The Middle East & Africa beverage metal cans market is expected to reach US$ 2,984.22 million by 2028 from US$ 2,349.61 million in 2022; it is estimated to grow at a CAGR of 4.1% 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. Furthermore, increased investments by major companies in building recycling facilities and enhancing waste management systems play a critical role in the Middle East & Africa 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. Therefore, the Middle East & Africa beverage metal cans market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Beverage Metal Cans Market Segmentation
The Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa beverage metal cans market is segmented into South Africa, Saudi Arabia, the UAE, and Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market in 2022.
Ball Corporation; Crown Holdings, Inc; Ardgh Group S.A; CANPACK; Amcor plc; and GZI Industries Limited are among the leading companies in the Middle East & Africa beverage metal cans market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2,349.61 Million |
| Market Size by 2028 | US$ 2,984.22 Million |
| CAGR (2022 - 2028) | 4.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
1. Ball Corporation.
2. Crown Holdings, Inc.
3.Ardgh Group S.A.
4.CANPACK.
5.Amcor plc.
6.GZI Industries Limited.
The Middle East & Africa Beverage Metal Cans Market is valued at US$ 2,349.61 Million in 2022, it is projected to reach US$ 2,984.22 Million by 2028.
As per our report Middle East & Africa Beverage Metal Cans Market, the market size is valued at US$ 2,349.61 Million in 2022, projecting it to reach US$ 2,984.22 Million by 2028. This translates to a CAGR of approximately 4.1% during the forecast period.
The Middle East & Africa 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 Middle East & Africa Beverage Metal Cans Market report:
The Middle East & Africa Beverage Metal Cans Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Beverage Metal Cans Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Beverage Metal Cans Market value chain can benefit from the information contained in a comprehensive market report.
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