Aluminium cans and the shift in global beverage consumption patterns
The most common use of aluminium packaging is- beverage cans. Aluminium cans are now globally viewed as a sustainable and safe packaging option by consumers and manufacturers alike. Not only are they environmentally friendly, but they keep the beverage safe. It is also 100 per cent recyclable. Introducing BPA-free aluminium cans has also stimulated using these cans as chemical-free packaging
According to AlCircle’s “Global Aluminium Industry Outlook 2023,” global aluminium usage in packaging applications is estimated to be 14.7 million tonnes in 2022 and is forecast to reach 15.2 million tonnes by 2023, growing by about 3.3 per cent. Demand for aluminium in this sector was mainly driven by beverage cans, packaging foil and pharmaceutical packaging applications. Apart from the developed economies, the preference for aluminium beverage cans amongst developing countries is growing faster. Downgauging is a possible risk to the demand growth for aluminium in the packaging sector. However, this impact will vary across the regions.
In 2021, the Aluminum Association joined hands with Can Manufacturing Institute with an ambitious vision to achieve a 70 per cent recycling rate for aluminium cans in the United States by 2030. The rising demand in the FMCG industry is responsible for escalating the need for aluminium containers and packaging.
However, as promising as the numbers may be, a new impact of the post-Covid era lurks over the aluminium beverage can industry. How? The answer is shifting patterns of beverage consumption on a global scale. Remember the lockdown days when everyone was stocking up on food and beverages at home because stepping out was restricted? Well, that problem is in the past as the world recovers from the pandemic.
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