Drink Cans Market to Expand by 2.3x through 2031, Over 3/5th of Sales to Come from Non-Alcoholic Beverages Sector: FMI

Rising consumer preference towards eco-friendly and sustainable packaging solutions owing to the growing concerns to curb carbon footprints is increasing continuously. Hence, as metal cans made of aluminum, and steel are recyclable, they are gaining immense traction, especially across the beverage industry. Rising consumer preference towards eco-friendly and sustainable packaging solutions owing to the growing concerns to curb carbon footprints is increasing continuously. Hence, as metal cans...

Rising consumer preference towards eco-friendly and sustainable packaging solutions owing to the growing concerns to curb carbon footprints is increasing continuously. Hence, as metal cans made of aluminum, and steel are recyclable, they are gaining immense traction, especially across the beverage industry.

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As per FMI, the drink cans market is estimated to expand at a robust CAGR of 8.5%, with sales expected to total 524 Bn units through 2021 & beyond. Further, rapid penetration and expansion of the food and beverage services are anticipated to create tremendous growth opportunities for drink can manufacturers.

For instance, as per the India Brand Equity Foundation (IBEF), by 2025, the fast-moving consumer goods (FMCG) market in India is estimated to expand by 200%. This will augment the sales of non-alcoholic beverages, consequently, propelling the demand for drink cans.

On the basis of content, the non-alcoholic beverage segment is projected to account for more than 63% of the overall sales in 2021. Increasing consumption of carbonated drinks, canned juice, tea & coffee, and energy drinks across the U.S., China, India, Japan, and others are the factors driving the growth in the segment.

"Surging adoption of novel printing technologies such as three-dimension (3D) printing owing to growing demand for customized manufacturing drink cans is expected boost the market. Hence, to capitalize on this trend, key manufacturers are focusing on providing customized packaging solutions as per customer requirements," says a FMI analyst.

Key Takeaways from Drink Cans Market Study

Key Drivers

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Competitive Landscape

The top five players in the global drink cans market are Ab-InBev, Novelis Inc., Ball Corp., Crown Holdings Inc., Toyo Seikan Group Holdings Ltd. These companies are expected to account for nearly 20% to 25% of the total sales in the market by 2021.

Leading manufacturers are focusing on capacity expansions and partnerships with other players to increase their product portfolio, product manufacturing capabilities, and global presence. For instance:

Some of the key players operating in the market profiled by FMI are:

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More Valuable Insights on Drink Cans Market

A new report published by FMI offers a detailed analysis of the global drink cans market, uncovering vital dynamics accelerating the market growth through 2021 and beyond. The survey reveals sales projections in drink cans market across several countries and regions with detailed segmentation:

By Capacity:

By Product Type:

By Content:

By Region:

Key Questions Covered in the Report

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