The size of the global beer can market is forecast to grow to $19.14 billion by 2033, according to a study released by Towards Packaging, a sister company of Precedence Statistics.
Some of the keys to this increase are to be found in different factors, such as the dominance of Asia-Pacific, the growth of North America, which is expected to increase its pace in the period
Canned beer has dominated the market share and the 3-piece can segment grew at a significant rate during the forecast period and the most demanded package was 330 ml which dominated the market in 2023.
The beer cans market is focused on beer transportation, production and consumption, based on consumer preferences, which are driven by the cultural shift from the older to the younger generation. Along with these qualities, preventing UV rays and providing mobility due to its light weight are the main objectives of the market. Lower carbon emission and less use of energy resources for recycling have increased the demand for beer cans, driving the market growth.
The use of stainless steel and aluminum prolongs the shelf life of beer. Along with customization of beer cans, improvement in properties such as strength and durability increases the growth rate of the beer can market.
The major driving factors are increasing beer consumption among the younger generation due to high income and mobility of beer cans owing to their lightweight and instant consumption feature, which has driven the demand for beer cans market. The focus on sustainable packaging also boosts the market by attracting environmentally conscious driven market players. The cost-effective nature of cans facilitates the production and transportation of beer, which impacts the market growth.
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