Aluminum Cans Recycling Market: Technological advancement in recycling to boost the market growth

Global Aluminum Cans Recycling Market size was valued at USD 3.5 Bn in 2022 and Aluminum Cans Recycling market revenue is expected to reach USD 4.83 Bn by 2029, at a CAGR of 4.7% over the forecast period.
Aluminum Cans Recycling Market Overview
Aluminum is the most recyclable material recycled into another object by melting and pouring into new molds with some refinement. Aluminum cans are widely used in the production of beverage cans. Recycling of aluminum cans is a wide range of sources, including various industries and private households. Aluminum Cans Recycling helps to reduce virgin aluminum by conserving energy and resources. Aluminum Cans Recycling requires 5% of energy to make new aluminum raw ore. Stringent environmental regulations by the government is expected to boost the Aluminum Cans Recycling market growth.



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Aluminum Cans Recycling Market Dynamics
Technological Advancement in Recycling Technology to boost the Aluminum Cans Recycling Market growth

The advancement in recycling technology has made the production process easier, more efficient and more cost-effective. This process enables various end use industries to influence energy efficiency, reduce waste and improve the productivity of Aluminum Cans and is expected to boost the Aluminum Cans Recycling Market growth. Recycling of Aluminum cans, particularly beverage cans is important due to economic and environmental reasons. The aluminum recycling process requires 5% of the energy for primary aluminum production. Recycling of 1Kg of aluminum cans saves 8kg of bauxite 4 kg of chemical products and 14 kWh of electricity, which helps to prevent the environment and is expected to influence the Aluminum Cans Recycling Market share.

Aluminum is a recyclable material that takes up to 95% less energy to recycle the cans to produce primary aluminum, which helps to limit the emission of greenhouse gases and is expected to boost the Aluminum Cans Recycling industry growth. Recycling aluminum can is cost saving process to produce new aluminum cans. The recycling of aluminum cans decreases the need for mining and refining bauxite. The Aluminum Cans Recycling industry pays USD 800 Mn for empty aluminum cans each year, which helps to boost the market. According to the U.S. EPA, recycling aluminum products reduces the amount ending up in landfills by almost 55%.

Aluminum Cans Recycling helps to generate revenues from the sale of the recycled Aluminum, reduce labor costs related with the handling of Aluminum Cans during the waste disposal process, and helps streamlining overall waste processing operations, which significantly contribute for the growth of Aluminum Cans Recycling Market share.

Benefits of Aluminum Cans Recycling

• Saves Energy
• Prevents Depletion of a Valuable Commodity
• It’s Profitable
• Prevents Environmental Degradation
• Helps in Satisfying the Increasing Demand
• Reduction of Landfill

Environmental regulations to restrain the Aluminum Cans Recycling Market growth

Local recycling programs have changed the material they accept in response to international regulations around waste import and export. The most common material is paper and plastic among habitual recyclers. The aluminum commodity is impacted about 15% to 20% less recycling for last few decades, which is expected to hamper the Aluminum Cans Recycling Market growth over the forecast period. Environmental problems due to recycling of aluminum cans is major factor challenging the growth of the Aluminum Cans Recycling Market. Recycling aluminum cans uses minimum energy to produce new aluminum from bauxite, which may harm the environment is expected to restrain the market growth.
Aluminum Cans Recycling Market Trends

• Technological advancement in recycling aluminum cans has led to sorting and processing of waste. The technological innovation adopted helps to speed up the process of manually sorting things and to handle the changing nature of complexity of the material.

• Initiatives by an environmental group and public awareness about the environment has increased awareness among users globally. Aluminum cans are 100% recyclable which is expected to boost the market growth over the forecast period.
Aluminum Cans Recycling Market Regional Insight
North America dominated the market in 2022 and is expected to continue the dominance over the forecast period. United States has shown great efforts to increase the Aluminum Cans recycling. Aluminum Cans are most recycled package in the United States with 10 to 20 point recycling rate with high advantage rate against glass and plastic. The recycling rate for aluminum cans, which is in large amount of domestic aluminum cans recycled upto 49.4 percent. The recycling rate of aluminum cans in US in 2020 was 45.2% compared to glass bottles and polyethylene terephthalate. The Can Manufacturers Institute plans to increase the recycling rate of cans from 45.2% to 70% by 2030 and 90% by 2050. Investments by the government to generate high revenue through recycling and energy saving is expected to boost the regional Aluminum Cans Recycling Market growth.

In European region, the recovery rate of wastes is between 40% to 70% indicating that the recycling of aluminum cans reaches approximately 65%. The European Recycling Tour was executed in 15 European countries at different 19 landmarks in 2021. 50% of total recycling is done through recycled aluminum can. Austria, UK, Italy are the major countries, which are the part of campaign. In UK the campaign helps the local authorities about the value and benefits of recycling, which helps to boost the regional Aluminum Cans Recycling industry. Scotland is also implementing the Deposit Return Scheme to boost the regional recycling rate.

