Global Aluminum Cans Market

Aluminum Cans Market Size, Share, Growth Analysis, By Product Type (into 1-piece Cans, 2-piece Cans), By Capacity, By End Use (Food, Beverages), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15G2028 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Aluminum Cans Market Dynamics

Aluminum Cans Market Driver

Growing awareness of ready-to-drink beverages

  • The ready-to-drink beverage industry has grown significantly in recent years due to factors such as the busy lifestyles of people, increasing urbanization, and access to new products. Aluminum cans are preferred for storage by beverage manufacturers because they allow for greater packing efficiency, lower shipping costs, and significant brand engagement benefits. Also, depending on the type of beverage, beverage manufacturers are likely to apply different coatings to metal cans to increase the shelf life of the product, which is expected to boost the aluminum can market during the forecast period.

Various advantages of aluminum cans

  • Aluminum cans production capacity is scalable, allowing manufacturers to alter their production capacities in response to variations in product demand from their end users, thereby increasing aluminum production. Aluminum cans have many advantages, including their ease of recycling, light weight, ability to extend the shelf life of food products, and adaptability to a wide range of applications. Aluminum cans are the most popular choice among food manufacturers because they have little or no carbon footprint. As a result, demand for the product in the end-user industry is very strong, which is expected to increase the global aluminum can market.

Aluminum Cans Market Restraint

Easy availability of alternative options

  • Aluminum cans market growth is expected to drive by the easy availability of low-cost aluminum cans, such as plastic, glass, and paper, as well as a significant increase in demand from end-user industries. Also, fluctuations in the cost of raw materials used to manufacture aluminum cans have a direct impact on the cost of the product. As a result, end users are looking for less expensive options that will help them reduce the cost of their end product.
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FAQs

Global Aluminum Cans Market size was valued at USD 57.23 billion in 2022 and is poised to grow from USD 60.2 billion in 2023 to USD 91 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

Global aluminum cans market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global aluminum cans market. 'Ball Corporation ', 'Crown Holdings, Inc. ', 'Ardagh Group S.A. ', 'Silgan Holdings Inc. ', 'CAN-PACK S.A. ', 'CCL Container Inc. (CCL Industries Inc.) ', 'Tecnocap Group ', 'Massilly Holding SAS ', 'CPMC Holdings Limited (COFCO Group) ', 'Saudi Arabia Packaging Industry WLL (SAPIN) ', 'Rexam PLC ', 'Envases Universales Group ', 'Daiwa Can Company ', 'Universal Can Corporation ', 'Toyo Seikan Group ', 'Hindalco Industries ', 'Greatview Aseptic Packaging ', 'Crown Asia-Pacific Holdings Ltd ', 'Anheuser-Busch Packaging Group'

The ready-to-drink beverage industry has grown significantly in recent years due to factors such as the busy lifestyles of people, increasing urbanization, and access to new products. Aluminum cans are preferred for storage by beverage manufacturers because they allow for greater packing efficiency, lower shipping costs, and significant brand engagement benefits. Also, depending on the type of beverage, beverage manufacturers are likely to apply different coatings to metal cans to increase the shelf life of the product, which is expected to boost the aluminum can market during the forecast period.

Efforts to reduce plastic pollution are increasing worldwide which is a major trend that driving the use of aluminum cans. Two of the key aspects driving the attention of food and beverage brands are the properties of aluminum to keep products fresh and their light weight. Over the years, manufacturers of countless products have exploited the potential of aluminum for packaging, so the demand for the aluminum cans market has increased.

On the basis of region, global aluminum cans market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. The North America region dominated the global market. Growing concerns about the use and consumption of sustainable packaging materials are driving the growth of the aluminum can market in the region. According to the World Aluminum Organization, in February 2021, 5.112 million metric tons of primary aluminum was produced worldwide and 312 million metric tons were produced in North America, helping to grow the region's aluminum industry. Also, the Beer Institute's 2021 report estimates that American brewers use 36 billion aluminum cans each year.

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Global Aluminum Cans Market

Report ID: SQMIG15G2028

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