Aluminium cans are light in weight, innocuous in nature, can be easily reprocessed and require less care during their handling and distribution as compared to glass containers. They exhibit high strength and act as exceptional barriers to air, light, moisture and other contaminants.
A recently published report by IMARC Group titled “Aluminium Cans Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” provides a detailed insight into the global aluminium cans market. Aluminium cans are considered as one of the most popular containers for packaging food and beverages. With an unparalleled safety record, they are proficient in preserving the quality and flavour of the contents. These cans are light in weight, innocuous in nature, can be easily reprocessed and require less care during their handling and distribution as compared to glass containers. They exhibit high strength and act as exceptional barriers to air, light, moisture and other contaminants. Owing to all these distinctive features, aluminium cans have found applications across various industries such as food, beverages, pharmaceuticals, chemicals, oils, etc.
The report cites several factors that are currently boosting the growth of the global aluminium cans market. Increasing population, rising disposable incomes of consumers, changing lifestyles and increasing demand in the food and beverage industry, particularly in developing markets are some of the factors that are stimulating the growth of the global market for aluminium cans. Further, technological developments have resulted in the manufacturing of easy-open lids and sophisticated graphical designs on the cans which in turn, are broadening the growth aspects of the global market for aluminium cans. Nonetheless, manufacturers are also undertaking initiatives to produce eco-friendly cans by improving their recycling rate. According to the report, this market has grown at a CAGR of around 3% during 2008-2015. Estimates by IMARC Group suggest that the market is expected to grow at a CAGR of 2.4% during 2016-2021, reaching volumes worth 314 Billion cans by 2021.
The report provides a detailed segmentation of the global aluminium cans market by applications and major regions. The beverage sector currently accounts for the majority of the global aluminium cans consumption followed by the food sector. Geographically, North America represents the biggest consumer of aluminium cans accounting for more than one-third of the total global consumption. North America is followed by Western Europe and Asia-Pacific. The report has also analysed some of the major players operating in the global aluminium cans market. Rexam represents the biggest player accounting for more than one-fifth of the total global aluminium cans market. Rexam is followed by Crown and Ball.
This report provides a comprehensive analysis for setting up an aluminium cans manufacturing plant. The study covers all the requisite aspects of the aluminium cans industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the aluminium cans industry in any manner.
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About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the aluminium cans industry, which has enabled the clients to successfully setup and expand their businesses. Some of the company’s offerings include: