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industrynewsupdates · 17 days ago
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Market Analysis of Leading Brands in the Beverage Cans Market
The global beverage cans market was valued at approximately USD 41.14 billion in 2023 and is projected to experience significant growth, with an anticipated compound annual growth rate (CAGR) of 5.5% from 2024 to 2030. This growth is largely driven by the rising global consumption of various beverages, including carbonated soft drinks, beer, and cider. As consumer preferences evolve, the demand for beverage cans is expected to rise correspondingly, supported by trends favoring convenience and portability.
One of the key factors propelling the beverage cans market is the high recycling rate of aluminum cans, which is not only environmentally friendly but also cost-effective. Aluminum, as a material for beverage cans, boasts superior physical properties compared to alternatives like glass and plastic. Its lightweight nature makes it ideal for packaging, while its durability ensures that the contents remain fresh and safe for consumption. These attributes are crucial as consumers increasingly seek products that are not only functional but also sustainable.
Gather more insights about the market drivers, restrains and growth of the Beverage Cans Market
Market Concentration & Characteristics
The beverage cans market is characterized by a diverse range of players, including both large multinational corporations and smaller regional manufacturers. Prominent companies in this sector include Mahmood Saeed Can and End Industry Company Limited (MSCANCO), Kian Joo Can Factory Berhad, SWAN Industries (Thailand) Company Limited, GZI Industries Limited, Toyo Seikan Co., Ltd., Ball Corporation, Orora Packaging Australia Pty. Ltd., Olayan Group, Crown Holdings, Inc., Bangkok Can Manufacturing, CPMC Holdings Limited, CANPACK, Nampak Ltd., Ardagh Group S.A., and Envases Group.
These companies are actively pursuing diversification strategies to enhance their product and service offerings. By expanding their portfolios, they aim to capitalize on cost and revenue synergies that can arise from cross-functional operations. This strategic approach often includes mergers and acquisitions, allowing firms to strengthen their market positions and expand their geographical reach.
For example, in October 2023, Crown Holdings, Inc. successfully completed the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility located in Saarlouis, Germany. This acquisition not only allows Crown to inherit Helvetia's existing customer base and contracts but also brings in approximately 200 employees, thereby bolstering its operational capacity. With this new facility, Crown can enhance its European beverage can platform, adding around one billion units of annual capacity. This move is timely, as it aligns with the growing consumer demand for infinitely recyclable beverage cans, showcasing a proactive approach to sustainability.
Similarly, in August 2023, TricorBraun, a global packaging company, made a significant acquisition by purchasing CanSource, a provider of cans and custom packaging solutions tailored for craft beverage makers. This strategic acquisition is expected to strengthen TricorBraun’s footprint in the North American beverage packaging market, expanding its offerings to include more sustainable packaging options. Post-acquisition, CanSource operates under the name CanSource, a TricorBraun company, maintaining its existing team and operational locations. This move not only enhances TricorBraun’s market presence but also demonstrates a commitment to sustainability and innovation within the beverage packaging sector.
The future of the beverage cans market appears promising, driven by evolving consumer preferences, sustainability initiatives, and continuous innovation in packaging technologies. As the demand for convenient and environmentally friendly packaging solutions continues to grow, beverage cans are likely to play an increasingly pivotal role in meeting these market needs.
The market is expected to witness ongoing advancements in production technologies, which may lead to even more efficient manufacturing processes and enhanced product designs. Moreover, as sustainability becomes a focal point for consumers and regulatory bodies alike, manufacturers will need to remain agile, adapting their strategies to align with emerging trends and compliance requirements.
Order a free sample PDF of the Beverage Cans Market Intelligence Study, published by Grand View Research.
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shawnlbird · 10 months ago
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poem-bringing gifts
So many criteriafor a deceptively simple task.Light weight. useful.  fun.   full to over-flowing with loveSmall tokens are all I canpack in a bagOnly miniscule metaphors for myimmeasurable gratitude.What gift is enough?Oh, what can I bring?. . . This spring I’m off to do a couple of writing retreats and visiting friends and family from my times as a exchange student, yay those many years…
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alicesara611 · 1 year ago
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The Rise of Sustainable Packaging: How Food and Beverage Brands Are Embracing Metal Cans By 2022 to 2028
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At a compound annual growth rate (CAGR) of 5.8% from 2022 to 2028, the food and beverage metal cans market is expected to reach US$ 35.46 billion by 2028, and Food And Beverage Metal Cans MarketSize was valued at US$ 27.42 billion in 2022. Because they extend the shelf life of products, food and drink containers as well as other consumer goods like aerosols and paints are packaged in metal cans. Usually cylindrical, end-user producers are able to alter the look of these containers. The rising demand for convenience food items is the main factor propelling the food and beverage metal cans market. As more and more people adopt healthier lifestyles, there is a greater need for canned and fresh foods, which increases the need for metal cans used in food and beverage applications.
