Aluminum Beverage Cans Market Scope
The industry is expected to witness high growth owing to the increasing consumption of alcoholic beverages such as beer and cider which are required to cool at a specific temperature for enhanced taste. A beverage can is a container, specifically designed to hold liquids such as carbonated drinks, fruits and vegetable juices, flavored drinks, beer, and ready-to-drink teas and coffees. These cans are made from steel, plastic, or aluminum. Aluminum is extensively used to manufacture beverage cans, as it is sustainable and can be recycled without compromising the strength or quality. Beverage cans have a large printable surface area, which is not generally possible with other packaging formats.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Crown Holdings, Inc (United States), Ball Corporation (United States), Silgan Holdings Inc. (United States), Ardagh Group (Luxembourg), CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), Toyo Seikan Group Holdings Ltd (Japan), CPMC Holdings Limited (China), Huber Packaging Group GmbH (Germany) and CCL Industries (United States) |
CAGR | % |
Aluminum Beverage Cans is a fragmented market due to the presence of various players. The many changes within the industry underscore the fact that there is an increasingly more competitive landscape. The players are focusing on planning strategic activities like partnerships, 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 Beverage Cans market throughout the predicted period.
Crown Holdings, Inc (United States), Ball Corporation (United States), Silgan Holdings Inc. (United States), Ardagh Group (Luxembourg), CAN-PACK S.A. (Poland), Kian Joo Group (Malaysia), Toyo Seikan Group Holdings Ltd (Japan), CPMC Holdings Limited (China), Huber Packaging Group GmbH (Germany) and CCL Industries (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Universal Can Corporation (Japan), Independent Can Company (United States), Mauser Packaging Solution LLC (Germany), Visy (Australia), Lageen Food Packaging (Israel) and Massilly Holding S.A.S (France).
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.
Segmentation Overview
The study have segmented the market of Global Aluminum Beverage Cans market by Type , by Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices, Tea and Others) and Region with country level break-up.
On the basis of geography, the market of Aluminum Beverage 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). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In August 2023, Crown Holdings, Inc. announced the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility in Saarlouis, Germany. The acquisition of the Saarlouis facility expand Crown's European beverage can platform to Germany with approximately one billion units of annual can capacity. At closing, and as part of the agreement, Crown will assume the existing Helvetia customer base and accompanying contracts.
In July 2022, (CMI) published a detailed aluminum beverage can recycling primer and roadmap that explains how the ambitious U.S. aluminum beverage can recycling rate targets that CMI members announced in November 2021 will be achieved. Those targets are reaching a 70 percent recycling rate by 2030, 80 percent by 2040 and 90 percent by 2050. This new report provides more details on what the can industry is doing in the near-term within its four pillars of action to make progress toward the targets and the potential total used beverage cans (UBC) that could be recycled through certain pillars.
Influencing Trend:
Convenience factors spurring innovations in can manufacturing and The increasing consumption of alcoholic beverages such as beer and cider which are required to cool at a specific temperature for enhanced taste
Market Growth Drivers:
Recyclable properties of metal cans and High nutritional value, extended shelf life, and lower prices of canned foods
Challenges:
High usage of plastic for packaging due to lower cost and Growth in the trend of biodegradable packaging
Restraints:
Saturated market leads to sluggish demand in developed regions
Opportunities:
Growing on-the-go snacking trends and portable nature of metal cans and Emerging economies offer high-growth potential
Key Target Audience
Aluminum Beverage Cans Manufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others