Aluminum beverage cans market is anticipated to grow at a CAGR of 4.9% during the forecast period. The primary factor propelling the growth of the market includes the rising demand for environment-friendly packaging. Aluminum is an abundant mineral that is 100% recyclable and sustainable, thus widely being adopted as an eco-friendly option. As a result of which, the major players serving the market are also expanding their production capacity of aluminum by establishing a manufacturing plant to cater to the rising demand. For instance, in June 2022, Ball Corp. expanded its operations in South America by establishing a new manufacturing plant in Peru the city of Chilca. The operation will have a production capacity of over 1 billion beverage cans a year and will start up in 2023.

Moreover, in January 2021, Ball Corp. announced it to build an aluminum can plant near Pilsen, Czechia to meet the rising demand for aluminum beverage cans. The company will construct its new production facility at Pilsen Digital Park. The company also plans to install sophisticated automated equipment at the facility, leveraging the latest modern technologies to minimize environmental impact. 

Segmental Outlook 

The global aluminum beverage cans market is segmented based on the beverage type and distribution channel. Based on the beverage type, the market is sub-segmented into alcoholic beverages, carbonated soft drinks, fruits and vegetable juices, and others. Based on the distribution channel, the market is bifurcated into online and offline. Among the beverage type, the alcoholic beverages sub-segment is expected to hold a considerable share of the market due to the increasing demand for alcoholic beverages among millennials and a rise in consumer demand for premium/ high-quality alcoholic products. Moreover, easy access to a variety of alcoholic beverages in supermarkets and new product launches are some other factors that are driving segmental growth. For instance, in August 2022, Monster Beverage Corp. announced the launch of its first flavored malt beverage alcohol product. The new beverage is named ‘The Beast Unleashed’, which will be available in 16-ounce single-serve cans and a variety pack of 12-ounce sleek cans. The products will be available in four different flavors by December 2023 across the US.

Regional Outlooks

The global aluminum beverage cans market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is expected to hold a prominent share of the aluminum beverage cans market, owing to the increasing consumption of processed and packed beverages in the region. To cater to the demand key players are also investing heavily in establishing manufacturing plants for aluminum cans. For instance, in September 2021, Ball Corp. invested nearly $290 million to build an aluminum can factory on the outskirts of Las Vegas. The factory produces a variety of can sizes for different beverages, thus will drive the aluminum beverage cans market in the region.

Global Aluminum Beverage Cans Market Growth, by Region 2022-2028

The Asia-Pacific Region is Expected to Hold a Significant Share in the Global Aluminum Beverage Cans Market

Among all regions, the Asia-Pacific region is expected to hold a significant market share during the forecast period. The demand for the beverages industry is growing due to the rise in population and urbanization in the region, which in turn has increased the demand for beverage cans. According to the People’s Republic of China, State Council, sales of the country’s beverage increased by 8.2% in the 1st half of 2022. Furthermore, the retail sales of beverages reached around $21.9 billion by March 2022. Furthermore, an increase in disposable income, environmental concerns, and changing lifestyle choices are some other factors driving the regional market growth. 

Market Players Outlook

The major companies serving the global aluminum beverage cans market include Ardagh Group S.A., Ball Corp., Bangkok Can Manufacturing Co., Ltd., CAN-PACK SA, CPMC Holdings Ltd., Crown Holdings, Inc., Envases Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, Ball Corp. expanded its partnership with Sodexo Live to advance sustainability efforts in sports and entertainment through aluminum beverage packaging. Ball Corp. designed the lightweight recyclable aluminum cups to bring beverage packaging circularity to sports and entertainment venues in response to growing consumer preference for more sustainable products.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global aluminum beverage cans market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.