Aluminum Beverage Packaging Market Segmentation by Product Type (Cans, Barrels & Drums, Caps & Closure, and Others); by Beverage Type (Alcoholic, and Non-Alcoholic Beverages); by Packaging Type (Flexible, and Rigid)-Global Demand Analysis & Opportunity Outlook 2020-2030
21 Oct 2022
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
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Global Aluminum Beverage Packaging Market Highlights Over 2020 - 2030
The global aluminum beverage packaging market is estimated to garner a revenue of USD 84437.20 Million by 2030, by growing at a CAGR of 4.05% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market registered a revenue of USD 57158.22 Million. The growth of the market can be attributed to the growing demand for different types of beverages worldwide, which is driving the need amongst the beverage manufacturers to focus more on the packaging of their beverage products. In the year 2020, the consumption of packaged alcoholic beverage worldwide registered to around 240 Billion liters, whereas the consumption of carbonated soft drinks (CSD) and fruit & vegetable juices registered close to 210 Billion liters and 85 Billion liters respectively. Aluminum has emerged to be a material of choice amongst the food & beverage manufacturers as the metal has a high recyclability rate and the use of the metal is environmentally sustainable. According to the statistics by the International Aluminum Institute, the global recycling efficiency rate of aluminum is known to be 76%. The use of aluminum for beverage packaging significantly lowers the cost of packaging of the product and also allows the beverage manufacturers a greater canvas for merchandising and branding of their products.
The global aluminum beverage packaging market is also expected to grow on account of the numerous opportunities generated by the surge in production of recycled aluminum, which according to the statistics by the International Aluminum Institute, grew from 20696 kt in the year 2010 to 31936 kt in the year 2020. On the other hand, the production of primary aluminum grew from 42353 Thousand metric tonnes in the year 2010 to 67343 Thousand metric tonnes in the year 2021.
The growth of the global aluminum beverage packaging market can also be attributed to the rising emphasis on adopting sustainable solutions for the environment, backed by the rising awareness amongst individuals for environmental pollution. Additionally, increasing stringent government norms that focuses on lowering environmental wastes generated from single-use packaging products, along with the growing number of initiatives of the government that focuses on promoting recycling of goods are also expected to boost the growth of the market in the coming years.
Global Aluminum Beverage Packaging Market Regional Synopsis
Regionally, the global aluminum beverage packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is expected to generate the largest revenue of USD 38503.36 Million by the end of 2030, up from a revenue of USD 23720.66 Million in the year 2020. The growth of the market in the region can primarily be attributed to the fact that the region is house to some of the countries, which are known to be the largest producers of aluminum. For instance, China, which is the world’s largest producer of aluminum, produced primary aluminum of 38920 Thousand metric tonnes in the year 2021 out of the total world production of aluminum of 67343 Thousand metric tonnes in the same year. The market in the region is further segmented by country into China, Japan, India, Australia, and the Rest of Asia Pacific. Out of these, the market in China is expected to garner the largest revenue of USD 20098.78 Million by the end of 2030, up from a revenue of USD 1907.77 Million in the year 2020.
Growth Drivers and Challenges Impacting the Growth of the Global Aluminum Beverage Packaging Market
Growing Need Amongst Beverage Manufacturers to Reduce Single-Use Packaging Products
Rising Stringent Government Norms to Lower Environmental Waste Generated Due to the Use of Single-Use Packaging
Growing Emphasis on Environmental Sustainability
Fluctuating Prices of Aluminum
Rising Concern for GHG Emitted During Aluminum Production
Global Aluminum Beverage Packaging Market Segmentation Synopsis
The global aluminum beverage packaging market is segmented by product type into cans, barrels & drums, caps & closures, and others. Out of these, the cans segment is expected to garner the largest revenue of USD 63294.63 Million by the end of 2030, up from a revenue of USD 41453.31 Million in the year 2020. By beverage type, the market is segmented into alcoholic beverages and non-alcoholic beverages, out of which, the non-alcoholic beverages segment is expected to garner the largest revenue by the end of 2030 and also grow with a CAGR of 4.31% during the forecast period. By packaging type, the market is segmented into flexible and rigid, out of which, the rigid segment is expected to hold the largest revenue of USD 56999.41 Million by the end of 2022.
Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global aluminum beverage packaging market that are included in our report are Crown Holdings, Inc., Amcor plc, Ball Corporation, Sonoco Products Company, Novelis Aluminum, Silgan Holdings Inc., Ardagh Group S.A., Al Suhaimi Holding Company, CANPACK S.A., Envases Group, CCL Container, Technocap S.p.A., Massily Holding S.A.S, Universal Can Corporation (UNICAN), and others.
Latest Developments in the Global Aluminum Beverage Packaging Market:
- December 14th, 2021: Crown Holdings announced that in association with Ardagh Metal Packaging, it has granted funds to a recycling facility in Kilgore, Texas (United States). The funding would be utilized to upgrade the recycling facility where it can sort out aluminum cans from single-stream recyclables with an effective eddy current rather than by hand.
- July 15th, 2021: Ball Corporation announced that it has planned to build new aluminum beverage packaging plants in East Midlands, United Kingdom and Western Russia.
