Global demand for aluminum continues to grow, with production for cans expected to rise steadily through 2029.

ALUMINUM: GROWING MARKET, ANALYSIS AND OUTLOOK

An increasing number of consumers are choosing sustainable products, and the aluminum can market is benefiting from this trend.

The sector is expected to grow from USD 33.64 billion in 2023 to USD 34.84 billion in 2025, reaching USD 43.37 billion by 2029, with a compound annual growth rate (CAGR) of 3.6% in recent years.

According to the aluminum industry report (Alcircle), this rapid and steady growth is driven by consumers favoring more eco-friendly and health-conscious purchases, prompting the packaging sector to focus on recyclable and sustainable materials. It has also been noted that the shift to aluminum cans reduces environmental impact compared to glass.

BEER IN CANS AND BEVERAGES ARE DRIVING GROWTH

Among the main types of cans, those used for beer remain particularly popular due to their recyclability, light weight, ease of transport, and storage efficiency.

The beverage can sector is driven by factors such as environmental regulations, recycling policies, consumer preferences for low-impact products, and technological innovations in aluminum production.

Global demand is growing especially in emerging markets, where urbanization processes and rising per capita income are supporting the consumption of packaged beverages.