The global aluminum beverage cans market is anticipated to grow at a CAGR of 4.9% during the forecast period. The increase in consumption of alcoholic and non-alcoholic beverages such as beer and carbonated drinks has increased the demand for aluminum beverage cans globally. To cater to the increased demand for beverages, key market players expanded the production of beverages. For instance, in April 2022, according to the Alcohol and Tobacco Tax and Trade Bureau, in Calendar Year (CY) 2021, the volume of beer produced in the US was around 180.8 million barrels and in CY 2020, the volume of beer produced was around 179.9 million barrels, which shows the production of beer is increased to cater the demand of consumers. Thus, increasing the demand for aluminum beverage cans.
Browse the full report description of “Aluminum Beverage Cans Market Size, Share & Trends Analysis Report by Beverage Type (Alcoholic Beverages, Carbonated Soft Drinks, Fruits and vegetable Juices, and Other) and by Distribution Channel (Online and Offline) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/aluminum-beverage-cans-market
For instance, according to the Beer Institute's 2020 Report, US brewers use about 36 billion aluminum cans annually. Additionally, the rise in disposable income in developed countries has led to increased consumer spending on beverages. For instance, in September 2022, according to the US Bureau of Labor Statistics alcoholic beverage expenditures were up 15.9% in 2021 compared to 2020. To fulfill the demand start-up companies are investing to establish aluminum beverage can production plants. For instance, in September 2021, Vobev, a start-up company, aluminum can-making and filling production facility in Salt Lake City, UT produces cans of 355 mL and 250 mL for the beverage industry. The company operates on a 1.2 million sq. ft. campus, and possesses automated variety pack capabilities, with the ability to offer package sizes ranging from 4-packs to 24-count trays of single or multiple drink offerings. The focus of the company is on non-alcoholic offerings such as water, carbonated soft drinks, and energy drinks. Alcoholic beverage packaging and filling begin in 2022 to cater to the demand.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Beverage Type
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Ardagh Group S.A., Ball Corp., Bangkok Can Manufacturing Co., Ltd., CAN-PACK SA, CPMC Holdings Ltd., Crown Holdings, Inc., Envases Group, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Aluminum Beverage Cans Market Report Segment
By Beverage Type
By Distribution Channel
Global Aluminum Beverage Cans Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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