Beverage Cans Market

A can of cola is always refreshing. It soothes the consumers in hot summers, and can help him overcome the intense temperature. The key highlight of the drinks apart from the cola or any other beverages is the can in which they are packaged. These cans allow the drinks to remain contamination free and are capable of maintaining the pH of the drink. This is an important parameter that defines the shelf-life of the beverage. Backed by these advantages the global beverage cans market is projected to witness a substantial growth over the period of time. Moreover, additional benefits like reusability and comparatively less impact on the environment also accelerates the growth of global beverage cans market.

With developments of technology, the manufacturers of these cans are now able to produce cans with precise parameters that ensures the consistency in the drink. For instance, the leader beverage company, Coca-Cola has multiple IoT enabled production line which ensures the precision manufacturing of the can throughout the facility. These production lines use sensors to monitor the quality of the can on the basis of component composition, height, weight, and volume. This adds the value of improved quality for the business, which is probable reason for the lion’s share of the company in the beverages market.

The Fact.MR report offers forecast of the beverage cans market for the period 2019-2027. According to the report, the beverage cans market is projected to record over 4% CAGR through 2027. The food & beverage sector continues to generate lucrative opportunities for leading industry giants to gain leading market share in the beverage cans segment. Fact.MR, a leading research firm, opines that the overall sales of beverage cans was pegged at more than US$ 45 Bn in 2018 and the global beverage cans market is likely to grow at a decent pace during the forecast period owing to growing demand for metal packaging across the developed as well as developing economies.

The global Beverage Cans Market study presents an all in all compilation of the historical, current and future outlook of the Market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each Beverage Cans Market player in a comprehensive way. Further, the Beverage Cans Market report emphasizes the adoption pattern of the Beverage Cans across various industries.

The Beverage Cans Market report highlights the following players:

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

Fact.MR, a leading research firm, opines that the overall sales of beverage cans was pegged at more than US$ 45 Bn in 2018 and the global beverage cans market is likely to grow at a decent pace during the forecast period owing to growing demand for metal packaging across the developed as well as developing economies. In addition, the growing beverage industry along with changing consumer preferences are among the key trends anticipated to amplify the overall sales of beverage cans over the forecast period. Currently, North America holds the leading share in the global beverage cans market owing to significant demand for canned beverages in the market. The demand for alcoholic beverages, energy drinks and sparkling waters coupled with rising urbanization are projected to augment the growth of the global beverage cans market. For instance, the Ball Corporation, a leading beverage cans manufacturer in North America Market introduced new Cameo End Printings for beverage cans in August, 2019. These new printed top cans are more appealing and can attract customers easily.

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Widespread Applications of Beverage Cans Creating New Growth Verticals