Beverage can ends market to see growth of around $439 million
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According to a report by market research specialist Technavio, the beverage can end market is projected to grow by $438.78 million from 2020-2025.
The latest report on the beverage can ends market by Technavio infers that the increased need for metal cans is driving this market, and that North America will contribute to 39% of the market growth during the forecast period.
The beverage can ends market is fragmented, and the vendors are deploying both organic and inorganic growth strategies to compete in the market. Various vendors operating in the market are competing on factors such as product portfolio and price. The competition in the market is expected to intensify during the forecast period due to product portfolio expansion, innovations in technology for enhancing recyclability, and the development of products to ensure customer convenience in the use of metal cans.
Ardagh Group SA, Ball Corp, Can Ends Packaging Ltd, CAN-PACK SA, Crown Holdings Inc, Envases Universales de Mexico SAPI de CV, Helvetia Packaging AG, Mahmood Saeed Beverage Cans & Ends Industry Company Ltd, Novelis Inc, and Orora Packaging Australia Pty Ltd among others are some of the few key vendors competing to maintain their market position in the market, according to Technavio.