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Lithium Market Overview, Revenue, Size, Sales volume and Cost Lithium Market The lithium metal market is projected to grow from USD 1.7 billion in 2023 to USD 4.3 billion by 2028, at a CAGR of 20.4% from 2023 to 2028. Lithium metal is widely used in primary batteries. The exploration and development of new lithium resources are helping to meet the growing demand for lithium metal. New mining projects and improved extraction technologies are reducing supply constraints which are supporting the market growth for lithium metal. Get Free Sample Report@ http://www.vertexbusinessinsights.com/request-sample/85/lithium-market Lithium Market Analysis The Global Lithium Market size is expected to grow from 587.57 LCE kilotons in 2023 to 1,436.06 LCE kilotons by 2028, at a CAGR of 19.57% during the forecast period (2023-2028). The market was negatively impacted by COVID-19 in 2020, as the first half of the year was affected by the lockdowns, causing unprecedented declines in monthly vehicle sales from February. Presently the market has reached pre-pandemic levels. Over the short term, the major factors driving the market studied are the accelerating demand for electric vehicles and increasing usage and demand for portable consumer electronics . • However, rising concern over the demand-supply gap in the lithium market may hamper the market growth. • Nevertheless, the growing adoption of smart grid electricity is likely to be a major opportunity in the global lithium market over the forecast period. • Asia-Pacific dominates the market across the world, with the most substantial consumption from countries like China, South Korea, and Japan. Lithium Industry Segmentation Lithium is a soft, silvery-white alkali metal with atomic number three and the symbol Li. The main sources of lithium are underground lithium-containing brine reservoirs and lithium-containing rocks, such as spodumene. The lithium market is segmented by type, application, end-user industry, and geography. By type, the market is segmented into metal, compound, and alloy. By application, the market is segmented into battery, grease, air treatment, pharmaceuticals, glass/ceramic (including frits), polymer, and other applications. By end-user industry, the market is segmented into industrial, consumer electronics, energy storage, medical, automotive, and other end-user industries. The report also covers the market size and forecasts for the lithium market in 16 countries across major regions. For each segment, the market sizing and forecasts have been carried out on the basis of volume (lithium carbonate equivalent (LCE) kilotons). Lithium Market Trends This section covers the major market trends shaping the Lithium Market according to our research experts: The Battery Application Segment to Dominate the Market • Lithium is majorly used for the production of lithium batteries. The battery application segment accounted for the largest share of the global lithium market. • Lithium batteries can be categorized into two segments, namely, disposable and rechargeable. Disposable lithium batteries use lithium in the metallic form as an anode. These batteries have a longer life and higher charge density when compared to other standard batteries. These batteries find applications in critical devices, such as pacemakers and other electronic medical devices intended for long-term use. Rechargeable lithium batteries are of two types, i.e., lithium-ion batteries and lithium-ion polymer batteries. Li-ion battery is packed in a rigid case, whereas the Li-po battery comes in a flexible polymer casing. Also, a Li-po battery has a slightly higher specific energy when compared to a Li-ion battery. Enquiry before buying Report @ http://www.vertexbusinessinsights.com/enquiry/85/lithium-market Contact Us [email protected] Phone: +1 210-775-2636 (USA) Address: 1321 Upland Dr. PMB 20205, Houston, Texas, 77043, US

Shape Memory Alloys Market Overview, Revenue, Size, Sales volume and Cost Shape Memory Alloys Market Insights - Market Size, Share and Growth Outlook The Shape Memory Alloys market is expected to register fluctuating growth trends in the long term, while inflation and supply chain concerns are expected to continue in 2023. Shifting consumer preferences in a projected economic downturn scenario, amendments to industrial policies to align with growing environmental concerns, huge fluctuations in raw material costs triggered by prevailing geo-political tensions, and expected economic turbulences are noted as key challenges to be addressed by the Shape Memory Alloys industry players during the short and medium term forecast. Get Free Sample Report @ http://www.vertexbusinessinsights.com/request-sample/42/shape-memory-alloys-market The Global Shape Memory Alloys Market Analysis Report is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and providing future Shape Memory Alloys Market potential for different product segments with their market penetration in various applications and end-uses, over the next