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Global Aluminum Beverage Cans Market by Product, Pressure, End-user, and Region — Forecast till 2025

Global Aluminum Beverage Cans Market by Product, Pressure, End-user, and Region — Forecast till 2025

  • September 2019
  • 130 pages
  • ID: 6001389
  • Format: PDF
  • Straits Research

Summary

Table of Contents

The Global Aluminum Beverage Cans Market is poised to grow at a robust CAGR of around 6% between the forecast period of 2020 and 2025.

The Global Aluminum Beverage Cans Market is projected to reach USD 32,485.06 million by the end of 2025 by growing at a CAGR of around 4.5% during the forecast period of 2020 to 2025. Aluminum beverage can is counted as a beverage container having one of the highest recycling rates. These cans generally have a recycling rate of around 60% - 65%. However, these recycling rates might differ on the waste collection capacities in the region. There is an increasing demand for specialty cans, in both developed and emerging markets owing to the increasing awareness about recycling among the manufacturers, policymakers, and the consumers. This has led to several initiatives in the lines of the ‘Can Collection Programs’ which has led to an increase in the recycling rates in this product.

The two-piece can segment dominated market share in 2019

On the basis of product type, the market has been segmented into two-piece cans and three-piece cans. It is anticipated that the two-piece cans segment will have a dominant market share and will continue to grow at a significantly higher rate than its counterpart. The demand for three-piece cans has been steadily declining as end-user industries are now looking towards adopting lightweight cans in a bid to cut down costs. The difference between these types of cans is the way they are manufactured.

The carbonated soft drink segment is anticipated to witness the highest CAGR during the forecast period

Based on industry, the market is segmented into carbonated soft drinks, alcoholic beverages, fruit and vegetable juices, and tea and coffee. Among them, the carbonated soft drinks held the largest market share and is expected to register the highest CAGR during the forecast period. Buyers prefer carbonated soft drinks due to the cooling sensation the drinks offer, along with the pleasant tingling and acidic bite. The popularity of these drinks is especially high among generation X and generation Y. Carbonated soft drinks have further tasted great success owing to the rise of sports marketing and sponsoring various international and domestic tournaments. In addition to this, the rise of the social dining scene has spurred the demand for carbonated soft drinks.

Competitive Landscape

The key players profiled in the Global Aluminum Beverage Cans Market are Ball Corporation, Ardagh Group S.A, Crown Holdings, Inc., CAN-PACK S.A., Novelis, CPMC Holdings Limited (COFCO), Orora Packaging Australia Pty Ltd., Showa Aluminium Can Corporation, Metal Container Corporation, and ShengXing Group Co., Ltd., among others.

Target Audience

Aluminum Beverage Cans Manufacturers

Suppliers and traders of Aluminum Beverage Cans and related products

Government, associations, and industrial associations

Investors and trade experts

Experts in Consulting

Key Question answered in the report

1. Quantitative breakdown of major regions (Americas, Europe, Asia-Pacific & Middle East & Africa)

2. In-depth analysis of major players operating in the market & perspective from the top market players

3. Deep dive analysis of the key market dynamics, market factors and demand in the market

4. Key trend and opportunities in the market

5. Major Player market share analysis (2019)

6. Major development and strategies adopted by key players in the market

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