Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 55.80 Billion | USD 87.84 Billion | 5.17% | 2023 |
The global aluminum cans market size was evaluated at $55.80 billion in 2023 and is slated to hit $87.84 billion by the end of 2032 with a CAGR of nearly 5.17% between 2024 and 2032.
In order to give the users of this report a comprehensive view of the aluminum cans market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Aluminum cans, also known as “tin cans,” are containers made from aluminum used for packaging. They are majorly used for packing foods and beverages, such as soup and milk, alongside chemicals, oils, and various other liquids. The benefits of aluminum over steel cans are lightweightness, competitive cost, easy to open ends, clean appearance, and absence of rust. Aluminum cans are non-toxic in nature and the products that are packed in aluminum cans do not lose their quality, hence it is majorly used by the packaging industry. Aluminum cans do not require much care while handling and distribution.
They can be easily reprocessed and recycled. This is a key factor projected to fuel the aluminum cans market in the upcoming years. Moreover, aluminum cans are cost-effective and are highly resistant to light and heat, which is likely to further drive this market in the future.
The aluminum cans market is expected to grow over the forthcoming years, owing to significant developments witnessed in the beverage industry, increasing disposable income of people, rising inclination of consumers toward canned food products. Aluminum cans preserve the food quality for a prolonged time period.
Aluminum cans also provide protection against light, moisture, oxygen, and several other contaminants apart from being rust-resistant. Several types of products are packed in aluminum cans, such as aerosol products, paints, and various other consumer products. These aforementioned factors are expected to drive the global aluminum cans market growth in the upcoming years.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, product, and regional expansion of major participants involved in the market.
The study provides a decisive view of the aluminum cans market by segmenting it on the basis of structure, application, and region.
Based on structure, the aluminum cans market is fragmented into 2 piece cans and 3 piece cans.
On the basis of application, the market is divided into chemicals, beverage, food, pharmaceuticals, and others.
Report Attributes | Report Details |
---|---|
Report Name | Aluminum Cans Market |
Market Size in 2023 | USD 55.80 Billion |
Market Forecast in 2032 | USD 87.84 Billion |
Growth Rate | CAGR of 5.17% |
Number of Pages | 110 |
Key Companies Covered | Shengxing Group, Ball Corporation, Toyo Seikan, CPMC, ORG Packaging, Rexam, Great China Metal Industry Company, Amcor, Crown, and EXAL |
Segments Covered | By structure, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., UK, Germany, France, China, Japan, India, Brazil, etc.
The global aluminum cans market profiles key players such as:
Global Aluminum Cans Market: Structure Analysis
Global Aluminum Cans Market: Application Analysis
Global Aluminum Cans Market: Regional Analysis
FrequentlyAsked Questions
Aluminum cans are containers that are both lightweight and resilient, and they are frequently employed to package food and beverages. Their popularity is attributable to their exceptional protection, recyclability, and efficiency in distribution and storage.
The utilization of aluminum cans is induced by the demand for ready-to-drink beverages, such as soft drinks, energy drinks, and alcoholic beverages, which are characterized by their portability and user-friendliness. The demand for aluminum cans is on the rise due to the growing preference of consumers for eco-friendly packaging solutions. These cans are highly recyclable and have a lower environmental impact than other materials.
The global aluminum cans market size was evaluated at $55.80 billion in 2023 and is slated to hit $87.84 billion by the end of 2032.
The global aluminum cans market a CAGR of nearly 5.17% between 2024 and 2032.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further classification into major countries including the U.S., UK, Germany, France, China, Japan, India, Brazil, etc.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed