The global aluminium cans market is expected to witness growth at nearly 5% CAGR during the foreseeable future. Sales of the aluminum cans also referred as tin cans will cross US$ 76 Bn in next decade, attributing to increasing beverage consumption among millennials.
Increased demand for smaller pack sizes coupled with a preference for convenient packaging will boost the market. Furthermore, rising use of flavored alcoholic beverages, wine, soft drinks, and energy drinks is predicted to improve aluminium can sales.
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Consequently, growing consumption of beverages among millennials across the globe will also aid the growth in the market. Furthermore, brand-owners are treating aluminium cans as a promotional tool, which is expected to create growth opportunities for the market players.
Key players are also focusing on improving the shapes and sizes to woo the end-users. Unique shapes, finishes, and features will also improve the shelf visibility of these cans. Hence, adoption of aluminium cans to achieve product differentiation, and eye-catchy prints will result in increased sales.
Manufacturers are focusing on product offerings and developing self-chilling and self-heating cans in metal can packaging innovations, which in turn is expected to boost the demand for aluminium cans over the forecast period.
Aluminium Cans Market Landscape
are the top players operating in the target market. Furthermore,
are also noticeable players in the market. The Tier 1 players in the market hold 25-30% in the global market for aluminium cans.
“Aluminium cans manufacturers are likely to collaborate with leading food and beverage companies to develop and innovate convenience technology for aluminium cans in order to maximize profits. Key players are also focusing on innovation in coating materials, patterns, and unique shapes to meet the requirement for product distinctiveness, which is in turn creating remunerative opportunities for the growth of the market” says an FMI analyst.
Aluminium Cans Market by Category
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By End-use Industry:
Use of Aluminium Cans to Enhance Point-of-sale Appeal and Product Differentiation
Aluminium is a lustrous metal, which widens its applications for point-of-sale packaging solutions. Its unique physical attributes are enhancing the aesthetics of the packaging, and plays a key role in product differentiation.
Furthermore, shaped aluminium cans with distinct prints & decorations are used to increase shelf visibility of products. Increased shelf visibility are aiding the sales of end users, as most beverage purchase decisions are made on the spot.
Hence, premium brands are adopting aluminium cans with distinctive shapes and eye catchy graphics which can grab consumers’ attention to boost their sales. These factors are also anticipated to fuel demand for aluminium cans for packaging of deodorants, perfumes and other personal care products.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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