logo
logo
Sign in

Food & Beverage Metal Cans Market Business Revenue, Future Scope, Market Trends, Key Players and Forecast to 2023

avatar
sagar k

Competitive Analysis

The major market players in the global Food & Beverage Metal Cans Market comprises of Silgan Holdings Inc. (U.S.), BWAY Corporation (U.S.), Toyo Seikan Group Holdings, Ltd. (Japan), Kian Joo Can Factory Berhad (Malaysia), Orora Packaging Australia Pty Ltd (Australia), CPMC Holdings Ltd. (China), HUBER Packaging Group GmbH (Germany), Ball Corporation (U.S.), Crown Holdings Incorporated (U.S.), Ardagh Group (Luxembourg), and Can-Pack SA, (Poland).

Industry News

September 2019: California Cider Co., the company behind the popular Ace ciders, established a canning line in its Sebastopol production plant to launch its fast-selling Ace pineapple craft cider in aluminum cans.

Segmental Analysis

The global Food & Beverage Metal Cans Market is segmented on the basis of materials and applications. The materials used to make beverage cans are aluminum and steel. The aluminum segment dominates the market and is expected to sustain its leading market share over the review period. This is attributed to its superior properties as compared to steel, such as lightweight, higher recycling rates with secure manufacture processing. Additionally, the steel segment is also expected to acquire a substantial growth rate over the review period. The applications

Beverage Cans Market Regional Analysis

Europe is another primary market for beverage cans. Germany, the U.K., and France are the major markets in the region. Increased recycling activities are undertaken by the regulatory bodies, including the European Commission, and national governments of France, Germany, and the UK drive the growth of the market in the region. Furthermore, Europe is the hub of major non-alcoholic and alcoholic beverage manufacturers. This also has an encouraging influence on the growth of the market.

Asia Pacific is poised to grow at the highest CAGR during the forecast period. China, Australia, Japan, India, and Indonesia are the country-wise significant markets in the Asia Pacific region. An upsurge in purchasing power in the region fuels the growth of the market. Additionally, the availability of raw materials and lower labor cost, together are a positive impact on market growth. The young population, with momentous disposable income, will also drive the demand for beverage cans in the foreseeable future. China accounts for the largest share of the Food & Beverage Metal Cans Market in the Asia Pacific region over the review period. Moreover, Latin America and Middle-East & Africa are also touted to observe positive growth over the forecast period owing to the growing consumption of alcoholic beverages in major markets such as South Africa, Brazil, & in the Middle East region.

 

Access Full Report With Complete TOC @ https://www.marketresearchfuture.com/reports/beverage-cans-market-5180

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

collect
0
avatar
sagar k
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more