The beverage can ends market is expected to witness market growth at a rate of approximately 5.10% in the forecast period of 2021 to 2028, and will reach the value of USD 744.37 million by 2028. Data Bridge Market Research report on beverage can ends market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.The rise in the beverage sector globally is escalating the growth of beverage can ends market.
Beverage cans are considered one of the most common packaging formats for alcoholic and non-alcoholic beverages, including energy drinks, beer, carbonated soft drinks and juices. The beverage provides a good barrier againstoxygen and sunlight, retaining the quality of the beverage.
The increased need for metal cansacross the globe acts as one of the major factors driving the growth of beverage can ends market.The rise in demand for beverage can ends because of its numerous advantages such as higher mechanical strength and high quality printing coupled with possible decoration as compared withother packaging solutions, and increase in the consumption of ready to consume health drinks accelerate the market growth. The high adoption of the as a cost effective packaging solutions as they are light in weight and small amount of metalrequired in the manufacturing process, and rise in trend of beverage can ends owning to their recyclable making the aluminum a permanent resource that reinforces the circular economy further influence the market. Additionally, consumption of energy drinks, urbanization,rise in spending on beverages, improved lifestyle positively and increase in consumer preference towards quality alcoholic beveragespositively affect thebeverage can ends market. Furthermore, advancements in the material extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
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Beverage Can Ends Market Scope and Market Size
The beverage can ends marketis segmented on the basis of product type, material type, size and end use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
Competitive Landscape and Beverage Can Ends Market Share Analysis
The beverage can end the market competitive landscape provided by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to beverage can ends market.
The major players covered in the beverage can ends market report are BALL CORPORATION, Crown, Tetra Laval International S.A., Orora Packaging Australia Pty Ltd, Silgan Holdings Inc., Ardagh Group S.A., Mahmood Saeed Beverage Cans & Ends Industry Company Limited (MSCANCO), CPMC Holdings Limited, CANPACK, The Olayan Group., Bangkok Post Public Company Limited, Nampak Ltd., Kian Joo Can Factory Berhad, SHOWA DENKO K.K., and SWAN Industries (Thailand) Company Limited., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Global Beverage Can Ends Market Country Level Analysis
The beverage can ends market is analyzed and market size, volume information is provided by country, product type, material type, size and end use as referenced above.
The countries covered in the global beverage can ends market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the beverage can ends market due to thedemand for ready to go health drinks within the region. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the expansion of the retail sector in the developing countries such as India and China.
The country section of the beverage can ends market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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