ALUMINUM CANS TO GROW BY 4.5% IN THE FIRST QUARTER OF 2010

The global market for aluminum cans will show significant growth with a healthy CAGR of 4.5% through the next decade. This represents that there will be an added increase in overall green packaging.

The following forecast predicts that during the corresponding period of 2021 – 2031 the annual consumption of aluminum cans for products in Japan is expected to expand by 4.1% and thus during this same period of time the demand will come mostly with a percentage of 5.8% in China.

Today, aluminum production is a sector of the economy that has many things in common with services, as both benefit from increased consumption. For this reason, aluminum cans can be a good investment for the immediate future and are generally targeted at countries such as the rapidly growing United States. Aluminum cans are known as cans representing sales of more than $76 billion over the next decade. Due to the increase in beverage consumption, it is estimated that sales in the aluminum can market will increase in the foreseeable future.

According to the recent IMF, during the years 2021-2031 an incremental opportunity of $15 billion can be expected from aluminum cans with total capacity of 201-450ml and 451-700ml. Meanwhile, the cans used to buy fruits and vegetables are already causing consumers to give them more importance and preference to buy them.