LONDON–(BUSINESS WIRE)–Sep 30, 2020–
Technavio has been monitoring the beverage can market and it is poised to grow by USD 5.87 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Beverage Can Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- Based on segmentation by material, which is the leading segment in the market?
- The aluminum cans are expected to be the leading segment based on material in the global market during the forecast period.
- What are the major trends in the market?
- Rising popularity of paperboard cans is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 5.87 billion.
- Who are the top players in the market?
- Amcor Plc, Ardagh Group SA, Ball Corporation, CAN-PACK SA, CPMC Holdings Ltd., Crown Holdings Inc., ORG Technology Co. Ltd., Orora Packaging Australia Pty Ltd., Silgan Holdings Inc., and Toyo Seikan Group Holdings Ltd. are some of the major market participants.
- What are the key market drivers?
- Growing energy and juice drinks market is one of the major factors driving the market.
- How big is the APAC market?
- The APAC region will contribute 34% of market growth
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amcor plc, Ardagh Group S.A, Ball Corp., CAN-PACK S.A., CPMC HOLDINGS Ltd., Crown Holdings, Inc, ORG Technology Co., Ltd., Orora Packaging Australia Pty Ltd, Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd. are some of the major market participants. The growing energy and juice drinks market will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Beverage Can Market 2020-2024: Segmentation
Beverage Can Market is segmented as below:
- Non-alcoholic Beverages
- Alcoholic Beverages
- Geographic Landscape
- North America
- South America
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Beverage Can Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The beverage can market report covers the following areas:
- Beverage Can Market Size
- Beverage Can Market Trends
- Beverage Can Market Analysis
This study identifies rising popularity of paperboard cans as one of the prime reasons driving the beverage can market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Beverage Can Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist beverage can market growth during the next five years
- Estimation of the beverage can market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the beverage can market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of beverage can market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Non-alcoholic beverages – Market size and forecast 2019-2024
- Alcoholic beverages – Market size and forecast 2019-2024
Market Segmentation by Material
- Aluminum – Market size and forecast 2019-2024
- Steel – Market size and forecast 2019-2024
- Geographic segmentation
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Amcor Plc
- Ardagh Group SA
- Ball Corporation
- CAN-PACK SA
- CPMC Holdings Ltd.
- Crown Holdings Inc.
- ORG Technology Co. Ltd.
- Orora Packaging Australia Pty Ltd.
- Silgan Holdings Inc.
- Toyo Seikan Group Holdings Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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INDUSTRY KEYWORD: PACKAGING RETAIL MANUFACTURING FOOD/BEVERAGE
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 09/30/2020 09:24 AM/DISC: 09/30/2020 09:24 AM