The global food and beverage metal cans market is set for robust growth and transformation between 2022 and 2028. The market, already a cornerstone of the packaging industry, is witnessing evolving consumer preferences, sustainability concerns, and technological advancements, all of which are poised to shape its trajectory in the coming years. This article explores key trends, drivers, and factors influencing the food and beverage metal cans market from 2022 to 2028.
Request a Sample copy of this Report! https://absolutemarketresearch.com/Global-Food-and-Beverage-Metal-Cans-Market/167/request-sample
Metal cans have been a reliable and popular choice for packaging food and beverages for decades. Their ability to preserve the freshness and quality of products, ensure product safety, and be highly recyclable makes them a sustainable and practical option. The period between 2022 and 2028 is marked by several compelling factors that are set to impact the market significantly.
Key Drivers and Trends:
1. Sustainability and Eco-Friendly Packaging:
As global environmental concerns continue to grow, there is a surge in demand for sustainable packaging solutions. Food and beverage companies are increasingly shifting towards metal cans due to their recyclability, durability, and ability to reduce food waste. This trend is expected to drive the market growth as consumers prefer eco-friendly packaging options.
2. Innovation in Design and Technology:
Advancements in can design and technology are creating opportunities for the food and beverage metal cans market. Features like easy-open lids, resealable options, and unique shapes are attracting consumers. Additionally, innovations in can linings are extending shelf life and preserving the flavor and nutritional value of products.
3. Convenience and Portability:
The busy lifestyles of consumers have led to a growing preference for on-the-go food and beverage products. Metal cans are well-suited for such products due to their portability and convenient packaging. This trend is expected to drive the demand for single-serve and portable metal cans.
4. Health and Wellness Trends:
Consumers are increasingly seeking healthier and natural products. Metal cans offer excellent protection against light, air, and moisture, preserving the quality of the contents. As a result, they are becoming the choice for packaging health-focused beverages, including energy drinks, sparkling water, and ready-to-drink teas.
Regional Outlook:
The Asia-Pacific region is expected to exhibit substantial growth in the food and beverage metal cans market. The burgeoning food and beverage industry, coupled with rising disposable income in emerging economies, is driving demand. North America and Europe are likely to see steady growth as the demand for sustainable packaging options continues to rise.
Competitive landscape:
The global food and beverage metal cans market is dominated by a few large players, such as:
Ball Corporation
Crown Holdings, Inc.
Ardagh Group S.A.
Canpack S.A.
Nampak Ltd.
Market Segmentation:
The food and beverage metal cans market can be segmented into various categories based on factors such as material, end-user industry, and geography. Some of the key segments include:
Material Type:
Aluminum
Steel
End-User Industry:
Food (Canned vegetables, fruits, soups, etc.)
Beverages (Carbonated drinks, beer, energy drinks, etc.)
Geography:
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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marketresearch-articles · 2 years ago
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Aluminum Cans Market Status and Outlook 2021-2028, Emerging Technologies, Industry Size and Share, Analysis of Covid-19 Impact, Competitive Strategies
Aluminum Cans Market is grow at a CAGR 4.10%in the forecast 2021 to 2028.
Aluminum Cans Market scope and Size
·       On the basis of type, the aluminum cans market is segmented into slim, sleek and standard.
·       Based on product type, the aluminum cans market is segmented into 1-piece cans, 2-piece cans and 3-piece cans.
·       On the basis of capacity, the aluminum cans market is segmented into up to 200ml, 201-450ml, 451-700ml, 700-1000ml and more than 1000ml.
·       The end user segment for aluminum cans market is segmented into food, beverages, personal care and cosmetics, pharmaceuticals and paints and lubricants. Food has further been segmented into fruits and vegetables, ready-to-eat, meat, poultry, and seafood, pet food, bakery and confectionery and others. Beverages have further been segmented into alcoholic and non-alcoholic.
Get the sample copy of Report https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-aluminum-cans-market
 Aluminum Cans Market Country Level Analysis
Aluminum cans market is analyzed and market size, volume information is provided by country, type, product type, capacity and end user as referenced above.
 The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
MAJOR TOC OF THE REPORT
Chapter One: Aluminum Cans Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three : Aluminum Cans Market Competition, by Players
Chapter Four: Global Aluminum Cans Market Size by Regions
Chapter Five: North Aluminum Cans Market by Countries
Chapter Six: Europe Aluminum Cans Market Revenue by Countries
Chapter Seven: Asia-Pacific Aluminum Cans Market Revenue by Countries
Chapter Eight: South Aluminum Cans Market Revenue by Countries
Chapter Nine: Middle East and Aluminum Cans Market evenue Equipment by Countries
Chapter Ten: Global Aluminum Cans Market Segment by Type
Chapter Eleven: Global Aluminum Cans Market by Application
Get TOC Details:   https://www.databridgemarketresearch.com/toc/?dbmr=global-aluminum-cans-market
Some of the major players operating in the smart medical devices market are:
 The major players covered in the aluminum cans market report are BALL CORPORATION, Crown, Ardagh Group S.A., Amcor plc, COFCO, Silgan Containers, Kian Joo Can Factory Berhad, Toyo Seikan Group Holdings, Ltd., ALUCON, CCL Industries, Nampak Ltd., Tubex Aluminium Tubes, LINHARDT, MONTEBELLO PACKAGING, Toyo Seikan Co., Ltd., ALLTUB, CANPACK, Visy, Casablanca Industries Pvt Ltd., and Akshar Products among other domestic and global players.
Access Full Report   https://www.databridgemarketresearch.com/reports/global-aluminum-cans-market
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
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Tel: +1-888-387-2818
Browse Related Reports@
Global Agricultural fogging machines market
Global agriculture grade zinc chemicals market
Global Agriculture Seeder Market
Global Aluminium Nickel Catalyst Market
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energydrinkcansuk · 4 years ago
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Monster Energy Ultra Black 500ml - 30mg / 100ml Can manufactured by Canpack
This is a Monster Ultra can that I hadn’t seen until relatively recently. When placed with its Ultra siblings it has a very different feel, somewhat more dynamic, like the bad-boy of the group. The only one I have so far to feature a colour other than it’s main body and silver, the red on this one really brings out the dynamic feel of the strong geometric pattern which has a tattoo-like feel to it. I really like the way this can looks and the sort of feeling it invokes.
I think this is also the only Monster Ultra can in the collection to give away its actual flavour anywhere on the can.
At the height of summer on the other side of the Atlantic, the small town of Traverse City, Michigan calls itself the “Cherry Capital of the WOrld” when half a million people show up for harvest in July. No prizes for guessing you gotta get ‘em while you can. Luckily, we’ve found a way to capture that perfectly ripe flavour & bring it to you all year long! Monster Energy Ultra Black: refreshingly light with zero calories, zero sugar & packed with out Monster energy blend.
https://energydrinkcans.uk/cans/monster-ultra-black/
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womensbasketball-lover · 7 years ago
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EuroLeague Women 2017/2018
➦ Week 2
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faroukmahmoudgd · 6 years ago
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Hype can Now Available #canpacking #canart #candesign #packingdesign #packing #graphicdesign #cansdesigner #Egyptian_Designer https://www.instagram.com/p/BupfVrVnABv/?utm_source=ig_tumblr_share&igshid=l9wetv51eczo
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speedmedia-blog1 · 7 years ago
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Great game between @camila_giorgi_official and @angie.kerber at The Sydney International Tennis, Camila pushed her hard all game. _____________ #tennis #sydneyinternational #camilagiorgi #epic #sport #sportphotography #mynikonlife #court #canpack #babolat #tennisaustralia #composition #sigma500mm #tennisplayer #speedmedia (at Sydney Olympic Park Tennis Centre)
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Koszykarki Ślęzy Wrocław mistrzyniami Polski
Koszykarki Ślęzy Wrocław mistrzyniami Polski
1KS Ślęza pokonała we Wrocławiu z Wisłę Can-Pack Kraków 80:53 (30:22, 14:7, 20:14, 16:10) w piątym meczu finału play off ekstraklasy koszykarek. Zespół z Dolnego Śląska w rywalizacji do trzech zwycięstw wygrał 3:2 i został mistrzem Polski.
