Aluminum Beverage Packaging Market

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Global Aluminum Beverage Packaging Market to Grow
on the Back of Rising Demand for Different Types
of Beverages Market to Grow with a CAGR of
4.05 During 2021-2030 Kenneth Research has
released a report titled Aluminum Beverage
Packaging Market Global Demand Analysis
Opportunity Outlook 2030 which also includes
some of the prominent market analyzing
parameters such as industry growth drivers,
restraints, supply and demand risk, along with
the impact of COVID-19 and a detailed discussion
on the latest trends and future opportunities
that are associated with the growth of the
market. Close to 240 Billion liters of packaged
alcoholic beverage was consumed worldwide in the
year 2020. Additionally, fruit vegetable juices
as well as carbonated soft drinks (CSD)
consumption in the same year, registered near
about 85 Billion liters and 210 Billion liters
respectively. Download Free Sample Reports Here
- https//www.kennethresearch.com/sample-request-
10352352 The statistics portray the growing
demand for different types of beverages
worldwide. Most of the beverage packaging cost
significantly high to the beverage manufacturers
and also contribute majorly to packaging wastes
due to the use of single-use packaging
materials. This, as a result, has raised the
necessity amongst the beverage manufacturers to
adopt eco-friendly and cost-effective packaging
solutions. Aluminum, which is known to have a high
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recyclability rate, is therefore widely preferred
amongst the beverage manufacturers as the metal
is not just environmentally friendly, but also
allows a greater canvas for product branding to
the beverage manufacturers. Such beneficial
properties of the metal is therefore expected to
drive the demand for aluminum beverage
packaging, and in turn, contribute to the growth
of the market in the coming years. The global
aluminum beverage packaging market is anticipated
to grow with a CAGR of 4.05 during the forecast
period, i.e., 2021-2030. The market is estimated
to garner a revenue of USD 84437.20 Million by
2030. Moreover, in the year 2020, the market
generated a revenue of USD 57158.22 Million. The
market is segmented by product type into cans,
barrels drums, caps closures, and others. By
the end of 2030, the market is projected to
garner the largest revenue of USD 63294.63
Million, up from a revenue of USD 41453.31
Million in the year 2020. By region, the global
aluminum beverage packaging market is segmented
into five major regions including North America,
Europe, Asia Pacific, Latin America and Middle
East Africa. The market in the Asia Pacific,
amongst the market in all the other regions, is
expected to generate the largest revenue of USD
38503.36 Million by the end of 2030, up from a
revenue of USD 23720.66 Million in the year
2020. The research is global in nature and
covers detailed analysis on the market in North
America (U.S., Canada), Europe (U.K., Germany,
France, Italy,
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Spain, Hungary, Belgium, Netherlands
Luxembourg, NORDIC Finland, Sweden, Norway,
Denmark, Poland, Turkey, Russia, Rest of
Europe), Latin America (Brazil, Mexico,
Argentina, Rest of Latin America), Asia-Pacific
(China, India, Japan, South Korea, Indonesia,
Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa
(Israel, GCC Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman, North Africa, South
Africa, Rest of Middle East and Africa). In
addition, analysis comprising market size, Y-O-Y
growth opportunity analysis, market players
competitive study, investment opportunities,
demand for future outlook etc. has also been
covered and displayed in the research
report. However, the fluctuating prices of
aluminum, and the rising concern for GHG emitted
during aluminum production are some of the major
factors predicted to hinder the growth of the
market in the coming years. This report also
provides the existing competitive scenario of
some of the key players of the global aluminum
beverage packaging market, which includes
company profiling of 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. The profiling
enfolds key information of the companies which
comprises of business overview, products and
services, key financials and recent news and
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developments. Conclusively, the report titled
Aluminum Beverage Packaging Market Global
Demand Analysis Opportunity Outlook 2030,
analyses the overall global aluminum beverage
packaging industry to help new entrants to
understand the details of the market. In
addition to that, this report also guides
existing players looking for expansion and major
investors looking for investment in the global
aluminum beverage packaging market in the near
future. Download Sample PDF of this Report -
https//www.kennethresearch.com/sample-request-103
52352 Kenneth Research is a leading service
provider for strategic market research and
consulting. We aim to provide unbiased,
unparalleled market insights and industry
analysis to help industries, conglomerates and
executives to take wise decisions for their
future marketing strategy, expansion and
investment, etc. We believe every business can
expand to its new horizon, provided a right
guidance at a right time is available through
strategic minds. Our out of box thinking helps
our clients to take wise decision so as to avoid
future uncertainties.
Contact for more Info AJ Daniel Email
sales_at_kennethresearch.com U.S. Phone [phone]
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