Global Beverage Can Market is valued at approximately USD 35.72 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.10 % over the forecast period 2021-2027. Beverage cans market can be used for different purposes for selling soft drinks, alcoholic drinks, fruit and vegetable juices, herbal teas, energy drinks, etc. Beverage cans are usually made up of aluminum and tin-plated steel. Rising consumption of non-alcoholic products, growing consumption of ready to drink products have led the demand for beverage cans market to grow. For Instance: as per the data of international food and agribusiness management association (IFAMA) total food and beverage industry investment has increased from US$ 400 in 2017 to US$ 813 in 2018. showing an increase in the demand for beverage cans market However, causes contamination to environment impedes the growth of the market over the forecast period of 2021-2027. Also,
with the increasing health consciousness among consumers, the adoption & demand for beverage cans market is likely to increase during the forecast period.
The regional analysis of the global Beverage Cans Markets is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing young population and promptness & affordability of beverages coupled with the well-established market for beverage cans. Whereas, US and Canada are also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2021-2027. Factors such as high product adoption by consumers, increased disposable income and increased per capita consumption of beverages would create lucrative growth prospects for the Beverage Cans Market across Asia-Pacific region.
Major market players included in this report are:
Orora packaging Australia Pty. Ltd.
The olayan group
Crown holdings inc.
CNPC holdings ltd.
Bangkok can manufacturing
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Carbonated soft drinks
Fruit and vegetable juices
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Beverage Can Markets in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers