The Europe beverage metal cans market is expected to reach US$ 9,848.03 million by 2028 from US$ 7,267.80 million in 2022; it is estimated to grow at a CAGR of 5.2% from 2022 to 2028. Metal cans can be reused several times without compromising the material's quality. The adoption of reusable metal packaging has expanded among consumers due to the increasing need to reduce the usage of traditional plastic packaging owing to the rising environmental concerns. Thus, large market participants, such as Ball Corporation, are providing circular delivery services to replace single-use throwaway packaging with durable and reusable metal cans. In addition, food and beverage firms are collaborating with metal can manufacturers to offer products in reusable metal containers. According to Metal Packaging Europe, in 2021, 84% of steel packaging and 76% of aluminum beverage cans were recycled in Europe. Furthermore, increased investments by major companies in building recycling facilities and enhancing waste management systems play a critical role in the Europe beverage metal cans market growth. Rising government measures to minimize carbon footprint and energy consumption have spurred the adoption of metal recycling across the region. As a result, the market is expected to grow at a good CAGR during the forecast period.
Europe Beverage Metal Cans Market Segmentation
The Europe beverage metal cans market is segmented on the basis of material, application, and country. Based on material, the market is bifurcated into aluminum and steel. The aluminum segment dominated the market in 2022. By application, the Europe beverage metal cans market is segmented into carbonated soft drinks, alcoholic drinks, fruit and vegetable juices, and others. The alcoholic drinks segment dominated the market in 2022.Based on country, the Europe beverage metal cans market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. Germany dominated the market in 2022.
Ball Corporation; Crown Holdings, Inc; Ardgh Group S.A; CANPACK; Orora Packing Australia Plt. Ltd; Amcor plc; SHOWA DENKO K.K; and Envases Group are among the leading companies operating in the Europe beverage metal cans market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 7,267.80 Million |
| Market Size by 2028 | US$ 9,848.03 Million |
| CAGR (2022 - 2028) | 5.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
1. Ball Corporation.
2. Crown Holdings,Inc.
3.Ardgh Group S.A.
4.CANPACK.
5.Orora Packing Australia Plt.Ltd.
6.Amcor plc.
7. SHOWA DENKO K.K.
8.Envases Group.
The Europe Beverage Metal Cans Market is valued at US$ 7,267.80 Million in 2022, it is projected to reach US$ 9,848.03 Million by 2028.
As per our report Europe Beverage Metal Cans Market, the market size is valued at US$ 7,267.80 Million in 2022, projecting it to reach US$ 9,848.03 Million by 2028. This translates to a CAGR of approximately 5.2% during the forecast period.
The Europe Beverage Metal Cans Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Beverage Metal Cans Market report:
The Europe Beverage Metal Cans Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Beverage Metal Cans Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Beverage Metal Cans Market value chain can benefit from the information contained in a comprehensive market report.
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