North America Aluminium Cans Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 3.3% (2024-2032)
Market Size in 2023: USD 16.4 Billion
Market Forecast in 2032: USD 22.0 Billion
The North America aluminium cans market is experiencing steady growth driven by increasing demand for sustainable packaging solutions. According to the latest report by IMARC Group, the market size reached US$ 16.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032.
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North America Aluminium Cans Market Trends and Drivers:
- Consumer Preference for Eco-Friendly Products: Companies are shifting towards aluminium cans due to their high recyclability, aligning with consumer preferences for environmentally sustainable packaging solutions.
- Beverage Industry Growth: The increasing demand in the beverage industry, particularly for carbonated soft drinks, energy drinks, and craft beer, is fueling the aluminium cans market.
- Lightweight and Cost-Effective: The lightweight nature of aluminium cans reduces transportation costs and carbon emissions, making them appealing to businesses aiming to minimize their environmental impact.
- Innovations in Can Design: Ongoing innovations, such as the development of lightweight cans with improved barrier properties, resealable designs, and unique shapes, are enhancing the shelf life of beverages and boosting market expansion.
- On-the-Go Consumption Trend: The rising trend of on-the-go consumption and single-serve packaging formats has led to increased adoption of aluminium cans, especially in urban areas where convenience is key.
- Regulatory Pressures: Increasing regulatory pressures to reduce plastic waste are encouraging manufacturers to switch to aluminium, which is seen as a more sustainable alternative.
- Advanced Manufacturing Technologies: The integration of advanced technologies, such as digital printing and improved barrier coatings, provides better branding opportunities and extends the shelf life of products, further driving market growth.
North America Aluminium Cans Industry Segmentation:
The report has segmented the market into the following categories:
Market by Application
- Beverages
- Food
- Others
Key Regions Analyzed
- United States
- Canada
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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