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Central America Aluminium Cans Market Size, Forecast: By Size: 12 Oz, 16 Oz, Others; By Application: Beer, Soft Drinks, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Central America Aluminium Cans Market Outlook
The Central America aluminium cans market size reached nearly USD 157.15 million in 2022. The market is projected to grow at a CAGR of 3.5% between 2023 and 2028 to reach a value of around USD 192.25 million by 2028.
Key Trends in the Market
An aluminium can refers to a type of lightweight container made up of aluminium. It is a single-use can which possesses low density and excellent thermal conductivity. It is a recyclable product which is easy to handle.
- A swift transition from traditional non-renewable to recyclable packaging materials is driving the demand for aluminium cans in the region as it is infinitely recyclable.
- Growing demand for premium alcoholic beverages and soft drinks, supported by healthy economic growth across the region, is further fuelling the Central America aluminium cans market growth.
- The excellent shipping and storage efficiency of aluminium cans, along with the advantage of 360-degree labelling, makes them ideal components in the packaging sector. They are also used to enhance the effectiveness of branding and advertising of beverages by increasing the visibility of brand logos.
Market Analysis
Based on size, the Central America aluminium cans market segmentation includes 12 Oz, and 16 Oz, among others. On the basis of application, the market is classified into beer, and soft drinks, among others. The major countries included in the Central America market for aluminium cans include Guatemala, El Salvador, Panama, and Caribbean Nation, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Central America aluminium cans market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Ball Corporation
- Crown Holding, Inc.
- Ardagh Group S.A.
- Canpack S.A.
- Silgan Containers LLC
- Novelis Aluminum
- Saxco International LLC
- Envases Group
- Grupo Zapata
- Others
Market Share by Application
Beer accounts for a healthy portion of the Central America aluminium cans market share. This can be attributed to the increasing demand for crafted beers across the region. Additionally, the excellent thermal properties of aluminium cans enable beer to remain chilled for a long period of time as compared to other packaging materials while improving its flavour profile.
Over the forecast period, the anticipated increase in the availability of canned beers, owing to the rapid urbanisation across the region, is expected to boost the segment’s growth.
Market Share by Country
According to the Central America aluminium cans market analysis, Panama holds a significant share of the market. Heightened demand for alcoholic drinks across the country, fuelled by the thriving e-commerce sector, is driving the market growth.
Meanwhile, Guatemala is likely to offer lucrative expansion opportunities to the market in the forecast period owing to the emergence of social recycling campaigns across the nation, encouraging the use of recycled aluminium cans. The rising demand for packaging with innovative designs, colours, and prints is expected to be a crucial Central America aluminium cans market trend in the forecast period.
Competitive Landscape
Ball Corporation is a leading supplier of sustainable aluminium packaging materials that caters to the packaging demands of various sectors. The company was established in 1880 and is headquartered in Colorado, the United States.
Crown Holding, Inc. is a leading manufacturer of metal cans. It provides metal beverage and food cans, and metal aerosol containers, among other products. It was founded in 1892 and is headquartered in Pennsylvania, the United States.
Grupo Zapata is a company which produces sophisticated metal packaging products. Founded in 1926 and headquartered in Mexico City, Mexico, this company has a wide presence across several countries.
Other Central America aluminium cans market players include Canpack S.A., Silgan Containers LLC, Novelis Aluminum, Saxco International LLC, Envases Group, and Ardagh Group S.A., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Size |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Aluminium Cans Market Overview
8.1 Key Industry Highlights
8.2 Global Aluminium Cans Historical Market (2018-2022)
8.3 Global Aluminium Cans Market Forecast (2023-2028)
8.4 Global Aluminium Cans Market Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Central America Aluminium Cans Market Overview
9.1 Key Industry Highlights
9.2 Central America Aluminium Cans Historical Market (2018-2022)
9.3 Central America Aluminium Cans Market Forecast (2023-2028)
10 Central America Aluminium Cans Market by Size
10.1 12 Oz
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 16 Oz
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Others
11 Central America Aluminium Cans Market by Application
11.1 Beer
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Soft Drinks
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Others
12 Central America Aluminium Cans Market by Country
12.1 Guatemala
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 El Salvador
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Panama
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Caribbean Nation
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Ball Corporation
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Crown Holding, Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Ardagh Group S.A.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Canpack S.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Silgan Containers LLC
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Novelis Aluminium
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Saxco International LLC
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Envases Group
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Grupo Zapata
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Central America Aluminium Cans Market: Key Industry Highlights, 2018 and 2028
2. Central America Aluminium Cans Historical Market: Breakup by Size (USD Million), 2018-2022
3. Central America Aluminium Cans Market Forecast: Breakup by Size (USD Million), 2023-2028
4. Central America Aluminium Cans Historical Market: Breakup by Application (USD Million), 2018-2022
5. Central America Aluminium Cans Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Central America Aluminium Cans Historical Market: Breakup by Country (USD Million), 2018-2022
7. Central America Aluminium Cans Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Central America Aluminium Cans Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 157.15 million in 2022.
The market is estimated to grow at a CAGR of 3.5% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 192.25 million by 2028.
The advantages offered by aluminium cans, the swift transition from traditional non-renewable to recyclable packaging materials, and rising demand for alcoholic and soft drinks are the major drivers of the market.
The key trends in the market include the strong economic growth across the region and the thriving e-commerce sector.
12 Oz, and 16 Oz, among others, are the different sizes of aluminium cans.
Beer, and soft drinks, among others, are the major applications of aluminium cans.
Ball Corporation, Crown Holding, Inc., Ardagh Group S.A., Canpack S.A., Silgan Containers LLC, Novelis Aluminum, Saxco International LLC, Envases Group, and Grupo Zapata, among others, are the key market players.
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