According to a research report published by Spherical Insights & Consulting, the Global Aluminum UBC Scrap Recycling Market Size is Expected to Grow at a CAGR of 7.9% during the forecast period 2023-2033.

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Aluminum UBC (Used Beverage Can) scrap recycling involves collecting, sorting, and processing used and discarded aluminum cans. This resource is highly recyclable and sustainable due to its high demand and long lifespan, making aluminum a vital resource in the aluminum market. The demand for aluminum is met by primary and recycled metal sources. Aluminum is a sustainable material with high demand and long lifespan, leading to increased demand for recycled and UBC, as UBC is more readily available and cost-effective. Recycling aluminum UBC helps several industries, including consumer goods, packaging, construction, automotive, and aviation. It also encourages resource conservation and sustainable consumption, which is anticipated to accelerate the growth of the aluminum UBC scrap recycling market. Recycling aluminum UBC scrap lowers landfill waste, conserves energy, and protects natural resources. It has positive effects on the environment and the economy by drastically lowering greenhouse gas emissions. Technological developments in recycling boost output while cutting expenses. The recycling of aluminum scrap has been actively promoted by the Indian government. For instance, a sustainable scrap recycling ecosystem is the goal of the National Non-Ferrous Metal Scrap Recycling Framework, 2020. This program emphasizes ecologically friendly methods and is in line with the Make in India campaign. However, despite its high potential for recycling, technological developments are being made to increase efficiency and lower costs in the sorting, cleaning, and processing of aluminum UBC scrap.

Browse key industry insights spread across 240 pages with 111 Market data tables and figures & charts from the report on theGlobal Aluminum UBC Scrap Recycling Market Size, Share, and COVID-19 Impact Analysis, By Process Type (Clean UBC, Contaminated UBC), By Recycling Method (Mechanical Recycling, Chemical Recycling), By Source (Household Waste, Commercial Waste, Industrial Waste), By Application(Re-melting & Refining, Manufacturing), By End User (Beverage Industry, Automotive Industry, Construction Industry, Consumer Goods, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The clean UBC segment is predicted to hold the largest market share through the forecast period.

Based on the process type, the aluminum UBC scrap recycling market is classified into clean UBC and contaminated UBC. Among these, the clean UBC segment is predicted to hold the largest market share through the forecast period. Clean UBCs require less sorting and cleaning, making them simpler and more economical to process in recycling operations. Customers are encouraged to return clean UBCs, which encourages recycling and increases public awareness. Participation in recycling programs can also be promoted by using clear messaging about cleanliness.

The chemical recycling segment is anticipated to hold the fastest market share during the projected timeframe. 

Based on the recycling method, the aluminum UBC scrap recycling market is divided into mechanical recycling and chemical recycling. Among these, the chemical recycling segment is anticipated to hold the fastest market share during the projected timeframe. Chemical recycling systems use less heat and pressure than conventional methods of producing aluminum, which saves energy and greenhouse gas emissions. By absorbing a variety of feedstocks, they can enhance stream and waste management.

The commercial waste segment is anticipated to hold a significant share of the market share during the projected timeframe.   

Based on the source, the aluminum UBC scrap recycling market is divided into household waste, commercial waste, and industrial waste. Among these, the commercial waste segment is anticipated to hold a significant share of the market share during the projected timeframe. Customers can recycle UBCs by putting them in special bins or taking them to recycling facilities; many towns and cities have recycling programs in place for home pickup.

The re-melting & refining segment is predicted to dominate the market share through the forecast period.

Based on the application, the aluminum UBC scrap recycling market is classified into re-melting & refining, and manufacturing. Among these, the re-melting & refining segment is predicted to dominate the market share through the forecast period. Aluminum scrap can be remelted and refined to preserve valuable resources like bauxite ore, lessen the environmental impact of mining, save natural habitats, keep waste out of landfills, and reduce municipal solid waste. It can be recycled frequently without losing its properties because aluminum can be recycled indefinitely.

The beverage industry segment is estimated to expand at the most rapid CAGR throughout the forecast period 

Based on the end-user, the aluminum UBC scrap recycling market is divided into the beverage industry, automotive industry, construction industry, consumer goods, and others. Among these, the beverage industry segment is estimated to expand at the most rapid CAGR throughout the forecast period. UBCs are lightweight, durable aluminum cans with a thin polymer coating that are used in the beverage industry to package and transport beverages, such as energy drinks, soda, beer, and other canned goods while maintaining their flavor and freshness.

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Asia Pacific is estimated to hold the largest share of the aluminum UBC scrap recycling market over the forecast period.

Asia Pacific is estimated to hold the largest share of the aluminum UBC scrap recycling market over the forecast period. Increased awareness of sustainability and the demand for recycled aluminum in a variety of applications, including construction, packaging, and transportation, are driving growth in the Asia Pacific market, which is also being fueled by the presence of major manufacturing companies.

Europe is predicted to have the fastest CAGR growth in the aluminum UBC scrap recycling market over the forecast period. The Circular Aluminium Action Plan (CAAP), created by European Aluminium, aims to increase recycling rates, lower carbon emissions, and embrace a circular approach to promote aluminum recycling in Europe. Recycling rates for packaging materials have declined, though, as a result of the lack of recycling in many EU member states.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the aluminum UBC scrap recycling market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major key players in the aluminum UBC scrap recycling market include Novelis Inc., Alcoa Corporation, Hydro Extruded Solutions, Real Alloy, Sims Metal Management Limited, Schnitzer Steel Industries, ArcelorMittal, Ardagh Group, Kaiser Aluminum Corporation, Hulamin Ltd., Dowa Holdings Co., Tomra Systems ASA, and Others.

Recent Development

• In February 2024, the terms and process of Alcoa’s acquisition of Alumina Limited have been agreed upon, pending the execution of a scheme implementation agreement.

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 2023 to 2033. Spherical Insights has segmented the aluminum UBC scrap recycling market based on the below-mentioned segments:

Global Aluminum UBC Scrap Recycling Market, By Process Type

• Clean UBC
• Contaminated UBC

Global Aluminum UBC Scrap Recycling Market, By Recycling Method

• Mechanical Recycling
• Shredding
• Sorting
• Melting
• Others
• Chemical Recycling
• Pyrolysis
• Solvolysis
• Others

Global Aluminum UBC Scrap Recycling Market, By Source

• Household Waste
• Commercial Waste
• Industrial Waste

Global Aluminum UBC Scrap Recycling Market, By Application

• Re-melting & Refining
• Manufacturing

Global Aluminum UBC Scrap Recycling Market, By End User

• Beverage Industry
• Automotive Industry
• Construction Industry
• Consumer Goods
• Others

Global Aluminum UBC Scrap Recycling Market, By Regional Analysis

• 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

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