Global Beverage Can Market to Witness CAGR of 4% during 2019 - 2025
Posted On July 02, 2019
Value Market Research, has latest report on Global Beverage Can Market which reflects the entire market scenario with the latest information. The Market was valued at USD 46.8 BN (by revenue) in 2018 and it is presumed to reach USD 61.6 BN by 2025 with a CAGR of 4% during 2019 to 2025. A beverage can is a container which is made up of metal to hold a liquid in a specific amount like a carbonated drink, fruit juices, alcohols, energy drinks, etc. Most of the metallic can are made up of aluminum or tin plate steel. But aluminum is highly preferred choice of material for the production of can because they can be re-used again and again without losing quality. It prevents the content from external factors that can alter the product quality, stack-up well over other beverage containers and occupies less space to contain the same volume of liquid content compared to other containers.
Rising consumption of beverages and growing need for convenience in packaging beverage is mainly propelling the market demand. Also, growing need for sustainable packaging solution along with the increasing consumption of alcoholic beverage such as beer and cider is again expected to enhance the market presence. The product is also expected to gain demand on account of advantage offered such as superior cooling effect, protect the liquid from external influence, and excellent recycling property.
The report "Global Beverage Can Market Report by Product (Aluminum and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruits & Vegetable Juices and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2018-2025" explores all the facets of the market. The market segmentation includes product, application, and region.
By product, the market has been segmented into aluminum and steel. Out of which aluminum is gaining traction in the market owing to its light weight and impermeability it is highly preferred material for the production of beverage can. Also, it occupies less space to carry liquid and offer superior cooling property. By application, the market has been fragmented into carbonated soft drinks, alcoholic beverages, fruits and vegetable juices and others. Among which, carbonated soft drink held the major share in the market owing to the rising consumption of various carbonated drink across the globe. Regional segmentation covers North America, Europe, Asia-pacific, Latin America, the Middle East, and Africa. North America held the leading position in the market owing to the presence of well-established beverage industry and high consumption rate of beverages has been reported in the region.
The Report Segments Global Beverage Can Market -
Middle East and Africa
Players Profiled In The Report:
Ardagh Group, Ball Corporation, Bangkok Can Manufacturer Co. Ltd., Can Pack S.A., CPMC Holdings Limited, Crown Holdings Inc., GZ Industries Limited, Kian Joo Can Factory Berhad, Mahmood Saeed Beverage Cans & Ends Industry Company Limited, Nampak Bevcan Limited., Orora Packaging Australia Pty Ltd., Showa Denko K.K., SWAN Industries (Thailand) Company Limited, The Olayan Group, and Toyo Seikan Company Limited.
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