Stratview Research has announced a new report on the Aluminum Cans Market. According to the report, the market was estimated at USD 54.36 billion in 2021 and is likely to grow at a CAGR of 4.19% during 2022-2028 to reach USD 73.02 billion in 2028.

What are aluminum cans?

Aluminum cans are packaging containers that provide cost-effectiveness, high reflectivity to heat & light, lightweight, protection against oxygen, moisture, and light, and corrosion resistant properties due to which they are highly used in various end-use industries such as packaging chemicals, food, and beverages, oil, and many other products. Aluminum cans provide various advantages such as 100% recyclability. They can be recycled without reduction in durability or quality, and 95% less power by utilizing recycled aluminum in production than compared to making aluminum from raw material.

COVID-19 Impact

The impact of the global pandemic Covid-19 was felt across all industries and the lockdowns caused supply-chain disruptions. Due to lockdowns and restrictions every brewery and beverage company altogether wanted to can their product and shelf it. This led to skyrocketing demand for aluminum cans across the world and the aluminum cans market saw healthy and fast growth in this period.

Market Segmentation

The Aluminum Cans Market is segmented by Product Type (Slim, Sleek, Standard, and Others), by Capacity Type (Less Than 200ml, 201-450ml, 451-700ml, 701-1000ml, and More than 1000ml), by Structure Type (1-Piece Can, 2-Piece Can, and 3-Piece Can), by End-Use Industry Type (Beverage, Food, Chemical, Pharmaceutical, Paints & Lubricants, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Based on the capacity type, the market is segmented as less than 200ml, 201-450ml, 451-700ml, 701-1000ml, and more than 1000ml. The 201-450ml segment held the largest share of the market in 2021. The dominance of the segment is mainly because of the beverage industry behemoths such as Coca-Cola and PepsiCo, preparing to roll out water packaged in aluminum. The 201-450 ml aluminum cans continue to witness high demand owing to their advantages such as being lightweight, easy to transport, and store. The rise of ‘on-the-go’ culture and the growing popularity of ready-to-drink (RTD) beverages are also contributing a healthy growth for the segment.

Based on the end-use industry type, the aluminum cans market is segmented as beverage, food, chemical, pharmaceutical, paints & lubricants, and others. The beverage segment held the largest share of the market in 2021. The segment's dominance is mainly due to the rise in consumption of processed beverages and the increasing shelf life of products. Aluminum cans are popular in the beverage industry as they are capable of preserving the quality and flavor of the contents.

In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the major countries with lucrative growth opportunities. The growing concerns regarding the use and consumption of sustainable packaging materials mainly drive the growth of the region’s market. High consumption of processed and ready-to-eat (RTE) food products in the region is a key growth factor for the region’s market.

How stakeholders can benefit from this report –

This report covers a thorough analysis of the following segments:

• Aluminum Cans Market
• Supply & Demand Value Chain.
• Aluminum Cans Market Current Trends/Issues/Challenges.
• Competition & Companies involved.
• Effecting Technology.
• Aluminum Cans Market Drivers and Restraints.

Market Dynamics

The global market for aluminum cans is expected to grow due to several factors. A few are–

• High Recyclability of Aluminum Cans – Aluminum is a recyclable metal. Growing environmental concerns across the globe have increased the need for recyclable materials, and hence, Aluminum becomes the material of choice. Compared to all other materials, Aluminum happens to be the most economical and safest option for food, cosmetics, and other goods packaging.
• High Qualities of Aluminum – Aluminum cans offer high corrosion resistance, lightweight, yet durable. They are also easy to handle. Due to such factors, Aluminum becomes the first choice for all packaging industries.
• Demand for sustainable packaging – Governments across the globe have adopted sustainable packaging policies due to which, metal packaging is being preferred widely.

Research Methodology

The report provides a thorough analysis that reflects today’s Aluminum Cans Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.

Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players

The following are the key players in the Aluminum Cans Market.

• Ball Corporation
• Ardagh Group S.A.
• Crown Holdings Inc.
• Silgan Holdings Inc.
• Toyo Seikan Group Holdings Ltd.
• CPMC HOLDINGS Limited (COFCO Group)
• Exal Corporation
• CAN-PACK S.A.
• Hindustan Tin Works Ltd
• Amcor plc.

Report Customization Options

With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:

• Company Profiling -Detailed profiling of additional market players (up to three players)
• Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement or any further query related to the report, please send your inquiries to [email protected]. You may also connect with our market experts at +1-313-307-4176