South Korea Beverage Cans Market Size & Outlook, 2023-2030
South Korea beverage cans market, 2018-2030 (US$M)
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South Korea beverage cans market highlights
- The South Korea beverage cans market generated a revenue of USD 492.0 million in 2023 and is expected to reach USD 681.4 million by 2030.
- The South Korea 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 492.0 million |
| Market revenue in 2030 | USD 681.4 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, South Korea accounted for 1.3% 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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South Korea 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 37.58% in 2023. Horizon Databook has segmented the South Korea 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.
Beverage companies in South Korea have been actively introducing new and innovative products packaged in cans to cater to the evolving tastes and preferences of consumers. This, in turn, is driving the growth of beverage cans market in the country.
This new product is a part of the continuous innovation in beer carried out by the company, including its premium beer, namely Kloud. In addition, Asahi Super Dry Nama Jokki Can, a popular draft beer product from Asahi Group, is set to make its debut in South Korea in May 2024.
This launch marks the first time this beer will be available outside Japan. Asahi Super Dry Nama Jokki Can is expected to generate significant interest among consumers in South Korea that appreciate high-quality draft beer.
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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 South Korea beverage cans market , including forecasts for subscribers. This country databook contains high-level insights into South Korea beverage cans market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea beverage cans market size, by product, 2018-2030 (US$M)
South Korea Beverage Cans Market Outlook Share, 2023 & 2030 (US$M)
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