eight years, to 2030. Shape Memory Alloys Market Strategy, Price Trends, Drivers, Challenges and Opportunities to 2030 Shape Memory Alloys market players' investments will be oriented towards acquiring new technologies, securing raw materials, efficient procurement/inventory, strengthening product portfolios, and leveraging capabilities to maintain growth during challenging times. The economic and social challenges are noted to be highly varying between different countries/markets and Shape Memory Alloys manufacturers and associated players are focused on country-specific strategies. Crude oil prices fluctuating to the tune of $60/barrel in one year are emerging to be a key concern for the Shape Memory Alloys market, as fuel and chemical prices are impacting many other segments. Uneven recovery in different end markets and geographies is a key challenge in understanding and analyzing the Shape Memory Alloys market landscape. Concerns of global economic slowdown, the Impact of war in Ukraine, lockdowns in China with resurging COVID cases, and the Risks of stagflation envisaging numerous market scenarios are pressing the need for Shape Memory Alloys industry players to be more vigilant and forward-looking. Robust changes brought in by the pandemic COVID-19 in the Shape Memory Alloys supply chain and the burgeoning drive for a cleaner and sustainable environment are necessitating companies to alter their strategies. The market study provides a comprehensive description of current trends and developments in the Shape Memory Alloys industry along with a detailed predictive and prescriptive analysis for 2030. Shape Memory Alloys Market Revenue, Prospective Segments, Potential Countries, Data and Forecast The research estimates global Shape Memory Alloys market revenues in 2022, considering the Shape Memory Alloys market prices, Shape Memory Alloys production, supply, demand, and Shape Memory Alloys trade and logistics across regions. Detailed market share statistics, penetration, and shift in demand for different types, applications, and geographies in the Shape Memory Alloys market from 2022 to 2030 are included in the thorough research. The report covers North America, Europe, Asia Pacific, Middle East, Africa, and LATAM/South and Central America Shape Memory Alloys market statistics, along with Shape Memory Alloys CAGR Market Growth Rates from 2022 to 2030 will provide a deep understanding and projection of the market. The Shape Memory Alloys market is further split by key product types, dominant applications, and leading end users of Shape Memory Alloys. The future of the Shape Memory Alloys market in 16 key countries around the world is elaborated to enable an in-depth geographical understanding of the Shape Memory Alloys industry. The research considered 2017, 2018, 2019, and 2020 as historical years, 2021 as the base year, and 2022 as the estimated year, with an outlook period from 2023 to 2030. The report identifies the most prospective type of Shape Memory Alloys market, leading products, and dominant end uses of the Shape Memory Alloys Market in each region. Main Report Link @ http://www.vertexbusinessinsights.com/main_report/42/shape-memory-alloys-market Contact Us [email protected] Phone: +1 210-775-2636 (USA) Address: 1321 Upland Dr. PMB 20205, Houston, Texas, 77043, US

Steel Products Market Overview, Revenue, Size, Sales volume and Cost Steel Products Market The Steel Products market is expected to register fluctuating growth trends in the long term, while inflation and supply chain concerns are expected to continue in 2023. Shifting consumer preferences in a projected economic downturn scenario, amendments to industrial policies to align with growing environmental concerns, huge fluctuations in raw material costs triggered by prevailing geo-political tensions, and expected economic turbulences are noted as key challenges to be addressed by the Steel Products industry players during the short and medium term forecast. The Global Steel Products Market Analysis Report is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and providing future Steel Products Market potential for different product segments with their market penetration in various applications and end-uses, over the next eight years, to 2030. Get Free Sample Report @ http://www.vertexbusinessinsights.com/main_report/75/steel-products-market Steel Products Market Strategy, Price Trends, Drivers, Challenges and Opportunities to 2030 Steel Products market players' investments will be oriented towards acquiring new technologies, securing raw materials, efficient procurement/inventory, strengthening product portfolios, and leveraging capabilities to maintain growth during challenging times. The economic and social challenges are noted to be highly varying between different countries/markets and Steel Products manufacturers and associated players are focused on country-specific strategies. Crude oil prices fluctuating to the tune of $60/barrel in one year are emerging to be a key concern for the Steel Products market, as fuel