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.
U.S. beverage cans market volume, by application, 2013 - 2024 (Billion Units) |
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.
Browse full
research report on Beverage Cans Market: www.grandviewresearch.com/industry-analysis/beverage-cans-market
Further
Key Findings From the Study 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.
Browse more
reports of this category by Grand View Research: 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Russia
- Spain
- Asia
Pacific
- China
- India
- Australia
- Latin
America
- Brazil
- Middle
East & Africa
- South
Africa
Access
Press Release By Grand View Research: 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.
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