Project report for Aluminium Cans

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Aluminum cans bring packaging benefits as well. They are easily formed, resist corrosion and will not rust. The Aluminium beverage can is now the popular choice for carbonated and still soft drinks, mineral waters, beers and lagers in India. Factors such as increasing demand and consumption of energy and sports drinks, growing efforts to innovate design, and large advertising budgets for various non-alcoholic drinks in the country are expected to drive product demand over the forecast period. Rise in number of deals being made between players is also a lucrative factor for market growth. It competes successfully against drinks containers of glass, plastic and steel, and is the only drinks container for which closed loop recycling applies; an used aluminium drinks can is recycled back into aluminium can sheet for the manufacture of another aluminium drinks can. Metal cans, especially aluminium cans used for beverage and aerosol packaging, are the most recycled packaging units across the globe. They can be recycled at the end of their lifecycle without degradation in quality, and that makes them the preferred packaging material for brands across industries, ahead of other materials like plastic and paper. Global production is 180 billion annually and constitutes the largest single use of aluminum globally. Aluminum cans provide long-term food quality preservation benefits. Aluminum cans deliver 100 percent protection against oxygen, light, moisture and other contaminants. The first generation of aluminum cans weighed approximately 3 ounces per unit. Today’s cans weigh less than half an ounce.

Market potential & Strategy

The global Aluminium cans market reached a value of INR 33900 Crores in 2020. The market is further anticipated to grow on account of the rising opportunities generated by the expanding e-commerce industry, which has provided greater accessibility to customers for purchasing various products, such as food, beverages, cosmetics, and others. Many of these products require aluminum cans for packaging, which is anticipated to contribute to the market growth. The growing population in the region, coupled with the rising disposable incomes of the individuals are raising the demand for aerated beverages, energy drinks, and other canned food items. These food items are mostly available in aluminum can packaging, which is anticipated to drive the growth of the aluminum cans market in the region. Additionally, a rising number of initiatives by the government of the nations in the region to focus on the replacement of packaging substitutes, such as plastic, PET bottles, and others with easily recyclable aluminum cans are further anticipated to promote the market of aluminum cans. Closed-loop recycling trends have opened a new avenue for the fast commercialization of aluminum cans in the packaging industry. Aluminum has emerged as the material-of-choice for food and merchandise canning in various parts of the world. The aluminum cans market has evolved on the back of the demand for sustainable and eco-friendly packaging for beverages. At the forefront of adoption has been in the packaging of craft beer. The use of aluminum in microbrew beer canning has a solid ecological precedent, offering impetus to the growth of the aluminum cans market.

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