The global beverage cans market was valued at USD 41.14 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030. This growth can largely be attributed to the rising global consumption of beverages such as carbonated soft drinks, beer, and cider, all of which significantly contribute to the demand for beverage cans. As consumer preferences continue to evolve towards ready-to-drink options, the need for practical, efficient packaging solutions like beverage cans is increasing.

One of the major drivers of the beverage cans market is the high recycling rate of aluminum cans. Aluminum, being 100% recyclable, is favored for its sustainability. The ability to recycle aluminum cans repeatedly without degrading the material quality contributes to their growing popularity. This also appeals to consumers and industries focused on reducing environmental impact. In addition to this environmental benefit, aluminum cans also have superior physical properties compared to alternative materials such as plastic or glass. For instance, aluminum cans offer better insulation, which helps preserve the beverage's temperature and flavor, and they are lighter and more durable than glass containers.

Beverage cans offer a range of benefits that are driving their demand, particularly in urban and fast-paced environments. Their convenience and portability make them an attractive choice for on-the-go consumption. Cans are lightweight, easy to carry, and can be resealed, which gives consumers the flexibility to enjoy their drinks whenever and wherever they prefer. These factors are especially appealing to people with busy lifestyles, such as urban dwellers who rely on practical packaging for their everyday beverages.

Gather more insights about the market drivers, restrains and growth of the Beverage Cans Market

Regional Insights

North America Beverage Cans Market

 In 2023, North America held the largest revenue share of 36.0% in the global beverage cans market. The region’s dominance can be attributed to several key factors, including the high consumption of canned beverages during major sporting events like Major League Baseball (MLB) games, where the portability and convenience of beverage cans play a crucial role. These events often see a surge in demand for canned beverages such as beer, soft drinks, and energy drinks, further driving the market’s growth.

U.S. Beverage Cans Market Trends

 In the U.S., the beverage cans market is heavily influenced by the high demand for soft drinks and beer, both of which are increasingly packaged in aluminum cans. The U.S. market is characterized by a significant consumption of beverages like cold coffee, fruit juices, frappes, iced teas, and flavored sodas, which are often sold in cans due to their convenience and portability. Moreover, the growing trend of regulations on single-use plastic packaging in the U.S. is likely to further drive the demand for metal cans, as various states—including California, Connecticut, and New York—have banned single-use plastics to curb environmental pollution. This shift towards metal packaging solutions will benefit the growth of the beverage cans market as an eco-friendly alternative to plastic.

Canada Beverage Cans Market

 In Canada, the beverage cans market is also expected to witness steady growth, primarily driven by increased aluminum recycling rates. The Canadian government has made significant efforts to improve aluminum waste collection and recycling programs, which enhances the supply of metal for beverage can production. A notable development in the country includes the Matalco joint venture between Rio Tinto and Giampaolo Group, which aims to meet the growing demand for low-carbon aluminum. This collaboration will help ensure a steady supply of high-quality aluminum, supporting the growth of beverage cans manufacturing in Canada. This initiative is especially important as the demand for recycled aluminum is rising in sectors like transportation, construction, and packaging.

Europe Beverage Cans Market: 

Europe represents the second-largest region in the beverage cans market, contributing 25.3% of the global revenue in 2023. The demand for beverage cans in Europe is being driven by personalization trends and the increasing demand for sustainable packaging solutions. The region is home to some of the world’s largest beverage manufacturers, such as AB InBev, Heineken, and PepsiCo, all of which contribute significantly to the beverage cans market. These companies are adopting sustainable practices and increasing the use of recyclable packaging to meet consumer demand for eco-friendly options.

In France, the beverage cans market is expected to grow at a CAGR of 3.4% during the forecast period. This growth is fueled by the rising demand for sustainable and recyclable packaging solutions, with major consumer brands in France transitioning towards metal packaging to reduce the environmental impact of plastic packaging. France has seen several large corporations, including beverage giants like Coca-Cola Europacific Partners and Nestlé France, committing to sustainability by opting for more aluminum and steel cans in their packaging portfolios.

Asia Pacific Beverage Cans Market: 

The Asia Pacific region is expected to witness the fastest growth in the beverage cans market, with a projected CAGR of 7.0% from 2024 to 2030. This growth is driven by the increasing demand for packaged beverages in emerging economies like India, China, and Australia, where consumer preferences are shifting towards convenient, ready-to-drink beverages. In addition, urbanization and rising disposable incomes in these regions are making it easier for consumers to access packaged beverages, further boosting the demand for beverage cans.

In China, the beverage cans market is expected to grow steadily due to the presence of major aluminum manufacturers such as Aluminum Corporation of China Limited and Shandong Xinfa Aluminium Group, which ensure a continuous and cost-effective supply of metal for beverage can production. Although the recycling rate of aluminum in China is relatively low compared to developed economies, the country’s ample production of low-cost virgin aluminum supports the growing demand for beverage cans.

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• The Europe food cans market size was estimated at USD 9.96 billion in 2024 and is projected to grow at a CAGR of 2.1% from 2025 to 2030. 

• The global food containers market size was valued at USD 331.7 billion in 2024 and is projected to grow at a CAGR of 4.5% from 2025 to 2030.

Key Beverage Cans Company Insights

The beverage cans market is highly competitive, with several major players involved in product innovation and expansion efforts. Companies are adopting both organic and inorganic growth strategies, such as new product launches, joint ventures, and acquisitions, to strengthen their market positions.

For example:

• NOMOQ, a leading provider of digitally printed cans in Europe, launched its Blank Cans Service in January 2024. This service includes undecorated aluminum cans, providing greater flexibility and customization options for European beverage brands looking to create unique packaging for their products.

• In June 2023, Ball Corporation showcased its latest aluminum can and bottle portfolio at the BevNET Live Summer 2023 event, which included new supply locations for smaller can sizes and its exclusive Alumi-Tek aluminum bottles. The company is also focusing on expanding its portfolio of innovative packaging solutions to meet evolving consumer demands in the beverage packaging industry.

Key Beverage Cans Companies:

The following are the leading companies in the Beverage Cans market. These companies collectively hold the largest market share and dictate industry trends.

• Ball Corporation

• Ardagh Group S.A.

• Toyo Seikan Co., Ltd.

• CPMC Holdings Limited

• Orora Packaging Australia Pty. Ltd.

• CANPACK

• Crown Holdings, Inc.

• Mahmood Saeed Can and End Industry Company Limited (MSCANCO)

• Kian Joo Can Factory Berhad

• SWAN Industries (Thailand) Company Limited

• GZI Industries Limited

• Olayan Group

• Bangkok Can Manufacturing

• Nampak Ltd.

• Envases Group

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