Beverage Cans Market size is expected to reach nearly US$ 34.7 Bn. by 2027 with the CAGR of 5.6% during the forecast period.
Beverage Cans Market Scope:
The Beverage Cans Market research report outlines the sector's competitive landscape in order to assist the major market players in increasing their market shares and maintaining their competitiveness. The study outlines the competitive landscape for the industry using the PESTEL analysis and Porter's five forces model. The important investment options for the sector's players to profit are also included in the research report. These analytical structures are calculated based on their CAGR and relative market share. The study includes a list of the major market players, their financial standing, and their relative market shares across the globe. The study's company profiles also cover the strategic advancements achieved by the leading businesses in the industry on a global and regional level, including mergers and acquisitions, new covenants, partnerships, and product launches.
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COVID 19 Impact:
The pandemic outbreak had a significant global impact and slowed socioeconomic progress. As a result, the market analysis for Beverage Cans provides a micro- and macroeconomic evaluation of the sector throughout the epidemic. The study also breaks down the effect of Covid-19 on the market qualitatively. In addition, the study work supports the market size based on the pandemic's overall effects on the sector and sheds insight on the post-covid environment in the coming years. The report also focuses on the fundamental tactics used by the main parties throughout the global health crisis. In addition, it provides a clear framework for how the pandemic would affect sales, the supply chain, and other crucial parts of the market.
Report Insights:
This study examines the market's capacity, production, structure, sales (consumption), price, and gross margin. In order to compile current government rules, knowledge of the industry, and data, primary and secondary research with qualitative and quantitative components was conducted. The research document provides information on significant trends, regional dynamics, and market drivers.
Market Dynamics:
The market research study evaluates the market's demographics, development prospects, and suitability for the study period. This element aids in determining the market's size and lays the groundwork for the market's ability to sustain its present growth pattern over time. The market research also highlights the main industries' current and future investment opportunities. These minute details have been thoughtfully created to help the stakeholders completely comprehend the state of the market's potential opportunities.
Market Segmentation:
On the basis of material, the global beverage cans market is segmented into aluminum, steel, and plastic. The Aluminum segment generated the highest market share in 2021 and is anticipated to grow continuously during the forecast period. Globally, over 70% of the beverage cans are made with aluminum owing to its properties like the ease of manufacturing & transport, economical, and lightweight. Steel beverage cans appeared to show below-average growth due to their chances of reacting with a beverage in the can and heavyweight.
List of Key Players:
• Ardagh Group
• Ball Corporation
• Nampak Bevcan Limited
• Crown Holdings Inc.
• Amcor
• Orora Ltd.
• Silgan Holdings Inc.
• ORG Packaging
• Toyo Seikan Group Holdings
• Bangkok Can Manufacturer Co. Ltd.
• CPMC Holdings Ltd.
• Carolina Beverage Group
• Kian Joo Can Factory
• HUBER Packaging Group GmbH
• Can-Pack SA
• Showa Denko K.K.
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Report Brief:
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Dec 06, 2022