Newly released data from beverage metal cans market analysis shows that global demand of the overall beverage metal cans market is forecasted to expand at a value compound annual growth rate (CAGR) of ~6.0% from 2021-2031 and reach millions of units by 2031.
In terms of growth, the beverage metal cans market is projected to witness a prominent sales growth rate by 2031, owing to the increasing consumption of alcoholic and non-alcoholic drinks and consumer’s awareness for sustainable and environmentally friendly products.
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FMI, in its upcoming business report, elaborates the historical and current scenario of the global Beverage Metal Cans market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Beverage Metal Cans market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Beverage Metal Cans Market
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Beverage Metal Cans market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Beverage Metal Cans market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Beverage Metal Cans market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Beverage Metal Cans Market: Segmentation
Valuable information covered in the FMI’s Beverage Metal Cans market report has been segregated into key segments and sub-segments.
Based on Material:
- Aluminium
- Steel
- Tin
Based on Beverage Type:
- Alcoholic
- Non-Alcoholic
Based on Capacity:
- Up to 5oz
- 6oz – 10oz
- 11oz – 15oz
Beverage Metal Cans Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Beverage Metal Cans market. Competitive information detailed in the Beverage Metal Cans market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Beverage Metal Cans market report.
Key players covered in the report include:
Toyo Seikan Group Holdings Ltd., Can-One Berhad, Kaira Can Company Limited, Kian Joo Can Factory Berhad, Universal Can Corporation, Hindustan Tin Works Ltd.
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Important Questions Answered in the Beverage Metal Cans Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Beverage Metal Cans market been expanding during the forecast period?
- How will the global Beverage Metal Cans market look like by the end of the forecast period?
- What innovative strategies are adopted by Beverage Metal Cans market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Beverage Metal Cans market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Beverage Metal Cans market
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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