Aluminum Beverage Packaging Market

Aluminum Beverage Packaging Market Segmentation by Product Type [Aluminum Cans (2-piece, and 3-piece), Kegs, Barrel, Bottle, Drum, Caps & Closures (Pull-Tab, Screw-Top, and Others), and Others]; by Solution (Aluminum Beverage Containers, and OEM Packaging Services) – Global Demand Analysis and Opportunity Outlook 2029

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Report ID: 2881 | Published On: Dec 08, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


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Global Aluminum Beverage Packaging Market Growth Highlights 2020-2029

The global aluminum beverage packaging market is anticipated to grow with a notable CAGR during the forecast period, i.e., 2021-2029. Factors such as the growing demand for sustainable packaging solutions, increasing awareness for green & eco-friendly packaging, increasing adoption of metal packaging, along with the high recyclable rates of aluminum are some of the major factors anticipated to drive the growth of the global aluminum beverage packaging market.


Introduction to Aluminum Beverage Packaging

Aluminum beverage packaging refers to all the packaging elements made up of different grades of aluminum in the beverage industry. These packaging elements include the manufacturing and sourcing of aluminum beverage containers of varied shapes and sizes or packaging services for the beverage manufacturers. Aluminum packaging in the beverage industry is primarily used to package alcoholic or non-alcoholic beverages as this type of packaging acts as exceptional barriers against air, moisture, and light.


Market Size and Forecast

The global aluminum beverage packaging market is thriving on account of the growing number of health-conscious consumers who are highly aware of the negative health effects caused due to the manufacturing of the beverage from other packaging materials, along with the numerous benefits associated with the use of aluminum in the packaging of beverages. Aluminum possesses excellent preservative properties which help to protect the food content inside the aluminum container, and also helps to ensure longer shelf life. Moreover, aluminum possesses high structural integrity and hence, it helps the beverage manufacturers to opt for denser shipping, which further helps to reduce their transportation cost.

The global aluminum beverage packaging market is segmented on the basis of product type into aluminum cans, kegs, barrel, bottle, drum, caps & closures, and others. Amongst these segments, the aluminum cans segment is projected to grab the largest market share by the end of 2021. The growth of the segment can be attributed to the high cost-effectiveness of aluminum cans in the packaging of beverages. Initially, aluminum cans were widely used in beer packaging, and hence, aluminum cans were also known as beer cans. With the advent of time, aluminum cans were also used to pack carbonated drink manufacturers and other non-alcoholic and alcoholic drinks. Aluminum cans are usually manufactured using different grades of aluminum. The most common grade used to manufacture the can body is aluminum 3004 alloy (also known as Al 3004 alloy, or AA3004), or aluminum 3104-H19 alloy (also known as Al 3104-H19 alloy, UNS A93104, or AA3104-H19). The cap or closure of the aluminum can is usually manufactured using aluminum 5182 alloy (also known as Al 5182 alloy or AA5182). Technically, aluminum cans are manufactured using the industrial regulatory standard GOST R 51756-2001 protocols. Aluminum cans are designed to withstand carbonation pressures of up to 90 pounds per square inch and hence it is widely preferred to package soda. CLICK TO DOWNLOAD SAMPLE REPORT

Benefits-of-Aluminum-Cans

The aluminum cans segment is further bifurcated into 2-piece and 3-piece. Out of these segments, the 2-piece aluminum can segment is anticipated to hold the largest market share by the end of 2029. Further, according to Research Nester’s analysis, the global aluminum cans market is anticipated to grow with a CAGR of around 4% during the forecast period 2019-2024 and further cross USD 56 billion by 2024.

Global-Aluminum-Beverage-Packaging-Market


Benefits-of-Aluminum-Cans
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Growth Drivers

Growing Concern for the Environment to Drive the Growth of the Global Aluminum Beverage Packaging Market

According to the statistics by the United States Environmental Protection Agency (EPA), total landfills caused by plastic containers and packaging municipal solid waste (MSW) in the United States increased from 120 thousands of U.S. tons in the year 1960 to 10,090 thousands of U.S. tons in the year 2018.

Total-Plastic-Containers-and-Packaging-MSW-Landfills

Beverage packaging is done either by using metal packaging materials or by using polyethylene terephthalate (PET). One of the major drawbacks of single-use plastics is the non-biodegradable nature, which as a result takes centuries to decay. Further, PET bottles that are used for packaging beverages are known to be susceptible to oxidation, and hence cannot be used to store alcoholic beverages. Moreover, PET bottles are also known to contribute to the increasing landfills as these plastics can only be down-cycled and cannot be recycled in whole unlike aluminum, which can be recycled in total. This as a result is raising the need amongst the manufacturers in the beverages industry to prefer sustainable packaging methods, such as aluminum beverage containers for packaging different beverages. Moreover, increasing awareness amongst the end-users for the benefits of aluminum packaging, coupled with the stringent government norms for regulating the use of plastics, are some of the additional factors anticipated to drive the market growth. For instance, in May 2019, one of the subsidiaries of Aditya Birla Group, Hindalco Industries Ltd., announced a partnership with leading aluminum can manufacturers, Can-Pack India Pvt. Ltd., and Ball Beverage Packaging (India) Pvt. Ltd., to form a consortium called the Aluminium Beverages Can Association of India (ABCAI) which is aimed to build sustainable aluminum beverage packaging practices, raise awareness for the benefits of aluminum beverage can packaging, and increase the annual per capita beverage can consumption to 8 cans from 1 can by the end of 2030.

