Latin America Beverage Cans Market Size & Outlook
Latin America beverage cans market, 2018-2030 (US$M)
Related Markets
Latin America beverage cans market highlights
- The Latin America beverage cans market generated a revenue of USD 4,281.9 million in 2023.
- The market is expected to grow at a CAGR of 4.9% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 4,281.9 million |
| Market revenue in 2030 | USD 5,989.6 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Alcoholic beverages |
| Fastest growing segment | Fruits & Vegetable Juices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 10.9% of the global beverage cans market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,822.4 million by 2030.
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Beverage Cans Market Scope
Beverage Cans Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 38.57% in 2023. Horizon Databook has segmented the Latin America 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 Central & South America accounted for the revenue share of 11.0% in 2023 in the global beverage cans market. The region is projected to exhibit significant growth over the estimated period owing to the rising middle-class population, especially in countries such as Brazil, Argentina, and Chile.
The countries are supporting the increasing consumption of beverages, such as carbonated soft drinks, alcoholic beverages, and functional beverages in the region, thereby creating favorable growth prospects for beverage can manufacturers in the region.
Moreover, sports such as football is widely followed in South American countries, particularly in countries, such as Brazil, Argentina, Uruguay, Chile, and Colombia, among others. During major tournaments and matches, fans often gather to watch the games in football arenas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America beverage cans market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America beverage cans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America beverage cans market size, by country, 2018-2030 (US$M)
Latin America Beverage Cans Market Outlook Share, 2023 & 2030 (US$M)
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