Global Aluminum UBC Scrap Recycling Market Insights Forecasts to 2033

• The Market Size is Growing at a Substantial CAGR of 7.9% from 2023 to 2033
• The Worldwide Aluminum UBC Scrap Recycling Market Size is Expected to Hold a Significant Share by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Aluminum UBC Scrap Recycling Market Size is Anticipated to Hold a Significant Share by 2033, Growing at a CAGR of 7.9% during the projected period.

Market Overview

Aluminium UBC (Used Beverage Can) scrap recycling refers to the collection, sorting, and processing of used and discarded aluminium cans. These cans are a great resource of material that is recyclable because aluminium is completely recyclable without losing quality. Aluminium markets rely on both primary and recycled metal sources to meet demand. Aluminium is in high demand and has a long lifespan, making it a sustainable material for the foreseeable future. The total volume of primary metal will continue to be far more than that of recycled metal. As more sectors decide to use aluminium for their products, the demand for recycled aluminium grows. Recycled aluminium UBC is less expensive and more easily available than virgin aluminium, making it a popular choice for many businesses. Recycling aluminium UBC benefits a wide range of industries, including automotive, aircraft, packaging, construction, and consumer products. These sectors are progressively including recycled aluminium in their manufacturing processes. Presenting the concept of recycling aluminium as part of a circular economy promotes a shift in thinking towards sustainable consumption and resource conservation. All of these variables are expected to boost the aluminium UBC scrap recycling market's growth.

Report Coverage

This research report categorizes the market for the aluminum UBC scrap recycling market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the aluminum UBC scrap recycling market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the aluminum UBC scrap recycling market.

Driving Factors

Recycling aluminium UBC scrap helps the environment because it conserves natural resources (bauxite ore, the primary source of aluminium), saves energy, and lowers landfill waste. In addition, recycling aluminium significantly reduces greenhouse gas emissions when compared to generating aluminium from raw sources. As a result, recycling aluminium UBC trash has both environmental and economic benefits. Continuous advancements in recycling technology have increased productivity and lowered costs, making recovered aluminium more competitive in terms of quality and price. Consumers are increasingly drawn to products and businesses that prioritize sustainability.

Restraining Factors

While aluminium is highly recyclable, technological restrictions in sorting, cleaning, and processing might present difficulties. The technology continues to advance to enhance efficiency and lower costs related to recovering aluminium UBC scrap.

Market Segmentation

The aluminum UBC scrap recycling market share is classified into process type, recycling method, source, application, and end user.

• The clean UBC segment is expected to hold the largest share of the aluminum UBC scrap recycling market during the forecast period.   

Based on the process type, the aluminum UBC scrap recycling market is categorized into clean UBC, and contaminated UBC. Among these, the clean UBC segment is expected to hold the largest share of the aluminum UBC scrap recycling market during the forecast period. Clean UBCs are easier and more affordable to process in recycling operations. They require less sorting and cleaning, resulting in higher total recycling efficiency. Encouraging customers to return clean UBCs for recycling fosters beneficial recycling habits. Clear messaging about the need for cleanliness can help raise public awareness and participation in recycling programming.

• The chemical recycling segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the recycling method, the aluminum UBC scrap recycling market is categorized into mechanical recycling, and chemical recycling. Among these, the chemical recycling segment is expected to grow at the fastest CAGR during the forecast period. Chemical recycling procedures use lower temperatures and pressures, resulting in lower energy usage and greenhouse gas emissions as compared to standard aluminium production methods. Chemical recycling systems can absorb a wide range of feedstocks, including mixed plastics, waste materials, and UBCs. This adaptability can help manage various waste streams and improve overall waste management procedures.

• The commercial waste segment is expected to hold a significant share of the aluminum UBC scrap recycling market during the forecast period.

Based on the source, the aluminum UBC scrap recycling market is categorized into household waste, commercial waste, and industrial waste. Among these, the commercial waste segment is expected to hold a significant share of the aluminum UBC scrap recycling market during the forecast period. Consumers can also recycle UBCs by making them in specified recycling bins or transporting them to recycling centres. Many cities and communities have implemented recycling programs to help collect UBCs from households.

• The re-melting & refining segment is predicted to dominate the aluminum UBC scrap recycling market during the forecast period.

Based on the application, the aluminum UBC scrap recycling market is categorized into re-melting & refining, and manufacturing. Among these, the re-melting & refining segment is predicted to dominate the aluminum UBC scrap recycling market during the forecast period. By remelting and refining aluminium scrap, precious resources like bauxite ore and other raw materials are preserved. This decreases the environmental impact of mining and protects natural habitats. Remelting and refining aluminium scrap divert waste from landfills and minimizes the amount of municipal solid waste. Aluminium is indefinitely recyclable, which means it can be frequently recycled without losing its qualities.

• The beverage industry sector is estimated to expand at the most rapidly CAGR throughout the forecast period.

Based on the end user, the aluminium UBS scrap recycling market is categorized into beverage industry, automotive industry, construction industry, consumer goods, and others. Among these, the beverage industry sector is estimated to expand at the most rapidly CAGR throughout the forecast period. UBCs in the beverage sector are primarily manufactured of aluminium, with a thin layer of polymer coating inside to keep the beverage from interacting with the metal. This structure makes them lightweight, resilient, and great for keeping beverages fresh and flavorful. The beverage sector especially refers to aluminium cans used to package and transport beverages including soda, beer, energy drinks, and other canned beverages.

Regional Segment Analysis of the Global Aluminum UBC Scrap Recycling Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

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

Asia Pacific is projected to hold the largest share of the aluminum UBC scrap recycling market over the forecast period. The growing awareness of sustainability and the desire to decrease carbon footprints is influencing market dynamics in the region. The presence of significant manufacturing enterprises accelerates market expansion in Asia Pacific. The growing need for recycled aluminium in a variety of applications, including transportation, packaging, and building and construction, is accelerating market growth in Asia Pacific.

Europe is expected to grow at the fastest CAGR growth of the aluminum UBC scrap recycling market during the forecast period. European Aluminium, an industry association that represents the whole aluminium value chain, has developed the Circular Aluminium Action Plan (CAAP) to promote aluminium recycling throughout Europe. CAAP aims to increase recycling rates, reduce carbon emissions, and promote a circular approach to aluminium production and use. The majority of EU member states are at the point of entry into a recycling (melting or processing) plant, rather than during the collection phase. As a result, several packaging materials' recycling rates have dropped.

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.

List of Key Companies

• 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
• Others

Key Market Developments

• In February 2024, Alcoa announced that it has reached an agreement with Alumina Limited on the terms and procedure of acquiring Alumina Limited, subject to the signing of a scheme implementation agreement.
• In August 2023, Sims Metal has announced plans to buy the assets of Baltimore Scrap Corp (BSC), a metal recycler established in the United States, and its affiliates. The total consideration for the transaction is US$177 million, plus working capital and other adjustments to be determined at the close. The purchase suggests a 5.4x EV/EBITDA multiple based on a three-year trailing average before synergies.

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 2020 to 2033. Spherical Insights has segmented the global 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

• 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