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<strong>Beverage</strong> <strong>Cans</strong> <strong>Market</strong> Research Report By<br />
Forecast To 2023<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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<strong>Beverage</strong> <strong>Cans</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Global <strong>Beverage</strong> <strong>Cans</strong> <strong>Market</strong> Information Report by Material (Aluminum and Steel), by Application<br />
(Carbonated Soft Drinks, Alcoholic <strong>Beverage</strong>s, Fruit & Vegetable Juices and others) and By Region - Global<br />
Forecast To 2023<br />
The global packaging market is constantly evolving, and is expected to witness high growth over the forecast period.<br />
Advanced technology in packaging has allowed innovation in products enabling many companies to adopt smart innovation<br />
in their product designs. They no longer have to stick to traditional methods of packaging. This will help improve the safety<br />
of food & beverages as well as it will attract the consumers. Companies spend more on packaging innovation rather than on<br />
production cost. They are adopting active packaging and intelligent packaging so as to enhance the performance of the<br />
packaging technique.<br />
The prominent players in the global beverage cans market include BWAY Corporation (U.S.), Kian Joo Can Factory Berhad<br />
(Malaysia), Toyo Seikan Group Holdings, Ltd. (Japan), CPMC Holdings Ltd. (China), Orora Packaging Australia Pty Ltd<br />
(Australia), HUBER Packaging Group GmbH (Germany), Crown Holdings Incorporated (U.S.), Ball Corporation (U.S.), Ardagh<br />
Group (Luxembourg), Silgan Holdings Inc. (U.S.), and Can-Pack SA, (Poland).<br />
Hence, global beverage cans market is expected to grow at a CAGR of 3.8% during the forecast period.<br />
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<strong>Beverage</strong> <strong>Cans</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Regional Analysis<br />
On the basis of regions, global beverage cans market has been segmented as North America, Europe, Asia Pacific and Rest<br />
of the World (RoW). North America region dominates the global beverage cans market. Increasing demand for metal cans in<br />
the region is primarily driving the growth of the market. Moreover, growing concerns regarding the use and consumption of<br />
sustainable packaging materials is expected to drive the demand for market growth. U.S. accounted for the largest market<br />
share in North America. Higher consumption of processed & packaged food & beverage products in this region drives the<br />
growth of the market.<br />
Europe is another major market for the beverage cans. Germany, U.K., and France are the major markets in the region.<br />
Increased recycling activities undertaken by the regulatory bodies including European Commission and national<br />
governments of France, Germany, and UK drive the growth of the market in the region. Moreover, Europe is the hub of<br />
major non-alcoholic and alcoholic beverage manufacturers. This also has a positive influence on the growth of the market.<br />
Asia Pacific is expected to grow at the highest CAGR during the forecast period. China, Japan, India, Australia and Indonesia<br />
are the major markets in Asia Pacific region. Increase in purchasing power in the region drives the growth of the market.<br />
Additionally, the availability of raw materials and low labor cost, together are a positive influence on the market growth.<br />
The young population, with significant disposable income, will also fuel the demand for beverage cans in the coming years.<br />
China accounts for the largest share of the beverage cans market in the Asia Pacific region. Latin America and Middle-East &<br />
Africa are also expected to witness a positive growth during the forecast period due to growing consumption of alcoholic<br />
beverages in Brazil, South Africa, & in Middle East region.
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<strong>Beverage</strong> <strong>Cans</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
Segmentation
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<strong>Beverage</strong> <strong>Cans</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
<strong>Market</strong> Segmentation<br />
Global beverage cans market has been segmented based on materials, applications, and regions. On the basis of material,<br />
the market has been segmented as aluminum and steel. Aluminum material dominates the material segment of the market<br />
and is expected to be the fastest growing material segment. Aluminum possesses many advantages over steel cans such as<br />
it is lightweight and has high recycling rates with easy fabrication processing. It also helps food & beverage manufacturers<br />
reduce the weight of cans by more than 30%, with high recycling rate. Steel is also expected to contribute significantly<br />
during the forecast period.<br />
On the basis of application, the market is segmented as carbonated soft drinks, alcoholic beverages, fruit & vegetable juices<br />
and others. Alcoholic beverages dominates the application segment of the market. Increase in demand for alcoholic<br />
beverages such as beer and cider in both, developed and developing countries drives the growth of the market. Fruit &<br />
vegetable juices segment is expected to have the highest CAGR during the forecast period. Rising concerns regarding<br />
personal health among the consumers, fuel the demand of beverage cans. Carbonated soft drinks segment is expected to<br />
contribute, significantly, during the forecast period.<br />
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