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.
Asia Pacific Beverage Metal Cans Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Beverage Metal Cans Market Segmentation
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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 10,618.21 Million |
| Market Size by 2028 | US$ 16,154.98 Million |
| 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 |
|
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.
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