and chemical prices are impacting many other segments. Uneven recovery in different end markets and geographies is a key challenge in understanding and analyzing the Steel Products market landscape. Concerns of global economic slowdown, the Impact of war in Ukraine, lockdowns in China with resurging COVID cases, and the Risks of stagflation envisaging numerous market scenarios are pressing the need for Steel Products industry players to be more vigilant and forward-looking. Robust changes brought in by the pandemic COVID-19 in the Steel Products supply chain and the burgeoning drive for a cleaner and sustainable environment are necessitating companies to alter their strategies. The market study provides a comprehensive description of current trends and developments in the Steel Products industry along with a detailed predictive and prescriptive analysis for 2030. Steel Products Market Revenue, Prospective Segments, Potential Countries, Data and Forecast The research estimates global Steel Products market revenues in 2022, considering the Steel Products market prices, Steel Products production, supply, demand, and Steel Products trade and logistics across regions. Detailed market share statistics, penetration, and shift in demand for different types, applications, and geographies in the Steel Products market from 2022 to 2030 are included in the thorough research. The report covers North America, Europe, Asia Pacific, Middle East, Africa, and LATAM/South and Central America Steel Products market statistics, along with Steel Products CAGR Market Growth Rates from 2022 to 2030 will provide a deep understanding and projection of the market. The Steel Products market is further split by key product types, dominant applications, and leading end users of Steel Products. The future of the Steel Products market in 16 key countries around the world is elaborated to enable an in-depth geographical understanding of the Steel Products industry. Recent deals and developments are considered for their potential impact on Steel Products's future business. Other metrics analyzed include the Threat of New Entrants, Threat of New Substitutes, Product Differentiation, Degree of Competition, Number of Suppliers, Distribution Channel, Capital Needed, Entry Barriers, Govt. Regulations, Beneficial Alternative, and Cost of Substitute in Steel Products market. Steel Products trade and price analysis help comprehend Steel Products's international market scenario with top exporters/suppliers and top importers/customer information. The data and analysis assist Clients to plan procurement, identifying potential vendors/clients to associate with, understanding Steel Products price trends and patterns, and exploring new Steel Products sales channels. The research will be updated to the latest month to include the impact of the latest developments such as the Russia-Ukraine war on the Steel Products market. Main Report Link @ http://www.vertexbusinessinsights.com/main_report/75/steel-products-market Contact Us [email protected] Phone: +1 210-775-2636 (USA) Address: 1321 Upland Dr. PMB 20205, Houston, Texas, 77043, US

The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster the healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share & COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019. Information Source - https://www.fortunebusinessinsights.com/beverage-cans-market-104706 The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that you can adopt the necessary strategies accordingly. The market report includes: All-encompassing report of the market Critical insights into the market Dominant regions in the world Market drivers and restraints Competitive landscape COVID-19 impact Market Driver: Evolving Consumer Lifestyle to Influence Massive Growth The rising urbanization, coupled with the growing population are factors expected to boost the growth of the market. The increasing disposable income in developing countries has led to high consumer spending on beverages, which, in turn, will propel the market growth. Brand preference has played an essential role in spurring the demand for beverages in developing countries, thus boosting the market growth. The growing knowledge about sustainable and recyclable beverage packaging among consumers will consequently improve the demand for metal cans in the forthcoming years. Moreover, shifting lifestyle choices and increasing health consciousness will fuel demand for healthy and nutritious drinks, hence favoring the business of beverage cans. COVID-19 Impact: Varied Effect of COVID-19 on the Beverage Cans Market The restrictions imposed by the governments on bauxite mining, transportation of raw material, and recycling activities of aluminum has disrupted the supply chain of the industry. Thus, a shortage in the supply of cans by beverage manufacturers. Nevertheless, the demand for beverages peaked high during the pandemic. The buying pattern of consumers changed drastically, and high consumption beverages during lockdown helped in the recovery of the beverage cans