What is 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.
The Aluminum Beverage Cans market study is being classified by Type (Three-Piece Cans and Two-Piece Cans), by Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices, Tea and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Vendors from United States 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 profiled in the study. 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).
Analyst at AMA have segmented the market study of Global Aluminum Beverage Cans market by Type, Application and Region.
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 2019. 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 Influencers and their development strategies
In August 2019, Ball Corporation signed an agreement to sell its tinplate steel aerosol packaging facilities to Envases del Plata (Argentina), an Argentinian metal packaging company. This agreement will help the company to expand its reach in the South American region.
Influencing Market Trend
- Convenience factors spurring innovations in can manufacturing
- The increasing consumption of alcoholic beverages such as beer and cider which are required to cool at a specific temperature for enhanced taste
- Recyclable properties of metal cans
- High nutritional value, extended shelf life, and lower prices of canned foods
- Growing on-the-go snacking trends and portable nature of metal cans
- Emerging economies offer high-growth potential
- Saturated market leads to sluggish demand in developed regions
- High usage of plastic for packaging due to lower cost
- Growth in the trend of biodegradable packaging
Key Target AudienceAluminum Beverage Cans Manufacturer, Suppliers, Distributors, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
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