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isucheta · 2 years ago
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Portable Nature and Recyclability of Metal Cans Fueling the Beverage Metal Cans Market Growth
The beverage metal cans market is projected to reach US$ 47,852.42 million by 2028 from US$ 34,363.14 million in 2022; it is expected to grow at a CAGR of 5.7% during 2022–2028. Metal cans' recyclable features are boosting the industry since manufacturing items from recycled metals requires less energy, decreases carbon emissions, and uses less water than raw materials.
The demand for portable and efficient packaging solutions for beverages drives market expansion. The increased use of non-alcoholic beverages among health-conscious customers is predicted to stimulate demand for beverage cans. The introduction of sports drinks and fruit juices, as well as the rising consumption of Ready-to-Drink (RTD) products in can packaging, are likely to boost the market growth. With rising health consciousness among customers worldwide, beverage makers are upgrading and launching products with an emphasis on natural, low-calorie, and low-sugar ingredients like stevia. This is expected to increase the number of health-conscious customers.
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Metal beverage cans are used to protect beverages from the outside environment, tampering, and support the product during transit or handling. Metal beverage cans aid in the constant distribution of beverages across the value chain, reducing manufacturing or transition losses. Metal packaging materials are used in the beverage sector for soft drinks, water, beer, dairy products, sports and energy drinks, ready-to-drink tea & coffee, alcoholic drinks, and other products.
The leading global beverage metal cans market players include Ball Corporation, Crown Holdings, Inc., Ardagh Group S.A., Canpack, Orora Packaging Australia Pty Ltd., Amcor plc., Silgan Containers LLC, GZI Industries Limited, Showa Denko K.K., and Envases Group. These players are focused on strategies such as research and development and new product development to increase the geographical presence and consumer base globally.
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reveal-the-news · 2 years ago
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Focus shift fueling economic development growth in Muncie – Inside INdiana Business
Focus shift fueling economic development growth in Muncie – Inside INdiana Business
A member of the Delaware County Commissioners said a change in direction about 10 years ago has led to significant economic development in Muncie and Delaware County. Over the past two years, the county has announced several major projects that could create hundreds of jobs. The largest is Poland-based CANPACK’s $380 million aluminum can manufacturing facility, currently under construction. In an…
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esglatestmarketnews · 2 years ago
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Beverage Cans Market By Players, Regions And Applications by 2028
Beverage Cans Industry Overview
The global beverage cans market size was valued at USD 35.72 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2028. 
The demand for highly portable and superior packaging solutions for protection from the external environment is primarily contributing to the market growth. The demand for beverage cans is expected to be driven by the rising consumption of non-alcoholic products among health-conscious consumers. In addition, the introduction of fruit juices and sports drinks coupled with the growing consumption of Ready-to-Drink (RTD) products in can packaging is expected to benefit the market growth. The U.S. is the biggest market for beverage cans with the highest per capita can consumption in the world.
The market has witnessed continuous product innovations due to the strong presence of major companies in the U.S., such as Ball Corp. The superior physical properties of metals over their counterparts are also expected to drive market growth during the forecast period. These properties include easy labelling & printing on the metal surface, high malleability, and design innovations to appeal to the millennial.
Gather more insights about the market drivers, restrains and growth of the Global Beverage Cans Market
With the increasing health consciousness among consumers globally, beverage manufacturers are also improving and innovating products with a focus on natural, low-calorie, and low-sugar ingredients, such as stevia, in their products. This is expected to attract an increased number of health-conscious customers.
Packaged beer sales increased drastically as restaurants and bars began offering alcohol on the go due to the COVID-19 pandemic. The surge in demand for alcoholic products through off-premise locations, such as supermarkets, hypermarkets, and departmental stores, led to high demand for metal cans.
With an increase in health consciousness among consumers owing to the COVID-19 outbreak, the consumption of healthy foods and beverages increased, which, in turn, augmented the sales for functional and energy drinks. This, in turn, supported the overall market growth.
Browse Through Grand View Research's Plastics, Polymers And Resins Industry Research Reports.
• Pouches Market: The global pouches market size was valued at USD 36.44 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2028. Rising demand for packaged food and beverages coupled with the convenience of use and cost-effectiveness of pouches are primary factors driving the market growth.
• Polyvinyl Alcohol Films Market: The global polyvinyl alcohol films market size was valued at USD 367.3 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2028. The increase in waste disposal problems coupled with stringent environmental regulations is driving the need for biodegradable raw materials in the packaging industry.
