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Showing posts with the label Aluminum Beverage Can Market Trend

India Aluminum Beverage Can Market Segments and Key Trends by 2025

Increasing demand and consumption of energy and sports drinks is one of the key factors driving market growth. The India Aluminum Beverage Can Market size is projected to reach USD 457.4 million by 2025 at a CAGR of 10.7%, according to a new report by Grand View Research, Inc. Aluminum beverage cans are containers used to hold alcoholic beverages, soft drinks, and energy drinks among others. Aluminum sheet coil is the key raw material used in the manufacturing of aluminum beverage cans and it is one of the finest value-added downstream products in the entire aluminum value chain. Therefore, prices of aluminum sheet coil depend on Aluminum London Metal Exchange (LME) prices as well as premiums (above LME) charged, which includes conversion cost and profit margins at each stage of the value chain. The alcoholic beverages application segment emerged as the largest in 2017, with a market share of 58.8% in terms of volume. The segment is expected to register a healthy volume-