According to the IMARC Group’s latest report, titled “Aluminium Cans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global aluminium cans market reached a volume of around 285 Billion cans in 2016, growing at a CAGR of nearly 3% during 2009-2016. Aluminium cans are made of recycled aluminium and possess distinctive properties. They act as an exceptional barrier to air, light and moisture, making the cans rust-resistant as well as proficient in preserving the quality and flavour of the contents. These cans are non-toxic in nature and require less care during handling and distribution. As a result of these properties, aluminium cans are the most popular beverage container across the globe.
Highlights of the Global Aluminium Cans Market:
- Technological developments and low production cost remain the primary growth driving factors.
- In terms of consumption, beverage sector accounts for the majority of the market share.
- North America holds the majority of the global share, representing the largest market.
As a result of the distinctive benefits offered by aluminium cans, their applications have expanded across various industries such as food, beverages, pharmaceuticals, chemicals, oils, etc. Additionally, technological developments have resulted in the manufacturing of easy to open lids and sophisticated graphical designs on the cans, along with various innovation in terms of sizes and shapes, which in turn are creating growth aspects. Manufacturers are also improving the recycling rates and taking initiatives to produce eco-friendly cans. Increasing preference for canned food, surging demand for hairsprays, deodorants and pharmaceuticals along with rise in disposable income of the consumers are other factors driving the market. Owing to the aforementioned factors, the global aluminium cans market is expected to reach a volume more than 325 Billion cans by 2022.
The market has been segmented on the basis of application including beverage sector, food sector and others. Currently, the beverage sector accounts for the majority of the global market share. Region-wise, North America represents the biggest consumer of aluminium cans, accounting for nearly a third of the total global share. The other major regions include Western Europe, Asia-Pacific and Others. On analysing the competitive landscape, it is found that Rexam, Crown and Ball are the key players operative in the market. Amongst these, Rexam is the biggest player, accounting for more than one-fifth of the global share.
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The report has examined the global aluminium cans market on the basis of:
- Beverage sector
- Food sector
- North America
- Western Europe
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