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Beverage Cans Market Set to Witness an Uptick during the Forecast Periodby sonali_86 · February 3 Cheap Jerseys Online , 2020
The globalbeverage cans marketsize is expected to reach USD 60.92 billion by 2024, according to a new report by Grand View Research, Inc. owing to increasing demand for compact beverage packaging solutions.
Increasing demand for energy drinks and canned cold coffee and iced tea in Europe and Latin America is expected to drive growth over the forecast period. Increasing consumption of canned beverages in major sports tournaments such as Major League Baseball, Barclays Premier League and La Liga owing to increased convenience in handling the beverage is expected to propel the demand for beverage cans over the forecast period.
Increasing demand for carbonated soft drinks and other flavored soda drinks in North America is expected to positively influence the demand for metal cans over the forecast period. In addition Cheap Jerseys Wholesale , the growth is expected to be driven by extensive promotional programs undertaken by soft drink manufacturers such as Coca-Cola is expected to have a positive impact on market growth.
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Further key findings from the report suggest
Carbonated soft drinks application segment is expected to witness the highest growth of over 5% from 2016 to 2024 owing to growing demand for the aerated drinks in developing economies such as India, Mexico, and ThailandHigh demand for beverage cans in the distribution of fruits & vegetable juices is expected to have a positive impact on growth. Rise in consumption of packaged fruit juices owing to consumers leading a healthier lifestyle is expected to propel demand.Europe beverage cans market Cheap Jerseys From China , was valued at more than USD 9 billion in 2015 which is expected to grow at a CAGR of over 4% from 2016 to 2024 owing to increased recycling activities undertaken by the regulatory bodies including European Commission and national governments of France, Germany, and UKAsia Pacific is expected to register a CAGR growth of over 5% from 2016 to 2024 owing to increased demand for carbonated soft drinks, energy drinks and sports drinks owing to increasing disposable income in the developing economies such as China Cheap Jerseys China , India, and IndonesiaThe major players in the industry adopt mergers and acquisitions as a key strategy for increasing the market presence. Crown Holdings Inc. acquired EMPAQUE; a leading aluminum can manufacturer in Mexico to expand its market share in the region. Application Insights
Alcoholic beverage can segment emerged as a dominant application in 2015 accounting for 35.6% of the total revenue share. High demand for alcoholic beverages during various sports events such as Barclays Premier League and basketball leagues is expected to drive the demand for alcoholic beverage cans.
The demand for beverage cans is expected to grow on account of high consumption of carbonated soft drinks in Asia Pacific and Mexico that account for a high per capita consumption of carbonated beverages. In addition, introduction of new flavors in CSDs is expected to attract the consumers towards the product leading to a spurt in the demand for beverage cans over the forecast period.
In addition, extensive promotional activities organized by the leading beverage manufacturers such as Coca-Cola and PepsiCo to promote the consumption of beverage cans is expected to drive the industry demand. The market witnessed an increased demand for caffeine based drinks including coffee Cheap Jerseys , iced tea, and other flavored drink such as sports and energy drinks owing to increased concerns regarding personal health.
The fruit & vegetable juices segment is expected to account for a relatively small share in the forecast period. Growing number of juice manufacturers in the market are expected to have a positive impact on the overall beverage cans industry. However, the impact is not expected to be significant owing to the limited penetration of metal packaging.
Product Insights
The market for beverage cans is highly dominated by the use of aluminum cans on account of superior properties such as lightweight and growing aluminum recycling primarily in Europe and North America. In addition, increasing demand for aluminum cans for use in packaging alcoholic beverages such as beer is expected to drive the market growth over the forecast period.
About Grand View Research
Grand View Research Cheap NHL Hockey Jerseys , Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. Thecompany provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions Cheap Hockey Jerseys , we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Successful Paths into Internet Marketing with SEO and SEM Marketing Articles | September 20, 2014
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