Aluminum Cans Market Size, Share Global Analysis Report, 2019 – 2026

Industry Insights

According to the report published by Facts Factors, the global aluminum cans market size was worth around USD 41,000 million in 2019 and is predicted to grow to around USD 50,000 million by 2026 with a compound annual growth rate (CAGR) of roughly 3% between 2020 and 2026. The report analyzes the global aluminum cans market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the aluminum cans market.

The report encompasses the forecast as well as an analysis of the aluminum cans market on the global and regional levels. The study displays historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million) and volume (K Units). Additionally, the report also demonstrates the market drivers, restraints, opportunities, and challenges.

The report provides an in-depth analysis of key business strategies and the competitive landscape of the aluminum cans market. Key prospects of investment coupled with the economic and business focus of the market are also included.

Key Insights from Primary Research

• According to the primary respondents, the global aluminum cans market is set to grow annually at a rate of around 3%
• The market was valued at around USD 41,000 million, in 2019 and is projected to reach around USD 50,000 million, in 2026.
• In 2019, the “2 piece cans” category dominated the structure type segment of the market.
• Based on the application segmentation, the “food & beverage” category is the global aluminum cans market.
• North America accounted for the largest market share of the global aluminum cans market, in 2019.

Key Recommendations from Analysts

• As per our analysts, the global aluminum cans market is expected to grow significantly in the future timeframe. The growing demand for aluminum cans in the food & beverage industryis anticipated to boost market growth.
• The rising demand for alcoholic and non-alcoholic beverage packaging such as beer, carbonated drinks, cider, etc. is expected to drive the demand for global aluminum cans market.
• The Asia Pacific is the potential region for the global aluminum cans market. The surging automotive industry in emerging countries such as China, Japan, and India, is increasing the consumption of aluminum cans.
• Growing at a CAGR of around 3%, the global aluminum cans market provides several opportunities for all of the involved stakeholders across the entire value chain.
• According to our analysts, the “food & beverage” category is the major contributor to the global aluminum cans market.
• The key market players are focusing on regional expansion and strategic alliances for enhancing their market share in the industry.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers a comprehensive analysis of the market share of each industry player and gives an outline of the market position of key players in the aluminum cans market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the aluminum cans market.

Report Scope

The study provides a decisive view of the aluminum cans market by segmenting the aluminum cans market based on type, chemistry, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The aluminum cans market is segmented based on Type and Application.  Based on type, the market is classified into 2-piece cans and 3-piece cans. In terms of application, the market segment is divided into chemicals, food & beverage, pharmaceuticals, personal care & cosmetics, and others.

The growing adoption of aluminum cans in the food & beverage industry is a key factor driving the global aluminum cans market. Moreover, the consumption of aluminum cans is increasing rapidly in industries like beverages, chemicals, and personal care & cosmetics among others. Additionally, it has been observed that aluminum cans are widely used in beverages such as soft drinks, alcoholic, and carbonated drinks. Around 500 craft beer brewers use an aluminum can for more than 1,700 different beers.

The key players operating in the global aluminum cans market are as follows:

• Ball Corporation
• ORG Packaging
• EXAL
• Linhardt
• Shengxing Group
• Toyo Seikan
• Amcor
• DS container
• Crown
• Great China Metal Industry Company
• Alltub Group
• TUBEX GmbH
• Rexam
• CPMC

This report segments the aluminum cans market as follows:

Global Aluminum Cans Market: By Structure Type Segment Analysis

• 2 Piece Cans
• 3 Piece Cans

Global Aluminum Cans Market: By Application Segment Analysis

• Chemicals
• Food & Beverage
• Pharmaceuticals
• Personal Care & Cosmetics
• Others

Global Aluminum Cans Market: By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa