Emerging Economies Drive Aluminum Beverage Packaging Boom | UnivDatos

 

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. 

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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.  

Based 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.

Based on the 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.

APAC to witness extensive growth

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.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the aluminum beverage packaging market are 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” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.     By Product Type (Cans, Barrels & Drums, Caps & Closures, and Others)

2.     By Beverage Type (Alcoholic beverages, Non-alcoholic beverages, and Others)

3.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.     By Company (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.)

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Key questions answered in the study:

1.     What are the current and future trends of the global aluminum beverage packaging industry?

2.     How the industry has been evolving in terms of product type, and beverage type?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global aluminum beverage packaging industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global aluminum beverage packaging suppliers across various region and countries?  

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