Latin America Aluminium Cans Market Report and Forecast 2025-2034

Latin America Aluminium Cans Market Outlook

The Latin America aluminium cans market stood at a value of more than USD 5.17 billion in 2024. The market is further expected to grow at a CAGR of 3.8% in the forecast period of 2025-2034 to attain a value of over USD 7.23 billion by 2034.

Significant Growth of the Beverages Segment to Bolster the Growth of the Aluminium Cans Industry

Based on application, the beverages segment accounts for a significant share in the market and is anticipated to grow at a considerable rate in the forecast period. The ability of aluminium to form any shape, along with its protective qualities, stackable and durable nature, and lightweight, makes it ideal for the packaging of beverages.

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As a result, the use of aluminium to package and transport beverages using less material is likely to increase. Additionally, the increased consumption of beverages globally is expected to aid the segment growth in the forecast period.

The Latin America Aluminium Cans Industry Accounts for a Significant Share in the Global Market for Aluminium Cans

The aluminium cans market in Latin America is driven by the growing consumer demand for sodas, energy drinks, sparkling waters, soft drinks, and craft brew beers, among others. The market in the region is anticipated to be augmented by the shipping efficiency offered by the material, owing to its lightweight. Furthermore, the market is anticipated to grow in the forecast period due to the steady growth of the food sector in major Latin American countries.

Aluminium Cans: Market Segmentation

Aluminium can is defined as a can prepared from aluminium. These cans are  generally used as a single-use container in the food and beverages industry to pack food items or beverages, as the material keeps the food fresh and healthy.

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The significant applications of the product include:

• Beverages
• Food
• Others

The regional markets for the product include Brazil, Argentina, and Mexico, among others.

Increasing Demand for Sustainable Food Packaging Solutions to Boost the Growth of the Aluminium Cans Industry

The Latin America aluminium cans industry is driven by the rising application of the product in the food and beverages industry owing to its lightweight and ability to provide long-term preservation. Additionally, the increasing demand for packaged food products and on-the-go beverages is significantly contributing to the market expansion in the region. Over the forecast period, the market is expected to be aided by the growing demand for sustainable packaging options and the stringent government regulations pertaining to recycling as well as treatment and disposal of recyclable waste. As aluminium cans can be recycled and re-used many times, it makes them increasingly valuable among all packaging materials.

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Key Industry Players in the Latin America Aluminium Cans Market

The report gives a detailed analysis of the following key players in the Latin America aluminium cans market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Ball Corporation
• Crown Holding, Inc.
• Canpack S.A.
• Novelis Aluminum
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report