Beverage can ends market to grow by $439m
The beverage can ends market is predicted to grow by $438.78million from 2020 to 2025, according to a new report by Technavio.
Beverage can ends are sealings placed at the end of metal cans to enclose the packaged beverage and prevent spilling. These products are made up of metals such as aluminum and steel.
The beverage can ends market is fragmented, and the vendors are deploying both organic and inorganic growth strategies to compete in the market.
Various vendors operating in the market are competing on factors such as product portfolio and price.
The competition in the market is expected to intensify during the forecast period due to product portfolio expansion, innovations in technology for enhancing recyclability, and the development of products to ensure customer convenience in the use of metal cans.
Ardagh Group SA, Ball Corp., Can Ends Packaging Ltd., CAN-PACK SA, Crown Holdings Inc., Envases Universales de Mexico SAPI de CV, Helvetia Packaging AG, Mahmood Saeed Beverage Cans & Ends Industry Company Ltd., Novelis Inc., and Orora Packaging Australia Pty Ltd. among others. are some of the few key vendors competing to maintain their market position in the market.