According to Stratview Research’s latest report, titled “Aluminum Cans Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025”, the Aluminum Cans Market is segmented by Product Type (Slim, Sleek, Standard, and Others), by Capacity Type (Less Than 200ml, 201-450ml, 451-700ml, 701-1000ml, and More than 1000ml), by Structure Type (1-Piece Can, 2-Piece Can, and 3-Piece Can), by End-Use Industry Type (Beverage, Food, Chemical, Pharmaceutical, Paints & Lubricants, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Aluminum Cans Market.
Market Insights
According to analysts, the Aluminum Cans Market is likely to witness a steady CAGR of 3.5% during the forecast period. Expanding canned food preference and increment in extra cash of the customers are the prime factors contributing to the demand for aluminum cans. Rising number of health-conscious consumers and increasing preference of aluminum cans from various industries owing to its distinct features, such as lightweight, being stackable, strong, resistance to transportation, hermetically sealed cover, irregular handling, and easy recyclability are also the major factors driving the market growth.
Segments Analysis
Based on the capacity type, the market is segmented as less than 200ml, 201-450ml, 451-700ml, 701-1000ml, and more than 1000ml. The 201-450ml segment held the largest share of the market in 2019. The dominance of the segment is mainly because of the beverage industry behemoths such as Coca-Cola and PepsiCo, preparing to roll out water packaged in aluminum. The 201-450 ml aluminum cans continue to witness high demand owing to their advantages such as lightweight, easy to transport and store. The rise of ‘on-the-go’ culture and growing popularity of ready-to-drink (RTD) beverages is also is contributing a healthy growth for the segment.
Based on the end-use industry type, the aluminum cans market is segmented as beverage, food, chemical, pharmaceutical, paints & lubricants, and others. The beverage segment held the largest share of the market in 2019. The dominance of the segment is mainly due to the rise in consumption of processed beverages and increasing shelf life of products. Aluminum cans are popular in the beverage industry as they are capable of preserving the quality and flavor of the contents.
In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the growing concerns regarding the use and consumption of sustainable packaging materials. High consumption of processed and ready-to-eat (RTE) food products in the region is a key growth factor for the region’s market.
Report Features -
This market report includes the following features –
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints.
- Market trend and forecast analysis.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
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About Stratview Research –
Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.