Global Beverage Cans Market 2016-2024: Market Size To Reach USD 61 Billion At A CAGR Of 3.3%

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Global Beverage Cans Market is Majorly Driven by The Growth of Food and Beverage Industry Across the Globe

Global beverage cans market is expected to expand at a compound annual growth rate (CAGR) of 3.3% over the forecast period i.e. 2016-2024.The beverage cans market witnessed growth across the globe in recent years as consumers increasingly become brand as well as health conscious.

Market Landscape

Beverage cans market is driven by expertise, quality, and commitment to continuous improvement by the major industry players and global beverage industry leaders. The major beverage and packaging industry players’ aims to deliver distinguished products with real shelf appeal: custom-made solutions with advanced shaping, printing and convenience features. Recyclability of the metal cans is also the major factor for its growth and adoption for packaging purpose. For instance, the complete recycling rate for aluminum beverage cans in Europe amplified by 1.6% to a new record level of 72.9% in 2015, according to new data by European Aluminum. This growth reflects an ‘important milestone’ on the pathway towards the EU’s obligatory 75% aluminum recycling target for 2025.

“Global beverage cans market outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in beverage cans industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, beverage cans manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall beverage cans industry.

Global Beverage Cans Market Segmentation can be classified on the basis of:-

  • By Material
  • Aluminum
  • Tin
  • Steel
  • By Can Type
  • Two Piece Cans
  • Three Piece Cans

 

  • By Application
  • Carbonated Soft Drinks
  • Alcoholic Beverages
  • Fruit & Vegetable Juices

 

  • By Geography
  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Production (Units)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion, Production (Units)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Production (Units)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Production (Units)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Production (Units)}

 

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Market Trends, Drivers, and Challenges

Growing beverage demand particularly in emerging markets, uninterrupted product innovation by key players and increasing consumerism across the globe are the key factors driving demand for beverage cans. Advantages of these metal cans in terms of handiness, convenience, lightweight and appealing graphics are the key reasons for their tremendous popularity in present times. Moreover, recyclability of these cans makes them very attractive packaging solution in the wake of rising environmental concerns and consumer inclination towards sustainable products. An upsurge in sales of health and energy drinks owing to rising health awareness among the population, especially in urban areas, is expected to further boost growth in the market for beverage cans.

Global Beverage Cans Market Report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The global beverage cans market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

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