Aluminum Containers Market: Overview

Aluminum is the most widely used nonferrous metal which is majorly used in the packaging material. Aluminum containers are manufactured from heavy-duty aluminum because of its robust nature and ability to carry heavy food items. Aluminum containers are lightweight and cost-effective, therefore they find wide acceptance in various end-use industries which include food service, bakery & confectionery, food packers/ processors and among others. Growth inclination of the customer towards the aluminum containers is the key factor driving the growth of the global aluminum containers market Aluminum containers can be used in all types of the oven which include microwave, conventional, convection, and broiler. Overall the global outlook of aluminum containers is expected to remain positive during the forecast period.

Aluminum Containers Market: Dynamics

There has been a dynamic shift in the consumer consumption pattern in the food & beverage sector. Consumer inclination towards ready to eat food is increasing owing to changing lifestyles and growing disposable incomes, especially in the emerging economies across the globe has witnessed an increase in the sales of the global aluminum containers market. Foodservice operators & online food service outlets offers various services such as ‘takeaway’ and ‘drive through’ to cater the growing number of on the go consumers has resulted in the increase in the sales of the aluminum containers. 

Increase in usage of aluminum containers for packaging in food service industry, in turn, is expected to drive the demand for aluminum containers market during the forecast period. One of the key factors that increase the preference towards the aluminum containers for packaging is extended shelf life of products. Aluminum containers score very high in barrier properties. This factor is expected to fuel the growth of the global aluminum containers market. Despite the positive factors, there are certain factors which hinder the growth of the global aluminum containers market. Strict government regulation regarding the recyclability of aluminum may hinder the growth of the global aluminum containers market. Aluminum containers can react with the food, by leaching process which is considered as unsafe. Increasing awareness among the consumers related to health issues associated with the aluminum containers might hamper the growth of the global aluminum containers market. 

Aluminum Containers Market: Segmentation

The global aluminum containers market has been segmented as follows -

On the basis of capacity, the market has been segmented as:

  • Up to 50 ml
  • 50 ml – 200 ml
  • 200 ml – 400 ml
  • 400 ml and above

On the basis of product type, the market has been segmented as:

  • Compartmental
  • Non- Compartmental

On the basis of end use, the market has been segmented as:

  • Food Services
  • Bakery & Confectionery
  • Food Packers/ Processors
  • Retail & Supermarkets
  • Others (Medical, Electronics, etc.)

Aluminum Containers Market: Regional Outlook

On the basis of region aluminum containers market is segmented as North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia Pacific Excluding Japan), Middle East & Africa (MEA) & Japan.  Compared to other regions, APEJ region is expected to dominate the global aluminum containers market over the forecast period. Growing inclination towards convenience packaging solutions in food & beverage packaging is expected to drive the global aluminum containers market.  North America and Europe region is expected to enhance the sales of the aluminum containers during the forecast period.  Latin America and Middle East & Africa (MEA) aluminum containers market is expected to witness inclusive growth owing to rising urbanization coupled with growing disposable income which is anticipated to contribute towards the growing demand of the market, during the forecast period. Overall the global aluminum containers is expected to register healthy growth, during the forecast period.  

Aluminum Containers Market: Key Players

Few of the leading players operating in the global aluminum containers market are –

  • Novelis Inc.
  • Pactiv LLC
  • Trinidad Benham Corporation
  • Velcro Group
  • TetraPak
  • Comital Group
  • Carcano Antonio S.p.A

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
  • Europe
  • 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.

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Aluminum Containers Market

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