The ‘Central America Aluminium Cans Market Size Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Central America aluminium cans market, assessing the market on the basis of its segments like size, application, and country.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 157.15 million
- Forecast CAGR (2023-2028): 3.5%
- Forecast Market Size (2028): USD 192.25 million
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The versatile nature of aluminium cans and the wide range of benefits they offer are driving the growth of the Central America aluminium cans market. Considerably strong, aluminium cans are lightweight which enables easy movement and are stackable resulting in secure storage for long distance shipping. As they are resistant to corrosion, don’t rust, and offer protection against oxygen, moisture, light, and various contaminants, aluminium cans are increasingly used for the storage of beverages.
Increasing demand for soft drinks and beer across various countries in Central America is a key factor contributing to the growth of the Central America aluminium cans market. With the largely tropical climate in the region, more consumers seek cool beverages to cool down, thereby surging the demand for soft drinks and beer. Aluminium cans enable quick cooling of its contents due to which they are widely preferred for beverages in warmer months.
Rapid globalisation and increasing trade and shipments within the Central America region are anticipated to provide lucrative opportunities to the aluminium cans market in the coming years. The ease of stacking and shipping aluminium cans, while protecting contents from contamination, are encouraging large-scale shipments of beverages in aluminium cans. With rising disposable income, more consumers are premium soft drinks and alcoholic beverages, further supporting the Central America aluminium cans market growth.
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Central America Aluminium Cans Industry Definition and Major Segments
Aluminium cans refer to cylindrical containers manufactured from aluminium that are utilised for single-use packaging of various materials, typically liquids. Most commonly, aluminium cans are used for packaging of beverages such as soft drinks and beer, but can also be used for other liquids. Aluminium cans are easy to move, lightweight, and can be quickly chilled.
Based on size, the market is bifurcated into:
- 12 Oz
- 16 Oz
- Others
On the basis of application, the market is classified into:
- Beer
- Soft Drinks
- Others
By country, the market is segmented into:
- Guatemala
- El Salvador
- Panama
- Caribbean Nation
- Others
Central America Aluminium Cans Market Trends
Growing focus on sustainability and recycling is a key trend influencing the Central America aluminium cans market. Aluminium cans are infinitely recyclable due to which they are often preferred over non-renewable packaging forms such as plastic. Many areas have set up recycling facilities for aluminium cans which is encouraging their usage. Countries such as Panama are offering incentives for recycling and establishment of industrial recycling plants.
Increasing utilisation of the exteriors of aluminium cans for marketing and promotional purposes is another crucial trend in the aluminium cans market in Central America. Through 360-degree labelling, aluminium cans offer considerable space for various promotions, in addition to details about the specific product. Manufacturers are utilising the available space by displaying brand logos and innovative designs to increase brand recall and loyalty.
Sales of energy drinks are growing in popularity in Central America, providing impetus to the Central America aluminium cans market. Rising awareness regarding energy drinks, particularly among the younger generation, is leading to an enhanced demand for aluminium cans for energy drinks. Manufacturers of energy drinks are promoting the ability of these drinks to enhance mental alertness and physical performance. Meanwhile, the demand is also rising for functional beverages that provide nutritional benefits, packaged in aluminium cans for a longer shelf life.
Key Market Players
The major players in the Central America aluminium cans market report are Ball Corporation, Crown Holding, Inc., Ardagh Group S.A., Canpack S.A., Silgan Containers LLC, Novelis Aluminum, Saxco International LLC, Envases Group, and Grupo Zapata, among others. 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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