With steep rise in the revenue generated by food and beverages industry, major players of the market are more focused towards providing quality product to consumers. Increasing global demand of beverage cans has witnessed huge business opportunities in global beverage can market. Globally there has been a rise in the demand for packaged beverages due to rising disposable incomes, consumerism and lifestyles necessitating packaged consumables. This has given a major boost to the beverage cans market. Rising health consciousness has bolstered demand for health and energy drinks, translating into growth in demand for beverage cans. Excellent properties of metal cans leading to increased utility for consumers and marketing opportunity for beverage companies further add to the popularity of beverage cans, propelling growth in the market. Recyclability of metal cans is another factor adding to demand. The Global Beverage Can Market is anticipated to be driven by growing demand for packaged beverages and rising consumerism, according to our research report
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• By Material
• By Can Type
o Two Piece Cans
o Three Piece Cans
• By Application
o Carbonated Soft Drinks
o Alcoholic Beverages
o Fruit & Vegetable Juices
o Others (seafood, animal meat, etc)
• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World
Global beverage can market is segmented by material into aluminum, tin and steel. Among these, aluminum commands the highest demand owing to its excellent physical properties and increase in production levels. Global beverage can market size is anticipated to reach USD 61 billion by 2024 and further the market is predicted to register a modest CAGR over the forecast period i.e. 2016-2024. The North American region accounts for the largest market share, owing to high incomes and consumerism in the region. However, emerging markets like Asia Pacific are expected to witness the highest growth and hence are the most opportunistic regions. However, government regulations in terms of manufacturing processes and materials, as well as taxation policies act as hindrances to market growth.
“Global Beverage Can Market Outlook 2024” contains detailed overview of the global beverage can market in terms of market segmentation by material, can type and application.
Further, for the in-depth analysis, beverage can market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global beverage can market report also provides competitive outlook of some of the major players of the global beverage can market which includes profiling of companies like Ball Corporation, Crown Holdings, Amcor etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global beverage can market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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