market growth. The inflated demand for beverages impelled manufacturers to adopt strategies to stabilize these cans' supply and production amid global pandemic. Regional Analysis: Inclination towards Healthy Beverages to Boost Market in North America North America is expected to hold the largest beverage cans market share in the foreseeable years. The increasing health consciousness among consumers has led to high demand for healthy and nutritious beverages in the US. Asia Pacific is expected to expand rapidly during the forecast period. The growth is attributed to the rising population and urbanization activities in the region. Moreover, increasing consumer spending and changing lifestyles will have a tremendous impact on the region's market. Moreover, the growing consumer awareness regarding environmental pollution has impelled the manufacturers to use sustainable packaging solutions, which, in turn, will augur well for the market in Europe. Besides, the European Union's initiative to achieve the goal of circular economy will further fuel demand for these cans in the forthcoming years. Key Development: July 2020: CANPACK, a global manufacturer of aluminum beverage cans, began production at its greenfield facility in Stříbro, Czech Republic, after 10 months of project announcement. The plant has an investment of US$ 117.5 Mn, with the capacity to produce 1 billion cans annually. The Report Lists the Key Companies in the Market: Ball Corporation (U.S.) Orora Packaging Australia Pty Ltd (Australia) Crown Holdings, Inc. (U.S.) Ardagh Group S.A. (Ireland) CANPACK S.A. (Poland) GZ Industries Ltd. (Nigeria) CPMC Holdings Ltd. (China) MSCANCO (Saudi Arabia) Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan) Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka) Universal Can Corporation (U.S.) Techpack Solutions (China) Baosteel Metal Co., Ltd. (China) Asia Packaging Industries (Vietnam) Silgan Holdings (U.S.) Other Key Players

The global resilient flooring market size is projected to reach USD 58.11 billion by 2027, exhibiting a CAGR of 1.7% during the forecast period. Development and availability of eco-friendly flooring and tiling solutions will be a major growth determinant for this market, observes Fortune Business Insights™ in its report, titled “Resilient Flooring Market Size, Share & COVID-19 Impact Analysis, By Product Type (Luxury Vinyl Tile, Vinyl Sheet & Floor Tile, Rubber, Linoleum, and Others), By Application (Residential, Commercial and Others), and Regional Forecast, 2020-2027”. The heightened need for making brick-and-mortar structures more sustainable and low carbon-emitting is nudging builders and homebuyers to opt for environment-friendly interiors. Flooring and tiling are essential components of home aesthetics and recycled and natural materials are being increasingly utilized to produce innovative solutions. For example, cork, which is derived from the oak tree, is fire-resistant, has antimicrobial properties, and is relatively less expensive, all of which make it a highly attractive flooring option. Similarly, bamboo floor tiles are gaining popularity as bamboo is natural and recyclable as well as durable and easy to maintain. The growing availability of resilient flooring products made from natural materials is expected foster healthy growth of this market in the foreseeable future. Information Source - https://www.fortunebusinessinsights.com/resilient-flooring-market-102945 The report states that the global market value stood at USD 29.62 billion in 2019 and offers the following: Intelligent insights on the current and upcoming trends and opportunities in the market; Detailed analysis of the market drivers, restraints, and segments; Comprehensive profiling of key players and careful examination of their strategies; and In-depth assessment of the regional developments impacting the market. Market Restraint Sharp Contraction in Construction Activities Triggered by COVID-19 to Dampen Market Spirits The outbreak of the coronavirus pandemic has caused unprecedented upheavals in the construction industry across countries and will inevitably stymie the resilient flooring market growth. According to the UK-based Royal Institute of Chartered Surveyors (RICS), 25% of the construction projects worldwide were paused in the second quarter of 2020 and productivity at sites dropped by 12% as governments imposed lockdowns and social distancing measures to contain the spread of the virus. The RICS predicts that cost escalation because of delays, cancellations, and reduced on-site workforce will put enormous pressure on the construction industry in the next twelve months. Country-wise scenario for this industry appears equally grim. In India, for instance, the Ministry of Statistics and Program Implementation reported a staggering 50.3% contraction in construction activities since the pandemic outbreak. With the demand for resilient flooring being solely dependent on construction activities, this market is likely to undergo a period of shock as a result of the COVID-19 pandemic.

