The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Aluminum Cans market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Aluminum Cans
The report offers actionable and valuable market insights of Aluminum Cans. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Aluminum Cans Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Aluminum Cans, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Aluminum Cans Market.
Fact.MR, a leading research firm, opines that the overall sales of beverage cans was pegged at more than US$ 45 Bn in 2018 and the global beverage cans market is likely to grow at a decent pace during the forecast period owing to growing demand for metal packaging across the developed as well as developing economies. In addition, the growing beverage industry along with changing consumer preferences are among the key trends anticipated to amplify the overall sales of beverage cans over the forecast period.
Market Snapshot
Newly released data by Fact.MR on the beverage cans market reveals that sales were valued at above US$ 45 Bn in 2020. The forecast estimates that beverage cans revenues will expand 1.5x until 2031, reaching US$ 70 Bn. Increasing need for recycled, lightweight and easy to carry beverage cans along with emphasis on sustainability are some factors expected to drive market expansion at a CAGR of nearly 5% through 2031.
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Key Segments Covered
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Structure
- Two Piece Beverage Cans
- Three Piece Beverage Cans
-
Material
- Steel Beverage Cans
- Aluminium Beverage Cans
- Other (Glass and Plastic) Beverage Cans
-
Capacity
- Beverage Cans less than 12 Ounces
- Beverage Cans between 12-24 Ounces
- Beverage Cans more than 24 Ounces
-
Application
- Alcoholic Beverage Cans
- Carbonated Soft Drink Beverage Cans
- Sports & Energy Drinks Beverage Cans
- Other Beverage Cans
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Competitive Landscape
The major players in the market focus on expanding their customer base.
- XOLUTION, Munich offers new lockable locks for beverage cans. This system meets the shelf-life requirements of the beverage industry. When ensuring the freshness of the product, brands, retailers, and consumers understand that the beverage cans are in their original, unaltered delivery conditions and have not previously been opened.
- Likewise, CrownSmart announced a new packaging innovation. Using the AR codes incorporated into the package, brand owners from North America to Europe can create customized smart packaging that delivers a vast range of content and experiences.
Key Takeaways from the Market Study
- By material, aluminum beverage cans to account for 70% of global demand through 2031
- 2 piece beverage cans to sell like hot cakes, accounting for over 3 out of 5 sales
- Carbonated soft drinks to be most widely marketed beverages, accounting for 2/5th of overall demand
- U.S to emerge as a promising market, expected to grow at a CAGR of 5% until 2031
- Asia to represent substantial growth prospects, yielding 60% of total demand, primarily spurred by India and China
“Growing demand for aluminum cans as an alternative for plastic contains and recyclable, sustainable cans for the beverage industry is growing demand for aluminum cans in the industry,” says a Fact.MR analyst.
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More Valuable Insights on Aluminum Cans Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Aluminum Cans, Sales and Demand of Aluminum Cans, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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