Beverage Can Market Size Will Reflect Significant Growth | Share, Opportunities, Forecast
Market overview The global beverage cans market growth is projected to be 3.8% a year for the time period that this report covers. The global beverage cans market value was USD 26.35 billion in 2020. It’s expected to be USD 32.93 billion in 2028. Most cans in the global beverage cans market size are made out of aluminum. It’s because aluminum is a strong and environmentally friendly metal. Aluminum is also cost-effective. The metal can be recycled easily and still retain its quality and quantity. These are some of the reasons why it’s commonly used in the manufacture of beverage cans. Competitive landscape The global beverage cans market is extremely competitive. There are few barriers to entry and the market is lucrative and has a high CAGR. Hence, many companies, especially larger ones, are being enticed into the industry. Companies are finding that they have to invest heavily in research and development to develop and market innovative new products that will allow ...