Latin America Aluminium Cans Market to Grow at a CAGR of 3.8% During 2024-2032, Aided by the Rising Demand for Aluminium Cans from the Food Packaging Industry

The aluminium cans market in Latin America is driven by the rising demand for the product from the food packaging industry. The aluminium cans are gaining wide popularity owing to the fact that the material is a very good barrier to protect food against light and air preserves food quality and is likely to be an aiding factor of the market in the forecast period. The demand for aluminum cans will further be bolstered by its ability to form any shape, along with its protective qualities. Aluminium cans are strong and durable and require less secondary packaging than other packaging types. Furthermore, the product enhances the shelf life of any food item.

Latin America is likely to account for a significant share of the global market and is likely to attain a considerable growth in the forecast period. The growth of aluminium cans market in the region is being driven by the significant growth of beverages including beer, carbonated soft drinks, energy drinks, and alcoholic beverages, among others. The market will further be aided by the growing popularity of wines, packaged drinking water and ready-to-drink cocktails in Mexico and Brazil. Furthermore, the increasing consumer call for more sustainable purchasing options, along with the growing number of brands of beverages is likely to bolster the market growth in the region.

In July 2021, Ball Corporation (NYSE: BLL) announced the plans of the company to build new aluminium beverage packaging plants in the United Kingdom and Russia. This plan is likely to add billion more cans to the existing capacities. With these cutting-edge facilities in United Kingdom and Russia, the company will be able to meet the demand of the beverages. In the United Kingdom, Ball has identified a site at the SEGRO Park Kettering Gateway, which is known to be an established industrial development in Northamptonshire. In Russia, the company is planning to build a plant in Ulyanovsk.

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Market Breakup by Applications and Region:

• The significant applications of the product include beverages, and food, among others.
• The regional markets for aluminium cans can be divided into Brazil, Argentina, and Mexico, among others.

Key Findings of the Report:

• The Latin American market for aluminium cans is driven by the rising demand for aluminium cans from the food packaging industry.
• The growing popularity of various kinds of beverages is likely to propel the market growth.
• The market is anticipated to be augmented by the growing awareness about the strength, durability, and the ability of the product to be re-used infinite times.
• The market will further be aided by the stringent government regulations pertaining to the recycling of metals in order to accomplish the sustainable development goals.
• The market is anticipated to be bolstered by the increasing consumer call for more sustainable purchasing options, coupled with the growing number of brands of beverages.

Key Offerings of the Report:

• The EMR report gives an overview of the Latin America market for aluminium cans for the periods (2018-2023) and (2024-2032).
• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the    applications and regions of aluminium cans.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the Latin America market for aluminium cans are Ball Corporation, Crown Holding, Inc., Canpack S.A., and Novelis Aluminum, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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