According to Future Market Insights research, during the projected period, beverage can ends market is set to enjoy a valuation of US$ 1.4 Bn in 2022, and further expand at a CAGR of 5% to reach US$ 2.3 Bn by the year 2032. The sales of beverage can ends market are projected to augment with the top 3 countries anticipated to hold approximately 25-30% of the market by the end of 2022.
In the beverage can ends market, the pull tab beverage can ends segment by product type is projected to hold approximately 53% of the market value share by the end of 2022. The reason behind the same is the high preference for optimum quality beverage can ends for various products.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 1.4 Billion |
| Market Size 2032 | US$ 2.3 Billion |
| Value CAGR (2022-2032) | 5.0% |
| Collective Value Share: Top 5 Companies (2022E) | 15 to 20% |
According to the FMI analysis, the beverage can ends market reached US$ 1.3 Bn in 2021. The global beverage can ends market is anticipated to reach US$ 2.3 Bn by the end of 2032, registering at a CAGR of 5% during 2022-2032. The demand for pull tab beverage can ends segment by the product type is projected to bolster with the top 3 countries holding 25-30% of the global beverage can ends market by the end of 2022.
The beverage can ends market is projected to bolster with its different types of uses. The beverage can ends offers good barrier against sunlight and oxygen, thereby, retaining the quality of the beverage. A new forecast by FMI analysis estimates that beverage can ends market sales will propel during the foreseeable period and is anticipated to create a growth opportunity of US$ 946.3 Mn.
The surge in demand for a good barrier against sunlight and oxygen thereby, retaining the quality of the beverage in various end-use industries is projected to augment the sales of beverage can ends market. The beverage can ends market is anticipated to expand 1.7 times the current market value during 2022-2032.
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The global beverage can ends market witnessed a growth rate of 4.3% during 2015-2021 and reached 1.3 Bn in 2021.
Beverage cans are used as the packaging format for non-alcoholic and alcoholic beverages, for instance, juices, soft drinks, beer, and soft drinks. The can ends to give a good barrier property counter to sunlight and oxygen, so holding the quality of the beverage. There are three types of beverage can ends used in beverage can ends markets pull tab, stay-on-tab, and full aperture. The beverage can ends market is based on the end-user requirement. Beverage can ends are made up of three types of metals, for instance, aluminium can ends, steel can ends, and tin can ends. The use of metals for manufacturing beverage can ends is more, the reason that all types of metal can ends are infinitely recyclable.
Different types of beverage can ends are appropriate for different beverage can products, it is depending on the product's nature. Beverage can end are available in different sizes to make sure a tight-fit beverage can and also available in different shape and sizes to suit the beverage can. The surge in demand for a good barrier against sunlight and oxygen thereby, retaining the quality of the beverage in various end-user industries. Beverage can ends play a major role in beverage product packaging so these are the factors that are increasing for beverage can ends market boosted in near future.
The increasing trade in the food and beverage sector is anticipated to make growth opportunities for the beverage can ends market. Also, the benefits offered by the beverage can ends market increased in popularity in various end-use industries. The global beverage can ends market is anticipated to boost during the forecast period owing to its various beneficial factors.
The increasing demand for beverages can ends because it gives good barrier properties and retains the quality of the beverage. In the food & beverages sector for the use of different types of beverage can ends used in beverage can packaging, and this drive the market fast over the forecast period. These types of beverages can end works as good barrier property counter to sunlight and oxygen.
The manufacturers have introduced new and innovative packaging in beverage can ends. The manufacturers of beverages can end provide an extensive range of beverage can ends such as user-friendly, colored, notched type, etc. Recently Crown launched Crown's 360 End beverage can ends with a full aperture end. Also, the big manufacturing industries are aiming on preferring better closing of the product on product packaging and it addresses the sustainability goals. The top key players have started innovations in product design and production capacity and to the demand, for instance.
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By product type, the pull tab beverage can segment is expected to hold the major portion of the global beverage can ends market. The pull tab beverage can ends market segment is projected to expand 1.5 times the current market value. Beverage can ends market increase traction among the end-users due to high production, good quality, reduced time, reduce labor cost, and increased accurateness.
The non-alcoholic segment is projected to grow at CAGR 5.4% during the forecast period.
There is rising demand for healthy beverages which contains natural ingredients. The demand for non-alcoholic drinks are increasing due to changing lifestyle, increasing disposable income are key factors driving the growth of the non-alcoholic beverages market. Consumption of non-alcoholic drives directly affects the sales of the beverage and can ends the market.
United Kingdom beverage can ends market is anticipated to grow 1.4 times of current market value by the end of 2032. UK has seen sustainable packaging growth in food and beverages due to increased intake in packaged food consumption, awareness, and demand for quality products. According to a data published by of Government of United Kingdom, Total consumer expenditure on food and drink has increased by 12.3% in 2021. The expenditure on alcoholic drinks has increased by 20%.
The beverage industry in U.K. is likely to create growth opportunities for the beverage can ends market.
The US beverage can ends market is projected to grow at CAGR 4.2% during the forecast period. The reason behind the same is the rising food and beverage sector, due to increased intake in packaged food consumption, awareness, and demand for quality products. According to the American Beverage Organisation, the non-alcoholic beverage industry plays an important role in the U.S. economy and 178 USD billion impact of these industry. Thus, the food and beverage sector in U.S. is likely to create growth opportunities for the beverage can ends market.
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The players involved in manufacturing beverage can ends are trying to focus on expanding their presence, product portfolio, capacity, and resources to meet the growing demand for packaging in various regions. The key players are adopting merger/acquisition and expansion strategies. Some of the latest developments are as follows –
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.0% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material Type, Product Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Ardagh Metal Packaging; Sonoco Products Company; Ball Corporation; Crown Holdings, Inc.; Silgan Holdings Inc.; Novelis; Helvetia Packaging; Mahmood Inc Ltd; Envases Universales de; Kian Joo Can Factory Berhad; SWAN Industries (Thailand) Company Limited; Toyo Seikan Group Holdings, Ltd.; Can Ends Packaging Limited; Hindustan Tin Works Ltd.; VM Can Industries Pvt. Ltd.; Qingdao Baixi Industry Co., Ltd.; Linyi Earnest Industrial Co.,Ltd. |
| Customization & Pricing | Available upon Request |
The global Beverage can ends market reached US$ 1.3 Bn in 2021.
The beverage can ends market expanded at a CAGR of 4.3% during 2016-2021.
By 2032, the global beverage can ends market is projected to reach US$ 2.3 Bn.
During 2022-2032, the global beverage can ends market is anticipated to register a CAGR of 5%.
The beverage can ends market is estimated to grow 1.7 times the current market value during the forecast period.
During the forecast period, the pull tab beverage can ends segment by the product type is likely to be the fastest-growing segment in the global beverage can ends market.
The good barrier properties and retains the quality of the beverage is increasing the demand for beverage can ends market.
Ardagh Metal Packaging, Sonoco Products Company, Ball Corporation, Crown Holdings, Inc., Silgan Holdings Inc., and Novelis, are the key players operating in the global beverage can ends market.
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Beverage Can Ends Market
