Future Market Insights (FMI) in its latest research study estimated the demand for aluminum cans is expected to increase at 4.5% CAGR, surpassing US$ 112.3 Bn through 2031. Growing demand for beverage packaging is propelling the growth in the market.
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Increased demand for smaller pack sizes coupled with a preference for convenient packaging will boost the market. Furthermore, rising use of flavored alcoholic beverages, wine, soft drinks, and energy drinks is predicted to improve aluminium can sales.
Consequently, growing consumption of beverages among millennials across the globe will also aid the growth in the market. Furthermore, brand-owners are treating aluminium cans as a promotional tool, which is expected to create growth opportunities for the market players.
Key players are also focusing on improving the shapes and sizes to woo the end-users. Unique shapes, finishes, and features will also improve the shelf visibility of these cans. Hence, adoption of aluminium cans to achieve product differentiation, and eye-catchy prints will result in increased sales.
Manufacturers are focusing on product offerings and developing self-chilling and self-heating cans in metal can packaging innovations, which in turn is expected to boost the demand for aluminium cans over the forecast period.
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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Aluminum Cans market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Aluminum Cans Market: Segmentation
Product
1-piece Cans
2-piece Cans
3-piece Cans
Capacity
Up to 200ml
201-450ml
451-700ml
700-1000ml
More than 1000ml
End-use Industry
Food
Fruits & Vegetables
Ready-to-eat
Meat, Poultry, & Seafood
Pet Food
Bakery & Confectionery
Others
Beverages
Alcoholic
Non-alcoholic
Personal Care & Cosmetics
Pharmaceuticals
Paints & Lubricants
Aluminum Cans Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Aluminum Cans market. Competitive information detailed in the Aluminum Cans market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Aluminum Cans market report.
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Important Questions Answered in the Aluminum Cans Market Report
Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Aluminum Cans market been expanding during the forecast period?
How will the global Aluminum Cans market look like by the end of the forecast period?
What innovative strategies are adopted by Aluminum Cans market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Aluminum Cans market?
Key Offerings of the Report
Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Aluminum Cans market
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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