Key Reasons to Buy Our Report
The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
The report includes detailed company profiles of the major players dominating the market.
We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
The growing need amongst beverage manufacturers to reduce single-use packaging products and the growing emphasis on environmental sustainability are some of the major factors anticipated to drive the market growth.
The market is anticipated to attain a CAGR of 4.05% over the forecast period, i.e., 2021 – 2030.
The fluctuating prices of aluminum, and the rising concern for GHG emitted during aluminum production are estimated to hamper the market growth.
Which region will provide more business opportunities for growth of aluminum beverage packaging market in future?
The market in the Asia Pacific is expected to generate the largest revenue of USD 38503.36 Million by the end of 2030 and provide more business opportunities in the future.
The major players in the market are Crown Holdings, Inc., Amcor plc, Ball Corporation, Sonoco Products Company, Novelis Aluminum, Silgan Holdings Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Which segment captures the largest market size in product type segment in the aluminum beverage packaging market?
The cans segment is expected to garner the largest revenue of USD 63294.63 Million by the end of 2030 and display significant growth opportunities.
The market is segmented by product type, beverage type, packaging type, and by region.
1. Market Definition
2. Assumptions and Acronyms
3. Research Methodology
3.2. Primary Research
3.3. Secondary Research
4. Executive Summary – Global Aluminum Beverage Packaging Product
5. Market Dynamics
5.1. Market Drivers
5.2. Market Restraints
5.3. Market Opportunities
5.4. Market Trends
6. Regulatory and Standards Landscape
7. Industry Risk Analysis
8. Supply Chain Analysis
9. Assessment on the Sustainability Packaging Type
10. COVID-19 Impact on Global Aluminum Beverage Packaging Market
11. Demand Analysis by Region on the Aluminum Beverage Packaging Market
12.Global Aluminum Beverage Packaging Market 2020-2030
12.1. Market Overview
12.2. By Value (USD Million)
13.Global Aluminum Beverage Packaging Market – Segmentation Analysis 2020-2030
13.1. Product Type
13.1.2. Barrels & Drums
13.1.3. Caps & Closures
13.2. Beverage Type
13.2.1. Alcoholic Beverages
13.2.2. Non-Alcoholic Beverages
22.214.171.124. Aerated Drink
13.3. Packaging Type
13.4.1. North America
13.4.3. Asia Pacific
13.4.4. Latin America
13.4.5. Middle East & Africa
14.North America Aluminum Beverage Packaging Market
14.1. Market Overview
14.2. Market Value (USD Million)
14.3. Market Segmentation by:
14.3.1. Product Type
126.96.36.199. Barrels & Drums
188.8.131.52. Caps & Closures
14.3.2. Beverage Type
184.108.40.206. Alcoholic Beverages
220.127.116.11. Non-Alcoholic Beverages
18.104.22.168.2. Aerated Drink
14.3.3. Packaging Type
22.214.171.124. United States
15. Europe Aluminum Beverage Packaging Market
15.1. Market Overview
15.2. Market Value (USD Million)
15.3. Market Segmentation by:
15.3.1. Product Type
15.3.2. Beverage Type
15.3.3. Packaging Type
126.96.36.199. United Kingdom
188.8.131.52. Rest of Europe
16.Asia Pacific Aluminum Beverage Packaging Market
16.1. Market Overview
16.2. Market Value (USD Million)
16.3. Market Segmentation by:
16.3.1. Product Type
16.3.2. Beverage Type
16.3.3. Packaging Type
184.108.40.206. Rest of Asia Pacific
17. Latin America Aluminum Beverage Packaging Market
17.1. Market Overview
17.2. Market Value (USD Million)
17.3. Market Segmentation by:
17.3.1. Product Type
17.3.2. Beverage Type
17.3.3. Packaging Type
220.127.116.11. Rest of Latin America
18.Middle East & Africa Aluminum Beverage Packaging Market
18.1. Market Overview
18.2. Market Value (USD Million)
18.3. Market Segmentation by:
18.3.1. Product Type
18.3.2. Beverage Type
18.3.3. Packaging Type
18.104.22.168. South Africa
22.214.171.124. Rest of Middle East & Africa
19.1. Company Market Share Analysis
19.2. Company Profiles
19.2.1. Crown Holdings, Inc.
19.2.2. Amcor plc
19.2.3. Ball Corporation
19.2.4. Sonoco Products Company
19.2.5. Novelis Aluminum
19.2.6. Silgan Holdings Inc.
19.2.7. Ardagh Group S.A.
19.2.8. Al Suhaimi Holding Company
19.2.9. CANPACK S.A.
19.2.10. Envases Group
19.2.11. CCL Container
19.2.12. Technocap S.p.A.
19.2.13. Massily Holding S.A.S
19.2.14. Universal Can Corporation (UNICAN)
20. Primary Interview Analysis
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- Crown Holdings, Inc.
- Amcor plc
- Ball Corporation
- Sonoco Products Company
- Novelis Aluminum
- Silgan Holdings Inc.
- Ardagh Group S.A.
- Al Suhaimi Holding Company
- CANPACK S.A.
- Envases Group
- CCL Container
- Technocap S.p.A.
- Massily Holding S.A.S
- Universal Can Corporation (UNICAN