Aluminium Can Market was valued at USD 86 Billion in 2022 and is projected to reach USD 116 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The aluminium can market has experienced significant shifts between 2018 and 2022, driven by growing demand for sustainable packaging solutions. The global trend toward eco-conscious packaging has surged, with aluminium being a key player due to its recyclability and durability. During this period, the market witnessed an uptick in demand across several industries, particularly the beverage sector, including soft drinks, alcoholic beverages, and energy drinks. According to market reports, the aluminium can market grew at a compound annual growth rate (CAGR) of over 4% from 2018 to 2022, owing to increasing consumer preference for aluminium cans over plastic bottles.
Additionally, in 2022, the market's demand for aluminium cans reached an estimated $70 billion. This demand was driven by rising awareness of environmental concerns related to plastic waste and the growing trend of adopting circular economy practices. As a result, the beverage industry’s shift towards more sustainable packaging solutions, coupled with increased aluminium production, significantly contributed to the industry's growth. More consumers and businesses are opting for recyclable options, with aluminium leading the charge due to its efficient recyclability, reducing environmental footprints significantly.
The global aluminium can market outlook for 2023 to 2033 is projected to exhibit robust growth. Analysts predict a CAGR of around 5%, as the demand for aluminium cans is anticipated to rise across numerous industries, especially in emerging economies. This growth is supported by the continued rise in consumer awareness around environmental issues, further boosting demand for aluminium cans.
Beyond beverages, new applications are emerging in food packaging, pharmaceuticals, and other consumer goods, further expanding the market. The food sector, particularly, is witnessing a rise in demand for aluminium packaging, as it provides superior protection, preservation, and ease of transport. As more industries adopt aluminium as a standard packaging material, the overall market is expected to grow steadily throughout the next decade. With innovations in the production of lighter, stronger, and more cost-efficient aluminium cans, the market is poised to continue expanding in the foreseeable future.
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Ball Corporation
Crown
Silgan Containers
Ardagh
Orora
Girnar Group
Gujarat Polythene
Showa Aluminium Can
Kian Joo
Aksharbrass Product
Narang Scientific Industries(Cowbell)
Shiba Containers
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aluminium Can Market
Liquid Packaging Industry
Pharmaceutical Industry
Chemical Industry
Others
Based on Types the Market is categorized into Below types that held the largest Aluminium Can market share In 2023.
Two Piece Can
Three-piece Can
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aluminium Can Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aluminium Can Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aluminium Can Market, By Type
6. Global Aluminium Can Market, By Application
7. Global Aluminium Can Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Aluminium Can Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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