The global Aluminum Cans Market is anticipated to expand at a CAGR of 4.7% between 2023 and 2033. Sales of aluminum cans also referred to as tin cans, are projected to reach USD 92.31 billion by 2033, up from USD 58.31 billion in 2023. This growth can be attributed to the increasing beverage consumption among millennials.
The global market has been experiencing steady growth due to factors like
The beverage industry is the key driver of the aluminum cans market. Carbonated soft drinks and beer are the primary beverages packaged in aluminum cans.
However, other sectors like energy drinks, canned water, and ready-to-drink beverages have also witnessed increased usage of aluminum cans.
Aluminum cans offer several advantages over other packaging materials. They are lightweight, portable, easy to stack, and provide suitable product protection. Aluminum is also a highly recyclable material, with a high recycling rate globally. These factors contribute to the popularity of aluminum cans.
Aluminum cans are considered one of the highly sustainable packaging options. Aluminum is infinitely recyclable and can be recycled repeatedly without losing quality.
Recycling rates for aluminum cans vary by region, but many countries have efficient recycling systems in place.
Despite the advantages, the aluminum cans market faces some challenges. Fluctuating aluminum prices can impact production costs. Additionally, competition from alternative packaging materials like PET bottles and glass containers remains a factor to consider.
North America has been a mature aluminum cans market. At the same time, the Asia Pacific region has seen significant growth due to the increasing consumption of canned beverages in countries like China, India, and Japan. Europe has also witnessed steady demand for aluminum cans.
| Attribute | Details |
|---|---|
| Historical Value (2022) | USD 55.70 billion |
| Current Year Value (2023) | USD 58.31 billion |
| Expected Forecast Value (2033) | USD 92.31 billion |
| Projected CAGR (2023 to 2033) | 4.7% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
| Particulars | Details |
|---|---|
| H1 2021 | 4.3% |
| H1 2022 Projected | 4.5% |
| H1 2022 Expected | 4.8% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (+) 30 ↑ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (+) 50 ↑ |
Future Market Insights predict a comparison and review analysis of the dynamics of the aluminum cans market, which is principally subjected to an array of industry factors along with a few definite influences concerning the recyclability of aluminum.
Some recent market advancements include the development of BPA-free aluminum cans which are chemical-free packaging for canned food items.
In June 2022, Ball Corporation expanded its capacity by establishing a new manufacturing plant for aluminum cans in South America. This intends to help the company to serve the growing packaging market in South America.
The market for aluminum cans is expected to surge by 50 basis share points (BPS) in H1-2022 (O) against comparison with H1-2021, according to an FMI analysis. However, when comparing the H1-2022 projected and H1-2022 outlook period, a rise in BPS change by 30 BPS has been noticed.
Key reasons for the increase in the market are due to its characteristics like aluminum cans are strong, light in weight, highly resistant to corrosion, give excellent barriers against air, light, & moisture and is easy to handle.
Despite these prospects, the widespread use of aluminum in packaging increased emphasis on approving environmentally and financially responsible packaging are both predicted to increase demand for aluminum cans.
The global aluminum cans market is anticipated to register healthy growth during the forecast period (2023 to 2033), opines Future Market Insights (FMI). Growth is attributable to the increasing demand for sustainable and convenient beverage packaging solutions.
The aluminum cans market is projected to rise at 4.7% CAGR between 2023 and 2033 in comparison to 4.0% CAGR from 2018 and 2022. Aluminum cans contain around 70% recycled aluminum, which is greater than any other container format, according to The Aluminum Association.
On account of these aforementioned factors, increasing application of aluminum cans in food & beverage, personal care & cosmetics, and pharmaceutical industries is propelling the sales.
The demand for aluminum cans experienced steady growth during the historical period, driven by factors such as the rising consumption of canned beverages, particularly carbonated soft drinks and beer.
The convenience and portability of aluminum cans, coupled with consumer preference for sustainable packaging options, contributed to their popularity.
Environmental concerns and initiatives to reduce plastic usage significantly boosted the demand for aluminum cans. Many beverage companies and consumers shifted from plastic bottles to aluminum cans due to their recyclability and lower environmental impact.
This trend was particularly notable in regions with strong environmental awareness and regulations.
The demand for aluminum cans has been growing steadily, primarily driven by the beverage industry. Aluminum cans are preferred for packaging various beverages, including carbonated drinks, beer, energy drinks, and ready-to-drink beverages. The convenience, portability, and recyclability of aluminum cans have contributed to their popularity.
Metal packaging products are gaining immense popularity owing to the growing environmental and sustainability concerns. From a recycling perspective, as metal is a permanent material, it can be recycled multiple times without degrading its quality.
Hence, aluminum cans are considered as an economic packaging solutions for beverages and personal care products. Moreover, they are cost-effective, which contributes to their status as one the extremely recycled metals across the globe.
While beverages remain the dominant sector for aluminum cans, there are emerging opportunities in other industries. Aluminum cans are being explored for packaging non-beverage products like cosmetics, personal care items, and even pharmaceuticals. This diversification presents new avenues for growth and market expansion.
The global movement to reduce plastic waste and single-use plastics has opened up significant opportunities for aluminum cans.
Governments and organizations worldwide are implementing regulations and initiatives to restrict or ban single-use plastics, including plastic bottles. This has prompted beverage manufacturers to explore aluminum cans as a viable alternative, further boosting the market.
Advancements in manufacturing technologies, such as high-speed can production lines and printing techniques, have improved the efficiency and quality of aluminum can production. These advancements enable manufacturers to meet the increasing demand and cater to customization requirements from beverage companies.
Principal Consultant
As per FMI, the beverage industry is expected to witness firm growth, especially in high growth countries such as Brazil, India, and China. This is anticipated to offer lucrative growth opportunities for aluminum cans market players.
Several independent surveys were conducted to understand consumer preference when it comes to beverage packaging. More than 60% of the respondents preferred a chilled can over a plastic bottle, as it felt more refreshing.
Additionally, more than 80% of the respondents perceived aluminum cans as convenient and “easy to grab” while on their way out. Consequently, increasing demand for smaller pack sizes in beverage industry is expected to create growth opportunities for aluminum cans manufacturers over the forecast period.
These aluminum cans are commonly used as beverage cans, attributable to their light weight and ability to withstand internal pressure generated by carbon-di-oxide. Growing consumption of alcohol is expected to boost the demand for beverage packaging, especially aluminum cans.
High consumption of flavored alcoholic beverages, wines, soft drinks, and energy drinks are expected to bolster the sales of aluminum cans.
Cans are one of the highly recycled packaging formats across the globe due to which the demand for eco-friendly packaging has increased. Cans made from aluminum are 100% recyclable, and maintain the quality of the metal.
Moreover, recycling aluminum cans is not a difficult task, and can be easily accomplished once the interior is cleaned. The entire process takes about 60 days, and the can becomes ready for use. Furthermore, unlike plastic bottles, aluminum cans are environment friendly, as maximum of it goes into recycling.
Consumer aversion to plastics has resulted in decreased sales of single-use plastic containers and paper-based cartons have a plastic coating, which makes them difficult to recycle.
Consumers are also concerned about their environmental footprint, thus preferring aluminum cans with high recyclability. On the back of this, sales of aluminum cans are expected to increase over the next decade.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
As per the study, aluminum cans are highly durable and light in weight as compared to tin and steel cans. These cans do not rust, are resistant to corrosion, easy to fill, and can withstand pressure without rupturing.
Hence, as aluminum cans provide 100% protection against oxygen, light, moisture, and other contaminant, these cans are widely used for packaging beverage and food products. Aluminum cans are also used in the packaging of a wide range of food and beverages products, including aerosol products, paint, cosmetics, and even pharmaceuticals.
| Country | 2022 Value Share in Global Market |
|---|---|
| United States | 18.0% |
| Germany | 6.1% |
| Japan | 5.8% |
According to FMI analysis, North America is considered an attractive market for aluminum cans. Growing inclination toward packaged and processed foods products has fueled the United States aluminum cans market expansion.
Factors such as increased shelf life of products, safety of food, and growing fast-food culture are anticipated to drive the global aluminum cans market in the forthcoming years.
The United States is considered one of the world's leading markets for food, and considered as one of top five countries for high consumption of beverages. As aluminum cans offer protection to the inside food product, the growth in the market is expected to surge over the coming years.
