacturing is a company that specializes in the production of beverage cans and lids. It caters to numerous beverage producers across the nation. The establishment of the company was facilitated through a joint venture agreement with Crown Seal Public Company Limited, a prominent packaging material producer in Thailand, and several local beverage manufacturers such as Serm Suk Public Company Ltd., Thai Namthip Company Ltd., Green Spot Company Ltd., and Boonrawd Brewery Company Ltd. The company’s product portfolio includes aluminum cans and can lids. The beverage cans are manufactured using a forming technology known as stamping and wall ironing, hence they are referred to as Drawing and Wall Ironing (DI) cans. The can lids come in two variants - Stay On Tab (SOT) lids and ring pull lids, both used for sealing beverage cans. Bangkok Can Manufacturing has been awarded the ISO 9001:2008 Quality Management System Certification, GMP/HACCP Management System Standard, and FSSC22000:2011 Management System Standard from Bureau Veritas, reflecting its commitment to quality and safety standards.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Beverage Cans Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2020, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Beverage Cans Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.