According to the latest report by IMARC Group, titled "Aluminium Cans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global aluminium cans market size reached US$ 958.9 Billion in 2019. Aluminium cans refer to the single-use containers that are widely used for packaging beer, soda, soup, chemicals, cheese and baked beans. The insides of these lightweight cans are commonly lined using spray coatings comprising epoxy lacquer or polymer. This lining protects the cans from corroding by acidic ingredients and imparting metallic flavor to the contents. As a result, they offer long-term food quality and flavor preservation, which significantly improves the shelf life of the packaged product. They also provide excellent protection against oxygen, moisture and other contaminants, including oils, fats, microorganisms, and ultraviolet (UV) rays and offer exceptional malleability and durability. Additionally, they are recyclable in nature, extremely affordable and require little to no care during handling and distribution.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Aluminium Cans Market Trends:
The market is primarily driven by the shifting preference of the masses toward packaged food and beverages. This is supported by rapid urbanization, shifting dietary preferences, inflating per capita income levels and the busy schedules led by working professionals. Moreover, the increasing sales of alcoholic and non-alcoholic beverages, such as energy and sports drinks, are expected to facilitate the uptake of aluminium cans across the globe. The market is further driven by the growing applications of the cans in the pharmaceuticals sector. The growing preference for pain-relieving sprays and over-the-counter (OTC) products, coupled with the distinctive features and benefits offered by these cans, is expected to provide a thrust to the market growth. Furthermore, the increasing environmental concerns among individuals have led the manufacturers to substitute plastic containers with sustainable counterparts, such as aluminium cans. Along with this, the implementation of favorable government policies that encourage the use of recyclable packaging is expected to create a positive outlook for the market. Several manufacturers are engaging in the development of better-quality packaging, which is acting as a major growth-inducing factor. For instance, they are now introducing cans without the bisphenol A (BPA) liners since their usage is associated with endocrine disorders. The chemical coating is replaced with a new epoxy called valPure V70 that offers similar barrier properties to BPA. On account of the aforementioned factors, the market is projected to witness moderate growth during the forecast period (2020-2025).
- On the basis of the application, the market has been divided into beverages, food and others. Among these, beverages account for the majority of the total market share.
- On the geographical front, the market has been segregated into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. At present, North America holds the leading position in the market.
- The competitive landscape of the market has been examined in the report with the detailed profiles of the key players. Some of these players include Rexam PLC, Ball Corporation, Crown Holdings, Inc., Amcor Group GmbH and CPMC Holdings Limited.
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