[Latest] Global Aluminium Cans Market Size/Share Worth 76 Billion by 2030 at a 4.5% CAGR: Custom Market Insights (Analysis, Share, Report, Trends, Forecast, Trends, Segmentation)

Sandy, Utah, USA, Oct. 16, 2022 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Aluminium Cans Market Size, Trends and Insights By Product (1 Piece cans, 2 Piece cans, 3 Piece cans), By Capacity (Up to 200 ml, 201 to 450 ml, 451 to 700 ml, 701 to 1000 ml, more than 1000 ml), By End User (food and beverages industry, Pharmaceutical industry, Personal care and cosmetics industry, Paints and lubricants industry), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for global Aluminium Cans Market size & share was valued at approximately USD 53.3 Billion in 2021 and expected to reach USD 56.2 billion in 2022 and is expected to reach a value of around USD 76 Billion by 2030, at a compound annual growth rate (CAGR) of about 4.5% during the forecast period 2022 to 2030.”

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Aluminium cans have been used extensively for packaging in the food and beverages industry. It is considered one of the easiest ways of transporting food products and liquids without hampering the quality and taste of the Product for an extended period.

The purpose of using Aluminium cans for packaging food and beverages is to ensure that the packaging material has a minimum weight and maintains a low cost. The hotel industry uses Aluminium cans on a large scale as several products are outsourced from this industry to the consumers.

Market Dynamics

Drivers

The increasing demand for sustainable packaging options that can maintain the authenticity of the products is helping the market for Aluminium cans to show a tremendous boost over the years. As a result, aluminium cans have provided the cheapest option for packaging food and beverages.

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The healthcare sector has used this packaging option as it does not change the chemical composition of the inside products. Aluminium cans are very easy to be recycled and reused, which makes them a suitable option as far as the environment is concerned. Scrap collectors emerged as a significant collection source where Aluminium cans are gathered and then sent for the process of recycling. Aluminium cans can be recycled multiple times, making them suitable for protecting the world from rapid climate change. These various reasons have emerged as the driving forces for the growth of the Aluminium cans market during the forecast period.

(A free sample of the Aluminium Can report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Aluminium Can report has been modified to include the COVID-19 impact study prior to delivery.)

Click Here to Access a Free Sample Report of the Global Aluminium Can Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18728

Restraints

The cost of the raw materials required for manufacturing Aluminium cans keeps on fluctuating according to the fluctuations in the global economy. Key market players face a significant challenge against the other cheaper options for packaging. The presence of plastic materials in the packaging industry provides a more affordable opportunity.

The weight of plastic packaging is relatively less than Aluminium cans; hence, the market faces a significant challenge during the forecast period. In addition, plastic packaging provides an easier disposal option to users than Aluminium cans; hence, the market faces another major challenge. These multiple reasons emerge as the restraints for the growth of the market.

Opportunities

Aluminium cans are very easy to handle as they bear a very minimum weight which does not alter the total weight of the food or beverages. Aluminium cans have very high resistance against corrosion, making them highly durable for carrying various products. The total weight of the Aluminium can is considerably lesser than the other firm packaging options. Aluminium cans are handy when a sturdy and formed packaging option is required to maintain the integrity of the Product.

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The rapidly increasing demand for Aluminium cans worldwide has emerged as a significant factor in providing various opportunities for the Aluminium cans market to increase its market size. The massive need for a suitable packaging option that can protect food and beverages against rapid climate change has made Aluminium cans a leading market player. Aluminium cans also protect against physical damage, making them a more suitable option for packaging. These multiple opportunities support the growth of the market.

Challenges

The major challenge for Aluminium can market the availability of different packaging options, such as plastics and paper bags, which also provide environmental sustainability and match the rules and regulations the government laid down. However, consumer demand for plastic packaging has dramatically hampered the Aluminium can market’s growth.

The price of the raw material emerges as a significant challenge for the market as it keeps fluctuating according to the global economy, which hampers the final Product produced by the manufacturers. In addition, a huge step has been taken toward reducing the amount of wastage produced by the food and beverages industry which has hampered the use of Aluminium cans for packaging. Other cheaper options available in the packaging market have hampered the sales and demand for Aluminium cans to a great extent. These multiple challenges inhibit the growth of the market during the forecast period.

Key questions answered in this report:

• What is the size of the Aluminium Can market and what is its expected growth rate?
• What are the primary driving factors that push the Aluminium Can market forward?
• What are the Aluminium Can Industry’s top companies?
• What are the different categories that the Aluminium Can Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Aluminium Can market sample report and company profiles?

