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 News

  • In January 2022, French Water Company Evian's "Evian Sparkling" drink becomes available in aluminum cans and bottles made entirely from recycled PET plastic. The brand pledged to transition to more sustainable packaging in 2018 and become a circular brand by 2025. New products are part of this effort.
  • In February 2021, Ball Corporation, a supplier of aluminum packaging, is offering spring water in aluminum beverage cans produced by its household brand Responsible Water. This pure water, packed in aluminum cans, does not lose its freshness when exposed to light or heat.
  • In June 2021, the German company teamed up with Swiss packaging company Nussbaum to produce aerosol cans made entirely of post-consumer recycled aluminum. The revolutionary aerosol packaging took a year to develop as it was made entirely from reusable drink cans. By the end of 2021, the first Beiersdorf products in aerosol cans made entirely from recycled aluminum will be available on the 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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Global Aluminum Cans Market

Product ID: SQMIG15G2028

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