Beverage Cans Industry| COVID-19 Analysis

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The global market for beverage cans is growing significantly, owing to the technological advancements taking place in the packaging industry, enabling market players to invest extensively towards integrating smart packaging solutions.

Segmental Analysis

The global beverage can industry is segmented on the basis of materials and applications. The materials used to make beverage cans are aluminum and steel. The aluminum segment dominates the market and is expected to sustain its leading market share over the review period. This is attributed to its superior properties as compared to steel, such as lightweight, higher recycling rates with secure manufacture processing. Additionally, the steel segment is also expected to acquire a substantial growth rate over the review period. The applications

Regional Analysis

Europe is another primary market for beverage cans. Germany, the U.K., and France are the major markets in the region. Increased recycling activities are undertaken by the regulatory bodies, including the European Commission, and national governments of France, Germany, and the UK drive the growth of the market in the region. Furthermore, Europe is the hub of major non-alcoholic and alcoholic beverage manufacturers. This also has an encouraging influence on the growth of the market.

Asia Pacific is poised to grow at the highest CAGR during the forecast period. China, Australia, Japan, India, and Indonesia are the country-wise significant markets in the Asia Pacific region. An upsurge in purchasing power in the region fuels the growth of the market. Additionally, the availability of raw materials and lower labor cost, together are a positive impact on market growth. The young population, with momentous disposable income, will also drive the demand for beverage cans in the foreseeable future. 

Competitive Analysis

The major market players in the global Beverage Cans Industry comprises of Silgan Holdings Inc. (U.S.), BWAY Corporation (U.S.), Toyo Seikan Group Holdings, Ltd. (Japan), Kian Joo