Global Used Beverage Cans Market Size To Exceed USD 39 Billion By 2033 | CAGR of 4.76%
Category: Advanced MaterialsGlobal Used Beverage Cans Market Size To Exceed USD 39 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Used Beverage Cans Market Size Expected to Grow from USD 24.5 Billion in 2023 to USD 39 billion by 2033, at a CAGR of 4.76% during the forecast period 2023-2033.
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Browse key industry insights spread across 190 pages with 210 Market data tables and figures & charts from the report on the "Global Used Beverage Cans Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Aluminum, Steel, and Others), By Recycling Process (Closed-Loop Recycling, Open-Loop Recycling), By Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit and Vegetable Juices, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033" https://www.sphericalinsights.com/reports/used-beverage-cans-market
Used beverage cans (UBCs) are empty cans that once held liquids such as soft drinks, juices, or alcoholic beverages. These cans are collected for recycling and reuse because aluminum is a highly recyclable material that retains its quality during the recycling process, making UBCs an important component in sustainable packaging and environmental conservation initiatives. Moreover, the UBC market is driven by growing environmental awareness, stringent government restrictions that encourage recycling, and aluminum's limitless recyclability. Increasing worldwide beverage consumption will continue to provide a sufficient supply of old cans; recycling's cost-effectiveness and energy efficiency when compared to primary aluminum manufacturing will also boost market demand. Technological advancements in sorting and processing continue to make recycling more efficient, and corporate sustainability goals are increasingly driving demand for UBCs as part of sustainable packaging and circular economy activities. However, the UBC market is constrained by a lack of suitable recycling infrastructure in poor countries and the significant investment required for advanced recycling technology. Contamination of used cans limits processing efficiency while fluctuating aluminum prices and low consumer awareness impede continuous supply and profitability from recycling operations.
The aluminum segment is expected to hold the largest share of the global used beverage cans market during the projected timeframe.
Based on material type, the global used beverage cans market is categorized as aluminum, steel, and others. Among these, the aluminum segment is expected to hold the largest share of the global used beverage cans market during the projected timeframe. This is because aluminum is lightweight, infinitely recyclable without losing quality, and is utilized in the packaging of the majority of beverages. Aluminum cans are cheaper to recycle than to make from the original production, hence they are a preference among manufacturers.
The closed-loop recycling segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the recycling process, the global used beverage cans market is categorized as closed-loop recycling, open-loop recycling. Among these, the closed-loop recycling segment is expected to grow at the fastest CAGR during the projected timeframe. This expansion is motivated by its environmental benefits: it allows aluminum cans to be recycled straight into new beverage cans without loss of quality. It adheres to circular economy principles, resulting in decreased energy usage and greenhouse gas emissions when compared to open-loop recycling.
The carbonated soft drinks segment is expected to hold the largest share of the global Used Beverage Cans market during the forecast period.
Based on application, the global used beverage cans market is categorized as carbonated soft drinks, alcoholic beverages, fruit and vegetable juices, and others. Among these, the carbonated soft drinks segment is expected to hold the largest share of the global used beverage cans market during the forecast period. This is because soft drinks are widely consumed over the world, and the majority of them are packaged in aluminum cans due to their lightweight, durability, and outstanding recyclability. Furthermore, the appeal of ready-to-drink beverages and the widespread adoption of canned soft drinks in emerging areas are propelling this segment to the top.
Asia Pacific is projected to hold the largest share of the global used beverage cans market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global used beverage cans market over the forecast period. Increased beverage consumption, combined with growing urbanization and environmental concerns in emerging economies such as China, India, and the majority of Southeast Asian countries, drives growth. Strong recycling regulations by regional governments, along with sustainable development promotion, tend to enhance the demand for UBC recycling.
Latin America is expected to grow at the fastest CAGR growth of the global used beverage cans market during the forecast period. This expansion is driven by rising demand for canned beverages, particularly carbonated soft drinks and alcoholic beverages, as disposable incomes rise in countries such as Brazil and Mexico. Furthermore, increased environmental consciousness and government efforts to build recycling infrastructure and encourage sustainable practices are driving the regional UBC market.
Major vendors in the global used beverage cans market are Novelis Inc., Ardagh Group, Tata Steel Limited, Crown Holdings, Inc., Ball Corporation, Aleris Recycling, Sims Metal Management, Amcor Limited, Alcoa Corporation, UACJ Corporation, Norsk Hydro ASA, Kaiser Aluminum Corporation., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global used beverage cans market based on the below-mentioned segments:
Global Used Beverage Cans Market, By Material Type
- Aluminum
- Steel
- Others
Global Used Beverage Cans Market, By Recycling Process
- Closed-Loop Recycling
- Open-Loop Recycling
Global Used Beverage Cans Market, By Application
- Carbonated Soft Drinks
- Alcoholic Beverages
- Fruit and Vegetable Juices
- Others
Global Used Beverage Cans Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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