China Beverage Cans Market Size & Outlook, 2023-2030
China beverage cans market, 2018-2030 (US$M)
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China beverage cans market highlights
- The China beverage cans market generated a revenue of USD 3,925.8 million in 2023 and is expected to reach USD 5,968.9 million by 2030.
- The China market is expected to grow at a CAGR of 6.2% 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 3,925.8 million |
| Market revenue in 2030 | USD 5,968.9 million |
| Growth rate | 6.2% (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, China accounted for 10.0% 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 Asia Pacific, China beverage cans market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 532.7 million by 2030.
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Beverage Cans Market Scope
Beverage Cans Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 39.61% in 2023. Horizon Databook has segmented the China 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 driving factors for the beverage cans market in China include rising disposable incomes, changing consumer lifestyles, growing awareness regarding health, advancements in manufacturing technologies, and the growth of the domestic aluminum industry.
The presence of major aluminum manufacturers, such as Aluminum Corporation of China Limited, Luneng Jinbei - Yuanping Alumina Refinery, Shandong Weiqiao Aluminum and Power Co., Ltd., and Shandong Xinfa Aluminium Group, in the country has led to an abundance in the supply of the metal, thus making it available at affordable prices for the manufacturers of beverage cans.
The recycling rate of metal in the country is quite low compared to that in developed economies; however, it does not have a considerable effect on the beverage cans market, as the demand is met by the production of low-cost virgin aluminum produced in the country.
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Our clientele includes a mix of beverage cans market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China beverage cans market , including forecasts for subscribers. This country databook contains high-level insights into China beverage cans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China beverage cans market size, by product, 2018-2030 (US$M)
China Beverage Cans Market Outlook Share, 2023 & 2030 (US$M)
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