Beverage Cans Market Research Report - Global Forecast to 2023

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4 www.marketresearchfuture.com Beverage Cans Market Research Report - Forecast to 2023 Segmentation
5 www.marketresearchfuture.com Beverage Cans Market Research Report - Forecast to 2023 Market Segmentation Global beverage cans market has been segmented based on materials, applications, and regions. On the basis of material, the market has been segmented as aluminum and steel. Aluminum material dominates the material segment of the market and is expected to be the fastest growing material segment. Aluminum possesses many advantages over steel cans such as it is lightweight and has high recycling rates with easy fabrication processing. It also helps food & beverage manufacturers reduce the weight of cans by more than 30%, with high recycling rate. Steel is also expected to contribute significantly during the forecast period. On the basis of application, the market is segmented as carbonated soft drinks, alcoholic beverages, fruit & vegetable juices and others. Alcoholic beverages dominates the application segment of the market. Increase in demand for alcoholic beverages such as beer and cider in both, developed and developing countries drives the growth of the market. Fruit & vegetable juices segment is expected to have the highest CAGR during the forecast period. Rising concerns regarding personal health among the consumers, fuel the demand of beverage cans. Carbonated soft drinks segment is expected to contribute, significantly, during the forecast period. Browse Complete Report @ https://www.marketresearchfuture.com/reports/beverage-cans-market-5180
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Beverage Cans Market Research Report - Global Forecast to 2023

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