Aluminum Cans Market: Overview
Closed-loop recycling trends have opened a new avenue for the fast commercialization of aluminum cans in the packaging industry. Aluminum has emerged as the material-of-choice for food and merchandise canning in various parts of the world. The aluminum cans market has evolved on the back of the demand for sustainable and eco-friendly packaging for beverages. At the forefront of adoption has been in the packaging of craft beer. The use of aluminum in microbrew beer canning has a solid ecological precedent, offering impetus to the growth of the aluminum cans market.
The key characteristics of aluminum utilized in canning packaging is tamper resistance, low weight, and amazing strength to bear liquid pressure. Probably the most attractive feature that has kept the aluminum cans market brimming with prospects are that they are ‘recyclable’. Over the years, numerous markets for aluminum cans emerged, driven by spurt in demand for recyclable as well as functional packaging.
Key end-use industries in the aluminum cans market are personal care and cosmetics, pharmaceuticals, and paints and coatings.
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Aluminum Cans Market: Competitive Analysis and Key Developments
The changing functional requirement of packaging and the emerging regulatory ecosystems in developing countries have been fueling notable developments in the aluminum cans market. The study takes a closer look at these developments and strives to assess their influence in shaping the competitive contours of the market and strategic initiatives by top players.
For long, manufacturers of mineral water have been utilizing plastic packaging. However, with plastic waste management rules getting strict in numerous economies, a conscious shift toward aluminum supplanting plastics is opening expanding opportunities in the aluminum cans market. A recent example is such an initiative taken by Fabonest Food and Beverages in India. The company has launched its natural water beverage in aluminum cans, considering that they are remarkably recyclable. The focus on sustainability of the player in the aluminum cans market has given aluminum as the natural successor of plastics, boosting demand.