The global aluminium cans market attained a value of USD 48.16 billion in 2023 and expected to grow at a CAGR of 3.2% in the forecast period of 2024-2032.
Based on application, beverages are anticipated to account for a significant share of the market for aluminium cans. The growing consumer preference for canned beverages has bolstered the demand for aluminium cans to package drinks like carbonated soft drinks, coffee, and juices, among others. The recyclability offered by aluminium cans, along with the convenience of usage are some of the major factors contributing to their demand. Also, the leading beverage manufacturers utilise designer labels to attract more consumers and increase the product reach. In addition, the growing innovations by the manufacturers to make aluminium cans suitable for packaging hard drinks like wine, cocktails, and energy drinks are anticipated to aid the market growth in the forecast period.
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North America is projected to account for a significant share of the global market for aluminium cans in the forecast period. This can be attributed to the growing focus of the leading manufacturers on the adoption of packaging materials that are sustainable and recyclable. Also, the growing consumer demand for premium alcoholic and non-alcoholic canned beverages, fuelled by the rising disposable incomes and improved living standards, is anticipated to support the market growth. Meanwhile, the Asia Pacific region is anticipated to witness a significant demand in the forecast years, with the growing consumer inclination towards processed and packaged food and beverage products. In addition, the growing demand for premium canned products such as sparkling water, wine, and hard spirits, among others, in developing economies is anticipated to prove beneficial for the market growth in the forecast period.
Aluminium cans are containers that are primarily used for packaging beverages and food items such as carbonated soft drinks, alcoholic beverages, fruits and fruit juices, soups, vegetables, and canned sea food, among others. These cans are sustainable in nature and offer convenience of usage, along with improved product protection.
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By application, the market can be segregated into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Aluminium cans are one of the only infinitely-recyclable packaging materials available in the market that offer numerous benefits, including long shelf life, light weight, convenience of usage, improved durability, and corrosion resistance, among others. Aluminium cans offer improved product protection against oxygen, light, and moisture, among others. As a result, the use of aluminium-based packaging materials for canned products is gaining traction. The increased consumer preference for packaged and processed food products, especially among the working population, is also driving the market growth. Canned products like canned vegetables retain the freshness and the nutrients of the product for an extended duration, which allows for all-year round availability of seasonal goods. Also, canned products are cost-effective and offer a vast variety to choose from, which is further attracting consumer interest. Furthermore, the growing use of aluminium cans for the packaging of non-food items such as cosmetics, pharmaceuticals, oil, chemicals, and others, is anticipated to bolster their demand in various application sectors. The growing investments by the leading market players to expand their production capacity are anticipated to further supplement the growth of the market in the forecast period. For instance, in July 2021, Ball Corporation announced its plans to significantly expand its production capacity with the addition of new and advanced facilities in the UK and Russia, in an endeavour to meet the growing customer demand for sustainable products.
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The report gives a detailed analysis of the following key players in the global aluminium cans market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model and SWOT analysis.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Application||
|Breakup by Region||
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Packaging Industry Overview
8.1 Global Packaging Historical Market (2018-2023)
8.2 Global Packaging Market Forecast (2024-2032)
8.3 Global Packaging Market by Region
8.4 Global Packaging Market by Type
8.5 Global Packaging Market by Application
9 Global Beverage Cans Market Overview
9.1 Global Beverage Cans Historical Market (2018-2023)
9.2 Global Beverage Cans Market Forecast (2024-2032)
9.3 Global Beverage Cans Market by Region
9.4 Global Beverage Cans Market by Type
10 Global Aluminium Cans Market Analysis
10.1 Key Industry Highlights
10.2 Global Aluminium Cans Historical Market (2018-2023)
10.3 Global Aluminium Cans Market Forecast (2024-2032)
10.4 Global Aluminium Cans Market by Application
10.4.1.1 Market Share
10.4.1.2 Historical Trend (2018-2023)
10.4.1.3 Forecast Trend (2024-2032)
10.4.2.1 Market Share
10.4.2.2 Historical Trend (2018-2023)
10.4.2.3 Forecast Trend (2024-2032)
10.5 Global Aluminium Cans Market by Region
10.5.1 Market Share
10.5.1.1 North America
10.5.1.3 Asia Pacific
10.5.1.4 Latin America
10.5.1.5 Middle East and Africa
11 Regional Analysis
11.1 North America
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup by Country
126.96.36.199 United States of America
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Country
188.8.131.52 United Kingdom
11.3 Asia Pacific
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.3.3 Breakup by Country
11.4 Latin America
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.4.3 Breakup by Country
11.5 Middle East and Africa
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.5.3 Breakup by Country
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
12 Market Dynamics
12.1 SWOT Analysis
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players Market Share
14.3 Company Profiles
14.3.1 Ball Corp.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
184.108.40.206 Financial Summary
14.3.2 Crown Holding, Inc.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
126.96.36.199 Financial Summary
14.3.3 Norsk Hydro ASA
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
18.104.22.168 Financial Summary
15 Setting Up an Aluminium Can Manufacturing Plant
15.1 Key Success and Risk Factors for Manufacturing Aluminium Cans
15.2 Products Manufactured: Introduction and Specification
15.3 Manufacturing Process Involved
15.4 Process Flow
15.5 Raw Material Requirements and Mass Balance
16 Capital Investment
16.1 Land Requirements and Investment
16.2 Construction Requirements and Investment
16.3 Plant Layout
16.4 Machinery Requirements and Investment
16.5 Other Capital Requirements and Investment
17 Operating Expenditures
17.1 Raw Material Requirements and Expenditures
17.2 Packaging Requirements and Costs
17.3 Labor Requirements and Costs
17.4 Transportation Requirements and Costs
17.5 Utilities Requirements and Costs
17.6 Financial Support
17.7 Other Operating Expenditures
18 Project Economics
18.1 Techno-Economic Parameters
18.2 Product Pricing and Margins
18.3 Income Projections
18.4 Expenditure Projections
18.7 Financial Analysis
19 Events and Developments
List of Key Figures and Tables
1. Global Aluminium Cans Market: Key Industry Highlights, 2018 and 2032
2. Global Aluminium Cans Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Aluminium Cans Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Aluminium Cans Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Aluminium Cans Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Aluminium Cans Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Aluminium Cans Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Aluminium Cans Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Aluminium Cans Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Aluminium Cans Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Aluminium Cans Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Aluminium Cans Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Aluminium Cans Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Aluminium Cans Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Aluminium Cans Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Global Aluminium Cans Market Structure
The global aluminium cans market reached a value of USD 48.16 billion in 2023.
The market is projected to witness a CAGR of 3.2% in the forecast period of 2024-2032.
By 2028, the market is estimated to reach a value of USD 58.18 billion.
Factors such as rising disposable incomes, increasing population, and increasing demand for aluminium cans from food, pharmaceuticals, oil, chemicals, and other industries, are driving the growth of the market.
The rising eco-consciousness and recycling of the aluminium cans are among the key trends aiding the industry growth.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest market share.
Based on application, the beverage segment accounts for the largest market share.
The major players in the market include Ball Corp., Crown Holding, Inc., and Norsk Hydro ASA, among others.
The global aluminium cans market attained a value of USD 48.16 billion in 2023 driven by the rising alcohol consumption and the growing demand from application sectors. Aided by the rising eco-consciousness, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.2%. The aluminium cans market is projected to reach USD 58.18 billion by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. On the basis of application, the beverages sector accounts for the largest share in the market. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above industry include Ball Corp., Crown Holding, Inc., Norsk Hydro ASA, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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