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San Francisco, November 22, 2021 /PRNewswire/ - A new report by Grand View Research, Inc. shows that by 2028, the global beverage can market is expected to reach 53.22 billion U.S. dollars, with a compound annual growth rate of 5.1% . Forecast period. Due to the growing demand for sustainable products and the demand for convenient beverage packaging solutions, the market is expected to grow.
Read the 222-page research report, "Beverage can market size, sharing and trend analysis by material (aluminum, steel), by application (carbonated soft drinks, fruit and vegetable juice), by region (North America, Asia Pacific) and market segment forecast Report", 2020-2028", by Grand View Research
Metal recycling has received support from government agencies, such as the European Commission and the US government, which mandate the replacement of old cans. In addition, the market is expected to benefit from the availability of raw materials from municipal recycling programs initiated by countries such as the United States, Italy, and Brazil.
Compared with steel, the price of aluminum is higher. However, it occupies a considerable market share in 2020 because it is malleable, prevents cans from breaking/cracking during transportation, and has corrosion resistance and more recyclability than steel materials.
The product application of fruit and vegetable juices is expected to witness the fastest growth, as these juices are increasingly becoming the beverage of choice for health-conscious consumers in developed and developing countries who avoid carbonated beverages. More and more products launching fruit and vegetable juices with different flavors are expected to further promote the growth of market segments.
Grand View Research has segmented the global beverage can market based on materials, applications and regions:
List of major players in the beverage can market
Check out more research related to metal cans conducted by Grand View Research:
Browse Grand View Research's coverage of the global plastics, polymer and resin industries.
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Grand View Research is a US-based market research and consulting company that provides joint and customized research reports and consulting services. The company is registered in California, headquartered in San Francisco, has more than 425 analysts and consultants, and adds more than 1,200 market research reports to its huge database every year. These reports provide in-depth analysis of 46 industries in 25 major countries around the world. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and well-known academic institutions understand the global and regional business environment and seize future opportunities.
Contact: Sherry James Enterprise Sales Specialist, Grand View Research, Inc., USA Tel: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [Email Protection] Website: https://www .grandviewresearch. com follow us: LinkedIn | Twitter
SOURCE Grand View Research, Inc.
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