Aluminum Cans Market Size - By Product (1 Piece cans, 2 Piece cans, 3 Piece cans), By Type (Slim, Sleek, Standard), By Capacity (Up to 200 ml, 201 to 450 ml, 451 to 700 ml, 701 to 1000 ml, more than 1000 ml), End User (Food, Beverages, Pharmaceutical, Personal Care and Cosmetics, Paints and Lubricants) and By Region: Global Forecast, 2024 – 2033

  • 2023-12-19
  • 214
  • Chemicals & Materials

Market Overview

Aluminum Cans Market Size is projected to achieve a value of USD 55.57 Billion in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 87.95 Billion by 2033 with a CAGR of 5.1% during the forecast period 2024-2033.

SOURCE: We Market Research

Aluminum cans are containers primarily made from aluminum and are commonly used for packaging beverages and other liquid products. They are lightweight, durable, and easily recyclable, making them a popular choice for the packaging industry. Aluminum cans come in various shapes and sizes, but the most common type is the cylindrical can with a pull-tab or pop-top lid.

Aluminum cans are typically made from thin sheets of aluminum. The material is chosen for its properties, including light weight, corrosion resistance, and the ability to be recycled repeatedly without losing quality.

The most widespread use of aluminum cans is for packaging beverages such as carbonated soft drinks, beer, energy drinks, and various other non-alcoholic and alcoholic beverages. The use of aluminum cans for beverages has several advantages, including preserving the flavor of the contents, preventing light exposure, and being easily stackable.

Aluminum cans are often designed with graphics, branding, and labeling to distinguish different brands and products. The design also includes features like ridges for strength and a narrow neck that widens toward the top to facilitate pouring and drinking.

One of the key environmental benefits of aluminum cans is their recyclability. Aluminum is highly valuable in recycling because the process requires significantly less energy compared to primary production. Recycling aluminum also helps reduce the environmental impact associated with mining and extracting bauxite, the primary ore used to produce aluminum.

Market Scope

Report Attributes


Market Size in 2023

USD 55.57 Billion

Market Forecast in 2033

USD 87.95 Billion

CAGR % 2024-2033


Base Year


Historic Data


Forecast Period


Report USP


Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Growth Drivers

Aluminum cans are highly sustainable and infinitely recyclable without losing their quality. The increasing global focus on environmental sustainability and the push for eco-friendly packaging options have driven the demand for aluminum cans.

The growth in the beverage industry, including carbonated soft drinks, energy drinks, and ready-to-drink beverages, has contributed to the increased demand for aluminum cans as a packaging solution.

Advancements in printing technologies allow for attractive and innovative designs on aluminum cans. This has contributed to increased marketing opportunities for brands, helping them differentiate their products on store shelves.

Segments Covered

Product, Type, Capacity, End User and Geography

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Aluminum Cans Industry: Drivers & Restrains

Market Drivers

Increasing demand for canned food - The humble aluminum can, a ubiquitous symbol of convenience and refreshment, is experiencing a surge in demand: canned food. This isn't just a pantry raid reminiscence of the pandemic; it's a global trend driven by several factors, and it's expected to boost the aluminum cans market significantly in the coming years. Busy lifestyles and hectic schedules make canned food's "open and eat" appeal irresistible. From ready-to-heat meals to pre-portioned snacks, canned food saves time and effort, perfectly aligning with modern demands. Canned food boasts extended shelf life, reducing food waste and offering peace of mind. This is especially crucial in times of economic uncertainty or supply chain disruptions. Contrary to popular belief, canned food can be quite nutritious. Manufacturers are increasingly offering options packed with protein, fiber, and essential vitamins, catering to health-conscious consumers, thereby propelling the growth of aluminum cans market.

Product Innovation and Development - The humble aluminum can is no longer just a vessel for soda; it's a canvas for exciting innovations that are propelling the market towards new heights. From enhanced functionality to eco-friendly breakthroughs, product development and innovation are key drivers in the projected growth of the aluminum cans market throughout the forecast period.  Imagine a can that tells you when your drink is at the perfect temperature or if it's still fresh. That's the power of smart cans, equipped with sensors and indicators that enhance consumer experience and reduce waste. Examples include temperature-sensitive inks that change color or built-in freshness indicators.

Cans with pull-tab replacements like push-and-turn lids or peelable membranes cater to users with dexterity limitations or simply seeking a smoother opening experience. This inclusivity expands the consumer base and keeps the can relevant.

Think beyond beverages! Innovative can designs are repurposing the format for food items like spreads, spices, or even frozen meals. This versatility opens up new market segments and keeps the can fresh in consumers' minds.

Ball Corporation's StayTab™ technology replaces the traditional pull-tab, eliminating litter and making opening easier for everyone.

Crown Holdings' NatureSeal™ coating uses plant-based materials, offering a sustainable alternative to traditional coatings.

Arconic's EverCan™ technology significantly reduces the weight of aluminum cans without compromising performance.

