Canada Beverage Cans Market Size & Outlook, 2023-2030
Canada beverage cans market, 2018-2030 (US$M)
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Canada beverage cans market highlights
- The Canada beverage cans market generated a revenue of USD 857.1 million in 2023 and is expected to reach USD 1,191.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, alcoholic beverages was the largest revenue generating product in 2023.
- Fruits & Vegetable Juices is the most lucrative product segment registering the fastest growth during the forecast period.
Beverage cans market data book summary
| Market revenue in 2023 | USD 857.1 million |
| Market revenue in 2030 | USD 1,191.3 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Alcoholic beverages |
| Fastest growing segment | Fruits & Vegetable Juices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbonated Soft Drinks, Alcoholic Beverages, Fruits & Vegetable Juices |
| Key market players worldwide | Ball Corp, Crown Holdings Inc, Ardagh Metal Packaging SA Ordinary Shares, Toyo Seikan Group Holdings Ltd, CANPACK, Kian Joo Can Factory |
Other key industry trends
- In terms of revenue, Canada accounted for 2.2% of the global beverage cans market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. beverage cans market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 2,217.9 million by 2030.
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Beverage Cans Market Scope
Beverage Cans Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada beverage cans market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to beverage cans market will help companies and investors design strategic landscapes.
Alcoholic beverages was the largest segment with a revenue share of 38.4% in 2023. Horizon Databook has segmented the Canada beverage cans market based on carbonated soft drinks, alcoholic beverages, fruits & vegetable juices covering the revenue growth of each sub-segment from 2018 to 2030.
The efforts by the government to collect aluminum waste and the presence of a large number of aluminum recycling manufacturers in the country are expected to boost the availability of metal for manufacturing beverage cans.
In December 2023, Rio Tinto and Giampaolo Group completed a transaction to form the Matalco joint venture, to meet the growing demand from manufacturers for low-carbon materials. The joint venture will enable Rio Tinto to provide a broader range of high-quality and low-carbon, primary, recycled, and blended aluminum products.
The investment will expand Rio Tinto’s aluminum business into Canada, where the demand for recycled aluminum is increasing, driven by the transportation, construction, and packaging sectors.
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Our clientele includes a mix of beverage cans market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada beverage cans market , including forecasts for subscribers. This country databook contains high-level insights into Canada beverage cans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada beverage cans market size, by product, 2018-2030 (US$M)
Canada Beverage Cans Market Outlook Share, 2023 & 2030 (US$M)
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