Aluminum Cans Market: Overview
Closed-loop recycling trends have opened a new avenue for the fast commercialization of aluminum cans in the packaging industry. Aluminum has emerged as the material-of-choice for food and merchandise canning in various parts of the world. The aluminum cans market has evolved on the back of the demand for sustainable and eco-friendly packaging for beverages. At the forefront of adoption has been in the packaging of craft beer. The use of aluminum in microbrew beer canning has a solid ecological precedent, offering impetus to the growth of the aluminum cans market.
The key characteristics of aluminum utilized in canning packaging is tamper resistance, low weight, and amazing strength to bear liquid pressure. Probably the most attractive feature that has kept the aluminum cans market brimming with prospects are that they are ‘recyclable’. Over the years, numerous markets for aluminum cans emerged, driven by spurt in demand for recyclable as well as functional packaging.
Key end-use industries in the aluminum cans market are personal care and cosmetics, pharmaceuticals, and paints and coatings.
Are you a start-up willing to make it big in business? Grab an exclusive PDF Brochure for this report!
Aluminum Cans Market: Competitive Analysis and Key Developments
The changing functional requirement of packaging and the emerging regulatory ecosystems in developing countries have been fueling notable developments in the aluminum cans market. The study takes a closer look at these developments and strives to assess their influence in shaping the competitive contours of the market and strategic initiatives by top players.
For long, manufacturers of mineral water have been utilizing plastic packaging. However, with plastic waste management rules getting strict in numerous economies, a conscious shift toward aluminum supplanting plastics is opening expanding opportunities in the aluminum cans market. A recent example is such an initiative taken by Fabonest Food and Beverages in India. The company has launched its natural water beverage in aluminum cans, considering that they are remarkably recyclable. The focus on sustainability of the player in the aluminum cans market has given aluminum as the natural successor of plastics, boosting demand.
To gauge the scope of customization in our reports, Ask for a Sample
Aluminum Cans Market: Key Trends
The worldwide drive for reducing the burgeoning plastics pollution is a key factor imparting large push to the adoption of aluminum in packaging. Regulatory push in various developing and developed economies around the world has spurred the uptake of aluminum cans in end-use industries, boosting the growth of the aluminum cans market. Two of the key aspects that propel groundswell of attention among food and beverages brands are the characteristics of aluminum to keep the products fresh, and their light weightiness. Over the years, brands in developing economies have come to realize the markedly attractive sustainable quotient of aluminum, thereby imparting a big momentum to the aluminum cans market.
Over the years, producers of myriad products have harnessed the potential of aluminum for packaging, because of which the demand in the aluminum cans market heated up. More notably, the demand has gained impetus from the use of the material for paints and coatings industry. In addition, the growth of the market has gained substantially from the use of recycled materials from aluminum cans in transportation and construction industry.
Aluminum Cans Market: Regional Analysis
Of the various regions, North America and Europe have been lucrative markets. The concept of closed loop recycling in packaging has offered large steam to the expansion of demand in these markets. Moreover, numerous governments in these regions have been geared toward reducing the carbon footprint of packaging and hence looking for more sustainable options. This underpinned a big appetite for uptake of products in these regions for the growth of the aluminum cans market. On the other hand, Asia Pacific is emerging fast as an increasingly promising market, spurred by the growing focus of food and beverages brands to adopt ecologically and economically friendly packaging.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.