Global Beverage Can Ends Market: Overview
A beverage can is the common packaging form for both the non-alcoholic as well as alcoholic drinks like juices, beer, carbonated soft drinks, and energy beverages. The beverage can ends provide an excellent barrier against solar rays and oxygen and hence help in maintaining the beverage quality.
Global Beverage Can Ends Market: Growth Factors
The overall beverage can ends industry is set to witness a lucrative surge owing to rise in the intake of energy drinks and escalating requirement of metal cans. In addition to this, favorable product features including high-quality printing along with higher mechanical strength will fuel the growth of the industry in the ensuing years. Beverage can ends are cost-efficient & light in weight and require a low proportion of metal during its manufacturing. Furthermore, these products are totally recyclable and can be used conveniently by end-users.
Moreover, strict government laws related to the prominent usage of non-decomposable plastics will accelerate the beverage can ends industry expansion in the years ahead. Apart from this, many of the regulatory & state authorities across the globe are emphasizing on reducing the usage of plastics across the packaging sector due to rising concerns over environmental pollution. This will further soar the industry growth rate in the foreseeable timespan. However, instability witnessed in the prices of raw material like aluminum and steel will hinder the market expansion during the estimated timeline.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Beverage Can Ends Market: Segmentation
The beverage can ends market can be classified based on material which is further divided into aluminum and steel. Based on regions, the beverage can ends industry can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Global Beverage Can Ends Market: Regional Analysis
Regionally, the North American market is anticipated to dominate the overall industry growth during the forecast timeline. The regional industry growth can be credited to rise in the demand for health as well as wellness drinks in the countries like the U.S. The manufacturers in the region are focusing on introducing new kinds of packaging to make the product visually appealing to the customers along with improving the recognition of the brands.
Moreover, the beverage cans end industry in Europe is likely to gain traction over the forthcoming years due to the rise in the use of re-packaging of health drinks as well as carbonated drinks. In addition to this, manufacturers in Europe offer myriad types of user-friendly designs & colors to the embossed pull-tab beverage can end for branding their products. This is likely to catapult the industry growth in Europe.
Furthermore, the rampant increase in the retail & e-commerce activities across countries like China and India will increase the market penetrations in the Asia Pacific region.
Global Beverage Can Ends Market: Competitive Players
Some of the giant firms in beverage cans end industry include BALL, Hangzhou Shield Trading Co., Ltd., Orora Packaging, Jinan Erjin Import & Export Co., Ltd., Crown, Shandong Sinopackmate Co., Ltd., Novelis, Anhui Wonderful-Wall Color Coating Aluminium Science Technology Co., Ltd., and Ardagh Group.
Global Beverage Can Ends Market: Regional Segment Analysis
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