Aluminum Cans Market Expected to Experience Attractive Growth Through 2028

According to Stratview Research’s latest report, titled “Aluminum Cans Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022–2028”, 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). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Aluminum Cans Market.

Market Insights

According to analysts, the aluminum cans 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 Dynamics

The growth of the aluminum cans market is primarily driven by-

• Expanding canned food preference,
• Increment in extra cash for the customers,
• Rising number of health-conscious consumers,
• Increasing preference for aluminum cans from various industries owing to their distinct features, such as lightweight, stackable, strong, resistant to transportation, hermetically sealed cover, irregular handling, and easy recyclability.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Aluminum Cans Market realities and future market possibilities for the forecast period of 2022 to 2028. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data provided in the report can play a vital role in assisting market participants and investors in identifying low-hanging fruits available in the market as well as developing growth strategies to accelerate their growth process.

Segments Analysis

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.

The list of Key Players in the report are -

The market for Aluminum Cans is gradually consolidating with major companies that are performing mergers & acquisitions to quickly gain the leading position and to tap the growing opportunities in this briskly expanding market. Some of the major key players in the Aluminum Cans Market are listed below.

• 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 Features -

This market report includes the following features –

- Market structure: Overview, industry life cycle analysis, supply chain analysis.

- Market environment analysis: Growth drivers and constraints.

- Market trend and forecast analysis.

- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.

- Attractive market segments and associated growth opportunities.

- Emerging trends.

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About Stratview Research –

Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.