Aluminium cans market poised for robust growth by 2035 at a CAGR of 4.1%

The demand for aluminium in the packaging sector is primarily driven by beverage cans. Key factors fuelling the rising demand for beverage cans include the growing younger consumer base, the introduction of new product variations, and heightened environmental awareness among stakeholders.

As per the data shared by Metal Packager, the global aluminium cans market is poised for significant growth. The projection suggests a hike from $61.1 billion in 2024 to $63.2 billion by 2025 and further expands to $94.5 billion by 2035.

However, if we see the analysis by AL Circle, published in their report titled, "ALuminium in Packaging: Consumer trends and market dynamics",   the global aluminium cans market in 2023 reached US$55.5 billion in 2023, which further escalated to US$58.2 billion in 2024. In 2025, it is projected to stand at US$US$61.5 billion, which in 2032 may escalate to US$85.6 billion.

According to Future Market Insights, the market is expected to grow at a CAGR of 4.1 per cent between 2025 and 2035, which, as per the Outlook report by AL Circle, is the same (4.09 per cent) for 2020 to 2030. The packaging report suggests a CAGR of 4.93 per cent for 2023 to 2032.