Beverage Cans Market Segmentation
Grand View Research has segmented the global beverage cans market on the basis of material, application, and region:
Beverage Cans Material Outlook (Volume, Million Cans; Revenue, USD Million, 2017 - 2028)
• Aluminum
• Steel
Beverage Cans Application Outlook (Volume, Million Cans; Revenue, USD Million, 2017 - 2028)
• Carbonated Soft Drinks
• Alcoholic Beverages
• Fruit & Vegetable Juices
• Others
Beverage Cans Regional Outlook (Volume, Million Cans; Revenue, USD Million, 2017 - 2028)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa
Key Companies profiled:
Some prominent players in the Global Beverage Cans Market include
• Ball Corp.
• Orora Packaging Australia Pty Ltd.
• The Olayan Group
• Crown Holdings, Inc.
• Ardagh S.A.
• CANPACK
• CPMC Holdings Ltd.
• Bangkok Can Manufacturing
• Nampak Ltd.
• Mahmood Saeed Beverage Cans & Ends Industry Company Ltd.
• Kian Joo Can Factory Berhad
• SWAN Industries (Thailand) Company Ltd.
• GZ Industries Ltd.
• Toyo Seikan Co., Ltd.
• Envases Group
Order a free sample PDF of the Beverage Cans Market Intelligence Study, published by Grand View Research. 
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marketresearch-articles · 2 years ago
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Aluminum Cans Market Status and Outlook 2021-2028, Emerging Technologies, Industry Size and Share, Analysis of Covid-19 Impact, Competitive Strategies
Aluminum Cans Market is grow at a CAGR 4.10%in the forecast 2021 to 2028.
Aluminum Cans Market scope and Size
·       On the basis of type, the aluminum cans market is segmented into slim, sleek and standard.
·       Based on product type, the aluminum cans market is segmented into 1-piece cans, 2-piece cans and 3-piece cans.
·       On the basis of capacity, the aluminum cans market is segmented into up to 200ml, 201-450ml, 451-700ml, 700-1000ml and more than 1000ml.
·       The end user segment for aluminum cans market is segmented into food, beverages, personal care and cosmetics, pharmaceuticals and paints and lubricants. Food has further been segmented into fruits and vegetables, ready-to-eat, meat, poultry, and seafood, pet food, bakery and confectionery and others. Beverages have further been segmented into alcoholic and non-alcoholic.
Get the sample copy of Report https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-aluminum-cans-market
 Aluminum Cans Market Country Level Analysis
Aluminum cans market is analyzed and market size, volume information is provided by country, type, product type, capacity and end user as referenced above.
 The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
MAJOR TOC OF THE REPORT
Chapter One: Aluminum Cans Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three : Aluminum Cans Market Competition, by Players
Chapter Four: Global Aluminum Cans Market Size by Regions
Chapter Five: North Aluminum Cans Market by Countries
Chapter Six: Europe Aluminum Cans Market Revenue by Countries
Chapter Seven: Asia-Pacific Aluminum Cans Market Revenue by Countries
Chapter Eight: South Aluminum Cans Market Revenue by Countries
Chapter Nine: Middle East and Aluminum Cans Market evenue Equipment by Countries
Chapter Ten: Global Aluminum Cans Market Segment by Type
Chapter Eleven: Global Aluminum Cans Market by Application
Get TOC Details:   https://www.databridgemarketresearch.com/toc/?dbmr=global-aluminum-cans-market
Some of the major players operating in the smart medical devices market are:
 The major players covered in the aluminum cans market report are BALL CORPORATION, Crown, Ardagh Group S.A., Amcor plc, COFCO, Silgan Containers, Kian Joo Can Factory Berhad, Toyo Seikan Group Holdings, Ltd., ALUCON, CCL Industries, Nampak Ltd., Tubex Aluminium Tubes, LINHARDT, MONTEBELLO PACKAGING, Toyo Seikan Co., Ltd., ALLTUB, CANPACK, Visy, Casablanca Industries Pvt Ltd., and Akshar Products among other domestic and global players.
Access Full Report   https://www.databridgemarketresearch.com/reports/global-aluminum-cans-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Browse Related Reports@
Global Agricultural fogging machines market
Global agriculture grade zinc chemicals market
Global Agriculture Seeder Market
Global Aluminium Nickel Catalyst Market
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energydrinkcansuk · 3 years ago
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NOCCO Limón Del Sol 330ml - 55mg / 100ml Can manufactured by Canpack
This can isn’t labelled as being part of the NOCCO BCAA range but has pretty much the same ingredients and blurb on the back of the can so it seems to be so in every way except design.
