Global Beverage Cans Market report 2018-22
The report, Global Beverage Cans Market 2018-22, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market, including: the Ardagh Group; Ball Corporation; Can-Pack S.A.; CPMC Holdings; Crown; and Orora Packaging Australia.
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.
The analysts forecast the global beverage cans market to grow at a CAGR of 3.19% during the period 2018-22.
The report covers the present scenario and the growth prospects of the global beverage cans market for 2018-22. To calculate the market size, the report considers the revenue generated from the sales of beverage cans.
Key questions answered in this report:
– What will the market size be in 2022 and what will the growth rate be?
– What are the key market trends?
– What is driving this market?
– What are the challenges to market growth?
– Who are the key vendors in this market space?
Commenting on the report, an analyst from the research 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.”