Aluminum Cans Recycling Market with Attractiveness, Competitive Landscape & Forecasts to 2030
Global Aluminum Cans Recycling Market size was valued at USD 3.66 Bn in 2023 and Aluminum Cans Recycling market revenue is expected to reach USD 5.05 Bn by 2030, 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.