New York, NY, May 22, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Aluminum Cans Market by Structure (2 Piece Cans and 3 Piece Cans) and by Application (Chemicals, Beverage, Food, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global aluminum cans market was approximately USD 39.41 billion in 2018 and is expected to generate around USD 48.15 billion by 2025, at a CAGR of around 2.9% between 2019 and 2025.
Aluminum cans, also known as “tin cans,” are containers made from aluminum used for packaging. They are majorly used for packing foods and beverages, such as soup and milk, alongside chemicals, oils, and various other liquids. An increasing number of health-conscious consumers and the rising preference for aluminum cans from various industries like pharmaceuticals, beverage, food, and chemicals are expected to drive the global aluminum cans market over the forecast timeframe. Moreover, the high recyclability and reprocessed properties of aluminum cans are also expected to increase product demand by various industries. The products that are manufactured from recycled metals use less energy and water and emit lesser carbon emissions, which, in turn, is likely to drive the aluminum cans market globally in the years ahead.
Browse through 99 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Aluminum Cans Market: Size, Trends, Share, Industry Analysis and Forecast, 2018–2025”.
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The aluminum cans market is expected to grow over the forthcoming years, owing to significant developments witnessed in the beverage industry, increasing the disposable income of people, rising inclination of consumers toward canned food products. Aluminum cans also provide protection against light, moisture, oxygen, and several other contaminants apart from being rust-resistant. However, the availability of various packaging substitutes like PET bottles and glass containers may hamper the global aluminum cans market growth.
Based on structure, the aluminum cans market is fragmented into 2 piece cans and 3 piece cans. The 2 piece cans accounted for a significant market share in 2018, due to their safe packaging solutions, as the technology used for packing drinks in these cans are rust preventive, non-toxic, and odorless in nature. On the basis of application, the market is divided into chemicals, beverage, food, pharmaceuticals, and others. The beverage segment accounted for a major market share in 2018, due to the rising demand for aluminum cans for packing alcoholic and non-alcoholic beverages, such as beer, cider, carbonated drinks, etc.
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North America accounted for a major share of the global aluminum cans market in 2018, due to the rising concerns among the regional population regarding the usage and consumption of sustainable packaging materials. As per the International Aluminum Institute, the production of aluminum in North America increased significantly in the year 2018, which is expected to positively impact the region’s aluminum in the years ahead.
Europe held a significant share of the global aluminum cans market in 2018. The rising number of health-conscious population and the increasing demand for aluminum cans from the beverage industry in Europe are expected to drive the aluminum cans market growth in the upcoming years. In addition, the rising consumer demand for fruit-flavored craft beer and low-sugar soft drinks is predicted to further drive this market over the forecast timeframe. The packaging industry in Europe is rapidly growing, which will further fuel the demand for aluminum cans for the packaging of various beverages.
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The Asia Pacific aluminum cans market is predicted to show the highest growth rate over the forecast timeframe globally. This regional growth can be attributed to the easy availability of raw materials and low labor costs, rising investments made in beverage processing by various companies, and growing demand and consumption of sports and energy drinks. The regional growth will be prominent particularly in India, China, and Japan.
The Latin American aluminum cans market is expected to show a substantial CAGR over the forecast time period, due to the increasing preference for canned food items and rising demand for alcoholic and non-alcoholic beverages. The Middle Eastern and African region is likely to experience lucrative growth over the forecast timeframe, owing to the rising research and development activities for innovative beverage packaging.
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Some key players operating in the global aluminum cans market include Shengxing Group, Ball Corporation, Toyo Seikan, CPMC, ORG Packaging, Rexam, Great China Metal Industry Company, Amcor, Crown, and EXAL.
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This report segments the global aluminum cans market into:
Global Aluminum Cans Market: Structure Analysis
- 2 Piece Cans
- 3 Piece Cans
Global Aluminum Cans Market: Application Analysis
- Chemicals
- Beverage
- Food
- Pharmaceuticals
- Others
Global Aluminum Cans Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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