The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster the healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share & COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019. Information Source - https://www.fortunebusinessinsights.com/beverage-cans-market-104706 The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that you can adopt the necessary strategies accordingly. The market report includes: All-encompassing report of the market Critical insights into the market Dominant regions in the world Market drivers and restraints Competitive landscape COVID-19 impact Market Driver: Evolving Consumer Lifestyle to Influence Massive Growth The rising urbanization, coupled with the growing population are factors expected to boost the growth of the market. The increasing disposable income in developing countries has led to high consumer spending on beverages, which, in turn, will propel the market growth. Brand preference has played an essential role in spurring the demand for beverages in developing countries, thus boosting the market growth. The growing knowledge about sustainable and recyclable beverage packaging among consumers will consequently improve the demand for metal cans in the forthcoming years. Moreover, shifting lifestyle choices and increasing health consciousness will fuel demand for healthy and nutritious drinks, hence favoring the business of beverage cans. COVID-19 Impact: Varied Effect of COVID-19 on the Beverage Cans Market The restrictions imposed by the governments on bauxite mining, transportation of raw material, and recycling activities of aluminum has disrupted the supply chain of the industry. Thus, a shortage in the supply of cans by beverage manufacturers. Nevertheless, the demand for beverages peaked high during the pandemic. The buying pattern of consumers changed drastically, and high consumption beverages during lockdown helped in the recovery of the beverage cans market growth. The inflated demand for beverages impelled manufacturers to adopt strategies to stabilize these cans' supply and production amid global pandemic. Regional Analysis: Inclination towards Healthy Beverages to Boost Market in North America North America is expected to hold the largest beverage cans market share in the foreseeable years. The increasing health consciousness among consumers has led to high demand for healthy and nutritious beverages in the US. Asia Pacific is expected to expand rapidly during the forecast period. The growth is attributed to the rising population and urbanization activities in the region. Moreover, increasing consumer spending and changing lifestyles will have a tremendous impact on the region's market. Moreover, the growing consumer awareness regarding environmental pollution has impelled the manufacturers to use sustainable packaging solutions, which, in turn, will augur well for the market in Europe. Besides, the European Union's initiative to achieve the goal of circular economy will further fuel demand for these cans in the forthcoming years. Key Development: July 2020: CANPACK, a global manufacturer of aluminum beverage cans, began production at its greenfield facility in Stříbro, Czech Republic, after 10 months of project announcement. The plant has an investment of US$ 117.5 Mn, with the capacity to produce 1 billion cans annually. The Report Lists the Key Companies in the Market: Ball Corporation (U.S.) Orora Packaging Australia Pty Ltd (Australia) Crown Holdings, Inc. (U.S.) Ardagh Group S.A. (Ireland) CANPACK S.A. (Poland) GZ Industries Ltd. (Nigeria) CPMC Holdings Ltd. (China) MSCANCO (Saudi Arabia) Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan) Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka) Universal Can Corporation (U.S.) Techpack Solutions (China) Baosteel Metal Co., Ltd. (China) Asia Packaging Industries (Vietnam) Silgan Holdings (U.S.) Other Key Players

The global physical vapor deposition market size is expected to experience considerable growth by reaching USD 40.97 billion by 2028 while exhibiting a CAGR of 8.2% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Physical Vapor Deposition Market, 2021-2028.” The report further mentions that the market stood at USD 22.43 billion in 2020. Factors such as the increasing demand for eco-friendly coating processes and the growing demand for medical equipment amid the COVID-19 crisis are expected to propel the product’s demand in the forthcoming years. Information Source - https://www.fortunebusinessinsights.com/physical-vapour-deposition-pvd-market-102364 The effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Owing to the lockdown announced by