According to IMARC Group’s latest report, titled “Aluminium Cans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the aluminium cans market trends.
The global aluminium cans market size reached US$ 50.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 65.13 Billion by 2027, exhibiting at a CAGR of 4.4% during 2022-2027. Aluminium cans are lightweight yet durable single-use containers that are widely utilized across the food and beverages industry as a preferred packaging solution. They are lined using a spray coating that comprises epoxy lacquer or polymer, which further assists in preventing corrosion of the metal by acidic ingredients. They are widely being employed for flavor preservation and extending the shelf life of the packaged products. These cans not only offer excellent resistance to corrosion but also provide exceptional protection against moisture, oxygen, oils, fats, microorganisms, ultraviolet (UV) rays, and other contaminants. As a result, they are increasingly being preferred for packaging soda, soup, cheese, baked beans, and beer. Apart from this, these cans also play a pertinent role in product branding and differentiation.
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Aluminium Cans Market Trends:
The global market is majorly driven by the increasing sales of packaged foods and beverages. This can be attributed to rapid urbanization, hectic schedules led by the working professionals, shifting dietary preferences and the inflating per capita income levels of individuals. Along with this, there has been a rising demand for aluminium cans from the pharmaceuticals sector. They are widely used for the packaging of pain-relieving sprays and several over-the-counter (OTC) products, which is providing an impetus to the market growth. The market is further driven by the increasing environmental concerns among the masses, which has impelled the requirement for sustainable packaging containers for substituting plastic containers. Supported by the numerous government policies that encourage the adoption of recyclable packaging across multiple industries, this is acting as another major growth-inducing factor. Moreover, several players are extensively replacing bisphenol A (BPA) liners with a new epoxy called valPure V70 during the production of these cans. Since the utilization of BPA liners has often been associated with triggering numerous health conditions, they are increasingly being replaced by new liners that offer similar barrier properties to BPA.
Aluminium Cans Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the aluminium cans market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ball Corporation
- Crown Holdings, Inc.
- Ardagh Group S.A.
- Amcor Limited
- CMPC Holdings Limited
Key Market Segmentation:
The report has segmented the aluminium cans market on the basis of breakup by application and region.
Breakup by Application:
- Beverages
- Food
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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