Global Beverage Cans Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Beverage Cans Market overview:

The global beverage cans market is estimated to register a CAGR of X.X% in terms of value during the forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The beverage cans market report has been segmented on the basis of product, application, and region.

This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

The beverage can is a metal container designed to hold a fixed quantity of liquid such as alcoholic beverages, carbonated soft drinks, teas, herbal teas, fruit juices, and energy drinks.  Beverage cans are made of aluminum or tin-plated steel. Moreover, these cans are fully and infinitely recyclable without any quality loss.

On the basis of product, the aluminum segment is estimated to hold a major revenue share in the global beverage cans market and is expected to maintain its dominance over the forecast period. The lightweight and high molding properties of aluminum are expected to be major factors driving the market growth. Moreover, increasing recycling programs undertaken by various national governments owing to concerns regarding depletion of natural resources is anticipated to drive market growth.

On the basis of application, the alcoholic beverages segment is estimated to hold a major revenue share in the global beverage cans market on account of the increase in demand for beer in developing and developed economies, which is expected to boost the segment growth over the forecast period. Better cooling properties of cans are expected to boost the market growth.

The North American market is estimated to hold a major revenue share in the global beverage cans market, in 2017 and is expected to maintain its dominance over the forecast period. Growing demand for packaged food & beverages in the region owing to the increasing purchase power of people is expected to be a major factor driving market growth. North America accounts for the largest revenue share contribution of the target market, followed by markets in Europe, Asia Pacific, Latin America, and the Middle East & Africa respectively. Growing concerns regarding the consumption of sustainable packaging materials are anticipated to fuel market growth.

Moreover, increasing demand for sports drinks such as Red Bull, Gatorade, and Monster in the region is expected to propel market growth in the next ten years. In addition, an increase in consumption of alcoholic beverages such as beer is anticipated to augment market growth over the forecast period.

Market segmentation and key players operating in the global beverage cans market:

By product:

• Aluminum
• Steel

By application:

• Alcoholic beverages (beer, cider, and spirits)
• Carbonated soft drinks (CSDs)
• Fruit & vegetable juices
• Others (sports & energy drinks)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa