Aluminium cans are one of the most popular containers used in beverage packaging. In fact, they are one of the only types that can be 100% recycled to create new cans. That is used in the beverage industry as a container for soft drinks, beer, and other canned drinks. The aluminum cans are often made of thin metal that is rolled or drawn into shape. Aluminum cans have been used as a container for beverages but recently they have been getting a lot of attention due to their eco-friendly properties. They are made from aluminum which is 100% recyclable, making it environmentally friendly. And because it is not made of glass or plastic, there is no chance that it will leak or break and contaminate anything around it.
Aluminum is a metal that is very light and durable, which makes it perfect for packaging products. The demand for aluminium cans has been booming in the market, as more people are becoming environmentally conscious and realize how much of a waste plastic is. Aluminum cans are so easy to recycle and can be recycled time and time again while still maintaining its original quality.
Uses and Application of Aluminium Cans For Beverages
Aluminium is one of the most common types of metal used in beverage cans. Aluminium has a lower melting point, making it easier and cheaper to manufacture. Aluminium also doesn't rust or corrode in water, so there are no internal coatings that need to be applied.
Aluminium can be recycled an infinite number of times, which means it can be made into many new products like cars, kitchenware and drink containers. Recycling aluminium uses 95% less energy than producing new aluminum from raw materials does.
Recycling aluminium requires melting it down and then casting it into new shapes. This process saves energy and also reduces greenhouse gas emissions that would otherwise come from mining bauxite ore. It takes about 95% less energy to recycle aluminium cans than it does to produce them from scratch. For this reason, many countries have set targets for how much of their discarded aluminium should be recycled instead of buried in landfill sites. The cans provide an airtight seal that prevents the beverage from contact with oxygen, preserving its flavor and prolonging its shelf life. Aluminum has low reactivity with food products.
Aluminum is lightweight, inexpensive, and recyclable which makes it popular in manufacturing industries worldwide. Aluminum can be recycled through recycling centers or by being crushed into aluminum flakes which can then be reused in other forms of aluminum products such as windows, construction materials, car parts, etc.
Indian Market Outlook
The demand for aluminium cans was estimated to grow between 3.7 – 4 per cent, and that in the next five years by some 4 – 3.6 per cent CAGR. Along with the demand, the value of the market, as of 2018, was US$52.21 billion, and by 2024 to reach US$60.63 billion, registering a CAGR of 2.23% over the forecast period. Aluminium cans are the most popular packaging option in India. The demand is largely driven by the fast-moving consumer goods industry and is expected to grow at an annual rate of 5% over the next five years. Aluminum cans are popular in India as they can be recycled, reused, and repurposed. They are light weight and easy to transport which makes them the most preferred beverage packaging material.
Global Market Outlook
The global beverage cans market size was USD 25.31 billion in 2019 and is projected to reach USD 36.59 billion by 2027, exhibiting a CAGR of 4.7% during the forecast period. Beverage cans are metal containers designed to hold fixed amounts of liquid beverages such as alcoholic drinks, carbonated beverages, tea, fruit juices, energy drinks, and others. The cans are either manufactured using aluminum or steel and are highly recyclable. The cans are witnessing increasing demand from beverage manufacturers owing to their sustainability and recyclability without degradation in the quality. Changing lifestyle choices and rise in disposable income are other factors driving the demand. Furthermore, increasing acceptance of alcoholic beverages in the conservative and orthodox countries will further boost the growth of this market.
Conclusion
The Aluminium Cans for Beverages industry has seen strong growth in recent years. Demand has been largely driven by the shift from glass to cans as a packaging material. The rise in popularity of canned beverages, such as soft drinks, has also stimulated demand. Further, there have been technological developments that have helped reduce the costs of production and make them more widely available. These factors are expected to drive revenue growth at an annualized rate of 8% over the next five years to $250 million in 2023.
Key Players
· Crown Holdings Inc.
· CCL Industries Inc.
· CPMC Holdings Inc.
· Ball Corporation
· Ardagh Group S.A.
· Silgan Containers LLC
· Toyo Seikan Co., Ltd.
· Nampak Ltd.
