Aluminum Cans Market Expected to Grow at 4.3% CAGR, Led by North America | Maximize Market Research

Growing Demand for Sustainable Solutions to Drive the Growth of Aluminum Cans Market

The Global Aluminum Cans Market Size is expected to grow at a powerful pace over the next few years, And the Aluminum Cans Market, was valued at USD 57.85 Billion in 2023, and is projected to reach a value of USD 77.68 Billion by the end of 2030, We expect with the CAGR of over 4.3% during the forecast period. A major the driving factor contributing to market growth is the rising demand for recyclable packaging solutions that are sustainable, lighter in weight, and can be recycled an infinite number of times. Increased environmental sustainability awareness and rising regulations on single-use plastics have also driven the further adoption of aluminum cans in various sectors.

Drivers and Opportunities for Market Development

The global aluminium cans market has been through significant growth owing to the concerns regarding plastic waste, growing demand for sustainable packaging, and advancements in can production technologies. There is never a silver bullet answer to these type of questions but there are a few reasons why the market is growing:

Sustainability and circular economy: Aluminum cans are 100% recyclable, with recycling requiring far less energy than the production of primary aluminum. As a result, they have become a popular choice for brand looking to lower their carbon footprint.

The demand for aluminum cans is on the rise, especially within the carbonated soft drinks, energy drinks, alcoholic beverages, and ready-to-drink (RTD) coffee and tea sectors. Filling the flame is the growth of canned cocktails and craft beer.

Health & Safety Benefits : Aluminum cans offer superior barriers to light and oxygen, ensuring the freshness and taste of the beverage while preventing contamination. Such packages are safe and reliable even when you pack consummate.

Technological Innovations: Manufacturers are now able to provide high-quality, low-cost, and visually appealing aluminum cans, courtesy of breakthroughs in lightweighting, smart packaging, and digital printing technologies.

Growing Application Beyond Beverage: Beyond beverage packaging, aluminum cans are finding growing applications in aerosol sprays, paints, and canned foods, expanding market potential.

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Segmentation Analysis

The global aluminum cans market is segmented on the basis of structure, capacity, application, and end-user industry.

By Structure:

The market, by type, is divided into 2-piece and 3-piece aluminum cans. Two-piece aluminum cans are popular on the market due to its lightweight design, longer resiliency, and lower production costs. They are used extensively in the beverage industry for packaging carbonated drinks, beer and energy drinks.

By Capacity:

Also, Aluminum Cans market size on the basis of the type of end-user includes: Cans Size are less than 200ml, 201ml - 450ml, 451ml - 700ml and above 700ml. Because 201ml - 450ml is most preferred capacity for soft drinks, beer and energy drinks, it constitutes the largest market share. There is increasing popularity of larger cans, especially those greater than 700ml, in canned food and industrial aerosol market.

By Application:

Aluminum cans have several different application segments, including beverages, food, pharmaceuticals, personal care & cosmetics, and chemicals & paints. The demand for canned carbonated soft drinks, beer, energy drinks, and fruit juices has propelled the beverage industry to RULE the market. Due to rising consumer demand for long-shelf-life canned food products, the food segment is also experiencing stable growth.

By End-User Industry:

The food & beverage, healthcare, cosmetics & personal care, and chemical & industrial are the main end-user industries. With increasing consumption of on-the-go drinks and convenience foods, the food & beverage industry continues to emerge as the single-largest consumer of aluminum cans. Packaging for deodorants, hairsprays, and shaving foams using aluminum aerosol cans is also being increasingly adopted by the cosmetics industry.

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Regional Analysis

United States

North America Aluminum Cans Market Overview The U.S. aluminum cans market holds a prominent share in the North America region, as leading aluminium can manufacturers are focusing on increasing their presence of the recycling infrastructure for used aluminium cans in the country and also are looking forward towards sustainable packaging solution. The increasing consumption of canned alcohol drinks like hard seltzers and craft beer is a major factor propelling the market growth. Moreover, growing concerns regarding the environment have further augmented rates of aluminum recycling, rendering it the most preferred material for packaging in the beverage industry.

Germany

Aluminum cans are a prominent European target market, particularly in Germany due to stringent sustainability and beverage consumption rate policies. The government has introduced policies for cutting down plastic waste too, driving the demand for aluminum packaging products. Moreover, the existing beverage manufacturers and established recycling infrastructure strengthen the gradual growth of the market.

China

China's Position in Global Aluminum Cans Market China is the largest producer and consumer of aluminum. Increasing penetration of energy drinks, soft drinks, and packaged food products is driving the market growth. Aluminum can adoption is further accelerated by government initiatives to reduce plastic waste and enhance sustainable packaging solutions.

India

Aluminum Cans Market in India: Industry Analysis and Forecast (2019-2026) | AlAndalus Cans, Novelis, UACJ, CCL Industries, and Ball Corporation. Market dynamics, such as the proliferation of international beverage brands and the expansion of the food & beverage market, along with rising consumer awareness related to sustainability, are the main drivers for the rapid market growth.

Brazil

Brazil is one of South America’s leading consumers of canned beer and soft drinks, which makes it an important market for aluminum cans. The recycling rate for aluminum is high in the country and thereby, there is a strength in the sustainability of the market. Most of this increase is driven by a growing middle class and urbanisation.

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Competitive Landscape

The global aluminum cans industry is characterized by the presence of both local and international players. Some of the key players in the market include:

Ball Corporation, USA — Ball Corporation is a global leader in sustainable aluminum packaging and has been investing heavily in forming solutions for lightweight cans, as well as for the end-to-end production of recycled aluminum cans.

[USA] Crown Holdings, Inc. — A leading manufacturer in metal packaging, Crown Holdings has increased the number of factories producing sustainable beverage cans to meet demand.

Ardagh Group: Ardagh is a leading producer of infinitely recyclable metal packaging solutions, has been working on increasing its production capacity of aluminum can to meet increasing demand from the beverage industry.

Can-Pack S.A. (Poland) – As one of the leading suppliers of aluminum beverage cans, Can-Pack is investing in automatic production technologies to increase efficiency and reduce costs.

Envases Group (Mexico) – As the world's leading provider of aluminum cans for the food, beverage, and aerosol industries, Envases Group is expanding throughout North America and Europe.

Some of the other players in the global market include Silgan Holdings, CPMC Holdings, Hindalco Industries, and Toyo Seikan Group, who are enhancing their production capacity with a focus on sustainable packaging solutions.

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