Aluminum Containers and Closures Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Description

Aluminum Containers and Closures Market size was valued at USD 14,609.2 million in 2021 and is expected to grow at a significant CAGR of 3.3% from 2022 to 2028. The global market provides a detailed overview of the Aluminum Containers and Closures market, which can be segmented by container capacity, product type, closures, and end-user. By container capacity, the aluminum containers and closures market has been segmented into Up to 50 ml, 50 ml – 200 ml, 200 ml – 400 ml, 400 ml, and above. The 50 ml – 200 ml segment is likely to be the largest and fastest-growing segment in terms of container capacity. Based on product type, the market is segmented into Containers (Compartmental, Non- Compartmental) and  Closures (Roll-On-Pilfer-Proof, Spout closures, Easy open ends, non-refillable closures, Closure strips, and Others). The containers segment accounts for the largest share in 2021. Based on the end-user, the market has been segregated into beverages, pharmaceuticals, Retail & Supermarkets, Food, Home & personal care, Automotive, Chemical, and Others. The beverage segment is expected to dominate the aluminum containers and closures market. The Beverage segment is expected to witness the highest CAGR during the forecast period according to precision business insights.

Key Development:

In June 2019, Amcor acquired Bemis Company Inc. The combined company will now operate as Amcor Plc (Amcor). The acquisition of Bemis has brought additional scale, capabilities, and footprint that has strengthened.