India Aluminum Beverage Can Market Is Projected To Bring In $457.4 Million By 2025: Grand View Research, Inc.

India Aluminum Beverage Can Market Is Projected To Bring In $457.4 Million By 2025: Grand View Research, Inc.

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According to report published by Grand View Research, Increasing demand and consumption of energy and sports drinks is one of the key factors driving India Aluminum Beverage Can market growth.

According to a report, “India Aluminum Beverage Can Market Size, Share & Trends Analysis Report By Region, By Application (Carbonated Soft Drinks (CSD), Alcoholic Beverages), And Segment Forecasts, 2019 – 2025“, published by Grand View Research, Inc., The India aluminum beverage can market size is projected to reach USD 457.4 million by 2025 at a CAGR of 10.7%; 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-based CAGR of 7.6% over the forecast period. One of the major factors driving the segment in the last decade has been increasing sale of beer (in aluminum beverage cans) through off-premise retail channels such as grocery, mass merchandisers, and convenience stores.

 Key Takeaways from the report:

  • In terms of revenue, the India aluminum beverage packaging market size is anticipated to reach USD 457.4 million by 2025, at a CAGR of 10.7% from 2017 to 2025

  • In terms of volume, the alcoholic beverages application segment is expected to witness steady growth over the forecast period, owing to rising popularity of on-the-go alcohol options

  • West India dominated the market in terms of revenue, with a market share of 31.4% in 2017, owing to increasing consumption of energy and sports drinks. This can be attributed to high performance of the tourism industry in the region

  • The competitive landscape of the India aluminum beverage can packaging market depicts a highly consolidated outlook, with major players being BALL CORPORATION and CAN-PACK S.A.

These stores have been featuring more canned beer offerings than those offered by bars and restaurants (on-premise retailing). Despite the presence of a large consumer base, the Indian beer industry has been witnessing lower levels of beer consumption, which can be attributed to restrictions on the supply of beer (alcohol) in certain states of the country.

West India aluminum beverage can market volume, by application, 2014 - 2025 (Million Cans)

 

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India aluminum beverage can market share, by application, 2017 (%)

Heavy influx of international and domestic tourists in Goa and Maharashtra has created a massive potential for craft beer market in western India. This is backed by increasing popularity of craft beer owing to its unique taste and inclusion of healthy ingredients. Aggressive expansion of major beer brands has offered an opportunity for aluminum beverage can manufacturers to increase their scale of operation in the western part of India. However, the alcoholic beverages segment is restrained by increasing restrictions on the sale and consumption of alcohol in this region.

Grand View Research has segmented the India aluminum beverage can market on the basis of application and region:

India Aluminum Beverage Can Application Outlook (Volume, Million Cans; Revenue, USD Million, 2014 – 2025)

  • Carbonated Soft Drinks (CSD)

  • Alcoholic Beverages

  • Others

India Aluminum Beverage Can Regional Outlook (Volume, Million Cans; Revenue, USD Million, 2014 – 2025)

  • North & Central

  • South

  • West

  • East

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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