Home / Press Release / Global Beer Cans Market Projected to Grow At a CAGR of 3.5% during the Forecast Period

Global Beer Cans Market Projected to Grow At a CAGR of 3.5% during the Forecast Period

The latest market report published by Credence Research, Inc. “Beer Cans Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the Beer Cans market was valued at US$ XX Bn in 2018 and expected to reach US$ XX Bn by 2027 at a CAGR of 3.5% throughout the forecast period from 2019 to 2027.

Market Insights

"Increasing demand for craft beer will spur revenue growth during the forecast period"

The rise in production and consumption of alcoholic beverages is driving the overall beer cans market growth. Nowadays, brand owners are increasingly introducing premium craft beers which have augmented the market by 3-4% and are increasingly using beer cans as an advertising tool. The rising consumption of craft beer in different regions coupled with increasing spending on research and development on the looks and convenience of the product are factors proliferating the demand of the market. Apart from this the recreational and environmental benefits offered by the product and increasing demand of BPA free cans are factors further boosting the demand of the beer cans market. However, the preference of customers for wine and other alcoholic beverages might hinder the market growth owing to increasing affordability of liquor and wine products.

Industrial Developments

Key Market Movements

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/beer-cans-market

The Global Beer Cans Market is Segmented into:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million

 By Material Type Segment (2017–2027; US$ Bn)

 By Product Type Segment (2017–2027; US$ Bn)

 By Capacity Segment (2017–2027; US$ Bn)

 By Filling Method Segment (2017–2027; US$ Bn)

 By Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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