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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 12,003.05 Million |
| Market Size by 2028 | US$ 15,872.65 Million |
| 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 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:
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