The Aluminium Food Cans Report has extensive and comprehensive market insight based on business intelligence. Competitive analysis is the main aspect of any market research report. By understanding this, there are many points to be covered, including a strategic overview of key market participants, an analysis of its core competencies, and a competitive landscape for the market. The report provides a strong market analysis of current conditions and future prospects by considering multiple industry aspects. To succeed in this highly competitive market, the Aluminium Food Cans Market Research Report plays a very important role by providing important and relevant market insights for your business.
Global aluminium food cans market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the high adoption rate for sustainable packaging solutions from the food & beverages industry.
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Market Definition: Global Aluminium Food Cans Market
Aluminum food cans are packaging products manufactured from aluminum sheets. These cans promote high quality of hygiene and product quality while enhancing the shelf-life of contents of the package significantly. Due to their nontoxic nature and easy handling features they are completely recyclable while offering high levels of protection against a number of environmental factors.
Key Segmentation: Global Aluminium Food Cans Market
By Thickness (Less than 50mm, 50-100mm, More than 100mm),
Application (Fruits & Vegetables, Convenience Food, Pet Food, Meat & Seafood, Others),
Structure Type (2 Piece Cans, 3 Piece Cans),
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Leading major competitors currently working in the global aluminium food cans market: BALL CORPORATION; Tecnocap S.p.A.; CPMC Holdings Limited; Amcor plc, Shengxing Group; Toyo Seikan Co., Ltd.; Crown; Exal Corporation; Silgan Containers; Great China Metal Ind. Co., Ltd., ORG Technology Co., Ltd.; among others.
Increasing consumption for convenience food & beverages is expected to drive the growth of the market
Increasing concerns from the consumers regarding the environment resulting in increased demands for sustainable packaging products; this is another factor boosting the market growth
Various benefits associated with these products due to their cost-effectiveness and recyclable nature will propel the growth of the market in the forecast period
Presence of various substitute methods of packaging is expected to hinder the growth of the market
Large levels of costs associated with the development and recycling of these cans is expected to restrict the market growth
Key Developments in the Market:
In June 2018, BALL CORPORATION announced that they had entered into a joint venture with Platinum Equity with the deal also resulting in the formulation of “Ball Metalpack” which will deal in the production of steel containers for food, pet food, nutritional, aerosol, household consumables and other products throughout United States. BALL CORPORATION will hold a forty-nine percent share in the venture while the rest would be owned by Platinum Equity
In March 2017, Tecnocap S.p.A. announced that they had acquired Tubettificio Europeo based in Lecco, Italy. The company will be renamed Tecnocap TL helping Tecnocap S.p.A. strengthen their position for metal packaging. This acquisition will help Tecnocap to compete in the global market while their strategy of re-initiating three production lines would be carried out in 2017 with addition of 5 more to be carried out by 2020
How this report will help companies to plan their investments and make strategies in the Aluminium Food Cans market?
The Aluminium Food Cans market research report classifies the competitive spectrum of this industry in elaborate detail.
The report also mentions regional or country level analysis, market shares for new entrants, critical success factors product sales figures, production value, currency and pricing, gross margins, current & future trends to elucidate imminent investment pockets etc.
This Aluminium Food Cans market research report serves the businesses with making enhanced decisions, deal with marketing of goods or services, and accomplish better profitability by prioritizing market goals.
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