According to the latest research by FMI, beverage aluminum cans market is set to behold a huge upsurge in demand over the assessment period of 2021-2031. Sales of aluminum cans gaining traction will witness steady push in short-term and optimistic growth outlook over the long run forecast period.
Dominance of aluminum cans as the most recyclable beverage container and also an average can containing 70% of recycled material makes it the most sustainable beverage container. Owing many other sustainable factors, the market of beverage aluminum cans is set to grow at a whopping CAGR of 6% over the said period.
Factors Driving the Demand for Beverage Aluminum Cans
There always existed a fight for sustainable packaging for food & beverages. As the bio-based packaging materials are from long way to overtake the conventional plastic packaging, metal based containers have witnessed to gain the advantage owing to the recyclability character that they exhibit. Aluminum cans are most lucrative opportunity for various food & beverage packaging and are widely used across the globe.
Confining to aluminum cans, these are the mostly preferred material type for beverage packaging as it offers excellent malleability, which is the most desirable characteristic for metal packaging manufacturer to draw reliable packaging material.
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Sales of aluminum cans is set to witness huge upward curve throughout the forecast period and beyond as the market is nowhere to possess threat from potential alternative for filling and delivering of beverages.
The consistent demand for aluminum cans from soft drinks remained a push across the globe and actors trying to enhance the performance of the same is further set to bolster the sales.
North America to remain the Supreme Region
The United States is among the biggest markets for packaging metal cans. During the time period of 2021-2031, U.S beverage aluminum cans sales is anticipated to initiate huge push. The need for recyclable packaging materials is on highly positive note and making the market to result tremendous growth in years to come.
Canada is also among the countries across the world to showcase heavy spending on innovative aluminum packaging methods to adhere to sustainability along with reliable filling and delivery system for beverages. The inclination of huge end-use industries towards aluminum cans for beverage packaging is to facilitate positive growth factor.
All in all, these factors leave North America as a region with highly favorable sources and most dominating globally.
Who are the Key Manufacturers and Suppliers of Beverage Aluminum Cans?
Major actors present in the business of beverage aluminum cans include
- Ball Corporation
- Ardagh Group
- Crown Holdings
- Silgan Containers LLC
- CANPACK
- Envases
- Skylark Engineers
- Ace Cans Manufacturing Company
- Bombay Pestipacks
- August Pohli GmbH & Co. KG
- CHR Aluminum Madrid
- Tri-state Fabricators, Inc.
- Verdugo Tool & Engineering Co., Inc.
- HUBER Packaging Group GmbH and others
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The most of the industry leaders in the beverage aluminum cans business have a diverse product line and provide high-quality packaging. To reach a clientele and obtain a competitive edge over competitors, manufacturers opt to play with organic market strategy by creating new production methods and other hybrid techniques. Manufacturers have also been seen expanding their product lines across regions to strengthen their position
Key Segments
By Material Type:
- Aluminum
- Aluminum Alloys
By Design:
- Printed
- Plastic wrapped
- Others
By Opening Type:
- Pop-tab
- Stay-on-tab
- Wide mouth
- Press button can
- Full aperture end
- Reseal able lid
- Others
By Capacity:
- 100 – 250 ml
- 250 – 500 ml
- 500 – 750 ml
- 750 – 1000 ml
- >1000 ml
By End-use:
- Alcoholic
- Beer
- Cider
- Wine
- Spirits
- Others
- Non-alcoholic
- Water
- Soft Drinks
- Juice & Juice Drinks
- Others
- Café/Brew Drinks
- Coffee
- Hot Chocolate
- Tea
- Others
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