Global Aluminium Cans Market Size By Product (1 Piece Cans, 2 Piece Cans), By Capacity (Up to 200 ml, 201 To 450 ml), By End User (Food, Beverages), By Geographic Scope And Forecast

Aluminium Cans Market Size And Forecast

Aluminium Cans Market size was valued at USD 54 Billion in 2021 and is projected to reach USD 86 Billion by 2030, growing at a CAGR of 5.4% from 2023 to 2030.

Due to their capacity to be recycled, aluminium cans have become a popular approach in the recent trend towards sustainable packaging. In the beverage business, aluminium can usage has increased, especially in the markets for craft beer and energy drinks. Additionally, more vibrant and eye-catching graphics on aluminium cans are now possible thanks to developments in printing technology. The desire for “slim” or “tallboy” cans, which store less liquid but provide a more portable option, has also increased. Overall, lighter, more environmentally friendly, and aesthetically pleasing packaging is becoming increasingly popular when using aluminium cans.

Global Aluminium Cans Market Definition

An aluminium can is a cylinder-shaped storage container for food or beverages like soda or beer manufactured of metal. It is a popular option for packaging consumer products because it is portable, strong, and recyclable.

Global Aluminium Cans Market Overview

The market for aluminium cans has been steadily expanding in recent years as a result of numerous major trends, including the rising demand for beverages, the growing need for convenient packaging, sustainability, technological advancements, and a shift toward craft beverages. The fast-paced way of life of customers has increased demand for practical packaging options like aluminium cans.

The demand for beverages has grown, especially for beer and carbonated soft drinks, which has increased the need for aluminium cans as a packaging material. Due to their capacity to be recycled, aluminium cans are frequently regarded as a more environmentally friendly packaging solution than other alternatives like plastic bottles. Aluminium cans have improved in terms of overall performance and cost-effectiveness due to technological developments including the creation of lighter and more robust aluminium cans.

The cost of producing a product determines its price, and variations in the price of raw materials will affect product pricing, which will impede market expansion in the years to come. Manufacturers are continuously working to use cost-effective products to lower the price of the finished product since consumers prefer cheaper options to pricey ones.

There is a growing market for eco-friendly packaging products as customers become more aware of the environment, which gives aluminium cans an opportunity. As the demand for packaged products and drinks rises, emerging countries like those in Asia-Pacific and South America have the potential for growth. The aluminium can industry has the ability to become more efficient and less expensive as a result of technological advancements including the development of lighter and more robust aluminium cans.

Global Aluminium Cans MarketSegmentation Analysis

The Global Aluminium Cans Market is Segmented on the basis of Product, Capacity, End User, and Geography.

Aluminium Cans Market, By Product

• 1 Piece Cans
• 2 Piece Cans
• 3 Piece Cans

Based on Product, the market is segmented into 1 Piece Cans, 2 Piece Cans, and 3 Piece Cans. The 2-piece aluminium cans segment accounted for the largest market share in 2021. The most often used aluminium cans have been found to be 2-piece cans, followed by 3-piece cans. These cans are suitable for beverage applications since they are lightweight and simple to open. Additionally, the market for metal beverage packaging is anticipated to see the potential for expansion due to the growing trend of food and beverage consumption.

Aluminium Cans Market, By Capacity

• Up to 200 ml
• 201 to 450 ml
• 451 to 700 ml
• 701 to 1000 ml
• More than 1000 ml

Based on Capacity, the market is segmented into Up to 200 ml, 201 to 450 ml, 451 to 700 ml, 701 to 1000 ml, and More than 1000 ml. The 201-450 ml category is anticipated to have the largest market share in the upcoming years. Due to the fact that this is the most economical choice on the market, the market segment is anticipated to expand. Due to its rising use in the food business, the 1000 ml capacity category is likewise anticipated to rise strongly in the upcoming years.

Aluminium Cans Market, By End User

• Food
  1. Ready-to-eat
  2. Fruits & Vegetables
  3. Bakery & Confectionery
  4. Meat, Poultry, & Seafood
  5. Pet Food
  6. Others
• Beverages
  1. Alcoholic
  2. Non-alcoholic
• Pharmaceutical
• Paints and Lubricants
• Personal Care and Cosmetics

Based on End User, the market is segmented into Food, Beverages, Pharmaceutical, Paints and Lubricants, and Personal Care and Cosmetics. The market for beverages is dominant. The growth in the consumption of processed beverages and the lengthening of product shelf lives are the key factors contributing to the segment’s dominance. The beverage industry favours aluminium cans because they can keep the quality and flavour of the contents intact. The food industry is also anticipated to use aluminium cans more frequently. Aluminium cans operate as the finest barrier against all pollutants and extend the shelf life of the items. In the upcoming years, all of these variables will fuel market expansion.

Aluminium Cans Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Regional Analysis, the Global Aluminium Cans Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. In 2021, the North American region represented a sizable market share. The demand for aluminium cans is anticipated to rise along with the demand for packaged and processed meals in this country. Due to rising demand for packaged beverages like soft drinks, energy drinks, and beer, the use of aluminium cans has been expanding across the Asia Pacific region in recent years. Aluminium cans are now being used more frequently to package other consumer goods, such as food items, in addition to the beverage industry.

Aluminium cans are recyclable and provide a more environmentally friendly alternative to other types of packaging, which has increased their appeal in the Asia Pacific area along with the growing trend towards sustainable packaging. Overall, the Asia Pacific region is a significant market for the aluminium can sector, with a high demand for premium, cutting-edge, and environmentally friendly packaging options.

Key Players

The “Global Aluminium Cans Market” study report will offer insightful information. The major players in the market are Ball Corporation, Crown Holdings Inc., Silgan Containers LLC, Ardagh Group S.A., CCL Industries Inc., Toyo Seikan Co., Ltd., CPMC Holdings Inc., Nampak Ltd., Can Pack Group, BWAY Corporation, Hokkan Holdings, and Showa Aluminum Can Corporation. The competitive landscape section also includes information about the above competitors’ key development strategies, market share analyses, and market positioning analyses on a global scale.

Key Developments

• In January 2022, aluminium cans and bottles composed primarily of recycled PET plastic are now available for the “Evian Sparkling” beverage from the French water firm Evian. By 2025, the company promised to make the switch to more environmentally friendly packaging and become a circular brand.
• In May 2021, the beverage business VOLNAA introduced aluminium water cans allowing people to carry bottled drinking water with them wherever they went. With the revolution, a company is making 100% recyclable cans in an effort to combat the danger of plastic pollution.
• In 2019, PepsiCo announced that aluminium cans would replace plastic bottles as a better option for Aquafina in the United States.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Aluminium Cans Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behaviour of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Aluminium Cans Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Prov