Restraints

Fluctuating Prices of Aluminum to Hamper the Market Growth

Over the past few decades, the price of aluminum has differed significantly. As a result, this has impacted the overall manufacturing cost of the aluminum beverage container manufacturers, thereafter raising the cost of the aluminum container. Such a factor is therefore anticipated to hamper the market growth in the coming years.


Market Segmentation

Our in-depth analysis of the global aluminum beverage packaging market includes the following segments:

By Product Type

  • Aluminum Cans
    • 2-piece
    • 3-piece
  • Kegs
  • Barrel
  • Bottle
  • Drum
  • Caps & Closures
    • Pull-Tab
    • Screw-Top
    • Others
  • Others

By Solution

  • Aluminum Beverage Containers
  • OEM Packaging Services

By Region

On the basis of regional analysis, the global aluminum beverage packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions. The market for aluminum beverage packaging in the Asia Pacific is estimated to register the largest market share by the end of 2021 owing to the presence of nations, such as China, India, Japan, Korea, and others, who are the leading manufacturers of primary aluminum. Moreover, shifting preferences for canned beverages amongst the health-conscious consumers in the region is also anticipated to drive market growth in the coming years in the Asia Pacific region. Alternatively, the market in North America is projected to have a significant market share on account of the growing demand for different type of beverages in the nations, such as the United States, along with the presence of numerous key beverage manufacturers in the region, such as The Coca-Cola Company, PepsiCo, Inc., Anheuser-Busch Companies, LLC, Nestle Group, Heineken Brouwerijen B.V., and others, who are focused on enhancing their eco-friendly brand image to further promote their beverage products. Moreover, increasing use of screw-top aluminum beverage bottles for packaging different beverages on the back of the growing need for innovative packaging solutions amongst beverage manufacturers, along with the increasing number of OEM packaging services providers in the region are some of the significant factors anticipated to contribute to the growth of the market in North America.

The global aluminum beverage packaging market is further classified on the basis of region as follows:

  • North America (US, Mexico and Canada) Market size, Y-O-Y growth and Opportunity analysis.
  • Europe (Germany, France, Italy, Belgium, Spain, UK, Russia, Netherlands and Other parts of Europe) Market size, Y-O-Y growth and Opportunity analysis.
  • Asia Pacific (Japan, India, China, Malaysia, Australia, Indonesia, Thailand and rest of Asia Pacific) Market size, Y-O-Y growth and Opportunity analysis.
  • Latin America (Argentina, Brazil and rest of Latin America) Market size, Y-O-Y growth and Opportunity analysis.
  • Middle East & Africa (Saudi Arabia, Egypt, United Arab Emirates and South Africa) Market size, Y-O-Y growth and Opportunity analysis.


Global-Aluminum-Beverage-Packaging-Market

Key Questions Answered in the Report

1) What are the major factors driving the growth of the aluminum beverage packaging market?

Ans: Growing demand for sustainable packaging solutions, increasing awareness for green & eco-friendly packaging, and increasing adoption of metal packaging, are some of the major factors driving the market growth.

2) What would be the CAGR of aluminum beverage packaging market over the forecast period?

Ans: The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the aluminum beverage packaging market growth?

Ans: The fluctuating prices of aluminum, which hampers the end product cost, is one of the major factors estimated to act as barriers to the growth of the market.

4) Which region will provide more business opportunities for growth of aluminum beverage packaging market in future?

Ans: The market in North America is projected to hold a significant market share by the end of 2029 and display significant business opportunities, backed by the presence of key beverage manufacturers in the region.

5) Who are the major players dominating the aluminum beverage packaging market?

Ans: The major companies in the market are Ardagh Group S.A., Ball Corporation, Crown Holdings, Inc., Amcor plc, COFCO Packaging Holdings Co., Ltd., Sonoco Products Company, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from segments, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) Which region is anticipated to hold the dominating share in the aluminum beverage packaging market?

Ans: The market in the Asia Pacific is anticipated to hold the dominating share by the end of 2021 on account of the presence of countries, such as China, India, and others, who are leading producers of primary aluminum.

8) What are the segments in the aluminum beverage packaging market?

Ans: The aluminum beverage packaging market is segmented by product type, solution, and by region.

8) Which segment under product type segment is projected to hold the dominating share in the aluminum beverage packaging market?

Ans: The aluminum cans segment, which is a sub-segment of the product type segment, is projected to hold the dominating share by the end of 2021 owing to the high cost-effectiveness of aluminum cans in the packaging of beverages.

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