In June 2019, a company named, PepsiCo plans to replace plastic bottles with aluminum cans of Aquafina at locations around the United States. In addition, the business declared that they are going to only sold 100% recycled polyethylene terephthalate for its LIFEWTR brand, and that its bubly product is not going to be packaged in plastic.
The Aluminum Association and Can Manufacturers Institute Report reveals that the aluminum industry in the United States has partnered with the Can Manufacturers Institute (CMI). Their goal is to increase the recycling rate of aluminum beverage cans from 45% to 70% by 2030.
Key manufacturers have been forming partnerships with beverage companies and recycling organizations to create a closed-loop system for aluminum can recycling. Ball announced in April 2022 its partnership with Recycle Aerosol LLC. This collaboration aims to enhance the recycling rates of aluminum aerosol cans within the United States.
Germany has a strong focus on sustainability and recycling. The country has a well-established recycling infrastructure, and consumers are increasingly conscious of the environmental impact of their choices.
Aluminum cans are highly recyclable, and their use helps reduce carbon emissions and energy consumption compared to other packaging materials.
Expansion of the various industries such as chemical and food & beverages is likely to create lucrative growth prospects for aluminum cans sales. According to Germany Trade & Invest (GTAI), German chemical companies generate 27% of the total EU-28 chemical industry.
Germany was considered the fourth leading market for chemicals in 2019. Hence, expansion of Germany’s chemical industry is expected to create growth opportunities for aluminum cans market players.
The craft beer industry has been proliferating in Germany, with an increasing number of microbreweries and beer enthusiasts. Craft beer producers prefer aluminum cans because they protect the beer from light and oxygen, preserving its flavor and quality.
Aluminum can manufacturers in Germany are collaborating with beverage brands to develop innovative packaging solutions. In June 2021, Beiersdorf teamed up with Nussbaum, a Swiss packaging company, to create aerosol cans made entirely of post-consumer recycled aluminum.
The revolutionary aerosol packaging took a year to develop because it was made completely of repurposed beverage cans. By the end of 2021, the first Beiersdorf products in aerosol cans made entirely of recycled aluminum are going to be available on the market.
Expansion of food & beverage industry is expected to create growth prospects for Japan aluminum cans market. According to the Japan Aluminum Association and the Council for PET Bottle Recycling, the horizontal recycling rate for aluminum cans is 71%, while the horizontal recycling rate for plastic bottles is 24.3%.
When plastic bottles are recycled, the material goes through multiple bouts of recycling and are often reshaped into another plastic product instead. Aluminum cans on the other hand, have a longer shelf life and are better at preventing the deterioration of its contents – generally due to light exposure.
This is expected to increase the demand for aluminum cans in Japan across pharmaceutical, food & beverage, and personal care industries.
Manufacturers in Japan are increasingly using recycled aluminum for can production. Coca-Cola Bottlers Japan Inc. announced the start of production for three products in December 2022.
The production results from collaboration with Artemira Co., Ltd., and MA Aluminum Corporation. These products are made using 100% recycled aluminum materials, including CAN to CAN. The recycled aluminum materials are used as raw materials for the bottle can body.
This production initiative is part of the CAN to CAN horizontal recycling program for aluminum cans. The program involves collecting used aluminum cans from recycling boxes placed near vending machines operated by CCBJI.
| Country | Value CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 2,8% |
| China | 6.0% |
| India | 6.5% |
The United Kingdom is expected to be the second leading market across Europe due to the large consumption of alcoholic and non-alcoholic beverages. The canned food is estimated to total retail sales value in the United Kingdom of over USD 2.6 billion and volume of canned food in the United Kingdom reached 4.5 billion units.
Over 99.4% of United Kingdom households buy from the canned food category each year of beverages cans and estimated 9.7 billion beverage cans shipped each year from United Kingdom can manufacturing plants.
The United Kingdom has been witnessing a shift toward sustainable packaging solutions, with aluminum cans gaining popularity as they are recyclable and have a high recycling rate. This trend is driven by increasing environmental awareness among consumers and government regulations promoting sustainable practices.
