Feb 1, 2022   SOURCE: BusinessWire

North America Aluminum Cans Market Report 2022: Demand from the Food and Beverage Industry is Increasing - ResearchAndMarkets.com

The "North America Aluminum Cans Market" report has been added to ResearchAndMarkets.com's offering.

The North America Aluminum Foil market was valued at USD 14,906.73 million in 2020 which expected to reach USD 19,801.07 million by 2027 at a CAGR 4.07% from 2020-2027.

Aluminum cans are one of the most common types of packaging for both solid and liquid products. These cans are long-lasting, lightweight, recyclable, cost-effective, and easy to handle, while still keeping the contents' quality and flavor. Apart from that, aluminum cans are used in industries such as food, beverage, and medicines since they are corrosion resistant and require less care during shipping.

Market Drivers

Demand from the Food and Beverage Industry is increasing.

Increased consumption of processed foods and drinks, an improvement in product shelf life, and an increase in consumer disposable income are some of the key factors projected to drive aluminum can demand over the projection period. Concerns about the material's non-recyclability, the rate at which it is created, and the harm it causes to marine life have raised the global emphasis on reducing the amount of plastic packaging.

The effect it has on the climate by contaminating the ocean has fueled the expansion of the aluminum can sector.

Impact of COVID-19

The commercial impact of the COVID-19 outbreak is expected to be severe, as the global lockdown has halted the entire packaging supply chain.

As a result, the demand-supply system will be suboptimal, and corporate profitability will suffer. The market is expected to rebound in the long run, with businesses resuming normal operations and e-commerce trends on the rise.

Country Analysis

Based on Country, the market was studied across USA, Canada, and Mexico. USA is dominating country because of the can shortage difficulties caused by the epidemic, many participants in the market are adding new lines to existing operations and improving production.

Growing environmental concerns around the world have resulted in a greater understanding of the materials used in packaging. One of the issues driving recycling is the high energy consumption of package manufacturing.

Key Questions Addressed by the Report

  • What are the Key Opportunities in North America Aluminum Cans Market?
  • What will be the growth rate from 2020 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the competitive Landscape in the Industry?
  • What is the role of key players in the value chain?

Key Players

  • Crown Holdings Inc
  • Ball Corporation
  • Silgan Containers LLC
  • Mauser Packaging Solutions
  • Ardagh Group S.A.
  • DS Containers Inc
  • CCL Container Inc
  • Independent Can Company
  • Technocap Group
  • Can-Pack SA
  • Allstate Can Corporation
  • Envases Group

Market Taxonomy

Printing Type

  • Painted
  • Sleeve

Capacity

  • Up to 200 ml
  • 201-450 ml
  • 451-700 ml
  • 700-1000 ml
  • More than 1000 ml

Country

  • USA
  • Canada
  • Mexico

For more information about this report visit https://www.researchandmarkets.com/r/ubsteh.