1 Global Used Beverage Cans Market Insight Analysis
The global Used Beverage Cans Market is expected to be valued at USD 5,664.22 million in 2024, with a CAGR of 7.12% from 2024 to 2033.
Used Beverage Cans are cans that have been previously used to contain beverages and are ready for recycling. The purpose of Used Beverage Cans is to reduce waste and conserve resources by recycling aluminum to create new products, thus promoting sustainability. The advantages of Used Beverage Cans include energy savings, reduced CO2 emissions, and decreased landfill waste.
Figure Global Used Beverage Cans Market Size (M USD) and CAGR (2024-2033)
2 Used Beverage Cans Market Growth Drivers and Restraints
The market growth of used beverage cans is propelled by several factors. Primarily, the environmental benefits of recycling used cans are significant, as it reduces the exploitation of natural resources, saves the raw materials and energy required for new can production, and decreases environmental pollution. Additionally, the growing beverage industry, with its demand for sustainable packaging solutions, is a key driver.
However, the market faces limitations such as the complexities and costs associated with the recycling process. The removal of paint from used cans, for instance, is energy-intensive and can lead to secondary environmental pollution. Furthermore, the market is threatened by substitutes like PET bottles and glass packaging, which are gaining preference in the beverage industry due to their cost-effectiveness and similar functional properties to metal cans.
3 Technological Innovations and Mergers in the Used Beverage Cans Market
Technological innovation plays a crucial role in the advancement of the Used Beverage Cans market. Manufacturers are increasingly integrating smart technologies into their products, such as sensors that monitor noise levels and adjustable settings for different sound frequencies. This integration enhances the functionality of acoustic panels, making them more appealing to consumers seeking advanced solutions for sound management.
Moreover, the market has witnessed a trend of mergers and acquisitions, as companies aim to expand their product offerings and market reach. For instance, Armstrong World Industries’ acquisition of 3form, LLC, a leader in sustainable architectural resins, exemplifies the strategic moves companies are making to enhance their capabilities in the acoustic solutions sector. Such mergers not only consolidate market power but also foster innovation by combining resources and expertise from different organizations. This trend is expected to continue as companies seek to leverage synergies and respond to the evolving demands of the market.
4 Global Used Beverage Cans Market Size by Type
Three-piece cans are traditional and consist of a separate body, top, and bottom. They are known for their rigidity and ability to be expanded, making them adaptable to various can shapes. Despite the higher material costs due to the seams, they offer excellent sealing properties. In 2024, the market revenue for three-piece cans is projected to be $1140.40 million, capturing a market share of 20.13%. This type of can is particularly popular in applications where a strong and rigid container is required, such as in certain beverage and food packaging.
Two-piece cans, on the other hand, are formed by pressing and integrating the body with the bottom, resulting in a more streamlined and efficient design. They offer superior sealing, high production efficiency, and lower raw material consumption. However, they require specialized technology, equipment, and molds, which can be a barrier to entry for some manufacturers. In 2024, two-piece cans are expected to dominate the market with a revenue of $4523.82 million, accounting for a market share of 79.87%. Their efficiency and sustainability in the recycling process make them a preferred choice for many manufacturers.
Table Global Used Beverage Cans Market Size and Share by Type in 2024
|
Type |
Market Size (M USD) 2024 |
Market Share 2024 |
|---|---|---|
|
Three-Piece Cans |
1140.40 |
20.13% |
|
Two-Piece Cans |
4523.82 |
79.87% |
5 Global Used Beverage Cans Market Size by Application
The reproduction of cans remains the largest application segment, accounting for a 47.05% market share with a revenue of $2664.75 million in 2024. This segment includes the recycling and reuse of aluminum for new beverage packaging, reflecting the circular economy’s growing importance in the beverage industry.
The building materials segment is projected to generate a revenue of $1043.04 million, holding an 18.41% market share. Aluminum recovered from used beverage cans is used in construction for its durability, corrosion resistance, and design versatility.
The vehicle parts application is expected to contribute $972.65 million in revenue, capturing a 17.17% market share. The lightweight and durable nature of aluminum makes it suitable for manufacturing automotive parts, reducing the demand for raw materials.
Airplane parts will generate $323.81 million in revenue, with a 5.72% market share. Aluminum’s extensive use in aircraft manufacturing makes recycled aluminum from used beverage cans a valuable resource for the aerospace industry.
