The food and beverage metal cans global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Food And Beverage Metal Cans Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The food and beverage metal cans market size has grown strongly in recent years. It will grow from $33.02 billion in 2023 to $35.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to development of non-bpa linings, preservation and shelf life, demand for convenience food, product protection.
The food and beverage metal cans market size is expected to see strong growth in the next few years. It will grow to $46.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to transportation efficiency, demand for attractive canvas, safety and food security, government initiatives. Major trends in the forecast period include ready-to-drink (rtd) beverages innovations, labeling and design innovations, convenience and easy opening, aluminum beverage bottles.
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Scope Of Food And Beverage Metal Cans Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food And Beverage Metal Cans Market Overview
Market Drivers –
Increasing consumption of alcoholic beverages is expected to propel the growth of the food and beverage metal cans market going forward. Alcoholic drinks are those appropriate for human consumption and have a volume alcohol content of 1% or higher. Alcoholic beverages are packaged in metal cans because they are simple to fill, convenient and recyclable. For instance, in 2021, according to the National Institute on Alcohol Abuse and Alcoholism, a US-based alcohol-related researcher, the U.S. ethanol consumption from all alcoholic beverages combined per person in 2021 was 2.51 gallons, up 2.9% from 2.44 gallons in 2020. Further, according to the U.S. Census area, per capita alcohol consumption increased between 2020 and 2021 in the Northeast by 5.4%, Midwest by 1.6%, South by 3.4% and West by 2.3%. Therefore, the increasing consumption of alcoholic beverages will drive the food and beverage metal cans market.
Market Trends –
Major companies operating in the food and beverage metal cans market are focused on innovating advanced solutions to strengthen their position in the market. For instance, in June 2023, Eviosys Packaging Switzerland GmbH, a Switzerland-based smart, sustainable packaging provider, launched Ecopeel, a new metal food can package solution. It is specially made with a peelable foil seal that is directly adhered to the can’s body and takes the place of the standard ring-pull opening mechanism. It minimizes 20% of carbon footprint per can and is easy to open with a 45-degree sealing surface.
The food and beverage metal cans market covered in this report is segmented –
1) By Type: 2-Piece Cans; 3-Piece Cans
2) By Material: Aluminum; Steel
3) By Degree Of Internal Pressure: Pressurized Cans; Vacuum Cans
4) By Fabrication: Plain; Embossed; Printed; Other Fabrications
5) By Application: Food; Beverage
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Regional Insights –
North America was the largest region in the food and beverage metal cans market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in food and beverage metal cans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major players in the food and beverage metal cans market are Ball Corporation, Crown Holding Inc., Sonoco Products Company, Silgan Holding Inc., Greif Inc., Ardagh Metal Packaging S.A, Mauser Packaging Solutions Holding Company, Crown Cork & Seal Co. Inc., Berlin Packaging LLC, CPMC Holdings Ltd., Can-Pack S.A, Huber Packaging Group GmbH, Nampak Ltd., Massily Holdings S.A.S, BWAY Corporation, Great China Metal Industries Co. Ltd., NCI Packaging Ltd., CCL Container SA de CV, Independent Can Co, Jamestrong Packaging Pty Ltd., DS Containers Inc., Muller and Bauer Gmbh, Allstate Can Corporation, P. Wilkinson Containers Ltd., Allied Cans Ltd.
Table of Contents
1. Executive Summary
2. Food And Beverage Metal Cans Market Report Structure
3. Food And Beverage Metal Cans Market Trends And Strategies
4. Food And Beverage Metal Cans Market – Macro Economic Scenario
5. Food And Beverage Metal Cans Market Size And Growth
…..
27. Food And Beverage Metal Cans Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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