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The global aluminum cans market is poised for significant growth between 2023 and 2033, projecting a Compound Annual Growth Rate (CAGR) of 4.70%. Anticipated to reach a valuation of US$ 92.32 billion by 2033, up from US$ 58.33 billion in 2023, this surge is attributed to the rising beverage consumption among millennials.
Increasing consumer preference for convenient and sustainable packaging.
Rising beverage consumption.
The recyclability of aluminum cans.
Growing environmental concerns.
Government initiatives to reduce plastic usage.
Beverage Industry Driving Force:
Key driver of the aluminum cans market.
Carbonated soft drinks and beer dominate, with emerging usage in energy drinks, canned water, and ready-to-drink beverages.
Lightweight, portable, easy to stack.
Offers suitable product protection.
Highly recyclable with a global high recycling rate.
Fluctuating aluminum prices impacting production costs.
Competition from alternative materials like PET bottles and glass containers.
North America: A mature market.
Asia Pacific: Significant growth, driven by increased consumption in China, India, and Japan.
Europe: Steady demand for aluminum cans.
Historical and Forecasted Values (in billions of USD):
June 2022: Ball Corporation expands capacity in South America.
2022: Introduction of BPA-free aluminum cans for canned food items.
Comparative Analysis:
2018-2022 Outlook vs. 2023-2033 Forecast:
CAGR increase from 4.0% to 4.7%.
Aluminum cans contain around 70% recycled aluminum.
Anticipated firm growth, especially in Brazil, India, and China.
Consumer preference for chilled cans over plastic bottles.
Environmental and Sustainability Concerns:
Cans are highly recycled, contributing to increased demand.
Shift from plastic to aluminum due to recyclability.
Sales of High Durability and Lightweight Aluminum Aerosol Cans:
Highly durable, light, and resistant to corrosion.
Used in packaging various products beyond beverages.
Offer tailored solutions for specific countries or regions.
High-speed production lines and printing techniques enhance efficiency.
Significant opportunities as governments and organizations restrict or ban single-use plastics.
· Ball Corporation
· Crown Holdings, Inc.
· VOLNAA (VOLNAA GmbH)
· Toyo Seikan Co., Ltd.
· Can-Pack SA
· Introduce new can sizes, shapes, and designs.
· Invest in eco-friendly practices.
· Adopt automation and data analytics.
· Conduct market research for untapped regions.
· Form strategic partnerships for joint marketing.
The global aluminum cans market is set for substantial growth, driven by the beverage industry, environmental concerns, and sustainable packaging trends. Key players are focusing on innovation, sustainability, and strategic alliances to capture the expanding market opportunities.
The global aluminum cans market is poised for significant growth between 2023 and 2033, projecting a Compound Annual Growth Rate (CAGR) of 4.70%. Anticipated to reach a valuation of US$ 92.32 billion by 2033, up from US$ 58.33 billion in 2023.
The global market is projected to grow at a CAGR of 4.70% during the forecast period, 2023-2032.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65430
Published on :
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