Today, global business arcade often deals with brand recognition, competitive landscape, and product innovation terminologies. No wonder businesses are keenly focusing on knowing their consumers in great detail in order to meet their needs and stand well on the aforementioned terminologies. This Europe Aluminium Can Compactor Market research helps businesses in analyzing factors of the business environment with the use of SWOT and Porter’s five forces model. The markets are analyzed on the basis of target segments and several deployment strategies are made part of this discussion.
The Europe aluminium can compactor market is estimated at US$ 220.4 million in 2023 and is expected to expand at a CAGR of 3.8% during the forecast years of 2023-2033.
Aluminium can be reused for the same purpose because it is a permanent material and has genuinely closed-loop recyclability, which means it can be recycled again without losing quality. For every kilogram of collected aluminium, practically the same amount and grade of recycled metal are generated with a few technical restrictions.
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Europe has set a goal of reaching 100% recycling by 2030, both to achieve material circularity and because aluminium cans have a greater carbon footprint reduction when they are recycled at a higher rate. The greenhouse gas (GHG) emissions produced during the mining of raw materials and in the processing of those ingredients to make bauxite, which is subsequently converted into aluminium through smelting, account for the majority of the carbon footprint of an aluminium can.
Recycling aluminium has a positive impact on the environment because it uses only around 5% of the total energy required to produce virgin aluminium. Recycling may reduce energy use by 95%, which translates into a reduction in greenhouse gas emissions. As a result, recycling aluminium beverage cans significantly lowers the amount of CO2 emitted into the atmosphere. Hence, owing to such factors the demand for aluminium can compactors increases. Further, the flourishing food and beverage sector augments the market’s growth.
Key Takeaways from Market Study
- Europe’s aluminium can compactor market is projected to expand at a CAGR of 8% and be valued at US$ 320.6 million by 2033
- The market witnessed a 2% CAGR for the period of 2018-2022
- Germany dominates the European market with a 0% market share in 2023
- The vertical aluminium can compactor accounts for maximum consumption holding 0% of the Europe market in 2023
- The semi-automatic segment is expected to be the crown of the market with a growth rate of 0% from 2023-2033
“The increasing prices of aluminium and various government strategies for proper waste management will surge the demand for aluminium can compactor,”
Top Players:-
- DILOYA GROUP
- Quercus Capital Rentals Ltd.
Market’s Key Stratagems
The use of aluminium cans has increased, particularly in the food and beverage sector resulting in high waste generation. Manufacturers are increasing their production capacity to meet the demand of end users due to a surge in demand for aluminium can compactors. Market leaders are increasingly relying on organic tactics, such as increasing capacity and spending on R&D, to produce equipment that will increase their market share.
Aluminium can compactor manufacturers use eco-friendly technologies and end-user-specific optimization techniques to strengthen their position. Competitors in the sector are focusing their efforts on gaining new customers by providing cutting-edge items at affordable prices without sacrificing quality and durability.
Segmentation of Aluminium Can Compactor Industry Research
- By Operation Type :
- Manual
- Semi-automatic
- Automatic
- By Placement Type :
- Horizontal
- Vertical
- By Country :
- Germany
- France
- UK
- BENELUX
- NORDIC
- Italy
- Spain
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the Europe aluminium can compactor market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of operation type (manual, semi-automatic, automatic), and placement type (horizontal, vertical), across major countries of Europe (Germany, France, UK, BENELUX, NORDIC, Italy, Spain, Rest of Europe).
