In 2023, the net receipts of purchased aluminum old scrap aluminum cans at other consumers in the US stood at approximately 402.0 thousand metric tons. Based on the forecasted data, a steady decline is projected from 2024 to 2028. The year-on-year variation shows a consistent decrease, with each year witnessing a reduction by around 1.36% from 2024 to 2025, 1.35% from 2025 to 2026, 1.37% from 2026 to 2027, and 1.37% from 2027 to 2028. The compound annual growth rate (CAGR) for this five-year forecasted period suggests an average annual drop of about 1.36%.
Future trends to watch for:
- Environmental policies affecting the recycling rates and production of aluminum cans.
- Technological advancements in recycling processes that could impact scrap aluminum supply and demand.
- Market shifts due to changes in consumer preferences towards sustainable packaging.
- Potential economic factors influencing the consumption patterns in the aluminum market.
