Aluminum Beverage Packaging Cans Industry Set for Steady Growth Through 2035

The global aluminum beverage cans market is experiencing robust growth, driven by increasing consumer demand for sustainable, lightweight, and recyclable packaging solutions. The global aluminum beverage packaging cans market was valued at USD 36.2 billion in 2024 and is projected to grow from USD 37.3 billion in 2025 to USD 50 billion by 2035. This reflects a compound annual growth rate (CAGR) of 3.0% during the forecast period (2025–2035).

Market Dynamics

Consumer Preference for Sustainability

Aluminum cans are favored for their recyclability and environmental benefits. In 2023, the global recycling rate for aluminum cans reached 69%, significantly higher than that of plastic bottles (20%). This preference aligns with the growing consumer inclination towards eco-friendly products.

Growth in Ready-to-Drink (RTD) Beverages

The RTD beverage sector, encompassing products like energy drinks, iced teas, and flavored waters, is expanding rapidly. In the U.S., the RTD market grew by 9.3% in 2023, with canned formats accounting for over 65% of new product launches.

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Regional Market Trends

North America: Dominated the global market in 2023, with significant consumption of soft drinks and beer. The U.S. aluminum beverage can market is expected to reach USD 28.1 billion by 2025, growing at a CAGR of 2.88%.

Asia-Pacific: Anticipated to witness the fastest growth during the forecast period, driven by urbanization and changing consumer lifestyles.

Impact of Tariffs

Recent U.S. tariffs on aluminum imports have increased costs for beverage companies. However, manufacturers like Ball Corporation, which utilize domestically sourced recycled aluminum, are less affected by these tariffs.

Key Companies in the Global Aluminum Beverage Packaging Cans Market include:

• Hindalco Industries

• Hapa Group

• Daiwa Can Company

• CanPack

• Global Beverage Packaging Company

• Graham Packaging Company

• Novelis

• Trivium Packaging

• Shawcor

• Crown Holdings

• Ball Corporation

• Rexam

• Stolle Machinery Company

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Market Segmentation

• By Size: The 330ml–500ml cans segment holds a significant market share, catering to the majority of consumer preferences.
• By Application: Carbonated soft drinks are the leading segment, accounting for over 50% of the market share.
• By Material: Aluminum cans dominate the market due to their lightweight nature and superior recyclability compared to steel cans.

Conclusion

The aluminum beverage cans market is poised for continued growth, driven by sustainability trends, increased demand for RTD beverages, and regional market dynamics. While challenges like tariff-induced cost increases exist, the industry's adaptability and consumer preference for eco-friendly packaging solutions position it for long-term success.

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