The Aluminum Cans Market size is estimated at USD 51.20 billion in 2024, and is expected to reach USD 63.90 billion by 2029, growing at a CAGR of 4.53% during the forecast period (2024-2029).
The aluminum cans market is highly fragmented, owing to the presence of various global and local industry players. Some major players are Ball Corporation, Crown Holdings, Inc, Silgan Holdings Inc, Silgan Holdings Inc, and Ardagh Group S.A. Vendors in this market participate based on product portfolio, differentiation, and pricing.
In January 2023, CANPACK, a manufacturer of sustainable packaging solutions, joined the Aluminium Recycling Coalition, established in Dubai by Emirates Global Aluminium (EGA). CANPACK has a significant aluminum can manufacturing facility in the United Arab Emirates (UAE). This Alliance, which brings together key players in the UAE's beverage, waste, and aluminum sectors, teaches people how to reuse used beverage jars most effectively to increase aluminum recycling rates.
In December 2022, Crown Holdings, Inc. announced a collaboration with Aquarius, a refreshing beverage brand produced by Coca-Cola and its dedicated print and reprographics studio, on an intelligent and engaging promotional campaign in Spain. In contrast, Aquarius was available in standard 330ml aluminum cans. This sustainable packaging format advanced a Circular Economy and helped minimize the raw materials required to be sourced from the Earth via its infinite recyclability.
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