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Latin America Beer Cans Market Analysis

The Latin America Beer Cans Market size in terms of shipment volume is expected to grow from 18.75 Billion units in 2024 to 24.27 Billion units by 2029, at a CAGR of 5.29% during the forecast period (2024-2029).

The beer cans industry has seen significant growth, driven primarily by changing customer preferences for diverse tastes and flavours in beer. Lightweight and durable, aluminium cans outshine glass bottles in transport ease. Modern urban consumers in Latin America gravitate towards these cans, drawn by their convenience for outdoor activities, parties, and gatherings.

• The adoption of sustainability with environmental measures is expected to drive the market. Cans are permitted in many places where bottles are typically not allowed, such as beaches, pools, parks, campgrounds, ballparks, golf courses, boats, etc. Cans are 100-percent recyclable with other benefits such as much lighter than bottles, and requiring less fuel to ship them, whether empty or filled, is an added advantage. An empty 12-ounce bottle weighs about 7 ounces, whereas an empty can weighs only about a half-ounce.
• Brazil's government plays a significant role in boosting local beer manufacturing. For instance, in June 2024, Brazil inaugurated its largest malt production facility, Maltaria Campos Gerais. Situated on PR-151, between Ponta Grossa and Carambe铆, this advanced plant is primed to cater to roughly 20% of the nation's malt requirements. Boasting a robust annual production capacity of 240,000 tons, the facility stands ready to make a substantial impact on Brazil's brewing sector.
• Further, the growing environmental concern in Mexico is forcing beer companies to adopt plastic-free cans. Grupo Modelo, a significant player in Mexico's beer brewing, distribution, and sales, has recently allocated approximately USD 4 million towards a sustainable packaging initiative in collaboration with WestRock and Grupo Gondi. Their fibre-based CanCollar Eco product is set to eradicate plastic rings in Mexico, commencing in Quintana Roo, thereby eliminating 12 million plastic rings yearly.
• However, consumers' preference for wine might challenge the market due to the increasing affordability of wine and liquor products. This shift is expected to continue, making more consumers shift towards these commodities. For instance, according to Jefferies & Company, the Brazilian alcoholic beverage market is expected to be around USD 121 billion in 2027, accounting for less than half of the US alcohol market.
• Moreover, the ongoing Russia-Ukraine conflict has significantly influenced the growth of the studied market. As a leading global aluminium producer, Russia's output has faced disruptions due to economic sanctions targeting its metal exports. This affects the availability of raw materials needed for manufacturing beer cans in Latin America.

Latin America Beer Cans Industry Segmentation

Brewers and beer consumers alike favour cans as a packaging choice. Cans effectively limit exposure to light and oxygen, are cost-efficient for transportation, and boast easy recyclability. The study analyzes the beer industry's expansion and demand for beer cans in the Latin American region. Canned packaging is critical in the beverage's production, transport, and sale. 

The Latin American beer cans market is segemnted by packaging type (aluminium cans and steel/tin cans)鈥嬧�� and country (Mexico, Brazil, Argentina, Colombia and the Rest of Latin America). The market sizes and forecast are provided in terms of volume (units) for all the above segments.