Global Aluminium Food Cans Market By Thickness (Less than 50mm, 50-100mm, More than 100mm), Application (Fruits & Vegetables, Convenience Food, Pet Food, Meat & Seafood, Others), Structure Type (2 Piece Cans, 3 Piece Cans), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Aluminium Food Cans Market
Global aluminium food cans market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the high adoption rate for sustainable packaging solutions from the food & beverages industry.
Market Definition: Global Aluminium Food Cans Market
Aluminum food cans are packaging products manufactured from aluminum sheets. These cans promote high quality of hygiene and product quality while enhancing the shelf-life of contents of the package significantly. Due to their nontoxic nature and easy handling features they are completely recyclable while offering high levels of protection against a number of environmental factors.
- Increasing consumption for convenience food & beverages is expected to drive the growth of the market
- Increasing concerns from the consumers regarding the environment resulting in increased demands for sustainable packaging products; this is another factor boosting the market growth
- Various benefits associated with these products due to their cost-effectiveness and recyclable nature will propel the growth of the market in the forecast period
- Presence of various substitute methods of packaging is expected to hinder the growth of the market
- Large levels of costs associated with the development and recycling of these cans is expected to restrict the market growth
Segmentation: Global Aluminium Food Cans Market
- Less than 50mm
- More than 100mm
- Fruits & Vegetables
- Convenience Food
- Pet Food
- Meat & Seafood
By Structure Type
- 2 Piece Cans
- 3 Piece Cans
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Developments in the Market:
- In June 2018, BALL CORPORATION announced that they had entered into a joint venture with Platinum Equity with the deal also resulting in the formulation of “Ball Metalpack” which will deal in the production of steel containers for food, pet food, nutritional, aerosol, household consumables and other products throughout United States. BALL CORPORATION will hold a forty-nine percent share in the venture while the rest would be owned by Platinum Equity
- In March 2017, Tecnocap S.p.A. announced that they had acquired Tubettificio Europeo based in Lecco, Italy. The company will be renamed Tecnocap TL helping Tecnocap S.p.A. strengthen their position for metal packaging. This acquisition will help Tecnocap to compete in the global market while their strategy of re-initiating three production lines would be carried out in 2017 with addition of 5 more to be carried out by 2020
Global aluminium food cans market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aluminium food cans market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global aluminium food cans market are BALL CORPORATION; Tecnocap S.p.A.; CPMC Holdings Limited; Amcor plc, Shengxing Group; Toyo Seikan Co., Ltd.; Crown; Exal Corporation; Silgan Containers; Great China Metal Ind. Co., Ltd., ORG Technology Co., Ltd.; among others.
Research Methodology: Global Aluminium Food Cans Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete market analysis and forecasting
- Market definition, understanding the concept of aluminium food cans
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis