Press release
Aluminum Cans Market Emerging Growth and Top Key Players to Watch- Ball Corporation, Amcor, ORG Packaging, CPMC in 2018-2028
An aluminum can is a container used for packaging primarily made of aluminum, which is used for packaging food and beverages, oil, chemicals and various other products. Aluminum can is capable of preserving the flavor and quality of the contents which is packed, aluminum cans have safety record which represents that the containers made of aluminum are most widely used for packaging purposes.
Aluminum cans are nontoxic by nature, which can be easily be reprocessed and requires less care in handling and distribution. Aluminum cans have lightweight, cost-effectiveness, easy handling and have high reflectivity to light and heat. Such characteristics of aluminum cans have significantly impacted the usage of aluminum cans in several industries like food and beverages, chemical, oils, pharmaceuticals, etc.
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Aluminum cans provide preservation to the quality of food for a long time. Aluminum cans also provide protection against light, moisture, oxygen and various other contaminants, which does not rust and which give long shelf lives to the products to any kind of packaging. Various products are packed in aluminum cans apart from food and beverages like paints, aerosol products and numerous of other items in the consumer products market.
Global Aluminum Cans Market: Segmentation
Based on the Application, Aluminum Cans market can be segmented into:
Food
Beverage
Pharmaceuticals
Chemicals
Others
Based on the Sub-Application, Aluminum Cans market can be segmented into:
Fruits & vegetables
Convenience food
Pet food
Meat & seafood
Other food products
Based on the Beverage Sub-Application, Aluminum Cans market can be segmented into:
Alcoholic beverages
Carbonated soft drinks
Sports & energy drinks
Other beverages
Based on the basis of structure, Aluminum Cans market can be segmented into:
2 Piece cans
3 Piece cans
Global Aluminum Cans Market: Segmentation Overview
On the basis of application, the aluminum market is segmented into Food, Beverage, Pharmaceuticals, Chemicals and others. Among application, the beverage sector is currently the major sector in the global aluminum market followed by food sector. In 2015, the beverage sector has accounted the largest share as aluminum can have convenient packaging and various innovation in terms of sizes and shapes and the aluminum cans has the properties which can be easily recyclable.
Global Aluminum Cans Market: Regional Outlook
On the basis of the geographical market segment, it is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.
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In regional segments, North-America is the leading market for the global Aluminum Cans and is anticipated to continue its position during the forecast period, accounting more than a one-third population in the total global consumption followed by Western Europe and Asia-Pacific.
Global Aluminum Cans Market: Drivers & Restraints
The Global Aluminum Cans Market is expected to witness sustained growth over the forecast period. The growth of aluminum cans market is driven as there is favorable growth in the beverage industry is a major factor which will boost the Aluminum Cans market. Furthermore, increasing preference of canned food and increase in disposable income of the consumers is the main factors which are driving the market. Furthermore, high recycling and recovery rate of metal cans is projected to be another major driver for the market as more users are becoming aware about environment protection. In addition, rising demand for hairsprays, deodorants and pharmaceuticals is augmenting the aluminum cans market during the forecast period. Growing recognition worldwide by customers and consumers that aluminum cans is very sustainable material that can be infinitely recycled without any harm in quality.
Various packaging substitutes of aluminum cans like PET bottles, glass containers are the major restraint of the aluminum cans market
Global Aluminum Cans Market: Key Players
Some of the players operating in the Aluminum Cans includes Rexam, Ball Corporation, Amcor, ORG Packaging, CPMC, Shengxing Group, Great China Metal Industry Company limited, Toyo Seikan Co., Ltd, Ball, Crown, EXAL and few other regional players. Manufacturers are investing in research & development and also focusing on different strategies to maintain their market share in the Global Aluminum Cans market.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
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