government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities. Market Segmentation On the basis of category, the market is divided into PVD equipment, PVD material, and PVD services. Based on category, the PVD equipment segment held a global physical vapor deposition market share of about 59.5% in 2020 and is expected to showcase exponential growth during the forecast period. This is due to the increasing PVD adoption in several industrial applications such as medical, solar products, and data storage worldwide. On the basis of application, the market is segmented into data storage, microelectronics, solar products, cutting tools, medical equipment, and others. Finally, based on region, the market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. What does the Report Provide? The market report provides an in-depth analysis of several factors, such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PESTEL and PORTER’s Five Point Analysis to obtain information about the current trends and industry developments that will drive the physical vapor deposition market growth in the forthcoming years.

The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster the healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share & COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019. Information Source - https://www.fortunebusinessinsights.com/beverage-cans-market-104706 The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that you can adopt the necessary strategies accordingly. The market report includes: All-encompassing report of the market Critical insights into the market Dominant regions in the world Market drivers and restraints Competitive landscape COVID-19 impact Market Driver: Evolving Consumer Lifestyle to Influence Massive Growth The rising urbanization, coupled with the growing population are factors expected to boost the growth of the market. The increasing disposable income in developing countries has led to high consumer spending on beverages, which, in turn, will propel the market growth. Brand preference has played an essential role in spurring the demand for beverages in developing countries, thus boosting the market growth. The growing knowledge about sustainable and recyclable beverage packaging among consumers will consequently improve the demand for metal cans in the forthcoming years. Moreover, shifting lifestyle choices and increasing health consciousness will fuel demand for healthy and nutritious drinks, hence favoring the business of beverage cans. COVID-19 Impact: Varied Effect of COVID-19 on the Beverage Cans Market The restrictions imposed by the governments on bauxite mining, transportation of raw material, and recycling activities of aluminum has disrupted the supply chain of the industry. Thus, a shortage in the supply of cans by beverage manufacturers. Nevertheless, the demand for beverages peaked high during the pandemic. The buying pattern of consumers changed drastically, and high consumption beverages during lockdown helped in the recovery of the beverage cans market growth. The inflated demand for beverages impelled manufacturers to adopt strategies to stabilize these cans' supply and production amid global pandemic. Regional Analysis: Inclination towards Healthy Beverages to Boost Market in North America North America is expected to hold the largest beverage cans market share in the foreseeable years. The increasing health consciousness among consumers has led to high demand for healthy and nutritious beverages in the US. Asia Pacific is expected to expand rapidly during the forecast period. The growth is attributed to the rising population and urbanization activities in the region. Moreover, increasing consumer spending and changing lifestyles will have a tremendous impact on the region's market. Moreover, the growing consumer awareness regarding environmental pollution has impelled the manufacturers to use sustainable packaging solutions, which, in turn, will augur well for the market in Europe. Besides, the European Union's initiative to achieve the goal of circular economy will further fuel demand for these cans in the forthcoming years. Key Development: July 2020: CANPACK, a global manufacturer of aluminum beverage cans, began production at its greenfield facility in Stříbro, Czech Republic, after 10 months of project announcement. The plant has an investment of US$ 117.5 Mn, with the capacity to produce 1 billion cans annually. The Report Lists the Key Companies in the Market: Ball Corporation (U.S.) Orora Packaging Australia Pty Ltd (Australia) Crown Holdings, Inc. (U.S.) Ardagh Group S.A. (Ireland) CANPACK S.A. (Poland) GZ Industries Ltd. (Nigeria) CPMC Holdings Ltd. (China) MSCANCO (Saudi Arabia) Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan) Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka) Universal Can Corporation (U.S.) Techpack Solutions (China) Baosteel Metal Co., Ltd. (China) Asia Packaging Industries (Vietnam) Silgan Holdings (U.S.) Other Key Players

