Product ID: SQMIG15G2028
Global Aluminum Cans Market Size, Share, Growth Analysis, By Application(Food & Beverage, Pharmaceuticals), By Capacity Type(Less than 200ml, 201-450ml) - Industry Forecast 2024-2031
Report ID:
SQMIG15G2028 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
Global Aluminum Cans Market Dynamics
Aluminum Cans Market Driver
- Growing awareness of ready-to-drink beverages
The ready-to-drink beverage industry has grown significantly in recent years due to factors such as the busy lifestyles of people, increasing urbanization, and access to new products. Aluminum cans are preferred for storage by beverage manufacturers because they allow for greater packing efficiency, lower shipping costs, and significant brand engagement benefits. Also, depending on the type of beverage, beverage manufacturers are likely to apply different coatings to metal cans to increase the shelf life of the product, which is expected to boost the aluminum can market during the forecast period.
- Various advantages of aluminum cans
Aluminum cans production capacity is scalable, allowing manufacturers to alter their production capacities in response to variations in product demand from their end users, thereby increasing aluminum production. Aluminum cans have many advantages, including their ease of recycling, light weight, ability to extend the shelf life of food products, and adaptability to a wide range of applications. Aluminum cans are the most popular choice among food manufacturers because they have little or no carbon footprint. As a result, demand for the product in the end-user industry is very strong, which is expected to increase the global aluminum can market.
Aluminum Cans Market Restraint
- Easy availability of alternative options
Aluminum cans market growth is expected to drive by the easy availability of low-cost aluminum cans, such as plastic, glass, and paper, as well as a significant increase in demand from end-user industries. Also, fluctuations in the cost of raw materials used to manufacture aluminum cans have a direct impact on the cost of the product. As a result, end users are looking for less expensive options that will help them reduce the cost of their end product.
Global Aluminum Cans Market Report Snapshots
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