The new report by Expert Market Research titled, ‘Latin America Aluminium Cans Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the Latin America aluminium cans market, assessing the market based on its segments like applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Latin America Aluminium Cans Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 4.8 Billion
• Forecast CAGR (2023-2028): 3.8%
• Forecast Market Size (2027): USD 6 Billion
The rising demand for aluminium cans in the food packaging industry owing to its durable and lightweight properties is driving the market for aluminium cans in Latin America. The increasing inclination towards premium packaged food products with excellent food quality is anticipated to propel the demand for aluminium cans in the region.
Moreover, the market growth is anticipated to be bolstered by the increasing demand for canned meat products owing to the higher shelf life and increased nutritional value. In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the presence of large population base in India and China.
Latin America Aluminium Cans Industry Definition and Major Segments
Aluminium can is defined as a single-use metal container which usually stores food or beverage items in order to increase their shelf life. Aluminium can is sealed to maintain the freshness of the contents. High ductility of aluminium makes the aluminium can thin and easy to handle or transport. Moreover, it is a solid, nonmagnetic, non-lustrous, and silvery can from the outside. Hence, these properties make the can aesthetically appealing.
On the basis of application, the market can be divided into:
The regional markets for aluminium cans include:
Latin America Aluminium Cans Market Trends
The key trends in the aluminium cans market include the thriving e-commerce industry which is propelling the sales of canned food and beverage products, along with the attractive schemes and offers.The robust development of supermarkets/hypermarkets and convenience stores in the emerging economies is anticipated to be another key trend in the market, which will boost the demand for clean-labelled canned food products.
The rapid innovations and R&D activities aimed towards producing beverage items of different flavours and fruits and rising investments in the packaging business start ups in Latin America are some of the major trends in the market.
Key Market Players
The major players in the market are:
- Ball Corporation
- Crown Holding, Inc
- Canpack S.A
- Novelis Aluminum
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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