Industry News

North America’s aluminium cans market to grow at a CAGR of 3.3% during 2023-32

Views : 62
Update time : 2024-06-25 15:43:17
According to a report, North America’s aluminium cans market is poised to grow at a compound growth rate of 3.3 per cent during 2023-32. Thus, from US$16.4 billion in 2023, North America’s aluminium cans market is expected to reach US$22 billion.

Currently, the demand for aluminium cans in North America is primarily driven by the packaging sector for processed and ready-to-eat food products, aerated drinks, fruit juices, and energy drinks. In addition, growing environmental concerns among consumers, turning them to aluminium cans from plastic, are also contributing to the demand growth.

Further, the increasing consumption of energy and sports drinks influenced by alluring advertising campaigns by manufacturers is also an important factor behind the growing aluminium cans market in North America.

AL Circle’s Outlook Report 2024 pointed out that due to the rising consumption of aluminium in the packaging sector, the demand for aluminium flat-rolled products is witnessing steady growth. In 2024, the demand for aluminium flat-rolled products (including foil) is expected to increase by about 2.59 per cent, driven by the usage in packaging sectors.

In 2023, the packaging sector accounted for 46.5 per cent of the global aluminium flat-rolled product usage, followed by transportation accounting for 15.5 per cent, the building & construction sector 10 per cent, and the electrical and electronics sector 9.5 per cent.

In 2023, the overall aluminium usage in the end-user sector was about 97.8 million tonnes, of which packaging accounted for 16 per cent, following transportation 28 per cent and building & construction sector 21 per cent.

Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11