2-Piece Draw Redraw (DRD) Cans Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.7 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global 2-Piece Draw Redraw (DRD) Cans market was valued at approximately USD 11.6 billion in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2028. The growing demand for sustainable packaging solutions and the rising consumption of packaged food and beverages are driving this growth. The Asia-Pacific region holds significant potential due to increasing industrialization and urbanization, which are expected to boost market expansion in the coming years.
Opportunity analysis indicates that emerging markets, particularly in regions such as Southeast Asia and Latin America, present substantial growth prospects. These regions are experiencing rapid economic development, increased consumer spending, and expanding retail sectors, all contributing to a higher demand for DRD cans. Additionally, advancements in can manufacturing technology and rising awareness about environmental sustainability are anticipated to open new avenues for market growth. The evolving consumer preferences towards eco-friendly packaging solutions further enhance the market's potential.
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Ball Corporation
Crown Holdings
Ardagh group
Toyo Seikan
Can Pack Group
Silgan Holdings Inc
Daiwa Can Company
Baosteel Packaging
ORG Technology
ShengXing Group
CPMC Holdings
Hokkan Holdings
Showa Aluminum Can Corporation
Trivium Packaging
United Can (Great China Metal)
Kingcan Holdings
Jiamei Food Packaging
Jiyuan Packaging Holdings
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 2-Piece Draw Redraw (DRD) Cans Market
Food Packaging
Beverage Packaging
Based on Types the Market is categorized into Below types that held the largest 2-Piece Draw Redraw (DRD) Cans market share In 2023.
Steel Cans
Aluminum Cans
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 2-Piece Draw Redraw (DRD) Cans Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 2-Piece Draw Redraw (DRD) Cans Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 2-Piece Draw Redraw (DRD) Cans Market, By Type
6. Global 2-Piece Draw Redraw (DRD) Cans Market, By Application
7. Global 2-Piece Draw Redraw (DRD) Cans Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 2-Piece Draw Redraw (DRD) Cans Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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