North America Beverage Metal Cans Market
The North America beverage metal cans market is expected to reach US$ 15,872.65 million by 2028 from US$ 12,003.05 million in 2022; it is estimated to grow at a CAGR of 4.8% from 2022 to 2028.
Carbonated soft drinks are made according to consumers' tastes and flavor preferences, and they also serve as functional beverages for health-conscious consumers. These drinks are popular among consumers due to the continuous launch of new flavors by manufacturers. The increased demand for clean-label, gluten-free, low-calorie, and low-carb goods has propelled the need for carbonated soft drinks. Metal cans are widely used as a packaging material for these drinks. Therefore, the increased demand for carbonated soft drinks fuels the North America beverage metal cans market growth. Consumers expect newly launched soft drinks to be free of long-term health-damaging ingredients and actively promote physical and mental fitness. Low-sugar soft drinks and products with stress-relieving effects are anticipated to remain popular among consumers in the coming years. The trend of healthy beverages has grown in popularity as the functional beverage industry has expanded, and customers' health consciousness has increased. The easy availability of low or zero-calorie beverages in the stores, such as at Walmart and convenience stores, has propelled the consumption of carbonated soft drinks. Therefore, the North America beverage metal cans market is expected to grow at a good CAGR during the forecast period.
North America Beverage Metal Cans Market Revenue and Forecast to 2028 (US$ Million)
North America Beverage Metal Cans Market Segmentation
The North America 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 North America 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 North America beverage metal cans market is segmented into the US, Mexico, and Canada. The US dominated the market in 2022.
Ball Corporation; Crown Holdings, Inc; Ardgh Group S.A; CANPACK; Orora Packing Australia Plt. Ltd; Amcor plc; Silgan Containers LLC; SHOWA DENKO K.K; and Envases Group are among the leading companies in the North America beverage metal cans market.
Strategic insights for the North America 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$ 12,003.05 Million |
| Market Size by 2028 | US$ 15,872.65 Million |
| Global CAGR (2022 - 2028) | 4.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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.
The North America Beverage Metal Cans Market is valued at US$ 12,003.05 Million in 2022, it is projected to reach US$ 15,872.65 Million by 2028.
As per our report North America Beverage Metal Cans Market, the market size is valued at US$ 12,003.05 Million in 2022, projecting it to reach US$ 15,872.65 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.
The North America 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 North America Beverage Metal Cans Market report:
The North America Beverage Metal Cans Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Beverage Metal Cans Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Beverage Metal Cans Market value chain can benefit from the information contained in a comprehensive market report.
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