Energy Drink Demand Fuels Aluminum Can Growth as Beer Sales Slip -- Market Talk
Dow Jones
Jun 24, 2025
1440 ET - Aluminum cans are still gaining share and outperforming other packaging materials, Jefferies analysts say in a research note. "While aluminum tariffs could push the cost of a can higher, the data shows a consistent trend of cans taking share even during stretches when aluminum prices rise," they write. Cans are benefiting largely from accelerating demand for energy drinks, as well as continued strength for carbonated soft drinks, the analysts say. These gains are offsetting weaker alcohol sales. U.S. beer volumes for the two-week period spanning Memorial Day dropped materially from last year, the analysts noted, citing cold and rainy weather. (connor.hart@wsj.com)
(END) Dow Jones Newswires
June 23, 2025 14:40 ET (18:40 GMT)
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