The global beverage cans market size is expected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. The growing adoption of alcoholic beverages in underdeveloped and conservative countries can simultaneously bolster the healthy growth of this market, states Fortune Business Insights, in a report, titled “Beverage Cans Market Size, Share & COVID-19 Impact Analysis, By Product (Aluminium, and Steel), Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 25.31 billion in 2019. Information Source - https://www.fortunebusinessinsights.com/beverage-cans-market-104706 The coronavirus emergency has financially drained various industries and sectors around the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies receive in-depth information about every market's present scenario so that you can adopt the necessary strategies accordingly. The market report includes: All-encompassing report of the market Critical insights into the market Dominant regions in the world Market drivers and restraints Competitive landscape COVID-19 impact Market Driver: Evolving Consumer Lifestyle to Influence Massive Growth The rising urbanization, coupled with the growing population are factors expected to boost the growth of the market. The increasing disposable income in developing countries has led to high consumer spending on beverages, which, in turn, will propel the market growth. Brand preference has played an essential role in spurring the demand for beverages in developing countries, thus boosting the market growth. The growing knowledge about sustainable and recyclable beverage packaging among consumers will consequently improve the demand for metal cans in the forthcoming years. Moreover, shifting lifestyle choices and increasing health consciousness will fuel demand for healthy and nutritious drinks, hence favoring the business of beverage cans. COVID-19 Impact: Varied Effect of COVID-19 on the Beverage Cans Market The restrictions imposed by the governments on bauxite mining, transportation of raw material, and recycling activities of aluminum has disrupted the supply chain of the industry. Thus, a shortage in the supply of cans by beverage manufacturers. Nevertheless, the demand for beverages peaked high during the pandemic. The buying pattern of consumers changed drastically, and high consumption beverages during lockdown helped in the recovery of the beverage cans market growth. The inflated demand for beverages impelled manufacturers to adopt strategies to stabilize these cans' supply and production amid global pandemic. Regional Analysis: Inclination towards Healthy Beverages to Boost Market in North America North America is expected to hold the largest beverage cans market share in the foreseeable years. The increasing health consciousness among consumers has led to high demand for healthy and nutritious beverages in the US. Asia Pacific is expected to expand rapidly during the forecast period. The growth is attributed to the rising population and urbanization activities in the region. Moreover, increasing consumer spending and changing lifestyles will have a tremendous impact on the region's market. Moreover, the growing consumer awareness regarding environmental pollution has impelled the manufacturers to use sustainable packaging solutions, which, in turn, will augur well for the market in Europe. Besides, the European Union's initiative to achieve the goal of circular economy will further fuel demand for these cans in the forthcoming years. Key Development: July 2020: CANPACK, a global manufacturer of aluminum beverage cans, began production at its greenfield facility in Stříbro, Czech Republic, after 10 months of project announcement. The plant has an investment of US$ 117.5 Mn, with the capacity to produce 1 billion cans annually. The Report Lists the Key Companies in the Market: Ball Corporation (U.S.) Orora Packaging Australia Pty Ltd (Australia) Crown Holdings, Inc. (U.S.) Ardagh Group S.A. (Ireland) CANPACK S.A. (Poland) GZ Industries Ltd. (Nigeria) CPMC Holdings Ltd. (China) MSCANCO (Saudi Arabia) Pakistan Aluminum Beverage Cans Limited (PABC Ltd.) (Pakistan) Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka) Universal Can Corporation (U.S.) Techpack Solutions (China) Baosteel Metal Co., Ltd. (China) Asia Packaging Industries (Vietnam) Silgan Holdings (U.S.) Other Key Players