Global Aluminum Cans Market

Global Aluminum Cans Market Size, Share, Growth Analysis, By Application(Food & Beverage, Pharmaceuticals), By Capacity Type(Less than 200ml, 201-450ml) - Industry Forecast 2024-2031

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

Global Aluminum Cans Market Competitive Landscape

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.

Aluminum Cans Market Top Player's Company Profiles

  • Ball Corporation
  • Crown Holdings Inc.
  • Ardagh Group S.A.
  • Norsk Hydro ASA
  • CPMC Holdings Limited
  • Toyo Seikan Group Holdings, Ltd.
  • Can-Pack S.A.
  • Jamestrong Packaging
  • Silgan Holdings Inc.
  • Hulamin Containers Ltd.
  • ORG Packaging Co., Ltd.
  • ShengXing Group Co. Ltd.
  • Tetra Pak International S.A.
  • GZ Industries
  • Kian Joo Group
  • Trivium Packaging
  • Tata Steel Europe Ltd.
  • Envases Universales de México
  • China Metal Packaging Group Co., Ltd.
  • Alcoa Corporation

Aluminum Cans Market

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Aluminum Cans Market size was valued at USD 54.3 billion in 2021 and is poised to grow from USD 57.23 billion in 2022 to USD 87.1 billion by 2030, growing at a CAGR of 5.39% in the forecast period (2023-2030).

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.', 'Norsk Hydro ASA', 'CPMC Holdings Limited', 'Toyo Seikan Group Holdings, Ltd.', 'Can-Pack S.A.', 'Jamestrong Packaging', 'Silgan Holdings Inc.', 'Hulamin Containers Ltd.', 'ORG Packaging Co., Ltd.', 'ShengXing Group Co. Ltd.', 'Tetra Pak International S.A.', 'GZ Industries', 'Kian Joo Group', 'Trivium Packaging', 'Tata Steel Europe Ltd.', 'Envases Universales de México', 'China Metal Packaging Group Co., Ltd.', 'Alcoa Corporation'

Growing awareness of ready-to-drink beverages

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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