Aluminum Cans Market Updates

Aluminum Cans Market size was valued at USD 60.27 Billion in 2023 and is poised to grow from USD 63.46 Billion in 2024 to USD 95.92 Billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).

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. ', 'Silgan Holdings Inc. ', 'CAN-PACK S.A. ', 'CCL Container Inc. (CCL Industries Inc.) ', 'Tecnocap Group ', 'Massilly Holding SAS ', 'CPMC Holdings Limited (COFCO Group) ', 'Saudi Arabia Packaging Industry WLL (SAPIN) ', 'Rexam PLC ', 'Envases Universales Group ', 'Daiwa Can Company ', 'Universal Can Corporation ', 'Toyo Seikan Group ', 'Hindalco Industries ', 'Greatview Aseptic Packaging ', 'Crown Asia-Pacific Holdings Ltd ', 'Anheuser-Busch Packaging Group'

The ready-to-drink beverage industry has grown significantly in recent years due to factors such as the busy lifestyles of people, increasing urbanization, and access to new products. Aluminum cans are preferred for storage by beverage manufacturers because they allow for greater packing efficiency, lower shipping costs, and significant brand engagement benefits. Also, depending on the type of beverage, beverage manufacturers are likely to apply different coatings to metal cans to increase the shelf life of the product, which is expected to boost the aluminum can market during the forecast period.

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.