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The study take a closer look at the key driving forces, restraints, and opportunities responsible for determining the future of the market, for the forecast period 2019 - 2026.
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Beverage Cans Market To Reach USD 33.73 Billion By 2026 www.reportsanddata.com sales@reportsanddata.com
Market Summary Increase in demand for sustainable packaging, rising trend of premiumization of beverage and packaging and growing beverage industry is fueling the growth of the market. Market Size – USD 24.72 Billion in 2018, Market Growth - CAGR of 3.8%, Market Trends – Increasing popularity of Energy and Sports Drinks According to the current analysis of Reports and Data, the global Beverage Cans market was valued at USD 24.72 Billion in 2018 and is expected to grow at a CAGR of 3.8% to reach 33.73 Billion by 2026.
Our Approach Market Summary The expected rise in the growth is subjected to increased recyclability of aluminum, increasing popularity of energy & sports drinks, health concern regarding the usage of plastics, and high molding and lightweight properties of metals. The use of packaging as part of the marketing mix has been a powerful method to differentiate a product offering and provides one of the last chances to influence a customer in the consumer decision-making process. Metal packaging plays an important role in the process of food and beverage preservation. The common expression used to describe such a process is ‘canning’. Canned beverages have become an important part of the human diet in developed countries during the past century. It is also of particular value in those parts of the world where no or limited refrigeration exists for storing food. On a global basis, the beverage can industry is constituted by about 90% aluminum cans and 10% steel cans (competent industry sources). A sustained shift has been noticed from steel to aluminum use for beverage cans, and steel cans are now only used in some parts of Europe, Africa, Asia and Brazil. American can makers produced about 94 billion beverage cans a year in 2017 (UACJ Corp industry repost). While almost all food cans are made of steel, aluminum's unique properties make it ideal for holding carbonated beverages, due to which the metals demand is increasing. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/1250
Our Approach Market Summary Further key findings from the report suggest Nowadays, beer and carbonated soft drinks account for the vast majority of consumption, but an increasing number of consumers are drinking other beverage categories such as energy drinks, cider, iced RTD tea and coffee, FABs, flavored and sparkling water, juices and milk from a can (Europe Direct Market Entry Handbook commissioned by European Commission, 2019). Brand owners are seeking pack differentiation and shelf appeal in the more mature markets of North America, and an increase in investments in niche markets for specialty beverage cans (such as sleek, big cans and sizes other than standard 12oz cans) is expected to aid the growth of the industry. China has ratcheted up its production of aluminum over the past decade. China produces nearly 50% of aluminum produced globally and the U.S produces a far smaller share. The huge increase in Chinese production can be attributed to the frenetic pace with which the country’s economy grew since 2010. Even though growth cooled off since 2016, China’s automobile, aircraft manufacturing, shipbuilding and a variety of other industries were the chief consumers of aluminum…Continued To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/beverage-cans-market
Our Approach Market Summary Key participants Ardagh Group S.A., ORG Packaging, Ball Corporation (U.S.), Carolina Beverage Group, Crown Holdings, Inc., Amcor, Orora, and Silgan Holdings (U.S.), The Olayan Group, Can Pack S.A., Bangkok Can Manufacturer Co. Ltd., and Nampak Bevcan Limited. For the purpose of this report, Reports and Data has segmented the Beverage Cans market on the basis of material, structure, size, application and region: Material (Revenue, USD Billion; 2016–2026 and Volume, Million Units; 2016-2026) Aluminum Steel Structure (Revenue, USD Billion; 2016–2026 and Volume, Million Units; 2016-2026) Two-piece cans Three-piece cans Size (Revenue, USD Billion; 2016–2026 and Volume, Million Units; 2016-2026) 12Oz Others
Our Approach Market Summary Application (Revenue, USD Billion; 2016–2026 and Volume, Million Units; 2016-2026) 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) Order Now: https://www.reportsanddata.com/checkout-form/1250
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