Drink Cans Market Share, Size, Future Growth, Leading Players Updates
In a recent market analysis, Future Market Insights (FMI) has forecast the global drink cans market to expand at a robust 8.5% CAGR , reaching a valuation of approximately US$ 50 Bn in 2021. Increasing production output from the food and beverage industry is expected to spur demand for drink cans. The global beverage market has witnessed exponential growth over the last few decades and is expected to grow consistently during the forecast period. In addition to the mature markets of North America and Europe, markets in Asia-Pacific, Latin America and the Middle East and Africa are growing rapidly in terms of market volume and quality. Moreover, growing demand for drink cans for packaging non-alcoholic and alcoholic beverages is expected to propel sales of drink cans in the forthcoming years. Increasing expenses on food consumption in emerging markets is also anticipated to boost growth of the food & beverage industry. This is likely to create ...