Aluminium can market valued at $45.51bn in 2020
The global aluminium cans market reached a value of US$ 45.51 billion in 2020, according to a report on ResearchAndMarkets.com.
Aluminium cans have an unparalleled safety record and currently represent one of the most widely used containers, owing to their ability to preserve the quality and flavour of the contents.
These cans are non-toxic in nature, can be reprocessed and require less care during handling and distribution.
Also, they are easily mouldable, which provides manufacturers with the ease of printing.
Aluminium cans are lightweight, strong, affordable, easy to handle, highly resistant to corrosion and provide exceptional barriers against air, light and moisture.
They are also ideal extenders of product shelf life, offering a perfect canvas for decoration and product branding.
Owing to these distinctive features, aluminium cans find diverse applications and are used in the packaging of several products, such as soft drinks, oil, chemicals, perfumes, pharmaceuticals and cosmetics.
Besides this, with the growing environmental concerns, consumers are becoming more conscious about limiting the usage of plastics, which has provided a positive thrust to the aluminium cans industry.
Other than this, the governments of various nations are focusing on the replacement of packaging substitutes, such as PET bottles containers, with recyclable aluminium cans.
Moreover, technological innovations, such as the introduction of BPA-free aluminium cans, have stimulated their usage as a chemical-free packaging for canned food items. Looking forward, the publisher expects the market to witness moderate growth during the forecast period (2021-2026).
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