Author: Vikas Kumar
13 January 2023
The aluminum beverage packaging market is expected to witness a CAGR of around 4% during the forecast period. All of the beverage industry’s packaging components made of various grades of aluminum are referred to as aluminum beverage packaging. The production and sourcing of aluminum beverage containers in a variety of sizes and shapes, as well as the provision of packaging services for beverage manufacturers, are examples of these components of the packaging. Aluminum packaging is mostly used to package alcoholic or non-alcoholic beverages in the beverage industry because it is a great barrier to light, moisture, and air.
The market is expected to expand in the coming years due to a number of factors, including an increase in the production of both recycled and primary aluminum, a growing emphasis on adopting environmentally friendly solutions, rising public awareness of environmental pollution, and increasingly stringent government regulations aimed at reducing the amount of waste produced by single-use packaging products.
Request for a sample of the report browse through- https://univdatos.com/get-a-free-sample-form-php/?product_id=30531Based on product type, the market is segmented into cans, barrels & drums, caps & closures, and others. Among them, the cans category witness significant growth during the forecast period as it is one of the most popular types of packaging used for packaging different types of beverages. Apart from this, factors such as ease of transport and storage make it the most preferred choice by consumers. However, the cartons segment is also anticipated to witness considerable growth during the forecast period.
On the basis of beverage 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 rising consumption of various non-alcoholic beverage consumption such as juices, purees, sauces, soft drinks, and RTD (Ready to Drink) products, among others. For instance, as per Food Export Association 2019, RTD tea and coffee sales have increased by approximately 24% over the past four years.
For a detailed analysis of the Global Aluminum Beverage Packaging Market browse through- https://univdatos.com/report/aluminum-beverage-packaging-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 ascribed as Asia-Pacific is the largest consumer of food and beverages globally and witnessing a higher demand for packaged items because of its improved lifestyles and increasing purchasing power of the people. This would increase the demand for aluminum beverage packaging materials in the region as it is chemically neutral, corrosion-resistance, non-toxic, and hygienic. These properties make it a kind of packaging material that creates a strong barrier for preserving food and beverages and helps in waste reduction. These factors are further driving the growth of the market during the forecast period.
Some of the major players operating in the market include 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.
Global Aluminum Beverage Packaging Market Segmentation
Market Insight, by Product Type
Market Insight, by Beverage Type
Market Insight, by Region
Top Company Profiles
• 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• Silgan Containers LLC
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