Aluminum Cans Market Scope
Aluminum cans provide preservation to the quality of food for a long time. Aluminum cans also provide protection against light, moisture, oxygen and various other contaminants, which does not rust and which give long shelf lives to the products to any kind of packaging. Various products are packed in aluminum cans apart from food and beverages like paints, aerosol products, and numerous other items in the consumer products market. An aluminum can is a packaging container used for packaging chemicals, food and beverages, oil and many other products. Aluminum cans are widely preferred in the packaging industry as the products that are packed within it do not lose their quality and are safe for usage. In the distribution process, aluminum cans do not require much care while handling. Aluminum cans are cost-effective, have high reflectivity to heat & light and are light in weight. Aluminum cans provide protection against oxygen, moisture, light, and various other contaminants which do not rust. They also provide long shelf lives to the products to any kind of packaging and are non-toxic by nature. Benefits of aluminum cans include malleability, recyclability, corrosion resistance and low cost of production.
According to AMA, the Global Aluminum Cans market is expected to see growth rate of 2.78%Aluminum cans market is a fragmented market due to the presence of various players. The market players are focusing on increasing their manufacturing capacity in developing innovative products to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Aluminum Cans market throughout the predicted period.
Ball Corporation (United States), Crown Holdings, Inc. (United States), Exal Corporation (United States), Ardagh Group S.A. (Ireland), DS Containers, Inc. (United States), Colep Portugal, S.A. (Portugal), Nussbaum Matzingen AG (Germany), Massilly Holding S.A. (France), TUBEX GmbH (Germany), Grupo Zapata S.A. de C.V. (Mexico) and TAKEUCHI PRESS INDUSTRIES CO. LTD. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Arnest Open Joint-Stock Company (Russia), Alltub Group (France), Sarten Ambalaj Sanayi Ve Ticaret A.S. (Turkey), Matrametal Kft. (Hungary), James Briggs Ltd (United Kingdom), Asian Aerosol Pvt. Ltd. (India), Eurospray SpA (Italy) and Bharat Containers Pvt. Ltd (India).
Segmentation Overview
The study have segmented the market of Global Aluminum Cans market by Type (Cylindrical Cans, Cuboid Cans and Irregular Form), by Application (Beverage, Food, Chemicals, Pharmaceuticals and Others) and Region with country level break-up.
On the basis of geography, the market of Aluminum Cans has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Introduction to Lightweight Aluminum Cans and Adoption of Cost-Effective Aluminum Can Manufacturing Process
Market Growth Drivers:
Non-Toxic Nature is Ideal for All types of Chemical Storages and Recyclability and Corrosion Resistance will Fuel the Demand for Aluminum Cans
Challenges:
Highly Competitive Environment might Stagnate the Business Growth
Restraints:
Threat and Availability of Numerous Cheaper Polymer or Glass Substitutes and Environmental Effects due to Aluminum Manufacturing (CO2 Emissions)
Opportunities:
Upsurging Demand for Hairsprays, Deodorants, and Pharmaceuticals Augmented
Market Leaders and their Expansionary Development Strategies
In April 2019, Ball Corporation has executed two virtual power purchase agreements (VPPAs) – one wind and one solar – for 388 megawatts (MW) of new renewable energy. These agreements will allow the company to address 100% of the North American electricity load utilized in its corporate, packaging and aerospace operations by the end of 2021. Ball first began using renewable energy in 2015, building three wind turbines in partnership with a local service provider to help power its Findlay, Ohio, beverage packaging plant. In 2018, Ball expanded the Findlay project to six turbines, which will generate more than 24,000-megawatt hours (MWh) of energy each year.
In April 2019, Crown Innovators has launched round-to-square shaped tin for the luxury packaging. Crown’s broad portfolio of promotional packaging also includes a unique, round-to-square container which is available now in 100mm height. Previously, it was launched in a taller size specifically for the wine and spirits market, the shorter format opens up the use of this distinctive package to markets such as confectionery, biscuits, tea, and cosmetics.
Ball Corporation, Crown Holdings, Exal Corporation, Ardagh Group, and DS Containers, Inc. (United States)
Key Target Audience
Aluminum Can Manufacturers, Aluminum Can Distributors and Traders, Aluminum Can Upstream and Downstream Buyers, Paint and Coating Manufacturers, Government Agencies, Venture Capitalist, Aluminum Industry Associations and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.