In 2023, the net receipts of purchased aluminum new scrap can stock clippings at other consumers in the US stood at a value we assume to be lower than the following years' forecasts. The forecast data illustrates a steady increase from 2024 to 2028, starting at 314.85 thousand metric tons in 2024 and reaching 365.94 thousand metric tons by 2028. This represents an average compound annual growth rate (CAGR) across these years. Each year shows a positive year-on-year growth, underscoring the anticipated rising demand or usage of can stock clippings within other consumer categories.
Future trends to watch for:
- Potential impacts of stricter environmental regulations on aluminum recycling practices.
- Technological advancements that could increase the efficiency of aluminum recycling.
- Fluctuations in the global aluminum market that could affect local scrap processing and consumption.
- Changes in consumer preferences towards more sustainable packaging solutions influencing supply and demand dynamics.
