South & Central America Beverage Metal Cans Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material, and Application

The South & Central America Beverage Metal Cans market is expected to reach US$ 2,660.59 million by 2028 from US$ 1,859.05 million in 2022. The market is estimated to grow at a CAGR of 6.2% from 2022 to 2028.

Energy drinks are commonly advertised as products that boost energy while improving physical performance and mental alertness. While coffee is still consumed mainly by older people, energy drinks have gained popularity among the younger generation by connecting themselves with their lifestyle. The sales of energy drinks are increasing despite the beverages containing too much caffeine and sugar. However, recent innovations have seen manufacturers incorporate organic choices into their product lines, which might push energy drinks into the health category. Furthermore, there is a growing demand for immune-boosting beverages high in vitamins, minerals, and other essential ingredients. As a result, many players have entered the market to offer functional energy drinks. Brands are attempting to capitalize on the "immunity-boosting" trend by integrating purported components or using the concept of immunity boosters in their marketing operations. Energy drinks aim to meet the expanding health awareness movement. Individuals take greater responsibility for their health, coupled with diet and natural energy drink alternatives. The South & Central America Beverage Metal Cans market is expected to grow at a good CAGR during the forecast period.

South & Central America Beverage Metal Cans Market Segmentation

The South & Central America beverage metal cans market is segmented on the basis of material, application, and country. Based on material, the market is bifurcated into aluminum and steel. The aluminum segment dominated the market in 2022. By application, the South & Central America beverage metal cans market is segmented into carbonated soft drinks, alcoholic drinks, fruit and vegetable juices, and others. The alcoholic drinks segment dominated the market in 2022. Based on country, the South & Central America Beverage Metal Cans market segmented into Brazil, Argentina and Rest of South & Central. The Brazil is dominated the South & Central America Beverage Metal Cans market in 2022.

Ball Corporation, Crown Holdings, Inc; Ardgh Group S.A, CANPACK, Amcor plc and Envases Group are among the leading companies in the South & Central America Beverage Metal Cans market are among the leading companies in the South & Central America Beverage Metal Cans market.