Aluminum Beverage Packaging Market size is anticipated to growing at more than 4.2% CAGR during the forecast period i.e., between 2024-2036.
Factors such as the growing demand for sustainable packaging solutions, increasing awareness for green & eco-friendly packaging, increasing adoption of metal packaging, along with the high recyclable rates of aluminum are some of the major factors anticipated to drive the growth of the global aluminum beverage packaging market.
The global aluminum beverage packaging market is thriving on account of the growing number of health-conscious consumers who are highly aware of the negative health effects caused due to the manufacturing of the beverage from other packaging materials, along with the numerous benefits associated with the use of aluminum in the packaging of beverages. Aluminum possesses excellent preservative properties which help to protect the food content inside the aluminum container, and also helps to ensure longer shelf life. Moreover, aluminum possesses high structural integrity and hence, it helps the beverage manufacturers to opt for denser shipping, which further helps to reduce their transportation cost.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.2% |
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Regional Scope |
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The global aluminum beverage packaging market is segmented on the basis of product type into aluminum cans, kegs, barrel, bottle, drum, caps & closures, and others. Amongst these segments, the aluminum cans segment is projected to grab the largest market share by the end of 2036. The growth of the segment can be attributed to the high cost-effectiveness of aluminum cans in the packaging of beverages. Initially, aluminum cans were widely used in beer packaging, and hence, aluminum cans were also known as beer cans. With the advent of time, aluminum cans were also used to pack carbonated drink manufacturers and other non-alcoholic and alcoholic drinks. Aluminum cans are usually manufactured using different grades of aluminum. The most common grade used to manufacture the can body is aluminum 3004 alloy (also known as Al 3004 alloy, or AA3004), or aluminum 3104-H19 alloy (also known as Al 3104-H19 alloy, UNS A93104, or AA3104-H19). The cap or closure of the aluminum can is usually manufactured using aluminum 5182 alloy (also known as Al 5182 alloy or AA5182). Technically, aluminum cans are manufactured using the industrial regulatory standard GOST R 51756-2001 protocols. Aluminum cans are designed to withstand carbonation pressures of up to 90 pounds per square inch and hence it is widely preferred to package soda.
The aluminum cans segment is further bifurcated into 2-piece and 3-piece. Out of these segments, the 2-piece aluminum can segment is anticipated to hold the largest aluminum beverage packaging market share by the end of 2036. Further, according to Research Nester’s analysis, the global aluminum cans market is anticipated to grow with a CAGR of around 4% during the forecast period 2024-2036 and further cross USD 56 billion by 2024.
Our in-depth analysis of the global market includes the following segments
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By Product Type |
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By Solution |
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APAC Market Statistics
On the basis of regional analysis, the global aluminum beverage packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions. Asia Pacific industry is poised to account for largest revenue share by 2036, owing to presence of leading manufacturers of primary aluminum in the region. Moreover, shifting preferences for canned beverages amongst the health-conscious consumers in the region is also anticipated to drive market growth in the coming years in the Asia Pacific region.
North America Market Analysis
Alternatively, the aluminum beverage packaging market in North America is projected to have a significant market share on account of the growing demand for different type of beverages in the nations, such as the United States, along with the presence of numerous key beverage manufacturers in the region, such as The Coca-Cola Company, PepsiCo, Inc., Anheuser-Busch Companies, LLC, Nestle Group, Heineken Brouwerijen B.V., and others, who are focused on enhancing their eco-friendly brand image to further promote their beverage products. Moreover, increasing use of screw-top aluminum beverage bottles for packaging different beverages on the back of the growing need for innovative packaging solutions amongst beverage manufacturers, along with the increasing number of OEM packaging services providers in the region are some of the significant factors anticipated to contribute to the growth of the aluminum beverage packaging market in North America.
Author Credits: Abhishek Anil
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