Beverage Cans Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Material (Aluminum and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices and others) and Region - Global Forecast To 2023
— Global Beverage Cans Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Beverage cans are used for packaging of different alcoholic and non-alcoholic beverages, such as CSD, energy drinks, juices, and beers. Increasing consumption of canned beverages in major sports tournaments such as Barclays Premier League, Major League Baseball, IPL and La Liga, drive the growth of the market. Innovation in metal cans such as packaging, shapes, and sizes, are also fuelling the growth of the market. This is mainly due to more expenditure by companies more on packaging innovation than production cost. However, fluctuating and high prices of raw materials, may hamper the growth of the market.
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The key strategies traced from the analysis of recent developments of the key players include product launch, agreement & partnership, acquisition and expansion. For example, Crown Holdings Inc. acquired EMPAQUE; a leading aluminum can manufacturer in Mexico to expand its market share in the region. Also, in June 2016, Ball Corporation, one of the largest manufacturers of beverage cans, announced the acquisition of Rexam PLC for, approximately, USD 6.1 billion of cash.
On the basis of regions, North America region dominates the global beverage cans market. Asia Pacific is expected to grow at the highest CAGR during the forecast period. The young population, with significant disposable income, will also fuel the demand for beverage cans in the coming years. China accounts for the largest share of the beverage cans market in the Asia Pacific region. Latin America and Middle-East & Africa are also expected to witness a positive growth during the forecast period due to growing consumption of alcoholic beverages in Brazil, South Africa, & in Middle East region.
The prominent players in the global beverage cans market include 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) and others.
Scope of the Report
This study provides an overview of the global market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global beverage cans market by its material, application and region.
• Carbonated Soft Drinks
• Alcoholic Beverages
• Fruit & Vegetable Juices
• North America
• Asia Pacific
• Rest of the World
Market Research Analysis
Global beverage cans market has been segmented based on material, application, and region. On the basis of material, the market is segmented as aluminum and steel. Aluminum material dominates the material segment of the market and is expected to be the fastest growing material segment. Aluminum possesses many advantages over steel cans as it is lightweight and has high recycling rates with easy fabrication processing. It also helps food & beverage manufacturers reduce 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 dominates the application segment of the market. Increase in demand for alcoholic beverages such as beer and cider in both, developed and developing countries drives the growth of the market. Fruit & vegetable juices segment is expected to have the highest CAGR during the forecast period. Rising concerns regarding personal health among the consumers, fuel the demand of beverage cans. Carbonated soft drinks segment is expected to contribute, significantly, during the forecast period.
Scope of Report
The report for Global Beverage Cans Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List of Tables
Table 1 Global Beverage Cans Market: by Region, 2017-2023
Table 2 North America Beverage Cans Market: by Country, 2017-2023
Table 3 Europe Beverage Cans Market: by Country, 2017-2023
Table 4 Asia Pacific Beverage Cans Market: by Country, 2017-2023
Table 5 Row Beverage Cans Market: by Country, 2017-2023
Table 6 Global Beverage Cans Market, by Material, by Regions, 2017-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
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Name: Abhishek Sawant
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Release ID: 513030