Compared to the other NOCCO BCAA range the design of this can is a breath of fresh air. It evokes memories of wonderful summer holidays to the sun-drenched coasts of Spain or Portugal with subtle imagery of a villa with sun-deck overlooking a bay the other side of which is a lovely village of terracotta roofed houses. The palm fronds peaking in from the top corners and the bottom of the design are nice finishing touches.
I really like this can and it has the feel that it would make a nice drink mixed with some sort of spirit, which is odd given they specifically mention that “Mixing with alcoholic beverages is not recommended” on the back of the can!
Contents per serving 330ml BCAA 4:1:1 (leucine, valine, isoleucine): 3000mg Caffeine: 180mg
https://energydrinkcans.uk/cans/nocco-limon-del-sol/
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futuristicchildenthusiast · 3 years ago
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Beverage Cans Market Research Report: Industry Analysis and Forecast to 2027; Fortune Business Insights™
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The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share &COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019.
The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that you can adopt the necessary strategies accordingly.
The market report includes:
· All-encompassing report of the market
· Critical insights into the market
· Dominant regions in the world
· Market drivers and restraints
· Competitive landscape
· COVID-19 impact
Market Driver:
Evolving Consumer Lifestyle to Influence Massive Growth
The rising urbanization, coupled with the growing population are factors expected to boost the growth of the market. The increasing disposable income in developing countries has led to high consumer spending on beverages, which, in turn, will propel the market growth. Brand preference has played an essential role in spurring the demand for beverages in developing countries, thus boosting the market growth. The growing knowledge about sustainable and recyclable beverage packaging among consumers will consequently improve the demand for metal cans in the forthcoming years. Moreover, shifting lifestyle choices and increasing health consciousness will fuel demand for healthy and nutritious drinks, hence favoring the business of beverage cans.
COVID-19 Impact:
Varied Effect of COVID-19 on the Beverage Cans Market
The restrictions imposed by the governments on bauxite mining, transportation of raw material, and recycling activities of aluminumhas disrupted the supply chain of the industry. Thus, a shortage in the supply of cans by beverage manufacturers. Nevertheless, the demand for beverages peaked high during the pandemic. The buying pattern of consumers changed drastically, and high consumption beverages during lockdown helped in the recovery of the beverage cans market growth. The inflated demand for beverages impelled manufacturers to adopt strategies to stabilize these cans' supply and production amid global pandemic.
Regional Analysis:
Inclination towards Healthy Beverages to Boost Market in North America
North America is expected to hold the largest beverage cans market share in the foreseeable years. The increasing health consciousness among consumers has led to high demand for healthy and nutritious beverages in the US. Asia Pacific is expected to expand rapidly during the forecast period. The growth is attributed to the rising population and urbanization activities in the region. Moreover, increasing consumer spending and changing lifestyles will have a tremendous impact on the region's market. Moreover, the growing consumer awareness regarding environmental pollution hasimpelled the manufacturers to use sustainable packaging solutions, which, in turn, will augur well for the market in Europe. Besides, the European Union's initiative to achieve the goal of circular economy will further fuel demand for these cans in the forthcoming years.
Key Development:
July 2020: CANPACK, a global manufacturer of aluminum beverage cans,began production at its greenfield facility in Stříbro, Czech Republic,after 10 months of project announcement. The plant has an investment of US$ 117.5 Mn, with the capacity to produce 1 billion cans annually.
The Report Lists the Key Companies in the Market:
· Ball Corporation (U.S.)
· Orora Packaging Australia Pty Ltd (Australia)
· Crown Holdings, Inc. (U.S.)
· Ardagh Group S.A. (Ireland)
· CANPACK S.A. (Poland)
· GZ Industries Ltd. (Nigeria)
· CPMC Holdings Ltd. (China)
· MSCANCO (Saudi Arabia)
· Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan)
· Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka)
· Universal Can Corporation (U.S.)
· Techpack Solutions (China)
· Baosteel Metal Co., Ltd. (China)
· Asia Packaging Industries (Vietnam)
· Silgan Holdings (U.S.)
· Other Key Players
Information source
https://www.fortunebusinessinsights.com/beverage-cans-market-104706
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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faroukmahmoudgd · 6 years ago
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