The Aluminum Cans research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.
This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Aluminum Cans Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
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Impact of COVID-19 on Aluminum Cans Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
- Ball Corporation
- Ardagh Group S.A.
- Crown Holdings Inc.
- Silgan Holdings Inc.
- Toyo Seikan Group Holdings Ltd.
- CPMC HOLDINGS Limited (COFCO Group)
- Exal Corporation
- CAN-PACK S.A.
- Hindustan Tin Works Ltd
- Amcor plc.
Growth drivers and Market Value:
This report, from Stratview Research Aluminum Cans Market value and growth drivers over the trend period of 2020-25. According to the report –
Aluminum cans market is likely to witness a steady CAGR of 3.5% during the forecast period. Expanding canned food preference and increment in extra cash of the customers are the prime factors contributing to the demand for aluminum cans. Rising number of health-conscious consumers and increasing preference of aluminum cans from various industries owing to its distinct features, such as lightweight, being stackable, strong, resistance to transportation, hermetically sealed cover, irregular handling, and easy recyclability are also the major factors driving the market growth.
By Capacity Type
Based on the capacity type, the market is segmented as less than 200ml, 201-450ml, 451-700ml, 701-1000ml, and more than 1000ml. The 201-450ml segment held the largest share of the market in 2019. The dominance of the segment is mainly because of the beverage industry behemoths such as Coca-Cola and PepsiCo, preparing to roll out water packaged in aluminum. The 201-450 ml aluminum cans continue to witness high demand owing to their advantages such as lightweight, easy to transport and store. The rise of ‘on-the-go’ culture and growing popularity of ready-to-drink (RTD) beverages is also is contributing a healthy growth for the segment.
In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the growing concerns regarding the use and consumption of sustainable packaging materials. High consumption of processed and ready-to-eat (RTE) food products in the region is a key growth factor for the region’s market.
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Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Impact of COVID-19 on the Global Market
The Aluminum Cans report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market forecast analysis
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends & Key success factors
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