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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Aluminum Cans Market Competitive Landscape
Leading manufacturers in the aluminium cans market are focusing on increasing their production capacity to meet the increasing demand for aluminium cans across food, beverages, personal care & cosmetics, pharmaceuticals, and paints & lubricants industries.
Meanwhile, the other key players are expanding their product portfolio to cater to the growing demand in the aluminium cans market. For instance,
- In February 2021, Ball Corporation (‘Ball’), the supplier of aluminium packaging, is offering spring water in aluminium beverage cans created by Responsible Whatr, a home-grown brand. This pure water, when packaged in aluminium cans, does not lose its freshness when exposed to light or heat.
- In May 2021, VOLNAA, a beverage company, for making safer for its consumers the company introduced aluminium cans which contains packaged drinking water, to drink water on the go. With the relock revolution, the firm producing cans that are 100 percent recyclable in the hopes to contest the threat of plastic pollution.
- In June 2021, The German Company has teamed up with Nussbaum, a Swiss packaging company, to create aerosol cans made entirely of post-consumer recycled aluminium. The revolutionary aerosol packaging took a year to develop because it was made completely of repurposed beverage cans. By the end of 2021, the first Beiersdorf products in aerosol cans made entirely of recycled aluminium will be available on the market.
In June 2019, a company named, PepsiCo plans to replace plastic bottles with aluminium cans of Aquafina at locations around the United States. In addition, the business declared that they will only sold 100% recycled polyethylene terephthalate for its LIFEWTR brand, and that its bubly product will no longer be packaged in plastic.
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 .