As per this study, the Global Beverage Can Market was valued USD XX.X BN (by revenue) in 2019 and is anticipated to reach USD 61.6 BN by 2026 with a CAGR of X%. By volume, the market was estimated XXX Million Units in 2019 and is expected to reach XXX Million Units by 2026 with a CAGR of X.X%.
Beverage cans are used for packaging of alcoholic and non-alcoholic beverages, such as CSD, energy drinks, and juices. The popularity of metal cans is increasing among consumers as these cans have a better hermetic seal and a good barrier against oxygen and sunlight, thereby retaining the taste of the beverage. Aluminum is mainly used as a metal for the can, as they are affordable and lightweight that is easy to shape.
The beverage cans market is expected to witness significant growth owing to superior cooling properties of the packaging along with the increasing demand for fruit and carbonated drinks. Also, the industry is anticipated to witness high growth on the account of increasing consumption of alcoholic beverages such as beer and cider which are required to cool at a specific temperature for good taste. On the other hand, availability of other packaging substitutes like PET bottles and glass containers may hamper the beverage can market. Whereas growing environmental awareness, consumers are demanding metal cans as they have a lower environmental impact which is expected to open new avenues for the market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of beverage can.
The broad beverage can market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Carbonated Soft Drinks
- Alcoholic Beverages
- Fruits & Vegetable Juices
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for beverage can in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Beverage Can Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the beverage can market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.