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 Insights

Aluminum Cans Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 5.39% during the forecast period (2025-2032).

Aluminum cans are typically light in weight, strong, inexpensive, easy to handle, and highly resistant to corrosion and provide exceptional barriers against light, air, and moisture. They are also perfect extenders of product shelf life, providing an ideal canvas for decoration and product branding. Aluminum cans have been extensively used for packaging in the food and beverage industry. It is considered an easy method of transporting food and beverages for long periods of time without compromising the quality and taste of the product. The objective of using aluminum cans for food and beverage packaging is to ensure that the packaging material is lightweight and inexpensive. The hotel industry makes extensive use of aluminum cans as various items are outsourced to customers from this industry. Aluminum beverage cans have one of the highest recycling rates of any beverage container. With increasing awareness of recycling among manufacturers, governments, and consumers, specialty recycling bins are in high demand in both developed and emerging nations. Aluminum cans are favoured not only for their high recycling rates but also because they generate 90% less energy and 90% fewer greenhouse gases for recycling.

The rapid change in people's lifestyles, rapid urbanization, and new product launches are also expected to drive the growth of aluminum cans during the forecast period. Also, with rapid technological innovations, such as the introduction of BPA-free aluminum cans and increasing environmental concerns, consumers are becoming more aware of the use of plastics and are likely to expand growth opportunities in the market. However, the easy availability of alternatives such as packaging made of materials including PET and glass is expected to hamper the growth of the aluminum cans market during the forecast period, while various disadvantages of aluminum cans may challenge the growth of market. 

US Aluminum Cans Market is poised to grow at a sustainable CAGR for the next forecast year.

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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

$5,300
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