Beverage cans represent a small segment within the consumer packaging industry. However, the market has significant growth opportunity in the future driven by strong growth in developing countries like Brazil and China. Given the fact that cans have higher shelf life compared to other form of packaging, consumers with higher disposable income in both developed and developing markets are preferring beverage cans.
Though developed regions like North America and Western Europe have recorded higher consumption of beverage cans compared to emerging markets, the future growth of the market is expected to be driven by developing markets, where the consumption of beverages is growing remarkably with the growing disposable income. However, the beverage can market in emerging markets may suffer in near future due to oversupply as most of the leading players are expanding their production capacity to capitalize on the growth opportunity present in these markets.
The growing worldwide GNI per capita and increase in alumina and crude steel production is expected to play a significant role in driving the growth of the beverage can market. However, the market will continue to face strong challenges from strict regulatory changes in several countries, cost effective glass bottle packaging, and environmental issues.
The global beverage can market is controlled by three major players namely, Rexam Plc, Ball Corporation, and Crown holdings. In 2011, beverage can market in North America was led by Ball Corporation; whereas, Rexam led the European beverage can market in the same year.
The present report offers an analysis of the global beverage can market and assesses the market by geography and segments. It also discusses market trends, growth drivers, and industry challenges. The report presents the competitive structure of the industry and profiles the major players.
By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the global metal packaging market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.