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.
Full research report on beverage cans market analysis: http://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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by Grand View Research at: https://www.grandviewresearch.com/industry/food-safety-and-processingGrand 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
Access Full
Press Release of this Report:
https://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: https://www.grandviewresearch.com/
