Report Overview: The global aluminium cans market reached a value of US$ 45.51 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Aluminium cans are widely used across the globe as they are recyclable and non-toxic in nature. They aid in keeping the contents fresh and preserving their quality. As they offer high reflectivity, strength and resistance to corrosion, aluminium cans are widely used in the chemical and oil industries. Apart from this, they are lightweight, durable, stackable, cost-effective, and are impermeable to oxygen, oil and fats, water vapor, micro-organisms, and ultra-violet rays. As a result, they are also employed in the food and beverage (F&B) industry for packaging purposes.
Market Trends:
Rapid urbanization, hectic lifestyles and inflating income levels have shifted the preferences of consumers to packaged food products and beverages, which is strengthening the growth of the global aluminium cans market. Apart from this, the increasing consumption of sports and non-alcoholic drinks is also catalyzing the demand for aluminium cans worldwide. Moreover, the growing efforts by manufacturers to produce better-quality packaging is boosting the sales of aluminium cans around the world.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Aluminium Cans Market 2020-2025 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of the leading players operating in the market are:
Ball Corporation (NYSE: BLL) Crown Holdings, Inc. (NYSE: CCK) Ardagh Group S.A. Amcor Limited CMPC Holdings Limited
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The report has segmented the market on the basis of Application, and Region.
Breakup by Application:
Beverages Food Others
Regional Insights:
Asia Pacific North America Europe Middle East and Africa Latin America
Key highlights of the report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
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Also read: Paper Cups Market Report 2020: Industry Trends, Share, Size, Demand, COVID-19 Impact Analysis, And Future Scope