Table Global Used Beverage Cans Market Size and Share by Application in 2024
|
Application |
Market Size (M USD) 2024 |
Market Share 2024 |
|---|---|---|
|
Reproduction of Cans |
2664.75 |
47.05% |
|
Building Materials |
1043.04 |
18.41% |
|
Vehicle Parts |
972.65 |
17.17% |
|
Airplane Parts |
323.81 |
5.72% |
|
Others |
659.97 |
11.65% |
6 Global Used Beverage Cans Market Size by Region
North America is expected to lead with a market share of 27.81% and generate revenue of $1,575.4 million. The region’s strong focus on sustainability and recycling initiatives has contributed to its dominance in the market.
It is followed by Europe with a market share of 20.72% and is expected to generate revenue of $1,173.49 million. Stringent environmental regulations and advanced recycling infrastructure in the region support the growth of the used beverage can market.
Asia Pacific is expected to hold a market share of 35.33% and is expected to generate revenue of $2,001.25 million. Rapid industrialization in the region and the growing demand for sustainable packaging solutions are the major drivers of the market growth.
South America holds a market share of 12.62% and is expected to generate revenue of $714.55 million. The market in the region is influenced by the growing environmental awareness and the increasing demand for recycled materials across industries.
The Middle East and Africa region accounts for 3.52% of the market share and is expected to generate revenue of $199.54 million. The market in this region is growing, albeit at a slower pace, owing to emerging economies and increasing demand for sustainable practices.
Figure Global Used Beverage Cans Market Size (M USD) by Region in 2024
7 Global Used Beverage Cans Market Analysis by Major Players
7.1 Novelis
Company Introduction and Business Overview:
Novelis, a subsidiary of Hindalco Industries Ltd, is a leading producer of flat-rolled aluminum products and a significant recycler of aluminum. Established in 2005 and headquartered in the USA, Novelis operates on a global scale, serving a wide range of industries with its aluminum products.
Novelis specializes in the production of sheet ingot, foils, recycled aluminum, can stock, electronic products, and HVAC material. The company caters to transportation, packaging, architectural, industrial, and consumer durables markets. Novelis Advanz is a notable brand that sells alloy products to automakers. The company is committed to sustainability, focusing on recycling and providing specialty products for various applications.
Products:
Novelis offers state-of-the-art can sheet production lines and recycling centers, serving major brands like Coca-Cola, Crown, Ball Corporation, Ardagh Group, and ABInBev. Their product portfolio includes aluminum bottles and cans, which are recyclable and cater to consumer demands for sustainable packaging.
Market Performance in 2024:
Novelis is anticipated to lead the market in 2024 with a projected revenue of $1769.34 million and sales volume of 1326.5 thousand tons.
7.2 Constellium
Company Introduction and Business Overview:
Constellium, established in 2011 and headquartered in France, is a global manufacturer and marketer of aluminum-based products and solutions. The company has a strong presence in rolled and extruded aluminum products, custom automotive components, and aluminum recycling.
Constellium’s primary activities include the production of rolled and extruded aluminum products, catering to industries such as automotive, aerospace, packaging, transportation, and construction. The company is known for its innovation in aluminum technology and its contribution to sustainable development through recycling.
Products:
Constellium is a world-leading supplier and recycler of can bodystock and can end/tabstock for the aluminum packaging market. They offer a wide range of coating options, including epoxy-free solutions to meet BPA non-intent requirements and coils of various widths and thicknesses.
Market Performance in 2024:
Constellium is expected to generate a revenue of $692.73 million in 2024, with sales volume reaching 511.7 thousand tons.
7.3 Alcoa
Company Introduction and Business Overview:
Alcoa, with a rich history dating back to 1888 and headquartered in the USA, is a prominent producer of bauxite, alumina, and aluminum. The company is involved in the production of a diverse range of aluminum products and operates under notable brands such as Sustana and Elysis.
Alcoa’s main activities encompass the production of aluminum products, including low-carbon alumina and aluminum products, billets, high-quality aluminum castings, slabs, and patented alloys. The company operates bauxite mining assets, refining facilities, aluminum smelters, cast houses, rolling mills, and energy assets.
Products:
Alcoa is known for its involvement in the Evermore Recycling joint venture, which purchases recycled cans. The company offers a range of products that cater to the recycling and reuse of aluminum in various applications, including packaging.
Market Performance in 2024:
Alcoa is projected to achieve a revenue of $279.97 million in 2024, with sales volume amounting to 230.4 thousand tons.
