Aluminum Beverage Packaging Market: Current Analysis and Forecast (2022-2028)

Report Description

The global aluminum beverage packaging market is expected to grow at a significant rate of around 4% during the forecast period. Aluminum beverage packaging is an important material for laminates, which is also used extensively in the food packaging industry. It performs better than any other plastic laminated material against moisture, oxygen and other gas sedimentation, and light exposure. The Aluminum beverage Packaging Market is being driven by the rising demand for food and beverages from online grocery channels. Furthermore, the increase in the use of beverage packaging materials is largely attributable to the rising demand for carbonated beverages, sports drinks, fruit juices, and other beverages. Additionally, packaging has evolved into a marketing tool.

Moreover, increasing government initiatives to reduce the usage of plastic is expected to decrease the adoption rate of biodegradable and recyclable plastics across the globe. In addition, to reduce their carbon emission, several nations have banned the use of plastic derived from petroleum. As a result, the global beverage industry’s expansion of sustainable packaging solutions will be fueled by rising government support.

Ardagh Group S.A., Ball Corporation, Crown Holdings Inc., Amcor plc, COFCO Packaging Holdings Co. Ltd., Sonoco Products Company, Kian Joo Factory Berhad, Anheuser-Busch Companies LLC, CANPACK Group, and Silgan Containers LLC. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product type, cans category to witness robust CAGR during the forecast period”

Based on type, the market is segmented into cans, barrels & drums, caps & closures, and others. Among them, the cans category is to witness a higher CAGR during the forecast period owing to the rising demand due to the various benefits it offers such as cheap price, safe packaging solution, lightweight, durability, and ease of transportation. Further, the growing penetration of fast-food chains that offer various beverages in their affordable meal packs is boosting the consumption of juices and soft drinks, thereby propelling the consumption of aluminum beverage packaging in the region.

“Amongst beverage type, the non-alcoholic beverages to hold a significant share in the market in 2020”

On the basis of drive type, the market is categorized into alcoholic beverages, non-alcoholic beverages, and others. Among these, non-alcoholic beverages to hold a significant share in the market in 2020. This is mainly due to the increasing consumption of various non-alcoholic drinks consumption such as water, seltzer, soft drinks, sauces, and sports and energy drinks are further expected to drive the market growth. As consumer income is increasing, a large number of consumers are shifting towards metal cans packaging over conventional packaging containers.

“APAC to hold a significant share in the market”

For a better understanding of the market adoption of aluminum beverage packaging, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rapidly growing population coupled with the rising consumption of functional beverages. Moreover, the rise in the cafe, hotels, and restaurants across the region coupled with the growth of the travel and tourism industry and the rising attractiveness of Quick Service Restaurants (QSRs) among millennials. As per Statista, the number of food service establishments worldwide varied greatly by region in 2020. Asia-Pacific had the most establishments at over 17 million. In comparison, the region with the second highest number of food service establishments was Latin America with over 2.3 million.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global aluminum beverage packaging market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Aluminum Beverage Packaging Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global aluminum beverage packaging market were the three major steps undertaken to create and analyze the adoption of aluminum beverage packaging in major regions globally. Exhaustive secondary research was conducted to collect the historical market figures and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Aluminum Beverage Packaging Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the aluminum beverage packaging market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the aluminum beverage packaging market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type and beverage type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Aluminum Beverage Packaging Market. Further, we conducted factor analysis using dependent and independent variables such as various product type and beverage types of all-terrain vehicles. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the aluminum beverage packaging market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global aluminum beverage packaging market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the aluminum beverage packaging market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global aluminum beverage packaging market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global aluminum beverage packaging market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type and beverage type in the global aluminum beverage packaging market.

The main objective of the Global Aluminum Beverage Packaging Market Study

The current & future market trends of the global aluminum beverage packaging market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the aluminum beverage packaging market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of product type and beverage type.
• Define and analysis of the regulatory framework for aluminum beverage packaging.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the aluminum beverage packaging market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the Aluminum Beverage Packaging Market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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