Aluminium cans market to be worth $87.1bn by 2030


SkyQuest projects that the aluminium cans market will attain a $87.1 billion value by 2030, with a CAGR of 5.39% over the forecast period (2023-2030). 

The aluminium cans market is experiencing a significant boost, primarily driven by its increasing adoption for packaging various food and beverage products. 

From fruits and vegetables to soups, baby foods, poultry, carbonated soft drinks (CSD), alcoholic beverages, juices, and liquid dairy products, metal cans have become the preferred choice for many manufacturers.

Aluminium cans have undoubtedly become a staple in the packaging of the aluminium cans market. Their widespread usage can be attributed to the numerous advantages they offer. 

Particularly, aluminium cans provide an efficient and convenient means of transporting food products and liquids, ensuring their preservation and maintaining their quality and taste over an extended period.

Prominent Players in the Aluminium Cans Market

  • Ball Corporation
  • Crown Holdings Inc.
  • Ardagh Group S.A.
  • Norsk Hydro ASA
  • CPMC Holdings Limited
  • Toyo Seikan Group Holdings, Ltd.
  • Can-Pack S.A.
  • Jamestrong Packaging
  • Silgan Holdings Inc.
  • Hulamin Containers Ltd.
  • ORG Packaging Co., Ltd.
  • ShengXing Group Co. Ltd.
  • Tetra Pak International S.A.
  • GZ Industries
  • Kian Joo Group
  • Trivium Packaging
  • Tata Steel Europe Ltd.
  • Envases Universales de México
  • China Metal Packaging Group Co., Ltd.
  • Alcoa Corporation

Food & Beverage Segment is Expected to Grow the Market Due to the Rising Packaging Options

The food and beverage segment boasting the largest market share in the aluminium cans market and showcasing immense potential for growth during the forecast period. 

Aluminium cans have emerged as the preferred choice for various popular beverages among the different packaging options available.

The markets in North America has emerged as a leader, capturing the maximum revenue share of 32.4% in aluminium cans market. The region’s commanding position is expected to persist throughout the forecast timeframe from 2023 to 2030.

201-450ml Segment is Expected to Grow the Market Due to Numerous Advantages that Aluminium Cans Offer

201-450ml segment has emerged as the leader, boasting the largest market share in the aluminium cans market. 

This segment is witnessing a remarkable surge in popularity, with more companies preparing to venture into the domain of aluminium-packaged water dominated by renowned players such as Coca-Cola and PepsiCo. The appeal lies in the numerous advantages of aluminium cans, making them a preferred choice for consumers and producers alike.

Regional markets in the Asia Pacific are poised to showcase unparalleled growth, with an impressive revenue CAGR of 6.6% projected during the forecast period from 2023 to 2030 in the aluminium cans market. 

This substantial surge in market performance is attributed to the unwavering support from significant economies within the region, most notably China and Japan.

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