Beverage Cans Market Revenue Share Analysis, Company Profiles, and Forecast
Posted by Supriya Kokate on December 28th, 2021
The Global Beverage Cans market size is forecast to reach USD 32.93 Billion from USD 26.35 Billion in 2019, delivering a CAGR of 2.85% through 2027. The market growth is driven by the increasing popularity of energy & sports drinks, growth in aluminum recyclability prospects, rising health concern regarding the usage of plastic packaging, and beneficial properties of metals like aluminum, such as lightweight and high molding capacity.
Growing consumer awareness regarding the negative health impact of plastics container usage is prompting industry players to switch to glass and metal alternatives for beverage packaging. Several environmental lobby groups and Government agencies are also pestering manufacturers to significantly reduce plastic packaging. Carbonated drinks and water are usually bottled in PET bottles. However, bans on plastic packaging across several countries in the world will boost the adoption of beverage cans over the coming years.
The superior properties offered by cans, including temperature maintenance and protection from the external environment, is fuelling the adoption of beverage cans. Increasing consumer inclination towards highly portable beverage packaging is poised to boost beverage cans market growth. Moreover, the increased consumption of performance enhancement beverages like sports & energy drinks, rehydration drinks, and caffeine-based drinks is likely to create major opportunities for industry growth over the forecast period.
Key players operating in the global beverage cans market are Ardagh Group S.A., ORG Packaging, Carolina Beverage Group, Ball Corporation (U.S.), Amcor, Crown Holdings, Inc., Silgan Holdings (U.S.), Orora, The Olayan Group, Bangkok Can Manufacturer Co. Ltd., Nampak Bevcan Limited, and Can-Pack S.A., among others.
For the purpose of this report, Reports and Data has segmented the Beverage Cans Market on the basis of size, material, structure, application, and region:
Size (Revenue, USD Billion; 2017-2027)
Material Outlook (Revenue: USD Billion; 2017-2027)
Structure Outlook (Revenue: USD Billion; 2017-2027)
Application Outlook (Revenue: USD Billion; 2017-2027)
Regional Outlook (Revenue: USD Billion; 2017-2027)
Further key findings from the report suggest
Key insights presented in the report:
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About the AuthorSupriya Kokate
Joined: January 23rd, 2019
Articles Posted: 588
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