Global Beverage Cans Market 2018-2022
About Beverage Cans
Beverage cans are used for different non-alcoholic beverages, such as CSD, energy drinks, and juices. It is observed that the popularity of metal cans is increasing among consumers. This is mainly because beverage cans have a better hermetic seal and good barrier against oxygen and sunlight, thereby retaining the taste of the beverage. The global beverage cans market is expected to grow on the back drops of factors such as increased need for metal cans and rise in consumption of energy drinks. There is an increased need for metal cans due to their various advantages such as higher mechanical strength and high quality of printing and decoration possible compared with other packaging solutions.
Technavio’s analysts forecast the global beverage cans market to grow at a CAGR of 3.19% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global beverage cans market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of beverage cans.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Beverage Cans Market 2018-2022
Technavio recognizes the following companies as the key players in the global beverage cans market: Ardagh Group, Ball Corporation, CAN-PACK S.A, CPMC HOLDINGS, Crown, and Orora Packaging Australia.
Other Prominent Vendors in the market are: BWAY Corporation, Kian Joo Can Factory Berhad, Metal Packaging Europe, Silgan Holdings, Tata Steel, and Toyo Seikan Group Holdings.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing market for ready-to-drink (RTD) coffee and tea. There has been a rise in the RTD coffee and tea consumption. These drinks are not only seen as instant energy drinks but also form a part of the lifestyle in most countries such as Japan and the US. The major factors driving the RTD tea and coffee market are the growing health awareness and rising disposable incomes of the population. The rising consumption of the on-the-go health drinks has mainly made an impact on the demand for RTD tea and coffee.”
According to the report, one of the major drivers for this market is Increased need for metal cans. Metal cans are used for beverage such as beer, soft drinks, ready-to-drink tea and coffee, and juices. One of the major factors driving the growth of the global beverage cans market is the augmented need for metal cans. The rising preference for metal packaging over other types of packaging is because of various advantages that metal encasing products provide.
Ardagh Group, Ball Corporation, CAN-PACK S.A, CPMC HOLDINGS, Crown, Orora Packaging Australia, BWAY Corporation, Kian Joo Can Factory Berhad, Metal Packaging Europe, Silgan Holdings, Tata Steel, and Toyo Seikan Group Holdings.