Beverage Cans Market Poised To Expand At A Robust Pace During The Forecast 2019 – 2029

The global beverage cans market is anticipated to expand at a CAGR of 5% across the 2021-2031 forecast period, according to Fact.MR’s recently published report. A valuation of US$ 70 Bn is projected for the market. Manufacturers are capitalizing on the surging popularity of aluminum cans to garner heightened revenue shares.

Historically, from 2016 to 2020, sales of beverage cans expanded at over 4% CAGR, closing in at over US$ 45 Bn by the end of the said period. Demand has especially surged since the outbreak of COVID-19, as consumers inclined towards consumption of ready-to-drink carbonated, energy and alcoholic beverages across key regions.

Manufacturers are focusing on advanced technologies and smart augmented reality packaging innovations. Delivering a wide range of content and stories through a unique AR code printed on aluminum cans is becoming a prevalent trend in recent years. The industry is constantly adapting and innovating changes to keep the cans colorful, attractive, and easy to use by inventing temperature-sensitive inks. Hence, increasing aesthetic appeal while simultaneously imparting strength and robustness is influencing current manufacturing practices in the beverage cans industry.

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Beverage Cans Market – Scope of Report: A latest publication by Fact.MR on the global Beverage Cans market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market. The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market. The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2029. Important indicators for the successful growth of the Beverage Cans market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study. This research study can support readers to know the demand for Beverage Cans supplements, and the quantitative development opportunities during the study period. The research is beneficial for shareholders in Pulse Oximeters, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market. Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders A positive flow of investments from pharmaceutical giants is likely to propel the development of Beverage Cans and compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of synthetic cannabinoids. This has helped them increase production capacity. Market leaders in Beverage Cans such as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Beverage Cans through novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of Beverage Cans.

Report benefits & key questions answered • Post covid consumer spending on Beverage Cans: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies. • Beverage Cans demand outlook: the market intelligence study reports highlights the factor propelling the demand for Beverage Cans. As per the study, the demand for Beverage Cans will grow through 2029. • Beverage Cans historical volume analysis: fact.mr survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029. • Beverage Cans consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Beverage Cans Market Segmentations: Structure Two Piece Beverage Cans Three Piece Beverage Cans Material Steel Beverage Cans Aluminium Beverage Cans Other (Glass and Plastic) Beverage Cans Capacity Beverage Cans less than 12 Ounces Beverage Cans between 12-24 Ounces Beverage Cans more than 24 Ounces Application Alcoholic Beverage Cans Carbonated Soft Drink Beverage Cans Sports & Energy Drinks Beverage Cans Other Beverage Cans.

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