Global Beverage Can Ends Market 2019-2023 | Development of Innovative Beverage Can Ends to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Jan 10, 2019--The global beverage can ends market is expected to post a CAGR of over 3% during the period 2019-2023, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190109005943/en/
Technavio has published a new market research report on the global beverage can ends market from 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the market is the growth of global beverage packaging market. Various packaging containers such as glass bottles, metal cans, and bottles made from plastic polymer are widely used as primary packaging solution for beverages. The global beverage packaging market is expected to grow at a CAGR close to 5% during the forecast period. This is mainly due to the rising consumption of beer, and CSDs. Moreover, the availability of single and multi-serve packs is leading to the growth of the market. In 2018, the global single serve packaging market registered an annual growth of over 4% when compared to 2017 and this is attributed to the increase in the volumes of single-serve packs in the beverage packaging market.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period.
In this report, Technavio highlights the development of innovative beverage can ends as one of the key emerging trends in the global beverage can ends market:
Global beverage can ends market: Development of innovative beverage can ends
Beverage can end manufacturers are introducing new and innovative packaging that is not only appealing to consumers in terms of visuals and handling but also beneficial in terms of ease of use. It is also beneficial for beverage manufacturers in terms of marketing and brand recognition. The beverage can end manufacturers provide a wide range of user-friendly designs, colors, in embossed pull-tab ends that help beverage manufacturers to brand their product and deliver brand messaging. For instance, Crown’s 360 End beverage can ends are first beverage cans with full aperture end. This product allows consumers to remove the entire lid, thereby transforming the beverage can into a drinking cup. It further reduces the need for separate glassware. Thus, these innovative developments in the market by packaging vendors will drive the market during the forecast period.
“Vendors operating in the market emphasize on the process of redesigning beverage can ends to reduce the weight of the overall beverage cans without compromising on the quality of the product. Vendors are continuously innovating to produce beverage can ends that are lightweight and offer customer convenience. Beverage companies make the product light weight to reduce the cost of packaging and improve the overall production sustainability,” says a senior analyst at Technavio for research on beverages.
Global beverage can ends market: Segmentation analysis
This market research report segments the global beverage can ends market by material (aluminum and steel) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2018, followed by APAC and EMEA respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth, followed by the EMEA region.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20190109005943/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: MANUFACTURING PACKAGING RETAIL FOOD/BEVERAGE
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 01/10/2019 01:42 AM/DISC: 01/10/2019 01:42 AM