North American Beer Can Market to see Rapid Growth by 2028
The North American beer can market is anticipated to showcase a considerable CAGR of 3.2% during the forecast period. The increasing consumption of beer across the region along with the high demand for innovation in the packaging of different types of beers is a key factor contributing to the growth of the beer can market in the region. The huge population base, with large population aged 15 years and above is another factor that is propelling the growth of the market in North America. In Canada, the consumption of beer is maximum with around 45% of the total consumption. The high preference of consumers towards beer consumption is promoting beer can manufacturers to produce beer cans in large volumes.
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The North American beer can market is segmented on the basis of packaging type. Based on the packaging type, the beer can market is segmented into the aluminum can and steel/ tin can. Aluminum can is anticipated to hold major market share based on the packaging type owing to its high recycling rate. Moreover, it is a sustainable material for beer packaging, thereby contributing towards the high share in the market segment. The US homes to the largest manufacturers of aluminum. American manufacturers produce nearly 100 billion aluminum beverage cans a year. The growth of aluminum can production volume in the country is anticipated to drive the growth of the aluminum can market in the region.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
· Inc., and others
Market Segmentation
North American Beer Can Market By Packaging Type
o Aluminium Can
o Steel/ Tin Can
Regional Analysis
o US
o Canada
Company Profiles
o Anheuser-Busch InBev
o Amcor Plc
o Ardagh Group S.A.
o Ball Corp.
o Crown Holdings, Inc.
o Kaufman Container Co.
o Mauser Packaging Solutions
o Metal Container Corp.
o Silgan Containers LLC
o Vessel Packaging Co.
The Report Covers
- A comprehensive research methodology of the North American beer can market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American beer can market.
- Insights about market determinants which are stimulating the North American beer can market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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