Market Restrains

Competition from Alternative Materials - The aluminum can, once the undisputed king of beverage and food packaging, faces a growing threat from a diverse court of challengers: alternative materials. From sleek glass bottles to lightweight plastic pouches, these competitors are vying for a share of the market, potentially hindering the aluminum can's reign in the forecast period. Glass exudes an air of sophistication and quality, often associated with high-end beverages like craft beers and artisanal sodas.

This perception can command premium pricing and attract discerning consumers. Unlike single-use aluminum cans, glass bottles can be washed and reused, appealing to environmentally conscious consumers and aligning with sustainability trends. Plastic is significantly lighter than aluminum, translating to lower transportation costs and reduced environmental impact. This advantage is particularly attractive for large-volume shipments. Plastic offers unparalleled design flexibility, allowing for innovative shapes, sizes, and features that aluminum struggles to match. This cater to specific product needs and consumer preferences. Paperboard cartons boast strong eco-credentials, as they are often made from recycled materials and are readily biodegradable. This resonates with consumers seeking sustainable packaging solutions. Paperboard offers excellent printing and branding opportunities, allowing for vibrant designs and detailed information that can enhance the product's appeal.

Aluminum Cans Segmentation

Market- By Product Analysis

By Product, the Aluminum Cans Market is Categories into 1 Piece cans, 2 Piece cans and 3 Piece cans. The 2 Piece Cans segment accounts for the largest share of around 62% in 2022.

This dominance is primarily due to their extensive use in the beverage industry, especially for carbonated drinks, where their tight seals and lightweightness are crucial. The following segments are part of an in-depth analysis of the global market for Aluminum Cans:

Market Segments


By  Type

·         Slim

·         Sleek

·         Standard

By Capacity

·         Up to 200 ml

·         201 to 450 ml

·         451 to 700 ml

·         701 to 1000 ml

·         more than 1000 ml

By End-user

·         Food

o   Fruits & Vegetables

o   Ready-to-eat

o   Meat, Poultry, & Seafood

o   Pet Food

o   Bakery & Confectionery

o   Others

·         Beverages

o   Alcoholic

o   Non-alcoholic

·         Pharmaceutical

·         Personal Care and Cosmetics

·         Paints and Lubricants

Aluminum Cans Industry: Regional Analysis

Asia Pacific region is expected to hold the largest share within Aluminum Cans Market, accounting for around 40% of the global market in 2023 and projected to maintain its dominance throughout the forecast period. Region is driven by rising disposable incomes, increasing urbanization, and a growing preference for packaged beverages. China alone accounts for approximately 23% of the global market share. 

Europe boasts well-established recycling infrastructure and strong environmental awareness, potentially limiting faster expansion. However, rising demand for premium beverages and convenience foods still offers growth opportunities.

The US dominates the region within Aluminum Cans Market, fueled by high consumption of carbonated beverages and canned food. However, growing health concerns and competition from alternative packaging materials might slow down future growth.

Rising middle class and increasing urbanization are driving demand for canned goods, particularly beverages in South America. Brazil is the strongest market in the region.

Uneven economic development and limited infrastructure hinder broader market penetration in MEA region. However, rapid urbanization and rising disposable incomes in some countries present long-term growth prospects.

Competitive Analysis

The Aluminum Cans Market is dominated by a few large companies, such as

·         Crown Holdings Inc.

·         CCL Industries Inc.

·         CPMC Holdings Inc.

·         Ball Corporation

·         Ardagh Group S.A.

·         Silgan Containers LLC

·         Toyo Seikan Co., Ltd.

·         Nampak Ltd.

·         Others

 Recent Developments:

·         In November 2023, Ball Corporation expanded its reach in the food and beverage can market by acquiring APC, a leading U.S. manufacturer of decorated food cans. This acquisition strengthens Ball's position in the growing food market and provides access to new customers and technologies.

·         In October 2023, Crown Holdings Inc. acquires Grupo Latapack S.A. This acquisition expands Crown's footprint in the South American beverage can market, adding production facilities in Brazil and Colombia. It also strengthens Crown's position in the growing craft beer segment.

·         Crown Holdings Inc. launches Impact Can 2.0: This lightweight aluminum can uses 12% less material than the standard 12oz can, reducing environmental footprint and offering cost savings.

·         In October 2023, Crown Holdings Inc. launches Impact Can 2.0: This lightweight aluminum can uses 12% less material than the standard 12oz can, reducing environmental footprint and offering cost savings. 

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size of Aluminum Cans Market in 2023?

Aluminum Cans Market was valued at USD 55.57 Billion in 2023.

What is the growth rate for the Aluminum Cans Market?

Aluminum Cans Market size will increase at approximate CAGR of 5.1% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Aluminum Cans Market are Ball Corporation, Crown Holdings, Inc., Silgan Holdings Inc., Ardagh Group S.A., Canpack, and Novelis among others.

Which region dominates the Aluminum Cans Market?

Asia Pacific dominates the market with an active share of 40%.


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