Mon, 18 Oct 2021

The Global Beverage Cans market size is forecast to reach USD 32.93 Billion from USD 26.35 Billion in 2019, delivering a CAGR of 2.85% through 2027. The market growth is driven by the increasing popularity of energy & sports drinks, growth in aluminum recyclability prospects, rising health concern regarding the usage of plastic packaging, and beneficial properties of metals like aluminum, such as lightweight and high molding capacity.

Growing consumer awareness regarding the negative health impact of plastics container usage is prompting industry players to switch to glass and metal alternatives for beverage packaging. Several environmental lobby groups and Government agencies are also pestering manufacturers to significantly reduce plastic packaging. Carbonated drinks and water are usually bottled in PET bottles. However, bans on plastic packaging across several countries in the world will boost the adoption of beverage cans over the coming years.

To get a FREE sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/1250

The superior properties offered by cans, including temperature maintenance and protection from the external environment, is fuelling the adoption of beverage cans. Increasing consumer inclination towards highly portable beverage packaging is poised to boost beverage cans market growth. Moreover, the increased consumption of performance enhancement beverages like sports & energy drinks, rehydration drinks, and caffeine-based drinks is likely to create major opportunities for industry growth over the forecast period.

Key players operating in the global beverage cans market are Ardagh Group S.A., ORG Packaging, Carolina Beverage Group, Ball Corporation (U.S.), Amcor, Crown Holdings, Inc., Silgan Holdings (U.S.), Orora, The Olayan Group, Bangkok Can Manufacturer Co. Ltd., Nampak Bevcan Limited, and Can-Pack S.A., among others.

For the purpose of this report, Reports and Data has segmented the Beverage Cans Market on the basis of size, material, structure, application, and region:

Size (Revenue, USD Billion; 2020-2028)

12Oz

Others

Material Outlook (Revenue: USD Billion; 2020-2028)

Aluminum

Steel

Structure Outlook (Revenue: USD Billion; 2020-2028)

Two-piece cans

Three-piece cans

Application Outlook (Revenue: USD Billion; 2020-2028)

Alcoholic

Wine

Beer

Others

Non-alcoholic

Carbonated Soft Drinks

Fruit Juices and Fruit-Based Drinks

Ready-to-drink Coffee and Tea

Sports & Energy Drinks

Others (includes CBD)

Regional Outlook (Revenue: USD Billion; 2020-2028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1250

Further key findings from the report suggest

In terms of size, the 12 oz beverage segment held 73.5% of the beverage cans market share in 2019 and is set to gain major traction over the projected timeframe. The 12 oz beverage container size is considered standard size and is extensively used for carbonated drinks, fruit-based juices, and other beverages. The introduction of special flavored energy drinks and other functional drinks will bolster product proliferation over the coming years.

On the basis of material, the aluminum segment is projected to register a growth rate of 4% through 2027 on account of advantages offered by the product, such as lightweight and efficiency of shipping and storing the beverage cans. Additionally, aluminum offers faster-chilling capabilities as compared to other beverage containers, making it the first choice for packaging beverages.

Based on application, the alcoholic beverages segment accounted for 39.8% of the beverage cans market in 2019 and is estimated to garner major revenue gains over the projected timeframe on account of increased spending on premium alcohols, primarily by millennials.

In the regional landscape, North America is estimated to witness a notable growth rate of 3.9% over the analysis period. The robust growth can be attributed to the growth of the soft drink industry in the United States, bolstering the demand for beverage cans.

Europe Beverage Cans market is forecast to gain major traction through 2027 on account of increased consumption of carbonated drinks and beer in the region.

The APAC region accounted for 23.2% of the beverage cans market share in 2019 and is likely to grow significantly over the forecast period due to the abundance of raw material like aluminum as well as bauxite and iron ore in the region. Additionally, China has enhanced up its aluminum production capacity over the past decade. The country produces over 50% of the aluminum produced globally, which will positively impact the regional industry growth.

Key insights presented in the report:

Market revenue shares by major business players, by type, application, and market scope of global Beverage Cans market

Sales revenue by key players and new entrants

Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.

Recent mergers, acquisitions, product launches, recent investments, and joint ventures

Regional analysis to provide insight into recent trends and opportunities.

To know more about the report @ https://www.reportsanddata.com/report-detail/beverage-cans-market

Thank you for reading our report. To know more about the customization feature, please get in touch with us and our team will ensure the report is customized to meet your requirements.

Explore Reports and Data's Prime Analysis of the global FMCG :

Starch Derivatives Market Size, Share & Share By Product Type and By Region, Forecast to 2028

Food And Beverage Mechanical Seals Market Size, Trends & Analysis, By Type And Regional Forecast Over 2017-2028

Aseptic Processing Market Size, Share & Analysis, By Type, By Application and Regional Forecast over 2017-2027

Prepared Food Equipment Market Size, Share & Analysis, By Product Type, By Application, By Region, Forecast To 2027

Pet Food Processing Market Size, Trends & Analysis, By Type, By Application, By Region, Forecasts To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Tags: , , , , ,

See Campaign: https://www.reportsanddata.com/report-detail/beverage-cans-marketContact Information:Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-beverage-cans-marketTags:Menafn, Reportedtimes, PR-Wirein, iCN Internal Distribution, Research Newswire, English

More Boston News

Access More

Sign up for Boston News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!