Report Description
A recent market intelligence report that is published by Data Insights Partner on Aluminium Cans Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Aluminium Cans Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Aluminium Cans Market is offered.
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Market Insights:
In accordance with the report, the Aluminium Cans Market is projected to expand at a CAGR of X.X% over the period of forecast. The global Aluminium Cans Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. Consumers are becoming more concerned of restricting their use of plastics as a result of growing environmental concerns, which in turn is anticipated to drive the Aluminium Cans market during the forecast period. Across the globe, different of aluminium cans manufacturers are likely to benefit from rising demand for lower pack sizes in the beverage industry over the projection period. The global expansion of the aluminium cans market is fueled by an increase in the consumption of processed foods and beverages, an improvement in product shelf life, and an increase in consumer disposable income, as well as the capacity to customise packaging with colours, 3D prints, and embossing. Aluminum cans can be recycled in a closed cycle multiple times, which is a primary driver of growth. As a result, few businesses are choosing aluminium cans to reduce their carbon footprint and move toward sustainability. For example, as part of its attempts to reduce plastic waste, Coca-Cola Co.’s Dasani water brand will soon be available in cans in the United States. The demand for beverage packaging, particularly aluminium cans, is predicted to rise as alcohol use rises. Aluminum can sales are predicted to be boosted by increased consumption of flavoured alcoholic beverages, wines, soft drinks, and energy drinks. Due to growing concerns about the usage and consumption of sustainable packaging materials, North America has the greatest market share in terms of revenue. It accounts for more than a third of all aluminium can consumption worldwide. In the future years, factors such as higher product shelf life, food safety, and a developing fast-food culture are expected to drive the worldwide aluminium cans market.
The German company has partnered with Nussbaum, a Swiss packaging company, to develop aerosol cans made entirely of post-consumer recycled aluminium, which will be available in June 2021. Because the groundbreaking aerosol container was built entirely of reused beverage cans, it took a year to develop. The first Beiersdorf aerosol cans made completely of recycled aluminium will be available on the market by the end of 2021.
In the US, 70% of the plastic collected for recycling ends up in landfills, and one of the key growth drivers for aluminium cans in the region is the growing emphasis on decreasing carbon footprint through climate change mitigation.
Research Methodology:
To compile the detailed study of the global Aluminium Cans Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Aluminium Cans Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Aluminium Cans Market.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Aluminium Cans Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segment Covered:
Aluminium Cans Market report has been segmented By Structure, By Application also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
Key Segments:
Aluminium Cans Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:
Aluminium Cans Market, By Structure, 2022-2031 (USD Million And Units)
2 Piece Cans
3 Piece Cans
Aluminium Cans Market, By Application, 2022-2031 (USD Million And Units)
Chemicals
Beverage
Food
Pharmaceuticals
Others
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Report Highlights:
The prime objective of the Aluminium Cans Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report’s production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.
Aluminium Cans Market, By Region, 2022-2031 (USD Million)
North America ( United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
South Asia ( India, Pakistan and Bangladesh)
East Asia (China, Japan and South Korea)
South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
Oceania (Australia and New Zealand)
Companies Profiled:
To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Aluminium Cans Market:
Amcor
Ardagh Group S.A.
Ball Corporation
CAN-PACK S.A.
CCL Industries Inc.
CPMC Holdings Inc.
Crown Holdings Inc.
EXAL
Great China Metal Industry Company
Kian Joo Can Factory Berhad
Nampak Ltd.
ORG Packaging
Rexam
Shengxing Group
Silgan Containers LLC
Toyo Seikan Co., Ltd.
Others
Aluminium Cans Market Report Highlights:
Detailed analysis of the parent market
Key players’ strategies and products supplied in the competitive landscape
Market segmentation in depth analysis
Market size in terms of volume and value, past, present, and future scenario
Potential and specialty areas, as well as geographical regions with promising growth prospects
Market players use this information to maintain and expand their market presence, thus it’s important to have an unbiased perspective on market performance.
Recent advancements and technological trends in the industry
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