As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Beer Cans market is expected to grow at a healthy CAGR during the forecast period (2019-2029). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Beer Cans Market in the coming 10-years.
The report conducts in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Beer Cans
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Beer Cans market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Beer Cans Market Takeaways and Projections
- The U.S. is expected to lead the North America Beer Cans market, projecting the fastest growth in the region between 2019 and 2029
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2029.
Report Benefits & Key Questions Answered
- Beer Cans Historical Market Analysis: The detailed survey by FMI, examines key factors in the Beer Cans market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Beer Cans market for the forecast period 2019-2029.
- Beer Cans Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Beer Cans for the assessment period. As per the study, the demand for Beer Cans will grow at a robust CAGR between 2019 and 2029.
- Beer Cans Market Trend Analysis: The latest study by FMI on the Beer Cans market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Beer Cans market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Global Beer Cans Market – Dynamics
The primary driver behind the high growth in the beer cans market is the changing consumer demand to experience a large variety of beers with taste and flavor. Also, the rise in consumption of beer in emerging economies such as India and China will boost the demand for beer cans market. Beer cans manufacturers are gradually spending on R&D to enhance the looks and convenience of their products.
In addition, recyclability and environmental advantage of beer cans to boost the market during the forecast period. Furthermore, light weight and convenience option provided by beer cans to drive the market. Government initiatives for reducing the usage of plastic and glass in alcohol packaging have created growth opportunities for metal packaging formats like beer cans.
Beer is normally filled in a can by 2 standard machines such as vacuum filling machine and pressure filling machine.
Global Beer Cans Market – Regional Overview
In North America, US is anticipated to dominate the beer cans market over the forecast period. Furthermore, in Asia Pacific region, India, China and ASEAN countries are expected to witness significant growth during the forecast period. Owing to the high demand and preference of metal packaging solution for craft beer. However, the beer cans market in Middle East & Africa is projected to witness sluggish growth during the forecast period.
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Global Beer Cans Market – Segmentation
The global beer cans market is segmented by material type, product type, capacity, and filling method. The pricing for beer cans has being done based on capacity segment in US$ million, and the volume is considered in units.
On the basis of material type, the global beer cans market is segmented into –
- Aluminum
- Steel
On the basis of product type, the global beer cans market is segmented into –
- 2 Piece Cans
- 3 Piece Cans
On the basis of capacity, the global beer cans market is segmented into –
- 330 ml
- 500 ml
On the basis of filling method, the global beer cans market is segmented into –
- Vacuum Filling
- Pressure Filling
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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