Global Aluminum Beverage Cans Market By Type ( Three-Piece Cans, Two-Piece Cans ), By Application( Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices, Tea, Others ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

The global Aluminum Beverage Cans market value was USD 35.72 Bn in 2022. By 2022, it is expected that it will reach USD 58.74 Bn in 2032 with a compound annual growth rate of 5.1% between 2022-2032. Aluminum beverage cans are the most widely used container for beverages. They are light and sturdy, making them easy for you to store and transport. Recyclability is another benefit of aluminum cans. Aluminum beverage cans are very popular.

Increased Demand:

It is expected that the beverage industry will experience strong growth, particularly in high-growth markets like Brazil, India, and China. Market players in aluminum cans are expecting this to provide lucrative growth opportunities.

Multiple surveys were done to find out consumer preferences in beverage packaging. The chilled can feel refreshed and more appealing to 60% of respondents.

More than 80% also perceived Aluminum beverage cans to be convenient and easy to grab while out. Over the forecast period, Aluminum beverage cans manufacturers are expected to see increased demand for smaller sizes in the beverage market.

These Aluminum beverage cans are commonly used for beverage cans because of their lightweight and their ability to withstand the internal pressure created by carbon dioxide.

Consumption of alcohol will increase, which is expected to drive up demand for beverage packaging, including aluminum cans. Aluminum cans will see a rise in sales due to increased consumption of flavored alcoholic beverages, wine, soft drinks, and energy drinks.

Aluminum Beverage Cans Market Scope:

By Type, the market is segmented into Three-Piece Cans and Two-Piece Cans. By Application, the market is divided into Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices, Tea, and Others.

Based on geography the market is analyzed across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Major players profiled in the report include Ball Corporation, Can-Pack, Ardagh Group, Novelis, COFCO Corporation, Crown, Orora, Silgan Containers, Showa Aluminum Can Corporation, and ShengXing Group.

Key Market Segments

Type

Three-Piece Cans

Two-Piece Cans

Application

Carbonated Soft Drinks

Alcoholic Beverages

Fruit & Vegetable Juices

Tea

Others

Key Market Players included in the report:

Ball Corporation

Can-Pack

Ardagh Group

Novelis

COFCO Corporation

Crown

Orora

Silgan Containers

Showa Aluminum Can Corporation

ShengXing Group

Driving Factors:

Global Growth of the Beverage Industry To Fuel Market Growth

Drinking water is in high demand because of factors like urbanization and growing populations. Consumer spending has increased in the developing world due to an increase in disposable income. Market growth has been driven by the rise in beverage demand in developing countries. Brand preference is a key factor. Pepsi and Coca-Cola have a strong influence on emerging country consumers. Consumers also prefer beverages in recyclable and sustainable packaging, which boosts the demand for metal cans. Market growth is due to changing lifestyle choices and growing awareness about health.

Restraining Factors:

Growing Preference towards PET Bottles to Hamper The Growth

This market constraint is being imposed by the preference for PET bottles over glass bottles. Because PET bottles have similar properties to metal cans such as lightweight, durability, and oxygen barrier properties, beverage manufacturers are increasingly looking for PET bottles. PET bottles can be used as an economical packaging alternative for beverage manufacturers, as they are less expensive than metal cans. PET bottle production consumes significantly less energy than that required to make beverage cans. The market will slow down due to the above-mentioned reasons.

Key Market Trends:

Market growth is expected to be driven by aluminum cans with high recycling rates.

Global environmental concerns have raised awareness about the packaging materials used. One of the main reasons for recycling is the high energy use of packaging manufacturing. The main trends driving consumer demand are diminishing natural resources, global heating, and the negative impact of plastics on our environment.

Global awareness has increased due to environmental initiatives and public awareness. Consumers want packaging products with a lower environmental impact. While plastic use is declining, consumers are more inclined to recycle. This is driving a large demand for metal-packaged products such as aluminum cans.

Recyclability is one of the main factors that influence aluminum cans’ market consumption. Aluminum cans can almost be recycled 100%. The most recyclable packaging units are aluminum cans. These cans are recyclable in the end without degrading their quality. They are the preferred packaging material in many industries such as paper and plastic.

Recent Developments:

September 20, 2222: Suntory Spirits of Tokyo launched the first ever 100% recycled aluminum can. The Stay On Tabs (SOT), the first aluminum can entirely made of recycled aluminum and developed jointly by UACJ & Toyo Seikan Group Holdings emits 60% less CO2 than an aluminum can.

June 20, 2222: Ball Corporation has announced the worldwide release of its most environmentally responsible aluminum aerosol can. This can is half the weight of a standard one. This will allow Ball to achieve its 2030 science-based targets and net-zero emissions by 2050.

September 2021: Ball Corporation announced the construction of a Nevada-based US Beverage Can plant to support long-term customer growth. The company plans to open this line of production in 2022. This will provide close to 180 manufacturing jobs. Additionally, this plant will serve the need for recyclable aluminum containers.

August 2021: Gores Holdings V, Ardagh Metal Packaging, announced the closing of business. This was a special-purpose acquisition. Ardagh Metal Packaging SA will be the new name of the combined company. Businesses in America and Europe will benefit from the acquisition of this company.