Beverage Cans Market Size| 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 cans market size 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

On the basis of regions, the global Beverage Cans Market Size has been segmented as Europe, North America, Asia Pacific (APAC), and Rest of the World (RoW). North America region leads the global Beverage Cans Market Size. Growing demand for metal cans in the region is notably driving the growth of the market. Moreover, increasing concerns regarding the use and consumption of sustainable packaging materials are expected to drive the demand for market growth. The U.S., the most developed country in North America, accounts for the largest market share in North America.

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.

Competitive Analysis

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