Cibi e Bevande
Drink Cans Market to Expand by 2.3x through 2031, Over 3/5th of Sales to Come from Non-Alcoholic Beverages Sector: FMI
Rising consumer preference towards eco-friendly and sustainable packaging solutions owing to the growing concerns to curb carbon footprints is increasing continuously. Hence, as metal cans made of aluminum, and steel are recyclable, they are gaining immense traction, especially across the beverage industry.
As per FMI, the drink cans market is estimated to expand at a robust CAGR of 8.5%, with sales expected to total 524 Bn units through 2021 & beyond. Further, rapid penetration and expansion of the food and beverage services are anticipated to create tremendous growth opportunities for drink can manufacturers.
For instance, as per the India Brand Equity Foundation (IBEF), by 2025, the fast-moving consumer goods (FMCG) market in India is estimated to expand by 200%. This will augment the sales of non-alcoholic beverages, consequently, propelling the demand for drink cans.
On the basis of content, the non-alcoholic beverage segment is projected to account for more than 63% of the overall sales in 2021. Increasing consumption of carbonated drinks, canned juice, tea & coffee, and energy drinks across the U.S., China , India , Japan , and others are the factors driving the growth in the segment.
says a FMI analyst.
https://www.futuremarketinsights.com/reports/drink-cans-market
The top five players in the global drink cans market are Ab-InBev, Novelis Inc., Ball Corp., Crown Holdings Inc., Toyo Seikan Group Holdings Ltd. These companies are expected to account for nearly 20% to 25% of the total sales in the market by 2021.
Leading manufacturers are focusing on capacity expansions and partnerships with other players to increase their product portfolio, product manufacturing capabilities, and global presence. For instance:
https://www.futuremarketinsights.com/customization-available/rep-gb-14114
A new report published by FMI offers a detailed analysis of the global drink cans market, uncovering vital dynamics accelerating the market growth through 2021 and beyond. The survey reveals sales projections in drink cans market across several countries and regions with detailed segmentation:
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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 , and has delivery centers in the UK, 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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