The Asia Pacific beverage metal cans market is expected to reach US$ 16,154.98 million by 2028 from US$ 10,618.21 million in 2022; it is estimated to grow at a CAGR of 7.2% from 2022 to 2028. Demand for canned cocktails and sparkling wines is increasing among people. Canned cocktail and sparkling wine manufacturers have taken the initiative to provide high-quality canned drinks that are convenient to drink and free of airborne contaminants. Consumers in developed countries have become health-conscious and choose low-alcohol flavored beverages. Manufacturers typically include a modest percentage of alcohol, ranging from 4% to 12%, and additional flavors, including lemon, cranberry, orange, and passion fruit, attracting health-conscious customers. As a result, low alcohol by volume (ABV) beverages has gained popularity. Consumers' preference for beverages in convenient packaging is projected to expand the use of canned alcoholic beverages in the coming years. Therefore, the Asia Pacific beverage metal cans market is expected to grow at a good CAGR during the forecast period.
The Asia Pacific beverage metal cans market is segmented on the basis of material, application, and country. Based on material, the market is bifurcated into aluminum and steel. The aluminum segment dominated the market in 2022. By application, the Asia Pacific beverage metal cans market is segmented into carbonated soft drinks, alcoholic drinks, fruit and vegetable juices, and others. The alcoholic drinks segment dominated the market in 2022. Based on country, the Asia Pacific beverage metal cans market is segmented into Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. China dominated the market in 2022.
Ball Corporation; Crown Holdings, Inc; Ardgh Group S.A; CANPACK; Orora Packing Australia Plt. Ltd; Amcor plc; and SHOWA DENKO K.K are among the leading companies in the Asia Pacific beverage metal cans market.
Strategic insights for the Asia Pacific Beverage Metal Cans provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 10,618.21 Million |
Market Size by 2028 | US$ 16,154.98 Million |
Global CAGR (2022 - 2028) | 7.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Material
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
The geographic scope of the Asia Pacific Beverage Metal Cans refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
1. Ball Corporation.
2. Crown Holdings, Inc.
3.Ardgh Group S.A.
4.CANPACK.
5.Orora Packing Australia Plt.Ltd.
6.Amcor plc.
7. SHOWA DENKO K.K.
The Asia Pacific Beverage Metal Cans Market is valued at US$ 10,618.21 Million in 2022, it is projected to reach US$ 16,154.98 Million by 2028.
As per our report Asia Pacific Beverage Metal Cans Market, the market size is valued at US$ 10,618.21 Million in 2022, projecting it to reach US$ 16,154.98 Million by 2028. This translates to a CAGR of approximately 7.2% during the forecast period.
The Asia Pacific Beverage Metal Cans Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Beverage Metal Cans Market report:
The Asia Pacific Beverage Metal Cans Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Beverage Metal Cans Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Beverage Metal Cans Market value chain can benefit from the information contained in a comprehensive market report.