Beer Cans Market 2021 Comprehensive Insights- Crown Holdings, Inc., Ball Corporation, among others

The “Beer Cans Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The Beer Cans Market is expected to register a CAGR of 3% during the forecast period (2020 - 2025).

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Beer Cans market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Beer Cans Market: Crown Holdings, Inc., Ball Corporation, among others

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Industry News and Developments:

- June 2019 - Corona beer launched interlocking cans to replace six-pack rings. The design and campaign for this new Fit Packs is a collaboration between the maker of Corona and the United States advertising company Leo Burnett. Also because of the portable nature of the interlocking cans, it wont be necessary to use plastic bags to carry them.

- Mar 2020 - Aiming to appeal to the local consumers and also increase its brand presence, a Brazil-based craft beer brand Bierland converted 100% of its product portfolio to be packaged in the beverage cans in collaboration with Crown Embalagens Metlicas da Amaznia S.A., which is a subsidiary of Crown Holdings, Inc.

Key Market Trends

Aluminium is Expected to Hold the Largest Market Share

- With the increasing production of craft beer, the demand for canned aluminum beer is increasing and according to the Brewers Association, the number of breweries in the United States has grown to approximately 8,386 and many of those breweries are moving to aluminum because its cheaper, has better shielding properties for beer, and has a smaller environmental footprint.

- Presently, 12-ounce is still the predominant size on the market, but the 16-ounce has shown some tremendous growth throughout the last few years in the aluminium can segment.

- Alcon launches BRAUS craft beer in cans and has partnered with Ball Corporation. Beer in cans grew 7% in Russia (2017-2018) and following the popularity of convenient and stylish aluminum cans in the Russian market, BRAUS adds to 35% of new beer and cider launches in cans year to date.

- Aluminum cans have a higher global recycling rate at 69%, according to Resource Recycling Systems, while aluminum cans in the United States contain 68% recycled content compared to 3% for plastic bottles, according to the U.S. Environmental Protection Agency (EPA). This will enhance high rate of usage of aluminium can for craft beers.

- With the increasing consumption of craft beer across various regions, the beer cans market is witnessing a positive growth. Consumers are increasingly preferring craft beer brewed by both small and big breweries. Also, consumers are becoming increasingly clear on the fact that they want products that fit their lifestyle. According to Brewers Associaton, in the United States, the production of Craft Beers in 2019 was 34.6 million barrels as compared to 2018 having 32 million barrels. With increasing production of craft beers, the supply of cans especially aluminium cans will increase effectively.

Asia-Pacific Account for Significant Market Growth

- The Asia-Pacific beer cans market is primarily driven by changing cultural trends, the expanding population, growing urbanization, and the rising popularity of beer among the younger population.

- In this region, consumers are increasingly shifting toward gluten-free beers, which are made of millet, barley malt, corn, potato, rice, soybean, and sorghum. Also, beer consumption is growing at over 6 percent per annum in China, India, and Vietnam. Hence, the growing innovation in flavors and preparations is likely to drive the demand for beer which will increase the growth of beer cans.

- Heineken, an Amsterdam based company, increased its stake in Bangalore based United Breweries, which is Indias largest beer manufacturer, thereby offering high growth potential for the beer packaging industry in the country, which will raise the usage of beer cans.

- Japanese companies are striding up their business in Southeast Asia to cash in on the region's growth. This time they are pouring investment into food and beverage containers. Japans Showa Denko will invest about USD 64 million to boost its aluminum beverage can and can lid production capacity in Vietnam.

For a comprehensive understanding of market dynamics, the global Beer Cans market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Influence of the Beer Cans market report:

-Comprehensive assessment of all opportunities and risks in the Beer Cans market.

–Beer Cans market recent innovations and major events.

-Detailed study of business strategies for growth of the Beer Cans market-leading players.

-Conclusive study about the growth plot of Beer Cans market for forthcoming years.

-In-depth understanding of Beer Cans market-particular drivers, constraints, and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Beer Cans market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Beer Cans Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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