San Francisco, 26 December 2018, Beverage Cans Market Analysis By Product
(Aluminum, Steel), By Application (Carbonated Soft Drinks, Alcoholic Beverages,
Fruit & Vegetable Juices), By Region (North America, Europe, Asia Pacific,
Latin America, MEA) And Segment Forecasts, 2018 – 2024
The global beverage cans market size is expected to reach
USD 60.92 billion by 2024, according to a new report by Grand View Research,
Inc. owing to increasing demand for compact beverage packaging solutions.
Increasing demand for energy
drinks and canned cold coffee and iced tea in Europe and Latin America is
expected to drive growth over the forecast period. Increasing consumption of
canned beverages in major sports tournaments such as Major League Baseball,
Barclays Premier League and La Liga owing to increased convenience in handling
the beverage is expected to propel the demand for beverage cans over the
forecast period.
Increasing demand for
carbonated soft drinks and other flavored soda drinks in North America is
expected to positively influence the demand for metal cans over the forecast
period. In addition, the growth is expected to be driven by extensive
promotional programs undertaken by soft drink manufacturers such as Coca-Cola
is expected to have a positive impact on market growth.
Access Full Research
Report On Beverage Cans Market Analysis:
www.grandviewresearch.com/industry-analysis/beverage-cans-market
www.grandviewresearch.com/industry-analysis/beverage-cans-market
Further key findings from the report suggest
·
Carbonated soft drinks
application segment is expected to witness the highest growth of over 5% from
2016 to 2024 owing to growing demand for the aerated drinks in developing
economies such as India, Mexico, and Thailand
·
High demand for beverage cans
in the distribution of fruits & vegetable juices is expected to have a
positive impact on growth. Rise in consumption of packaged fruit juices owing
to consumers leading a healthier lifestyle is expected to propel demand.
·
Europe beverage cans market,
was valued at more than USD 9 billion in 2015 which is expected to grow at a
CAGR of over 4% from 2016 to 2024 owing to increased recycling activities undertaken
by the regulatory bodies including European Commission and national governments
of France, Germany, and UK
·
Asia Pacific is expected to
register a CAGR growth of over 5% from 2016 to 2024 owing to increased demand
for carbonated soft drinks, energy drinks and sports drinks owing to increasing
disposable income in the developing economies such as China, India, and
Indonesia
·
The major players in the
industry adopt mergers and acquisitions as a key strategy for increasing the
market presence. Crown Holdings Inc. acquired EMPAQUE; a leading aluminum can
manufacturer in Mexico to expand its market share in the region.
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Grand View Research At: www.grandviewresearch.com/industry/food-safety-and-processing
Grand View Research has segmented the
global beverage cans market on the basis of product, application and region:
Product Outlook (Volume,
Million cans; Revenue, USD Million, 2013 - 2024)
·
Aluminum
·
Steel
Application Outlook (Volume,
Million cans; Revenue, USD Million, 2013 - 2024)
·
Carbonated Soft Drinks
·
Alcoholic Beverages
·
Fruit & Vegetable Juices
·
Others
Regional Outlook (Volume,
Million cans; Revenue, USD Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
France
o
UK
o
Russia
o
Spain
·
Asia Pacific
o
China
o
India
o
Australia
·
Latin America
o
Brazil
·
Middle East & Africa
o
South Africa
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www.grandviewresearch.com/press-release/global-beverage-cans-market
www.grandviewresearch.com/press-release/global-beverage-cans-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
