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Sales of Three Piece Beverage Cans Market is Expected to Register a CAGR of Over 5% by 2031

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The global beverage cans market is anticipated to expand at a CAGR of 5% across the 2021-2031 forecast period, according to Fact.MR’s recently published report. A valuation of US$ 70 Bn is projected for the market. Manufacturers are capitalizing on the surging popularity of aluminum cans to garner heightened revenue shares.

Historically, from 2016 to 2020, sales of beverage cans expanded at over 4% CAGR, closing in at over US$ 45 Bn by the end of the said period. Demand has especially surged since the outbreak of COVID-19, as consumers inclined towards consumption of ready-to-drink carbonated, energy and alcoholic beverages across key regions.

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Key Takeaways from the Market Study

“Growing demand for aluminum cans as an alternative for plastic contains and recyclable, sustainable cans for the beverage industry is growing demand for aluminum cans in the industry,” says a Fact.MR analyst.

Key Segments Covered

Global Beverage Cans Market: Competitive Landscape

Strategic collaborations enable beverage industries to increase revenue and market share. New products and technologies will enable the growth of beverage cans in the food & beverage industry.

 

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