With 5.2% CAGR, Global Beverage Cans Market Is Projected To Touch US$ 75 Bn By 2032 : Fact.MR

The global beverage cans market is valued at US$ 45 billion in 2022 and is projected to touch US$ 75 billion by the end of 2032, registering a CAGR of 5.2% from 2022 to 2032 (forecast period).

A beverage can is a container that is particularly made for carrying liquids such as fruit and vegetable juices, carbonated drinks, beer, flavored drinks, and ready-to-drink coffee and tea. These cans can be constructed of plastic, metal, or aluminum, among other materials.

Beverage cans can be chilled rapidly and feel especially fresh to the touch. The sound of a can opener is a distinct indicator that the drink is completely fresh. Beverage cans are also convenient and portable, besides being sturdy and lightweight, making them an excellent choice, especially for those living active lives.

For Critical Insights on This Market, Request a Sample Report

https://www.factmr.com/connectus/sample?flag=S&rep_id=4177

Competitive Landscape

The beverage cans market is tremendously fragmented with the presence of several worldwide corporations. Leading players in the global beverage cans market are pursuing competitive pricing and technological improvements, together with new packaging solutions, to achieve a competitive edge.

Moreover, to improve their market position, the majority of large corporations have employed many inorganic and organic growth tactics. Furthermore, production growth in places where sustainability consciousness is growing and new product releases are among the important business tactics these firms take to expand their product range and meet increasing product demand.

• In July 2021, Ball Corporation established new aluminium beverage packaging factories that can manufacture millions of cans yearly. Ball Corporation is to build additional operations in Western Russia and the East Midlands of the United Kingdom, adding billions of cans per year to its current capacity. Each factory is expected to produce billions of cans per year in a variety of sizes and formats.

• In May 2021, Volnaa launched packaged drinking water in aluminium cans, making it more straightforward for individuals to securely sip water on the go. With the relock revolution, the firm intends to combat the threat of plastic pollution by producing cans that are 100% recyclable. A company spokesperson noted that the product could be moved from the shelf to the dumpsters and back to the shelf within 60 days.
Due to these characteristics, the company is likely to have long-term growth.

To learn more about Beverage Cans Market, you can get in touch with our Analyst

https://www.factmr.com/connectus/sample?flag=AE&rep_id=4177

Key Companies Profiled

• Crown Holdings Inc.
• Ardagh Group
• Aditya Birla Management Corporation Pvt. Ltd. (Novelis)
• Ball Corporation
• Silgan Holdings Inc.
• Toyo Seikan Group Holdings
• Kian Joo Can Factory
• CPMC Holdings Ltd

Key Segments of Beverage Cans Industry Research

• By Structure

o Two-Piece
o Three-Piece

• By Material

o Steel
o Aluminium
o Other (Glass & Plastic)

• By Capacity

o Less than 12 Ounces
o Between 12-24 Ounces
o More than 24 Ounces

• By Application

o Alcoholic Beverage Cans
o Carbonated Soft Drinks
o Sports & Energy Drinks
o Other Beverage Cans

• By Region:

o North America
o Latin America
o Europe
o APAC
o MEA

Get Free Access to this Report :

https://www.factmr.com/checkout/4177

Questionnaire answered in the Beverage Cans Market report include:

• How the market for Beverage Cans has grown?
• What is the present and future outlook of the global Beverage Cans on the basis of region?
• What are the challenges and opportunities for the Beverage Cans?
• Why the consumption of Beverage Cans highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Beverage Cans market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Beverage Cans market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Beverage Cans market and assists to create strategies to overcome the obstacles that may hinder the growth of the Beverage Cans market.

• Leverage: The Beverage Cans market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Beverage Cans market.

Explore Fact.MR's More Insights on the Consumer Goods Domain

Smart Wine Cellar Market : https://www.prnewswire.com/news-releases/united-states-emerges-as-hotspot-for-smart-wine-cellar-sales-factmr-study-301285676.html

Beauty Oils Market : https://www.prnewswire.com/news-releases/social-media-influence-and-rising-popularity-of-self-care-will-bolster-demand-for-beauty-oils-170-pages-beauty-oils-market-survey-by-fact-mr-a-market-research-and-competitive-intelligence-provider-301322099.html

21st floor , 136 Sejong-daero,
Seoul,100-768
South Korea
Phone: +1 (628) 251-1583
Email: sales@factmr.com

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed . Our sales offices in United States and Dublin, Ireland. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.