The aluminum pie pan market is surging again, according to a new report by the U.S. aluminum company Bonnell Aluminum, which said it had seen a sharp rise in the number of aluminum water bottles being sold.
The new numbers came from a survey of more than 1,400 customers, which the company said represents more than 60 percent of its volume in the market.
The survey, the company noted, shows the market is growing quickly despite a drop in sales of aluminum-based bottles.
It’s a trend that may not be unexpected given the continued rise in demand for aluminum, according Dan Zeller, vice president of Bonnell’s aluminum products and services group.
“It’s always been there, but we’ve seen the price drop,” he said.
“The price of aluminum has been trending lower, but with the market trending lower as well, you’ve seen a spike in sales.”
The rise in sales could be due to a combination of two factors: A surge in aluminum-related product demand and increased demand for non-alcoholic beverage products such as bottled water.
The two trends may have been driving up the price of the water bottles that consumers are buying, Zeller said.
Bonnell’s market share for the aluminum pie is up by nearly 20 percent in the past two years.
The company currently sells more than 8 million aluminum pie products annually.
The market for nonalcoholic beverages rose 11.9 percent to more than 3.7 million in the third quarter, according the U