The global sustainability driver of reducing the use of plastics is often discussed about aluminum cans , especially by the beverage sector . Global sales of aluminum cans are projected to reach US $ 76 billion in 2029, as shown in a new Future Market Insights (FMI) study.
The global aluminum can market, characterized by an increasing demand for smaller pack sizes, observes promising growth prospects over the forecast period. The attractiveness and product differentiation at the point of sale that aluminum cans offer over other packaging formats such as plastic and glass bottles are food and beverages, paints and coatings, pharmaceuticals, and cosmetics & personal care.
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The outlook for the aluminum can market remains fairly integrated
Crown Holdings Inc., Ball Corporation, and Ardagh Group SA are leading companies operating in the global aluminum can market. The market remains fairly integrated, with these three players accounting for more than 40% of the global market . Toyo Seikan Co., Ltd., Silgan Containers LLC, Nampak Ltd. CPMC Holdings Limited, and CCL Industries Inc. are relatively small players in the global market. However, some regional and unorganized manufacturers may enter the aluminum can market by cooperating with each other to compete with global players in regional price trends.
The global aluminum can market is subdivided in detail to cover every aspect of the market and present readers with full market intelligence.
product
- One piece can
- 2 piece can
- 3 piece can
capacity
- Up to 200 ml
- 201-450ml
- 451-700ml
- 700-1000ml
- More than 1000ml
End-use industry
- food
- Fruits and vegetables
- Ready to eat
- Meat, chicken, seafood
- Pet food
- Bakery & confectionery
- others
- Drink
- Alcoholism
- Non-alcoholic
- Personal care & cosmetics
- Pharmaceuticals
- Paints and lubricants
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201-450ml aluminum cans to maintain demand
Beverage giants such as Coca-Cola and PepsiCo are preparing to roll out aluminum-wrapped water, and market players are increasing the production of wide-capacity aluminum cans. Due to its advantages such as light weight, easy to carry and store, 201-450 ml aluminum cans are in relatively high demand amid the rise of “on the go” culture and the growing popularity of ready-to-drink (RTD). I’m still watching. Beverages.
Manufacturers prioritize lightweight cans and alternative coatings
Metal packaging means reducing plastic waste in the ocean. However, it has its own eco-price. In addition to focusing on recycled aluminum, manufacturers focus on replacing bisphenol A (BPA) with a coating of low or zero chemicals to overcome the threat of the former chemicals and metal. Enjoy most of the environmental rewards of using.
Lightening has emerged as a major trend in beverage packaging that not only meets the demand for convenience, but also helps package makers and brand owners reduce their environmental footprint and overall costs .
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How growth unfolds
Demand for aluminum cans continues to rise due to the strong influence of “recyclability”. These cans dominate the beverage industry and can be recycled indefinitely without losing their properties during the process, compared to most food grade plastics that are downcycled.
Manufacturers are also focusing on capacities in the higher range of 700-1000ml and over 1000ml to take advantage of the rapidly growing demand from the paints and lubricants and personal care and cosmetics industries .
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in more than 150 countries. FMI is headquartered in Dubai, the world’s financial capital, with distribution centers in the United States and India. The latest of FMI market research reports and industry analysis is , companies overcome the challenges in the fierce competition, will help to make clear the important decisions with confidence. Customized and syndicated market research reports provide actionable insights to drive sustainable growth. A team of FMI expert-led analysts keeps track of new trends and events in a wide range of industries, ensuring clients meet the evolving needs of consumers.
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