Beverage Can Ends Market Blossoms in the UK: Sustainable Packaging and Growing Expenditure, Expand At A CAGR Of 5% To Reach US$ 2.3 Billion By 2032

Future Market Insights research indicates that in 2022, the beverage can ends market is poised to reach a valuation of US$ 1.4 billion, with a projected Compound Annual Growth Rate (CAGR) of 5%, propelling it to US$ 2.3 billion by 2032. The sales trajectory of the beverage can ends market is expected to witness significant growth, with the top three countries estimated to collectively account for around 25-30% of the market share by the close of 2022.

In the United Kingdom, the beverage can ends market is poised for significant growth, anticipated to reach 1.4 times the current market value by the conclusion of 2032. This expansion is attributed to the sustained growth in sustainable packaging within the food and beverage sector, driven by increased consumption of packaged food, heightened awareness, and a rising demand for high-quality products. Government data from the United Kingdom reveals a 12.3% increase in total consumer expenditure on food and drink in 2021, with a particularly noteworthy 20% increase in expenditure on alcoholic drinks. The thriving beverage industry in the U.K. is expected to present lucrative growth opportunities for the beverage can ends market.

Similarly, the United States is set to be a catalyst for the growth of the beverage can ends market, with a projected Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period. The robust expansion is underpinned by the flourishing food and beverage sector, characterized by an upsurge in packaged food consumption, heightened awareness, and a growing demand for quality products. Notably, the American Beverage Organization highlights the substantial impact of the non-alcoholic beverage industry, amounting to a staggering $178 billion in the U.S. economy. The dynamic food and beverage landscape in the U.S. is poised to create ample growth opportunities for the beverage can ends market.

Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-6583

The Major Key Players Are:

• Ardagh Metal Packaging
• Sonoco Products Company
• Ball Corporation
• Crown Holdings, Inc.
• Silgan Holdings Inc.
• Novelis
• Helvetia Packaging
• Mahmood Inc Ltd
• Envases Universales de
• Kian Joo Can Factory Berhad
• SWAN Industries (Thailand) Company Limited
• Toyo Seikan Group Holdings, Ltd.
• Can Ends Packaging Limited
• Hindustan Tin Works Ltd.

Competitive Landscape

The players involved in manufacturing beverage can ends are trying to focus on expanding their presence, product portfolio, capacity, and resources to meet the growing demand for packaging in various regions. The key players are adopting merger/acquisition and expansion strategies. Some of the latest developments are as follows –

• In Sep 2022, Novelis developed a new laminated aluminium surfaces for beverage can ends. It is useful to improve the can’s appearance, production process, and low Co2 emission.
• In Oct 2021 – Silgan Holdings has acquired Easytech closures which manufactures and sells easy-open and sanitary metal ends used with metal containers primarily for food applications in Europe.

Drives the Demand for Beverage Can Ends across the Globe

Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-6583