Deerfield Beach, FL -- (SBWIRE) -- 11/07/2017 -- Global Aluminum Cans Market: Overview
An aluminum can is a packaging container that is used to pack several types of products which include oil, food and beverages, chemicals, and many other products. Aluminum cans are safe for usage and the products that are packed within it do not lose their quality, hence is widely preferred in the packaging industry. Aluminum cans do not require much care while handling and in the distribution process. They can be recycled and reprocessed easily and are also non-toxic by nature. Additional benefits of the aluminum cans are they are cost-effective, lightweight, and have high reflectivity to heat and light.
Global Aluminum Cans Market: Competitive Players
The key market players that are involved in the aluminum cans market include Ball Corporation, ORG Packaging, Shengxing Group, Toyo Seikan Co., Ltd., Crown, Rexam, Amcor, CPMC, Great China Metal Industry Company Ltd., Ball, and EXAL.
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Global Aluminum Cans Market: Segmentation
The market for aluminum cans is globally fragmented into application and structure. On the basis of application, the global market is segregated into chemicals, beverage, food, pharmaceuticals, and others. The foods segment is further sub-segmented into meat & seafood, convenience food, fruits & vegetables, pet food, and other food products. The beverages segment is sub-divided into carbonated soft drinks, alcoholic beverages, sports & energy drinks, and others. On the basis of structure, the market is categorized into 3 piece cans and 2 piece cans.
Global Aluminum Cans Market: Growth Factors
The market for the aluminum cans will be developing in the coming years. The major factor that is being favorable for the growth of the aluminum cans market is the significant development of the beverage industry. The other factors that will fuel the market growth are the increasing disposable income and the increasing inclination towards the canned food products. The fact that this metal has high recovery rate and can be easily recycled propels the growth of the market as there is a high rate of awareness among the consumers about the protection of the environment. There are various sectors where the aluminum cans are used and the increasing demand for deodorants and hairsprays in the personal care sector and in the pharmaceuticals augment the aluminum cans market to grow significantly. The availability of the substitutes for the packaging such as glass containers and PET bottles is a factor that is negatively affecting the aluminum cans market.
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Global Aluminum Cans Market: Regional Analysis
Regional diversification of the aluminum cans market is given as follows the Middle East & Africa, Eastern Europe, Asia Pacific, Latin America, Western Europe, and North America. The region that is dominating the aluminum cans market is the North America. This dominance will be continued in the coming years too. The factor that attributes to this dominance is that more than half the consumption of the aluminum cans exist in this region. The regions that are following North America are Western Europe and Asia Pacific. These regions are also contributing a significant share in the global aluminum cans market and will evolve in the coming years.
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