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

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.

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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

Growth Drivers

• 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

Challenges

• 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 14^th, 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 15^th, 2021: Ball Corporation announced that it has planned to build new aluminum beverage packaging plants in East Midlands, United Kingdom and Western Russia.

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• 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.

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Geography Analysis:

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

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