Beverage Cans Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation 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 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.), Can-Pack SA, (Poland) and others.
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Beverage cans are used for packaging of different alcoholic and non-alcoholic beverages, such as CSD, energy drinks, juices, and beers. Beverage cans have a better hermetic seal, and they form a good barrier against oxygen and sunlight, thereby retaining the taste of the beverage. The popularity of metal cans, among consumers, is increasing. This is mainly due to various advantages such as higher mechanical strength, and high quality of printing and decoration possible compared with other packaging solutions. This drives the growth of the market. However, fluctuating price of raw materials, might hinder the market growth.
On the basis of applications, the market has been 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.
The global Beverage Cans Market is projected to grow at a CAGR of 3.8% during the forecast period.
North America region dominates the Global Beverage Cans market
On the basis of regions, global beverage cans market is 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 market in the region. Increased recycling activities undertaken by the regulatory bodies including European Commission and national governments of France, Germany, and UK driving the growth of the market in the region. Additionally, the region is the hub of major Non-alcoholic and Alcoholic Beverages manufacturer. This also has the 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.
Scope of Report
This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.
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List of Tables
Table 1 Global Beverage Cans Market: by Region, 2017-2023
Table 2 North America Beverage Cans Market: by Country, 2017-2023
Table 3 Europe Beverage Cans Market: by Country, 2017-2023
Table 4 Asia Pacific Beverage Cans Market: by Country, 2017-2023
Table 5 Row Beverage Cans Market: by Country, 2017-2023
Table 6 Global Beverage Cans Market, by Material, by Regions, 2017-2023
Table 7 North America Beverage Cans Market, by Material, by Country, 2017-2023
Table 8 Europe Beverage Cans Market, by Material, by Country, 2017-2023
Table 9 Asia Pacific Beverage Cans Market by Material, by Country, 2017-2023
Table 10 Row Beverage Cans Market by Material, by Country, 2017-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Beverage Cans Market Share, by Material, 2016 (%)
Figure 9 Global Beverage Cans Market, by Material, 2015-2023 (Usd Million)
Figure 10 Global Beverage Cans Market Share, by Application, 2016 (%)
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