NEW YORK, March 15, 2022 /PRNewswire/ -- The Aluminum Cans Market size is set to grow by USD 8.85 billion from 2021 to 2026, according to Technavio. This report offers in-depth market insights that assist global businesses in obtaining growth opportunities.
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The report also covers the following areas:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
The high recycling rate, lightweight, and greater shelf life of food products will offer immense growth opportunities. However, factors such as the availability of substitutes may threaten the growth of the market.
Aluminum Cans Market 2022-2026: Segmentation
By end-user, the aluminum cans market has been segmented into beverages, food, pharmaceuticals, chemical, and others. The beverages segment will have significant market share growth during the forecast period. Aluminum is used for packing beverages, as it offers product support, tamper resistance, and protection from the external environment to beverages. Moreover, the launch of new beverages in aluminum cans is driving the growth of the segment.
By geography, the aluminum cans market has been segmented into North America, Europe, APAC, South America, and MEA. North America is expected to account for 31% of the market's growth during the forecast period.
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Aluminum Cans Market 2022-2026: Vendor Analysis and Scope
To help businesses improve their market position, the aluminum cans market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Amcor Plc, Ardagh Group SA, Ball Corp., BangkokCan Manufacturing Co. Ltd., CAN PACK SA, COFCO Corp., Crown Holdings Inc., Nampak Ltd., Norsk Hydro ASA, and Orora Ltd. The key offerings of some of these vendors are mentioned below:
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Aluminum Cans Market 2022-2026: Key Highlights
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Aluminum Cans Market Scope |
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Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.84% |
Market growth 2022-2026 |
USD 8.85 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.70 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 31% |
Key consumer countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Amcor Plc, Ardagh Group SA, Ball Corp., BangkokCan Manufacturing Co. Ltd., CANPACK SA, COFCO Corp., Crown Holdings Inc., Nampak Ltd., Norsk Hydro ASA, and Orora Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
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