News | Industry Updates Growth predicted in beverage cans market


According to the new market research report published by MarketsandMarkets, the beverage cans market size is estimated to account for a value of $23.7 billion in 2021 and is projected to grow at a rate of 5.6% from 2021, to reach a value of $31.2 billion by 2026. Factors such as the increasing demand


for recyclable packaging and lower cost of recycled cans than newly manufactured cans have supported the market growth of beverage cans.


Moreover, there is an increase in the use


of beverage cans for packaging of non- alcoholic beverages such as carbonated soft drinks, still water, and sparkling water. In addition, cans help and improve the appearance of beverages as well as increase their shelf life and maintain the freshness of the product, thereby maintaining the quality of the food. By material type, the aluminum segment


is expected to hold a higher share as compared to the steel, and PET segments Aluminum is seen as a very cost-


effective raw material used in the industry and can customise the packaging with colors, 3D prints, and embossing. Therefore, technological developments have led the manufacturers to remodel their strategies by using various sizes of cans, along with different shapes. Aluminum cans are also convenient to keep in the fridge and ovens, further leading to the segment holding a significant share in the overall market for


beverage cans. The non-alcoholic


beverages application


segment among the other beverage type is expected to hold one of the largest share in the beverage cans market, in terms of value, in 2021. The increase in consumption of


carbonated soft drinks in emerging economies like India and China has supported the growth of non-alcoholic beverages segment. Beverage cans prevent deterioration of carbonated soft drinks, which is usually seen if these drinks are packed in glass bottles. Moreover, increasing health awareness


has led to the growth in demand for energy and sports drinks. These drinks are commonly consumed on regular basis by young population. These factors are fuelling the growth of non-alcoholic beverages segment in beverage cans market. North America is projected to dominate


the majority market share, in the global beverage cans market, in terms of value, in 2021 North America is a key manufacturer in


the beverage industry. The region is mainly dominated by many consumers for canned beverages across the globe. North America is the biggest consumer of aluminum cans, accounting for more than one-third of the total global consumption. However, the cans market for beverages is expected to witness a steady growth rate during the forecast period.


Your chance to join the AVA board


forward if they would like to participate. These positions are:2 x machines &


components representatives: Gillian White, Crane Merchandising


Systems Ltd / CPi and Richard Gilbert, Excalibur Refreshed Ltd 1 x commodities representative: Robert


Gormley, Nestlé Professional 1 x vending operator representative: Diane


Hunter, Apple Vending Ltd If the company you represent is a full


The Automatic Vending Association (AVA) has invited nominations for board members. Throughout the pandemic the AVA has


tried to keep its members fully up to date with the information and support needed to address business challenges – work which has been has been aided by the experienced input of board members.


10 | vendinginternational-online.com The Board elections, like many others, were


deferred for 12 months last year but there are now four positions due for election in May as part of the usual cycle. Some of the current board members have put their names forward for re- consideration as part of the election process, but under the AVA's Articles of Association it should provide all members with the opportunity to step


member of the AVA, you can apply for one of these voluntary positions on the AVA Board. It meets four times a year and helps to shape and guide the workings of the AVA to ensure that member interests are best served. To stand for election to the board, simply


complete and return the nomination form. An election will then take place for any vacancy where there is more than one candidate. The nomination form can be found on the


AVA website here The closing date for applications is 21st


May 2021.


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