Click Here to Access a Free Sample Report of the Global Aluminium Can Market @ https://www.custommarketinsights.com/report/aluminum-can-market/

Report Highlights

Based on Product, the Segment of two-piece has emerged as a significant market segment due to the increasing demand for this Product among the various industries. Furthermore, based on end-user, the Segment of beverages has emerged as the largest Segment under this category due to the increasing demand for this packaging material, preventing spillage. Furthermore, based on geography, the region of North America has emerged as the most significant market player for Aluminium cans due to the increasing demand for a suitable option resistant to climatic change. Finally, Segment 201 – 450 ml has emerged as a significant segment based on capacity due to its extensive use in the market.

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Snapshots

The region of North America emerged as the largest market for Aluminium cans due to the extensive use of this material for packaging in the food and beverage industry, which is proliferating and has an increasing population worldwide. In addition, the significant number of people carrying takeaway food and beverages worldwide has dramatically helped boost the Aluminium cans market. The geographical sector of Asia Pacific has also emerged as a significant consumer of Aluminium cans due to the increasing demand for this material for packaging, which maintains the physical integrity of the content.

Report Scope

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Key Players 

• Crown Holdings Inc.
• CCL Industries Inc.
• CPMC Holdings Inc.
• Ball Corporation
• Ardagh Group S.A.
• Silgan Containers LLC
• Toyo Seikan Co., Ltd.
• Nampak Ltd.

Recent Developments

• In 2019 – PepsiCo, based in the U.S., disclosed replacing plastic bottles with Aluminium cans which proved to be a better alternative for Aquafina.
• September 2022 – The global brand Suntory Spirits of Tokyo unveiled the world’s first 100% recycled aluminium can. The Stay On Tabs (SOT) can, the first of its kind made entirely of recycled aluminium and jointly developed by UACJ and Toyo Seikan Group Holdings, emits 60% less carbon dioxide than a typical aluminium can.
• June 2022 – Ball Corporation announced the global release of its most environmentally friendly aluminium aerosol can, which has half the carbon footprint of a standard can. This will help Ball meet its 2030 science-based targets and achieve net-zero emissions by 2050.
• September 2021 – Ball Corporation announced a new US Beverage Can plant in Nevada to support the customers’ long-term growth. The company’s scheduled plan is to begin this production line in late 2022, creating closely to 180 manufacturing jobs, and this plant is to serve the demand for recyclable aluminium containers.
• August 2021 – Ardagh Metal Packaging and Gores Holdings V announced the completion of business, a particular purpose acquisition. The combined company is named Ardagh Metal Packaging SA. The company’s acquisition creates growth opportunities for businesses in America and Europe.

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Segments covered in the report

By Product

• 1 Piece cans
• 2 Piece cans
• 3 Piece cans

By Capacity

• Up to 200 ml
• 201 to 450 ml
• 451 to 700 ml
• 701 to 1000 ml
• more than 1000 ml

By End User

• The food and beverages industry
• Pharmaceutical industry
• Personal care and cosmetics industry
• Paints and lubricants industry

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On the basis of Geography

North America

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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This Aluminium Can Market Research/Analysis Report Contains Answers to the following Questions.

• Which Manufacturing Technology is used for Aluminium Can? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Aluminium Can Market? What are Their Company Profile, Their Product Information, and Contact Information?
• What Was the Global Market Status of the Aluminium Can Market? What Was the Capacity, Production Value, Cost and PROFIT of the Aluminium Can Market?
• What Is the Current Market Status of the Aluminium Can Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Aluminium Can Market by Taking Applications and Types in Consideration?
• What Are Projections of the Global Aluminium Can Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Aluminium Can Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is Economic Impact on Aluminium Can Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Is the Market Dynamics of the Aluminium Can Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Aluminium Can Industry?

 Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/aluminum-can-market/

Reasons to Purchase Aluminium Can Market Report

• Aluminium Can Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Aluminium Can Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Aluminium Can Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Aluminium Can Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

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Reasons for the Research Report

• The study provides a thorough overview of the global Aluminium Can market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Aluminium Can market analysis.

• The competitive environment of current and potential participants in the Aluminium Can market is covered in the report, as well as those companies’ strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

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Who should buy this report?

•  Participants and stakeholders worldwide Aluminium Can market should find this report useful. The research will be useful to all market participants in the Aluminium Can industry.

•  Managers in the Aluminium Can sector are interested in publishing up-to-date and projected data about the worldwide Aluminium Can market.

•  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Aluminium Can products’ market trends.
•  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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