Bizizz Market Research has recently published a research report, “Beer Cans Market By material Type (aluminum and steel), product type (3 and 2 peace can),Capacity (330 ml and 500 ml), filling method (Vacuum Filling and Pressure Filling), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Beer Cans Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 68.4 Bn by 2027, witnessing a CAGR of 3.4 % during the forecast period. Key drivers of the market are increasing consumption of Craft beer along with increase of recreational activities are propelling its market growth.
Increased demand for craft beer globally along with recreational and environmental advantages are vital factors driving the beer cans market. Customers are shifting the preference for craft beer brewed through both small and large breweries are substantiating its market growth. Rising market growth of craft beers worldwide are expanding the demand of beer cans significantly by the aluminum cans. According to the Brewers Association, in the US, in 2018, the manufacturers of craft beers are estimated to have a 25.9 Mn barrels in comparison to 25.1 Mn barrels in 2017.
The Beer Cans market is anticipated to register a CAGR of over 3.4% during the forecast period.
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By Material, Aluminum segment held a key share in Global Beer Cans Market in 2018.
The beer can market is being led by aluminum segment accounted for the greater market share in 2018 because of its lightweight, high molding abilities, and higher manufacturing rate of craft beers among others. The aluminum segment is estimated to have it higher than 60% of the volume sales worldwide. Raising recycling programs and greater government regulations contributing to the concerns in context to depletion of natural resources are the key factors propelling its demand for beer cans market during the forecast period.
Asia Pacific region is Anticipated to Dominate the Global Beer Cans Market during the Forecast Period
Asia Pacific region is anticipated to expand at higher rate during the forecast period through shift in the cultural trends, increasing urbanization, population growth, and popularity of beer among young adult in the region. A change in consumer chooses in gluten-free beer along with growing developments in flavors and preparations are propelling the demand of beer that is contributing the demand for beer cans in the global market. For instance, Heineken, an Amsterdam based company bought a stake in Bangalore located United Breweries, contributed to the India’s largest beer producers. It offers higher growth potential of beer packaging market in different nations and foster the demand for beer cans market.
Global Beer Cans market was moderately consolidated with key players accounting for significant share in 2018. The organizations are finding innovative solutions to cater sustainable solutions of beer cans during the forecast period.
Prominent players operating in the Global Beer Cans Market are: Gatewing, Sensefly, DeltaBeer Cans, Titan aerospace, Infotron, Ascending Technologies, Aerial MBO, RedBird, Flying Eye, InterBeer Cans, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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