United States Aluminum Beverage Cans Market Size (2024 - 2029)

United States Aluminum Beverage Cans Market Analysis

The United States Aluminum Beverage Cans Market size is estimated at USD 27.31 billion in 2024, and is expected to reach USD 31.47 billion by 2029, growing at a CAGR of 2.88% during the forecast period (2024-2029).

• Aluminum cans offer numerous advantages, including rigidity, stability, and high barrier properties. These qualities make them suitable for storing goods with extended shelf lives and those requiring long-distance transportation. Manufacturers and industries prefer aluminum cans due to their softness and lightweight nature, which helps reduce logistics costs.
• The beverage industry widely uses aluminum cans because of their easy disposal and recyclability. They also extend product shelf life. Major end-user segments for aluminum beverage cans include carbonated soft drinks, energy drinks, and alcoholic beverages.
• Consumer preferences for small sizes and multi-pack packaging formats contribute to the growth of aluminum can volume and design innovations. Aluminum cans are particularly suitable for consumers with on-the-go lifestyles, offering convenience as a primary benefit. These cans are easily transportable to festivals, beaches, outdoor events, and sports venues.
• Recycling aluminum saves over 90% of the energy required to produce new metal, reducing production costs. Two of every three aluminum cans shipped are recycled in the United States. These factors are expected to drive market growth in the future.
• Aluminum packaging faces competition from alternative packaging solutions such as plastic, paper, and glass. Plastic packaging remains the primary competitor to metal packaging. The beverage industry, the largest user of aluminum cans, has begun adopting recyclable plastic packaging solutions. Plastic cans offer transparency, allowing brands to showcase their beverage quality.
• In March 2023, the National Association for PET Container Resources (NAPCOR), the trade association for the PET packaging industry in the United States, Canada, and Mexico, presented a life cycle assessment (LCA). This assessment indicated that PET bottles have a lower environmental impact than glass and aluminum containers.

United States Aluminum Beverage Cans Industry Segmentation

Aluminum beverage cans hold and dispense beverages like soft drinks, beer, and energy drinks. They are made from a thin sheet of aluminum that has been molded into the shape of a cylindrical can with a top and bottom cover. Aluminum cans are lightweight, durable, and transportable, making them a popular choice for beverage packaging. Furthermore, using aluminum cans protects the beverage's taste and freshness from light, air, and other external factors that can cause spoiling.

The US aluminum beverage cans market is segmented by type (2-piece and 3-piece) and application (carbonated soft drinks, beer, water, energy drinks, and other applications). The report offers market forecasts and size in value (USD) for all the above segments.