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Global Aluminium Cans Market Overview 2018, Demand by Regions, Share, Trends and Forecast to 2023

08-10-2018 12:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Global Aluminium Cans Market Overview 2018, Demand by Regions,

The global aluminium cans market has been witnessing a steady growth over the past few years. This can be accredited to advancements in technology, product innovations along with various benefits offered by aluminium cans.

Aluminium cans currently represent one of the most widely used containers for packaging purposes. They are often made from recycled aluminium and act as a barrier against air, light and moisture. This also makes them rust-resistant and capable of preserving the flavour and quality of the contents. In addition to this, aluminium cans have high strength and do not require much care during distribution and handling. Apart from this, they are lightweight, offer efficiency while shipping and storage, and limit carbon emissions. Other benefits offered by aluminium cans include recyclability, malleability, corrosion resistance and low cost of production. A new research report by IMARC Group, titled “Aluminium Cans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, estimates that the market reached a volume of more than 290 Billion Cans in 2017. The report further anticipates the market to reach a volume of 333 Billion Cans by 2023, at a projected CAGR of over 2% over the forecast period.

Want more information about this market? Request a free report sample: https://www.imarcgroup.com/request?type=report&id=548&flag=B

Global Aluminium Cans Market Drivers/Constraints:

There has been a shift in the consumer preference towards packaged food and beverages owing to a significant rise in disposable incomes. This is one of the major factors which is driving the growth of the global aluminium cans market.

There has been a significant rise in environmental concerns and the consumers have also become aware about the recovery and recyclability properties of aluminium cans. This has, in turn, contributed towards an augmented demand for aluminium cans across the globe.

Governments of various nations have implemented numerous policies and regulations for the manufacturers to produce better-quality packaging which is a primary factor positively influencing the market growth.

Over the recent years, the consumers have started using packaging made of alternate materials including PET and glass. This acts as one of the major obstacles which is hindering the growth of the aluminium cans market.

Get more information about the market: https://www.imarcgroup.com/aluminium-cans-manufacturing-plant

Application Insights:

On the basis of application, the market has been segmented into the beverage and food sectors. Amongst these, the beverage sector dominates the market, holding the majority of total share on account of convenient packaging and the availability of innovative shapes and sizes of aluminium cans.

Regional Insights:

On a geographical front, North America currently represents the largest market for aluminium cans, accounting for the more than one-third of the total global demand for aluminium cans. It is followed by Western Europe and Asia-Pacific.

Competitive Analysis:

The aluminium cans market is concentrated in nature with the presence of few small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

Rexam
Crown
Ball

Browse related reports:

Corrugated Boxes Market Research Report: https://www.imarcgroup.com/prefeasibility-report-corrugated-box-manufacturing-plant

Jute Bag Market Research Report: https://www.imarcgroup.com/prefeasibility-report-jute-bag-manufacturing-plant

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

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