Global Beverage Can Ends Market 2019-2023
About this market
Stringent government regulations on use of non-biodegradable plastic to drive growth in the market. Several international regulatory bodies and governments focus on minimizing the use of plastics in the packaging industry. Technavio’s analysts have predicted that the beverage can ends market will register a CAGR of over 3% by 2023.
Growth of global beverage packaging market
Various packaging containers such as glass bottles, metal cans, and bottles made from plastic polymer are widely used as primary packaging solution for beverages.
Volatility in raw materials
Any volatility in the aluminum and or steel prices poses a major challenge to the vendors operating in the market.
For the detailed list of factors that will drive and challenge the growth of the beverage can ends market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Novelis, and Orora Packaging the competitive environment is quite intense. Factors such as the growth of global beverage packaging market and the stringent government regulations on use of non-biodegradable plastic, will provide considerable growth opportunities to beverage can ends manufactures. Ardagh Group, BALL, Crown, Novelis, and Orora Packaging are some of the major companies covered in this report.
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