Aluminum Containers and Closures Market Size, Scope, Growth Opportunities, Trends by Manufacturers And Forecast to 2028

The research report "Aluminum Containers and Closures Market by Container Capacity (Up to 50 ml, 50 ml - 200 ml, 200 ml - 400 ml, 400 ml and above), Product Type (Containers (Compartmental, Non- Compartmental), Closures (Roll-On-Pilfer-Proof, Spout closures, Easy open ends, Non-refillable closures, Closure strips and Others), End-User (Beverage, Pharmaceutical, Retail & Supermarkets, Food, Home & personal care, Others (Automotive and Chemical) and Geography - Global/Region/Country Forecast to 2028."The aluminum containers and closures market size is valued at USD 14,609.2 million in 2021 and is projected to witness a considerable CAGR rate of 3.3% during the forthcoming years 2022-2028.

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Increase in the concerns about product security and safety is fuelling the Aluminum Containers and Closures Market:
Aluminum containers and closures market report offers granular level information regarding the market share, market size, market drivers, restraints, unmet needs and trends which are presently affecting the market. This market report also presents thorough insights into competitor's overview, key market developments, their key strategies and company share analysis. This market also covers important information regarding reimbursement scenario, market entry strategies and regulatory framework. It also tracks recent innovations.

The global market report aims at covering a comprehensive overview on the Aluminum containers and closures market which can be classified based on the end-user, container capacity, closures and product type. The aluminum containers and closures market has been categorized into different segments such as Up to 50 ml, 50 ml-200 ml, 200 ml - 400ml, 400 ml and above based on container capacity. Among these segments, the 50 ml-200 ml segment is likely to be the rapidly growing and biggest segment in terms of container capacity. The market is classified into the sectors such as Closures and Containers on the basis of product type. Amid these sectors, the containers segment witnessed the biggest share in 2021. The market has been classified into different segments such as Chemical, Beverage, Food, Retain & Supermarkets, Home & personal care. Among these segments, the beverage segment is anticipated to lead the aluminum containers and closures market. This segment further anticipated to witness the highest CAGR rate during the forthcoming years. Amcor acquired Bemis Company Inc. in June 2019. This combined company is not going to operate as Amcor Plc (Amcor). The acquirement of Bemis has brought additional capabilities, scale and footprint which have strengthened.

Major factors bolstering the aluminum container & closures market are the growing demand for convenience food, concerns regarding product security and safety, product differentiation, branding and decreasing pack sizes.

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North America accounted for a major share in the Aluminum Containers and Closures Market:
The aluminum containers and closures market report aim at providing a complete outlook around the region with a complete focus on the leading regions such as Asia Pacific, Europe, North America, Latin America, Middle East, and Africa. Among these regions, North America witnessed a significant share in the market.

Competitive Analysis - Aluminum Containers and Closures Market
Major players operating in the aluminum containers and closures market are ITC Packaging, Guala Closure, Berlin Packaging and Silgan Holdings.

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