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Showing posts with the label Beverage Cans Market

Beverage Cans Market: The Future of Sustainable Packaging

  The global  beverage cans market  size was estimated at USD 59.61 billion in 2030 and is expected to expand at a CAGR of 5.5% from 2024 to 2030. The demand for highly portable and superior beverage packaging for protection from the external environment is primarily contributing to market growth. The rising demand for aluminum cans on account of superior properties such as lightweight and growing aluminum recycling is further driving the market.   The continuous technological advancements in the market which include machinery automation, printing technology, and raw material advancements are further contributing to the market growth. For instance, Ball Corporation introduced the Dynamark variable printing technology that allows for customized printing of beverage cans with a single pallet. The technology offers numerous options for high-quality printing, keeping the time required to change the designs to a minimum. The aluminum can segment is leading the global mark...

Beverage Cans Market expected to expand at a CAGR of 5.5% from 2024 to 2030

  PR1 Beverage Cans Industry Overview The global beverage cans market size was estimated at USD 41.14 billion in 2023 and is expected to expand at a CAGR of 5.5% from 2024 to 2030. An increasing consumption of beverages such as carbonated soft drinks, beer, and cider on a global level is driving the demand for beverage cans. In addition, high recycling rate of aluminum cans and superior physical properties of metals over its alternatives is expected to drive the growth of beverage cans market during the forecast period. Beverage cans offer exceptional convenience and portability, making them an attractive choice for on-the-go consumption. They are lightweight, easy to carry, and resealable, allowing consumers to enjoy their beverages at their convenience. This aspect is particularly appealing to urban populations with busy lifestyles and a preference for convenient packaging solutions. For instance, energy drink manufacturers have leveraged the portability of cans to cater to activ...