Beverage Cans Market Research Report - Global Forecast to 2023

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Beverage Cans Market Research Report By Forecast
To 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Beverage Cans Market Research Report - Forecast
to 2023
Global Beverage Cans Market Information Report by
Material (Aluminum and Steel), by Application
(Carbonated Soft Drinks, Alcoholic Beverages,
Fruit Vegetable Juices and others) and By
Region - Global Forecast To 2023
The global packaging market is constantly
evolving, and is expected to witness high growth
over the forecast period. Advanced technology in
packaging has allowed innovation in products
enabling many companies to adopt smart innovation
in their product designs. They no longer have to
stick to traditional methods of packaging. This
will help improve the safety of food beverages
as well as it will attract the consumers.
Companies spend more on packaging innovation
rather than on production cost. They are adopting
active packaging and intelligent packaging so as
to enhance the performance of the packaging
technique. The prominent players in the global
beverage cans market include BWAY Corporation
(U.S.), Kian Joo Can Factory Berhad (Malaysia),
Toyo Seikan Group Holdings, Ltd. (Japan), CPMC
Holdings Ltd. (China), Orora Packaging Australia
Pty Ltd (Australia), HUBER Packaging Group GmbH
(Germany), Crown Holdings Incorporated (U.S.),
Ball Corporation (U.S.), Ardagh Group
(Luxembourg), Silgan Holdings Inc. (U.S.), and
Can-Pack SA, (Poland). Hence, global beverage
cans market is expected to grow at a CAGR of 3.8
during the forecast period.
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3
Beverage Cans Market Research Report - Forecast
to 2023
Regional Analysis
On the basis of regions, global beverage cans
market has been segmented as North America,
Europe, Asia Pacific and Rest of the World (RoW).
North America region dominates the global
beverage cans market. Increasing demand for metal
cans in the region is primarily driving the
growth of the market. Moreover, growing concerns
regarding the use and consumption of sustainable
packaging materials is expected to drive the
demand for market growth. U.S. accounted for the
largest market share in North America. Higher
consumption of processed packaged food
beverage products in this region drives the
growth of the market. Europe is another major
market for the beverage cans. Germany, U.K., and
France are the major markets in the region.
Increased recycling activities undertaken by the
regulatory bodies including European Commission
and national governments of France, Germany, and
UK drive the growth of the market in the region.
Moreover, Europe is the hub of major
non-alcoholic and alcoholic beverage
manufacturers. This also has a positive influence
on the growth of the market. Asia Pacific is
expected to grow at the highest CAGR during the
forecast period. China, Japan, India, Australia
and Indonesia are the major markets in Asia
Pacific region. Increase in purchasing power in
the region drives the growth of the market.
Additionally, the availability of raw materials
and low labor cost, together are a positive
influence on the market growth. The young
population, with significant disposable income,
will also fuel the demand for beverage cans in
the coming years. China accounts for the largest
share of the beverage cans market in the Asia
Pacific region. Latin America and Middle-East
Africa are also expected to witness a positive
growth during the forecast period due to growing
consumption of alcoholic beverages in Brazil,
South Africa, in Middle East region.
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Beverage Cans Market Research Report - Forecast
to 2023
Segmentation
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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.
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