In Asia Pacific, China is the largest producer of Recycled cans taking up about one third of global market. The aluminum recycling capacity is 76% including aluminium recovery, reprocessing and melting. China's aluminium recycling has certain deviations in social concepts with low concentration, lack of systematic operation and industry standards, etc. All these factors are expected to increase the Aluminum Cans Recycling Market size.
Aluminum Cans Recycling Market Segment Analysis
Based on End User, the market is segmented into Transportation, Packaging, Electrical & Electronics, Building & Construction, and Others. Packaging segment held the largest Aluminum Cans Recycling market share in 2022 and is expected to dominate the market over the forecast period. Aluminum cans are the largest most recycled packaging container. Recycling of aluminum is cost-saving and reduces the capital cost associated with landfills, mines, and international shipping of raw aluminum. Recycled Aluminum can are used in aluminum foil, which is further widely used food industry. Groceries are affected by sunlight, which damages the appearance and worsen the taste where core packaging material is used to protect the things. Benefits of aluminum are pushing brands to look how they can transit the material from accent piece to larger portion of the package. Aluminum packaging is used to reduce denting, which is expected to fuel the Aluminum Cans Recycling Market share.
Aluminum Cans Recycling Market Competitive Landscape
The Global Aluminum Cans Recycling industry is consolidated with the presence of a large sized companies and also small sized regional Aluminum cans recycling companies. Each Aluminum Cans Recycling key players are profiled in the market report based on the different parameters. Key vendors are establishing networks and partnerships with companies in the Aluminum Cans Recycling industry. This allows to collect data efficiently from the market and recycle used aluminum cans on large scale. The key players in the market are investing in Research & Development activities for new processes. The strategies adopted by the major player, such as expansion of product portfolio, mergers & acquisitions, geographical expansion, and collaborations, to enhance the Aluminum Cans Recycling market penetration.

In March 2023, Can Manufacturers Institute partnered with local organizations to recycle aluminum cans during Mardi Gras 2023. In September 2022, Suntory Spirits Ltd. Introduced 100% recycled aluminum cans developed by UACJ Corporation and Tokyo Seikan Group Holdings.
Aluminum Cans Recycling Market Scope: Inquire before buying



Aluminum Cans Recycling Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
USD 3.5 Bn


Forecast Period 2023 to 2029 CAGR:
4.7 %
Market Size in 2029:
USD 4.83 Bn


 Segments Covered:
by Recycling Source
• Curbside Pickup Spots
• Community Drop off sites
• Buyback Centers
• Others


by Technology
• Closed Loop Recycling
• Open Loop Recycling


by Type
• Food & Beverages can
• Hairspray & Deodorant cans
• Inhaler& Ointment cans
• Paint & Enamel Spray cans
• Others


by End-user
• Inhaler& Ointment cans
• Paint & Enamel Spray cans
• Others



Aluminum Cans Recycling Market by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Aluminum Cans Recycling key players include
• Novelis
• Ball Corporation
• United Scrap Metal
• Brand & Howes Environmental
• Steinert
• Eldan Recycling A/S
• Reliance Scrap Metal
• Bottleman Recycling Services
• Tal Metal Inc.
• AUSCON METALS & MACHINERY
• Johnny Metal Recycling
• Mason Metals Ltd
• Eurometaux
• The Aluminum Association
• Matalco Inc
• Northeast Metal Traders
• EcoMENA
• ReMM Group
• UACJ Corporation
• CAN MANUFACTURERS INSTITUTE

Frequently Asked Questions:

1] What is the growth rate of the Global Aluminum Cans Recycling Market?
Ans. The Global Aluminum Cans Recycling Market is growing at a significant rate of 4.7% over the forecast period.

2] Which region is expected to dominate the Global Aluminum Cans Recycling Market?
Ans. North America region is expected to dominate the Aluminum Cans Recycling Market over the forecast period.

3] What is the expected Global Aluminum Cans Recycling Market size by 2029?
Ans. The market size of the Aluminum Cans Recycling Market is expected to reach USD 4.83 Bn by 2029.

4] Who are the top players in the Global Aluminum Cans Recycling Industry?
Ans. The major key players in the Global Aluminum Cans Recycling Market are Steinert, Eldan Recycling A/S, Reliance Scrap Metal, Bottleman Recycling Services, and Tal Metal Inc.

5] Which factors are expected to drive the Global Aluminum Cans Recycling Market growth by 2029?
Ans. Increasing demand from the packaging industry is expected to drive the Aluminum Cans Recycling Market growth over the forecast period (2023-2029).