Why Aluminium Cans are Great for Packaging of Beverages?
There is a huge growth seen in global aluminum beverage packaging market.The product types available are cans, kegs, barrel, bottle, drum, caps and closures. The cans segment is expected to corner the largest market share by end 2021 on account of the higher cost-effectiveness in packaging of beverages, high recycling rate, denser shipping opportunities when compared to plastic or glass beverage packaging.
A new report by market intelligence firm Research Nester titled 'Aluminium Beverage Packaging Market,' pointed out that growing urbanization, increasing disposable income of individuals and other factors have contributed to increasing demand for canned beverages.
#100% recyclable unlike other packaging materials such as single-use plastics and PET bottles, which can only be down-cycled and not fully recycled.
#Not susceptible to oxidation and protects the beverage from external light.
#Lowers carbon emissions to environment.
However, fluctuating prices of aluminium can pose challenges to aluminium beverage packaging.
Major players in this segment:
Ardagh Group S.A. (NYSE: ARD), Ball Corporation (NYSE: BLL), Crown Holdings, Inc. (NYSE: CCK), Amcor plc (NYSE: AMCR), COFCO Packaging Holdings Co., Ltd., Sonoco Products Company (NYSE: SON), Kian Joo Factory Berhad, Anheuser-Busch Companies, LLC, CANPACK Group, and Silgan Containers LLC (NASDAQ: SLGN).
More details : Aluminium Beverage Packaging Market