Aluminium Bottle Market Overview
According to latest research by FMI, aluminium bottle market is anticipated to expand at 8.7% CAGR during 2021-2031. Demand for these bottles is anticipated to witness steady recovery in short-term, with optimistic growth outlook in the long-run. With the growing awareness towards plastic pollution several bottle manufacturers already started adopting aluminium as a raw material instead of plastic.
What is Driving Demand for Aluminium Bottle?
The fluctuations in the price of petrochemical products across the globe have led many companies to seek alternative solutions for plastic bottles. Therefore, it is expected that the demand for metal bottles will be high in the next few years not only because they look better but also environmentally friendly which can be 100% recyclable.
So far, products made of plastic are considered a kind of waste, which causes severe damage to the ocean life. Approximately half of the plastic pollute submerged under the ocean across the globe in which plastic bottle also have a great contribution. Thousands of seabirds, turtles and other marine mammals are die ingesting plastic or getting entangles in it.
Whereas, aluminium causes no damage to the environment. Major participants in beverage manufacturing companies are testing the concept of aluminium water bottle, which are mainly used in stadiums and restaurants.
Consumer Preference towards Packaged Beverages Likely to Augment Aluminium Bottle Sales
Growing younger population with better disposable income than the elders are more inclined towards healthier lifestyles and preferring non plastic products in daily routines. It is anticipated to provide push to the aluminum storage material sales over long-run forecast period. The chemical properties of aluminium packaging, such as rapid cooling and air-tight sealing, distinguish them from other materials in the same category.
The application of these bottles in the packaging of alcoholic and non-alcoholic beverages has shown a huge growth; although the price of beverages stored in aluminium is bit higher than the plastic one but the increase in people's disposable income has led them to spend money on healthier items to maintain a healthy lifestyle.
By looking into the consumer response aluminum manufacturers are focusing to capture more market share by offering competitive price with less profit margin.
US and Canada Aluminium Bottle Market Outlook
US is one of the largest business hub for insulated bottles globally. The US aluminium bottles market set to witness a substantial growth during the assessment period 2021-2031 with a CAGR 6.2%.
The adult population of the country believes in modern lifestyles and consume health drinks and beer in daily basis which lead to increase the demand for metal cans and containers. More than 80% of the adult population and 35% of the population over 35 years of age consume beer and health drinks in everyday basis in US which is an advantages for the manufacturers to promote more aluminium bottle based beverages thereby sales.
Additionally, Canada is one of the leading producer of aluminium, the country produced over 3.1 million MT of aluminium in 2020. The country is a prominent supplier of imported aluminium for the US, in 2020 almost half of the total aluminium imported by US was from Canada.
If we look back into the history aluminium bottle made by impact extrusion was introduced in North American beverages market in 2001. The initiatives was taken by Coca-Cola in collaboration one of the world’s largest producer of impact-extruded aluminium packaging. The aim was to adopt an eco-friendly alternative for plastic bottle. Since then it has been adopted by several beverages manufacturers across North America.
Europe Demand Outlook for Aluminium Bottle
Europe is one of the most prominent region for aluminium bottle sales, the countries including Germany, France, Italy, Spain and UK are witnessing for the regional market growth. Over 538 million consumer across Europe use aluminium cans and containers based beverage packaging. Countries such as Russia and Norway are the prominent producers of aluminium in Europe which relates that the region is sufficient in terms of aluminium production.
Additionally, Europe is the region known for highest production of wines. Number of renounced wine manufacturers are from Europe, especially Italy, France and Spain are the top manufacturers of wine. Wine is considered as one of the most luxurious and sophisticated drinks across the region. So, the wine manufactured in Europe predominately export across the globe.
The manufacturers across Europe always prefer aluminium in case of bottle wine which provide better environmental performance and prevent wine spoilage. In addition, the aluminium has the maximum transport efficiency than glass bottle and PET bottle which reduce the loss during transportation and shipment.
Who are the Key Manufacturers and Suppliers of Aluminium Bottle?
Some of the leading manufacturers and suppliers of these bottles include
- Ardagh Group S.A
- CCL Container
- Zhejiang Cosme Packaging Co. Ltd
- BALL CORPORATION
- Unison Kudos
- Envases Group
- Exal Corporation
- Tecnocap S.p.A
Many leading manufacturers and suppliers have longstanding contracts with beverages companies to supply metal cans. Manufacturers mostly targeting the liquor manufactures such as beer and wine because even if the packaging cost is high those products sales will not hamper.
A huge consumer base are there across the globe for wine and beer. Moreover, light weight bottle beverages demand increasing the requirement for aluminium for juice, milkshake and other drinks storage and preservation.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
- 25 ml - 50 ml
- 51 ml - 100 ml
- 101 ml - 250 ml
- 251 ml - 500 ml
- 501 ml - 750 ml
- >750 ml
- Elliptic shaped
By Product Type:
- Continuous Aluminium Bottle
- Long Aluminium Bottle
- Short Aluminium Bottle
- Consumer Goods
- Cosmetic & Personal Care
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia Oceania
- New Zealand
- Rest of SAO
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA