Global Beverage Cans Market Size is anticipated To Reach USD 61 billion by 2024


Posted October 24, 2017 by Steveblade

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.

 
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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Market Segmentation
• By Material
o Aluminum
o Tin
o Steel
• 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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Based in the US, Goldstein Research is leading market research and advisory firm with strong presence in American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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Last Updated October 24, 2017