According to the Metal Packaging Manufacturers Association, total market of the United Kingdom metal packaging industry estimated around 14.7 billion units and around 98 billion units produced in the Europe each year. Hence, application of aluminum cans in the food and beverages industry is projected to fuel the growth in the aluminum cans market across the United Kingdom through 2033.
In recent years, there has been increased investment in recycling infrastructure in the United Kingdom to improve the collection and recycling of aluminum cans.
Diageo publicized its monetary sustenance for forming the British Aluminium Consortium for Advanced Alloys (BACALL) in May 2023. BACALL is a collective of industry professionals aiming to establish a circular economy for aluminum in the United Kingdom.
As part of this effort, a dedicated plant is going to be built in the United Kingdom. This production capacity can manufacture more than 400 million cans of popular beverages, including Guinness and pre-mixed Gordon's and tonic.
The China aluminum cans market has witnessed significant growth in recent years. The increasing urban population and changing lifestyles have increased demand for on-the-go beverages, driving the need for portable and lightweight packaging like aluminum cans.
The rising disposable income of Chinese consumers has fueled the demand for convenient and ready-to-consume beverages, contributing to market growth.
China has experienced a surge in beverage consumption, including carbonated drinks, juices, energy drinks, and alcoholic beverages. This has led to a higher demand for aluminum cans as a preferred packaging solution.
With the rise of e-commerce in China, aluminum can manufacturers are developing packaging solutions tailored for online sales. They are exploring packaging designs that offer better protection, convenience, and visual appeal during transit and delivery.
Several manufacturers have announced capacity expansion plans to meet the growing demand for aluminum cans in China. China-based can manufacturer Kingcan announced a strategic investment in November 2021.
The company plans to build a state-of-the-art plant and install advanced production lines. This ambitious move is aimed at expanding Kingcan's capacity for manufacturing aluminum beverage cans.
The market has been witnessing considerable expansion lately in India. While the main cities in India have been driving the demand for aluminum cans, there is significant potential for growth in tier 2 and tier 3 cities. As these cities witness increased urbanization and rising disposable incomes, the demand for packaged beverages and aluminum cans is expected to surge.
The beverage industry in India has been gradually shifting from glass bottles to aluminum cans due to their advantages, such as lightweight, recyclability, and better shelf life. Aluminum cans are more convenient, easily portable, and have a lower carbon footprint compared to glass bottles.
Several key beverage companies have announced investments in the India aluminum cans market to expand their production capacities. Ball Corporation invested Rs 1,000 crore in establishing two manufacturing plants in India for aluminum cans and bottles in January 2022.
The company, specifically its division Ball Beverage Packaging, holds a positive outlook on the growing aluminum packaging industry in India.
| Segment | Forecasted CAGR (2023 to 2033) |
|---|---|
| 2-piece | 52.3% |
| Beverages | 79.5% |
Based on the product type, the 2-piece aluminum cans segment is expected to hold the leading market share. The 2-piece aluminum cans are identified as prominently used aluminum cans, followed by 3-piece aluminum cans.
These cans are light-weight and easy to open, which makes them apt for beverage applications. Also, growing trend of on-the-go food and beverage consumption is expected to generate opportunities for growth in the metal beverage packaging market.
Two-piece cans are produced using a single sheet of aluminum that is formed into a cylindrical shape with a separate lid attached. This manufacturing process is highly efficient and can be easily automated, allowing for high-speed production and increased output. This efficiency is crucial for meeting the high demand of the beverage industry.
2-piece aluminum cans have gained widespread consumer acceptance and preference. Consumers find aluminum cans convenient, portable, and easy to recycle. The recyclability of aluminum also appeals to environmentally conscious consumers looking for sustainable packaging options.
In terms of end use, the beverages segment is estimated to be the leading segment followed by the food industry. Increasing application in beverage sector is anticipated to create growth opportunities for the aluminum cans.
High demand for sustainable packaging solutions is expected to be the key driver for the growth in the aluminum cans market over the forecast period.
Canned beverages, such as carbonated soft drinks, energy drinks, beer, and ready-to-drink (RTD) beverages, have gained significant popularity worldwide. These beverages are often packaged in aluminum cans due to their convenience, portability, and ability to preserve the taste and quality of the product.
