Aluminium Cup Market

Aluminium Cup Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Aluminium Cup Market Overview

According to the latest study by FMI, aluminium cup market is expected to show higher single digit CAGR growth over the projected forecast period. Sizeable increase in number of consumers opting for plastic alternatives has provided positive outlook to the industry. Moreover, constant demand for cups from packaging industry has bolstered the demand and sales of cups with a prospect of growing at a CAGR of around ~7% over the next ten years.

What is Driving Demand for Aluminium Cup?

Innovation and sustainability today is at the forefront of every business, from fashion and packaging to chemicals and pharmaceuticals. Constant demand to cut carbon footprint is compelling businesses to adapt sustainable practices.

Since plastic still holds major share in packaging and cups market, there is an ever increasing demand to increase the production of alternative materials. Aluminium being 100% recyclable has been identified as a major alternative to plastic cups. Also temperature control characteristic of aluminium helps keeping the beverages cool for a longer period of time, thus consumers are preferring aluminium cups over plastics ones.

Moreover, these cups are washable and reusable which saves the cost of purchase for every occasion. Also, aluminium cups being durable and shatter proof can be used for multipurpose such as camping, birthdays, pool parties and several other occasions.

Apart from above mentioned factors, incredible sustainability credentials of aluminium has positioned it well in the market with prospects of growing at a steady pace over the forecast period.

Sustainable Characteristics Identified as Major Factor Propelling the Demand of Aluminium Cup

Aluminium cup has shown significant improvement in terms of recycling rates and replacement for plastics. For instance, in Europe around ~75% of the aluminium gets recycled counter to ~40% of the plastics. Also it has been estimated that around ~75% of the aluminium ever produced are still in used today.

Additionally, aluminium cups can be recycled number of times without it losing the desirable qualities. Also, based on these qualities eco-conscious consumers are increasingly opting for cup made from aluminium, providing an uptick growth to demand globally.

Apart from being eco-friendly, these cups are made with BPA free and lead free materials without using phthalates which ensures that cups does not have any negative impact on the health of consumers.

Owing to the above factors, aluminium made cups has been identified as a major alternative to plastic cups, which not only protects the environment through its sustainable characteristics but also ensures to provide consumers with ecstatic experience.

Europe Aluminium Cup Market Outlook

Europe has established itself as leader in sustainable practices, shifting its approaches, drafting laws to tackle the climate issues. Europe has committed itself towards the implementation of 2030 sustainable agenda which would establish the region at the forefront of sustainable practice.

Additionally, Europe consumers are more eco-conscious when it comes to purchase consumer goods. For instance, around ~60% of the consumers in UK and Germany said to have bought products with eco-friendly packaging. Also aluminium recycling rates is one of the highest in Europe, with around 80% of aluminium cans and cups being recycled.

Moreover, market players are constantly trying to establish their production plants in Europe in order to penetrate the market in an effective way.

Constant innovation and increasing awareness among consumers regarding the positive impact of aluminium cups is projected to drive the demand and sales of cups in Europe.

North America Aluminium Cup Market Outlook

Over the past half-decade there has been a rise in trend among young consumers to opt for sustainable products. Cups made from aluminium has provided consumers in the region with an alternative to the plastics and increase in consumption pattern can be seen.

Additionally, recent surveys have found that consumers in North America are ready to pay more for sustainable products which have least negative impact on the environment. Also, high disposable income in the region has added to the increased consumption of cups.

Moreover, the region has some prominent players that are continuously involved in innovation, making product as per the consumers need. All these stated factors along with increased in outdoor activities such as pool parties and sports activities is projected to propel the growth in demand and sales of cups.

Who are the Key Manufacturers and Suppliers of Aluminium Cup?

Some of the key prominent players in the industry includes

Aforementioned players are involved in organic growth strategies such as product launches, innovation and capacity expansion.

  • For instance, in February 2021, major aerosol can maker CCL announced launching of aluminium drinking cups in order to expand its ecofriendly product line up. The cup is purely made from aluminium with recycling potential.
  • A leading cup manufacturer Ball in October 2020 announced opening of production capacity in Rome, Gerogia. The plant will further increase the capacity further above the current production capacity which stands at 450Mn cups per year.

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 an 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.

Aluminium Cup Market Report Highlights:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments

By Product Type:

  • Baking Cups
  • Tea Cups
  • Beverage Cups
  • Chocolate Cups
  • Jam Cups

By Capacity:

  • 100ml-200ml
  • 200ml-300ml
  • 300ml-400ml
  • 400ml-500ml
  • 500ml-600ml

By Application:

  • Baking
  • Holding
  • Packaging

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

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Aluminium Cup Market