Global Beverage Cans Market Information Report by Material (Aluminum and Steel), by Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices and others) and By Region - Global Forecast To 2023

Pune, India -- (SBWire) -- 04/13/2018 --Global Beverage Cans Market – Overview

Beverage cans are largely used for packaging of different kind of alcoholic and non-alcoholic beverages, like CSD, energy drinks, juices, and beers. Beverage cans have a superior hermetic seal and good barrier against oxygen and sunlight, thereby retaining the taste of the beverage. . The Global Beverage Cans Market is increasing with the rapid pace; mainly due to the growth in packaged food & beverage industries. Increase in customer income in developing countries such as China, India, and Brazil, have led to growth in demand for beverage cans.

According to a recent study report published by the Market Research Future, The global market of Beverage Cans is booming and expected to gain prominence over the forecast period. The global Beverage Cans market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a CAGR of 3.08% during the estimated period (2017 – 2023).

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High consumption of canned beverages in major sports events such as Barclays Premier League, Major League Baseball, IPL and La Liga fuelling the growth of the market. Additionally, Advancements in metal can such as packaging, shapes, and sizes also driving the growth of the market. This is because major companies are spending more on packaging innovation rather than on production cost. However, fluctuating raw material prices and expensive, are the factors may hamper the growth of the market.

Key Players

- 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)

These are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Beverage Cans Market.

Industry News

In April 2016, Ardagh Group has entered into an agreement with Ball Corporation (Ball) and Rexam PLC (Rexam) to purchase certain metal beverage can manufacturing assets and support locations in Europe, Brazil and the United States.

Global Beverage Cans Market - Competitive Analysis

Global Beverage Cans Market appears to be highly fragmented and competitive owning to the presence of numerous large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Beverage Cans manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Beverage Cans for every application.

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Beverage Cans Market – Segmentation

Global Beverage Cans Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.

On the basis of materials, the market has been segmented as Aluminum and Steel. Aluminum dominates the material segment of the market and is expected to be the highest growing material segment. Aluminum material possesses numerous advantages over steel cans like they are lightweight and has high recycling rates with easy fabrication processing. It helps the food & beverage manufacturers to decrease the weight of cans by more than 30%, with high recycling rate. Steel material is also expected to contribute significantly during the forecast period.

On the basis of Application, the market is segmented as Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices and others. Alcoholic Beverages accounted for the largest share in 2016. High demand for alcoholic beverages such as beer and cider in developed as well as developing country pouring the growth of the market. Fruit & Vegetable Juices segment is anticipated to grow at a maximum CAGR during the forecast period. Increasing concerns regarding personal health among the customers driving the demand of beverage cans. Carbonated soft drinks segment is likely to contribute significantly during the forecast period.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Global Beverage Cans Market - Regional Analysis

North America dominates the global beverage cans market. High demand for metal cans in the region is the key factor pouring the growth of the market. Furthermore, growing concerns regarding the use and consumption of sustainable packaging materials is likely to drive the demand for market growth. U.S. accounted for the largest market share in North America.

Europe is another key market for the beverage cans. The region is the hub of major non-alcoholic and alcoholic beverages manufacturer. This has the positive influence on the growth of the market. The U.K., Germany and France dominate the beverage cans market in Europe. Asia Pacific region anticipated to grow at the fastest pace during the forecast period. Increasing the young population base with significant disposable income will fuel the demand for beverage cans in the coming years.

Latin America and Middle-East & Africa regions are also projected to show a positive growth during the forecast period due to increasing consumption of alcoholic beverages in Brazil, South Africa, & in Middle East region.

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