Global Aluminum Beverage Packaging Market Outlook 2020-2030

Global Aluminum Beverage Packaging Market Analysis 2020-2030

The global aluminum beverage packaging market is anticipated to grow with a CAGR of 4.05% during the forecast period, i.e., 2021-2030. Factors such as the surge in production of recycled aluminum as well as primary aluminum, followed by the rising emphasis on adopting sustainable solutions for the environment, backed by the rising awareness amongst individuals for environmental pollution, and the growing stringent government norms that focuses on lowering environmental wastes generated from single-use packaging products are anticipated to drive the growth of the market in the coming years. Additionally, factors such as the rising demand for different types of beverages, which is driving the need amongst the beverage manufacturers for different types of packaging materials is also projected to create numerous opportunities for the growth of the market during the forecast period. The global aluminum beverage packaging market is estimated to garner a revenue of near to USD 84440 Million by 2030, up from a revenue of around USD 57160 Million in the year 2020.

The global aluminum beverage packaging market is segmented by numerous segments, which include segmentation by product type, beverage type, packaging type, and by region. Based on product type, the market is segmented into cans, barrels & drums, caps & closures, and others. By the end of 2030, the cans segment is expected to garner the largest revenue of close to USD 63300 Million, up from a revenue of about USD 41450 Million in the year 2020.

By region, the global aluminum beverage packaging market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. By the end of 2030, the market in the Asia Pacific is expected to generate the largest revenue of close to USD 38500 Million by the end of 2030, up from a revenue of around USD 23720 Million in the year 2020.

Some of the prominent industry leaders in the global aluminum beverage packaging market that are included in our report are Crown Holdings, Inc., Amcor plc, Ball Corporation, Sonoco Products Company, Novelis Aluminum, Silgan Holdings Inc., Ardagh Group S.A., Al Suhaimi Holding Company, CANPACK S.A., Envases Group, CCL Container, Technocap S.p.A., Massily Holding S.A.S, Universal Can Corporation (UNICAN), and others.