Aluminum beverage cans have high demand from alcoholic beverages which is expected to drive growth of the global aluminum beverage cans market significantly during the forecast period.
The global aluminum beverage cans market report has been segmented on the basis of application and region.
On the basis of application, the global aluminum beverage cans market has been segmented into carbonated soft drinks, alcoholic beverages, and fruit & vegetable juices. The alcoholic beverages segment is expected to account for significant share in the global aluminum beverage cans market in terms of revenue. In addition, this segment is also anticipated to register fastest growth over the forecast period. The market also witnessed huge demand for fruit & vegetable juices due to increasing concerns regarding personal health. In addition, demand for juice bottles is growing owing to changing drinking preferences of middle and high-income group customers.
On the basis of region, the global aluminum beverage cans market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Market in North America is estimated to account for major revenue share in the global aluminum beverage cans market, owing to increasing demand for healthy beverages such as iced tea, fruit & vegetable juices, and cold coffee in the countries in the region. Rising demand for product in production of health & sports drinks such as Red Bull, Monster, and Gatorade is also expected to propel growth positively. The aluminum beverage cans market in Asia Pacific is projected to register fastest growth in terms of revenue in the next ten years.
Key players operating in the global market include Ball Corporation, Orora Packaging Australia Pty Ltd., The Olayan Group, Crown Holdings Inc., Ardagh Group, Can Pack S.A., CPMC Holdings Limited, Bangkok Can Manufacturer Co. Ltd., Nampak Bevcan Limited., and Mahmood Saeed Beverage Cans & Ends Industry Company Limited.