The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026):
- Historical Market Size (2020): USD 986 Billion
- Forecast CAGR (2021-2026): 3%
- Forecast Market Size (2026): USD 1143 Billion
Market players are ramping up production of aluminium cans of various capacities as beverage industry behemoths such as Coca-Cola and PepsiCo prepare to roll out water packed in aluminium. Despite the emergence of ‘on-the-go’ culture and the increasing popularity of ready-to-drink (RTD) beverages, 201-450 ml aluminium cans continue to see relatively high demand due to advantages such as lightweight and easy to transport and store. To capitalise on increasingly increasing demand from the paints & lubricants and personal care & cosmetics industries, manufacturers are concentrating on higher capacity ranges such as 700-1000ml and more than 1000ml.
Industry Definition and Major Segments
Aluminium cans, also known as “tin cans,” are packaging containers made of Aluminium. They are also used to package foods and drinks like soup and milk, as well as additives, oils, and other liquids.
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On the basis off end uses, the industry is segmented into:
- Carbonated soft drinks.
- Alcoholic beverage
- Fruit juice
- Herbal tea
- Others
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
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Market Trends
The global growth of the aluminium cans market is fuelled by an increase in the consumption of packaged foods and drinks, an increase in product shelf life, and an increase in customer disposable income, as well as the ability to customise packaging with colours, 3D printers, and embossing. Concerns about the material’s non-recyclability, the pace at which it is made, and the harm it poses to marine life have led to a greater focus on reducing the amount of plastic packaging used globally. Aluminium cans have grown in popularity due to the effect they have on the environment by polluting the ocean. Aluminium cans can be recycled in a closed cycle multiple times, which is a major driver of development. As a result, few businesses are preferring aluminium cans to reduce their carbon footprint and drive toward sustainability. Furthermore, the superior properties of the product, such as low production cost, durability, strong reflectivity to heat and light, resistance against oxygen, humidity, and various other pollutants, and extended shelf life, will help to boost the growth of aluminium cans in the beverage and other packaging industries.
Key Market Players
The major players in the market Ball Corp., Crown Holding, Inc., Norsk Hydro ASA, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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