Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Global Aluminum Beverage Packaging Cans Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 5.9% during the review period (2022 to 2027).
Global Aluminum Beverage Packaging Cans Market overview
The global aluminum beverage packaging market is expected to grow with a notable CAGR during the forecast period,2022-2027. Factors such as the growing demand for sustainable packaging solutions, increasing awareness for green & eco-friendly packaging, increasing adoption of metal packaging, along with the high recyclable rates of aluminum are some of the major factors anticipated to drive the growth of the global aluminum beverage packaging market.
Aluminum beverage packaging refers to all the packaging elements made up of different grades of aluminum in the beverage manufacturing. These packaging rudiments include the manufacturing and sourcing of aluminum beverage containers of varied shapes and sizes or packaging services for the beverage builders. Aluminum packaging in the beverage industry is chiefly used to package alcoholic or non-alcoholic brews as this type of packaging acts as excellent barriers against air, moisture, and light. Aluminum cans are fast prominence due to various distinct features, such as stackable, lightweight, strong, hermetically sealed cover, resistance to transport, rough handling, and easy recyclability, allowing brands to package and transport more beverages using less material.
Who are the Prime Players in Aluminum Beverage Packaging Cans Market?
The Global Aluminum Beverage Packaging Cans Market includes identification and analysis of the various market participants competing in the global market. Prime competitors include Crown Holdings Inc., Ball Corporation, Ardagh Group S.A., Silgan Containers LLC, Toyo Seikan Co., Ltd., Nampak Ltd., CCL Industries Inc., CPMC Holdings Inc., Kian Joo Can Factory Berhad, CAN-PACK S.A.
Industry News and Updates:
June 29, 2021 : Ball Corporation (NYSE: BLL), one of the world's leading suppliers of sustainable aluminum packaging and aerospace technologies, has announced that 2030 sustainability goals focused on enhancing product stewardship and social impact to create value for stakeholders, together with a vision for how industry partners can collaborate to achieve a fully circular aluminum beverage packaging system.
March 2021: CCL Container, North America’s leading manufacturer of recyclable aluminum packaging, is expanding its eco-friendly product line to include a sustainable aluminum beverage cup. Dubbed “ReCup” for its “recyclable, refillable and reusable” properties, the cup is manufactured entirely from virgin aluminum, giving it valuable recycling potential.
What are the major Applications, Types and Regions for Global Aluminum Beverage Packaging Cans Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Slim
- Sleek
- Standard
- Other
By Application, it is segmented into
- Beverage
- Food
- Aerosol
- Other
Global Aluminum Beverage Packaging Cans Market Regional Analysis
North America holds the largest market share in terms of revenue due to the growing concerns regarding the use and consumption of sustainable packaging materials. It accounts for more than one-third of the total global consumption of aluminum cans. North America is projected to have a significant market share on account of the growing demand for different type of beverages in the nations, such as the United States, along with the presence of numerous key beverage manufacturers in the region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Global Aluminum Beverage Packaging Cans Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Aluminum Beverage Packaging Cans Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Global Aluminum Beverage Packaging Cans Market scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 5.9% during the review period (2022 to 2027).
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By Types
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- Slim
- Sleek
- Standard
- Other
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By Application
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- Construction Sector
- Pharmaceutical Sector
- Manufacturing Sector
- Oil and Gas Industry
- Mining Industry
- Others
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By Companies
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Crown Holdings Inc., Ball Corporation, Ardagh Group S.A., Silgan Containers LLC, Toyo Seikan Co., Ltd., Nampak Ltd
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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165
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Aluminum Beverage Packaging Cans Market Report
- Evaluate Aluminum Beverage Packaging Cans market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Aluminum Beverage Packaging Cans market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Question
What is the study period of this market?
The Global Aluminum Beverage Packaging Cans Market is studied from 2022-2027.
Who are the prime players in the Global Aluminum Beverage Packaging Cans Market?
Crown Holdings Inc., Ball Corporation, Ardagh Group S.A., Silgan Containers LLC, Toyo Seikan Co., Ltd., Nampak Ltd
Which region held the largest share in the Global Aluminum Beverage Packaging Cans Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant Types of Global Aluminum Beverage Packaging Cans Market?
Slim, Sleek, Standard, Other
What are the major Application of Global Aluminum Beverage Packaging Cans Market?
Beverage, Food, Aerosol, Other
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
