Aluminium Cans Market 2024: Size, Share, In-Depth Analysis and Forecast to 2032

Summary:

• The global aluminium cans market size reached USD 53.9 Billion in 2023.
• The market is expected to reach USD 70.1 Billion by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.
• North America leads the market, accounting for the largest aluminium cans market share.
• Beverage accounts for the majority of the market share in the application segment due to its lightweight and preservative properties, making it ideal for packaging a wide range of beverages, such as energy drinks, beer, and carbonated soft drinks.
• The rise of e-commerce and online shopping which has increased the demand for durable and lightweight packaging solutions that can withstand shipping and handling.
• Besides this, the innovation in can design and functionality, such as the introduction of resealable cans and specialty finishes, enhance consumer experience and appeal to diverse beverage segments.

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Industry Trends and Drivers:

• Increasing demand for sustainable packaging:
The growing emphasis on sustainable packaging solutions is a major driver of the aluminum cans market. With heightened awareness of environmental issues and stricter government regulations on plastic waste, consumers and manufacturers are shifting towards eco-friendly packaging options. Aluminum cans are highly sustainable because they are 100% recyclable without any loss of quality or performance. Unlike plastic, which takes centuries to degrade and contributes to landfill and ocean pollution, aluminum can be recycled indefinitely. Furthermore, aluminum cans require less energy to recycle compared to producing new cans, which significantly reduces greenhouse gas (GHG) emissions. The increasing pressure to adopt environmentally friendly packaging solutions across industries such as food and beverage (F&B), and cosmetics is contributing to the market growth.

• Growing consumption of ready-to-drink beverages:

The rise in consumption of ready-to-drink (RTD) beverages is another key factor driving the aluminum cans market. Aluminum cans are the preferred packaging for carbonated soft drinks, energy drinks, alcoholic beverages such as beer, and even non-carbonated beverages like water and iced tea. The trend toward convenience and on-the-go consumption has led to an increase in demand for RTD beverages, especially in urban areas. Additionally, changing lifestyles, with more consumers opting for single-serve packaging due to busy schedules, have further boosted the market for aluminum cans. The beverage industry is one of the largest consumers of aluminum cans due to their lightweight, portability, and ability to preserve the freshness and taste of drinks, thereby bolstering the market growth.

• Recyclability and cost-efficiency of aluminum cans:

Aluminum is one of the most economically viable materials for recycling, as it can be melted down and reused without losing any of its properties. The cost savings associated with recycling aluminum rather than producing new metal are substantial, making aluminum cans a cost-effective packaging solution for manufacturers. Moreover, the lightweight nature of aluminum cans reduces transportation costs, further enhancing their economic appeal. The recyclability of aluminum cans also plays into their environmental benefits, as they require significantly less energy to recycle compared to producing virgin aluminum. This makes them an ideal packaging solution in markets with high recycling rates and strong sustainability initiatives, thus supporting the market growth.

Aluminium Cans Market Report Segmentation:

Breakup By Application:

• Beverages
• Food
• Others

Beverages account for the majority of shares because aluminum cans are widely used for packaging a variety of drinks, including carbonated soft drinks, beer, and energy drinks, due to their lightweight and preservative qualities.

Breakup By Region:

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

North America holds the leading position due to the high consumption of canned beverages, established recycling infrastructure, and a strong preference for aluminum packaging among consumers and manufacturers.

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Top Aluminium Cans Market Leaders:

The aluminium cans market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

• Accell Group N.V.
• Beam Mobility Holdings Pte. Ltd.
• Bird Rides Inc.
• CycleHop LLC
• Dott
• Lime (Neutron Holdings, Inc)
• Micro Mobility Systems AG
• Neuron Mobility
• Segway Discovery Inc.

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