Report Code: A06691 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Drink Can Market
Request Now !A beverage can is a metal container that is used to pack liquid-based drinks like soft drinks, fruit drink, and alcohol-based beverages. Beverage cans are made of aluminum or tin-plated steel. Drink cans have a plastic or wax inner covering to protect the content to react with the metal used in the can. Drink cans are preferred in various industries due to its features including easy and convenient packaging material and easy to carry and open the packages. In addition, the drink cans are safer and hygienic than conventional glass and plastic bottles. Innovations in the drink can industry has led to leak-poof and lightweight aluminum cans that are easily carried.Â
There has been a huge demand for aluminum cans from the beverage industry as these can are more hygiene and one time usable.
Manufacturers are facing difficulties due to lockdown and are lacking in raw material and labor, which is leading to a halt in production.Â
Surge in the application in the food & beverage industry and rise in demand for the clean, hygienic container to keep the drink fresh as when packed fuels the growth of the drink can industry. Moreover, a rise in awareness against plastic and non-recyclable product by government and NGOs worldwide drives the global drink can industry. In addition, many countries banned plastic products, which have made drink manufacturers shift to aluminum and steel cans. However, high manufacturing cost of drink cans and the availability of cheap substitutes like glass restricts the market growth. Contrarily, investments in new products and low-cost manufacturing process and ban of plastic fosters the growth of the global drink can market.Â
The global drink can market trends are as follows:
The launch of new products that contain improved capabilities has been launched by leading market players. They have taken necessary steps to improve the cooling capacity of the cans as well as graphic designs and uses of the can as a glass. Crown’s Reveal Inks has a new set of drink cans that tend to keep the drink cooler for a longer period as well as the graphics on the can changes as the customers consume the drink and the temperature of the drink changes. These cans were used by Coco-Cola during the launch of Coke Zero to engage the customers toward the new product.
Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on utilization. Leading market players have determined how improved cooling and features in a container can attract the customer more towards the brand. Some brands of beer found out that customers prefer the particular brand of beer, which will keep the drink cooler for a longer time. Moreover, the beer companies have customized the cans such that these turn into a glass when the above lid is pulled out.Â
Key Benefits of the Report:
Questions Answered in the Drink Can Market Research Report:
Drink Can Market Report Highlights
Aspects | Details |
---|---|
By Type |
|
By Application |
|
By Distribution Channel |
|
By Region |
|
Key Market Players | Crown Holdings Inc., Pty Ltd, Orora Packaging Australia, Ardagh Group SA, Silgan Holdings Inc., Akshar Products, Toyo Seikan Group Holdings Ltd., CAN, ORG Technology Co. Ltd., CPMC Holdings Ltd., Amcor Plc, Ball Corporation, PACK SA |
Start reading.
This Report and over 67,112+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers