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Aluminum Cans Market | Covid-19 Impact Analysis
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)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
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.
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Aluminum Cans Market – Snapshot |
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Growth |
3.5% for the next five years |
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Major Capacity Type |
201-450ml |
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Major End-Use Industry Type |
Beverage |
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Region with the Highest Demand |
North America |
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Key Players |
Ball Corporation, Ardagh Group S.A., Crown Holdings Inc., Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd., CPMC HOLDINGS Limited (COFCO Group), Exal Corporation, CAN-PACK S.A., Hindustan Tin Works Ltd, and Amcor plc |
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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.
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Some of the major aluminum can manufacturers are-
Aluminum cans are packaging containers that provide cost-effectiveness, high reflectivity to heat & light, lightweight, protection against oxygen, moisture, and light, and corrosion resistant properties due to which they are highly used in various end-use industries such as packaging chemicals, food and beverages, oil and many other products. Aluminum cans provide various advantages such as 100% recyclability and can be recycled without reduction in the durability or quality, and 95% less power by utilizing recycled aluminum in production than compared to making aluminum from the raw material.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Aluminum Cans Market Research Report – Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The aluminum cans market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The aluminum cans market is expected to witness an impressive growth of 3.5% CAGR in the foreseeable future.
Ball Corporation, Ardagh Group S.A., Crown Holdings Inc., Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd., CPMC HOLDINGS Limited (COFCO Group), Exal Corporation, CAN-PACK S.A., Hindustan Tin Works Ltd, and Amcor plc are among the key players in the Aluminum Cans Market.
North America is expected to be the largest Aluminum Cans Market during the next five years.
Expanding canned food preference and increment in extra cash of the customers are the prime factors driving the growth of aluminum cans market.
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