Global Beer Cans Market Projected to Grow At a CAGR of 3.5% during the Forecast Period

The latest market report published by Credence Research, Inc. “Beer Cans Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the Beer Cans market was valued at US$ XX Bn in 2018 and expected to reach US$ XX Bn by 2027 at a CAGR of 3.5% throughout the forecast period from 2019 to 2027.

Market Insights

“Increasing demand for craft beer will spur revenue growth during the forecast period”

The rise in production and consumption of alcoholic beverages is driving the overall beer cans market growth. Nowadays, brand owners are increasingly introducing premium craft beers which have augmented the market by 3-4% and are increasingly using beer cans as an advertising tool. The rising consumption of craft beer in different regions coupled with increasing spending on research and development on the looks and convenience of the product are factors proliferating the demand of the market. Apart from this the recreational and environmental benefits offered by the product and increasing demand of BPA free cans are factors further boosting the demand of the beer cans market. However, the preference of customers for wine and other alcoholic beverages might hinder the market growth owing to increasing affordability of liquor and wine products.

Industrial Developments

  • In September 2018, Carlsberg announced its new Snap Pack, which is set to reduce plastic waste globally by more than 1200 tonnes a year, which is equivalent to 60 million plastic bags. The Snap Pack replaces the plastic wrapping and is used around Carlsberg’s six packs with a pioneering technology that glues its cans together.

Key Market Movements

  • In 2018, the global paper bags market was valued US$ XX Bn and is projected to grow to US$ XX Bn by 2027 expanding at a CAGR of 3.5%.
  • Based on capacity, the market is classified into 330 ml and 500 ml. Out of these 500 ml segment is leading the market with major contribution in the revenue share. This can be associated with huge consumption of the segment in restro-bars, taprooms, and pubs among others.
  • In 2018, North America dominated the global beer can market. The rise in the consumption of beer coupled with BPA-free metal cans in the US are the key reason for regional dominance.
  • In addition, rising concerns regarding the use and consumption of sustainable packaging materials are factors further boosting the market growth in the region.

List of Companies Covered:

  • Toyo Seikan Group Holdings Ltd
  • Ball Corporation
  • Crown Holdings, Inc.
  • Ardagh Group S.A.
  • Cans-Pack S.A.
  • Orora Packaging Australia Pty Ltd.
  • CPMC Holdings Limited
  • Nampak Bevcan Limited.
  • Daiwa Cans Co.
  • Shenzhen Xin Yuheng Cans Co., Ltd

Browse the full report at https://www.credenceresearch.com/report/beer-cans-market

The Global Beer Cans Market is Segmented into:

ATTRIBUTEDETAILS
Research Period 2017-2027
Base Year2018
Forecast Period 2019-2027
Historical Year 2017
Unit USD Million
Segmentation By Material Type Segment (2017–2027; US$ Bn)
 By Product Type Segment (2017–2027; US$ Bn)
 By Capacity Segment (2017–2027; US$ Bn)
 By Filling Method Segment (2017–2027; US$ Bn)
 By Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page