Many consumers prefer the convenience and portability of aluminum cans. Cans are lightweight, easy to stack and transport, and can be opened and consumed directly. They are also reclosable, allowing consumers to consume their beverages at their own pace and reseal the cans for later use.
Aluminum cans provide excellent protection against light, air, and moisture, which helps preserve the taste, freshness, and shelf life of beverages. The aluminum material acts as a barrier, preventing exposure to external elements that could compromise the quality of the product.
The market is a highly competitive industry that plays a significant role in the global packaging sector. Aluminum cans are widely used for packaging beverages, including carbonated soft drinks, beer, energy drinks, and ready-to-drink beverages.
Leading manufacturers are focusing on increasing their production capacity to meet the increasing demand for aluminum cans across food, beverages, personal care & cosmetics, pharmaceuticals, and paints & lubricants industries. Meanwhile, the other key players are expanding their product portfolio to cater to the growing demand in the aluminum cans market.
Ball Corporation:
Recent Development: In February 2021, Ball Corporation ('Ball'), the supplier of aluminum packaging, offered spring water in aluminum beverage cans created by Responsible Whatr, a home-grown brand. This pure water, when packaged in aluminum cans, does not lose its freshness when exposed to light or heat.
Crown Holdings, Inc.:
Recent Developments: Crown Holdings, Inc. announced a strategic partnership with Velox Ltd in October 2021. Velox Ltd. is a pioneering developer and manufacturer of cutting-edge direct-to-shape digital decoration solutions. The collaboration between Crown Holdings and Velox Ltd. aims to provide beverage brands with revolutionary digital decoration technology. The technology is going to be available for both straight-wall and necked aluminum cans. This partnership has the potential to transform the packaging landscape in the beverage industry.
VOLNAA (VOLNAA GmbH):
Recent Developments: In May 2021, VOLNAA introduced aluminum cans which contains packaged drinking water, to drink water on the go. With the relock revolution, the firm producing cans that are 100 percent recyclable in the hopes to contest the threat of plastic pollution.
Toyo Seikan Co., Ltd.:
Recent Developments: Toyo Seikan Group Holdings, Ltd. and UACJ Corporation finalized a business alliance agreement in February 2023. The alliance focuses on enhancing the horizontal recycling of aluminum cans. Additionally, the collaboration intends to involve joint efforts to promote the collection and recycling of used aluminum cans throughout the value chain, strengthening the concept of "CAN to CAN" recycling.
Can-Pack SA:
Recent Developments: Can-Pack SA, which is part of the Can-Pack Group, unveiled its intentions to increase the manufacturing capacity of aluminum beverage cans in July 2022. This expansion is going to be realized through the establishment of a new production facility in Poços de Caldas, a city situated in the State of Minas Gerais, Brazil.
The aluminum cans market is worth USD 58.31 billion in 2023.
The market is calculated to expand at a CAGR of 4.7% through 2033.
In the future, the market is expected to attain USD 92.31 billion by 2033.
The beverages segment is the significant consumer of aluminum cans.
Crown Holdings Inc., Ball Corporation, and Ardagh Group S.A. are active in the aluminum cans market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. 1-piece Cans 5.2. 2-piece Cans 5.3. 3-piece Cans 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity 6.1. Up to 200ml 6.2. 201-450ml 6.3. 451-700ml 6.4. 701-1000ml 6.5. More than 1000ml 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Industry 7.1. Food 7.1.1. Fruits & Vegetables 7.1.2. Ready-to-eat 7.1.3. Meat, Poultry, & Seafood 7.1.4. Pet Food 7.1.5. Bakery & Confectionery 7.1.6. Others 7.2. Beverages 7.2.1. Alcoholic 7.2.2. Non-alcoholic 7.3. Personal Care & Cosmetics 7.4. Pharmaceuticals 7.5. Paints & Lubricants 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Crown Holdings Inc. 18.2. Ball Corporation 18.3. Ardagh Group S.A. 18.4. Silgan Containers LLC 18.5. Toyo Seikan Co., Ltd. 18.6. Nampak Ltd. 18.7. CCL Industries Inc. 18.8. CPMC Holdings Inc. 18.9. Kian Joo Can Factory Berhad 18.10. CAN-PACK S.A. 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Packaging Insights
View Reports
Aluminum Cans Market
