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    Beverage Cans Market

    ID: MRFR/PNT/3742-HCR
    188 Pages
    Snehal Singh
    September 2025

    Beverage Cans Market Research Report Information Report by Material (Aluminum and Steel), by Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices and others) and By Region - Global Forecast To 2035

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    Beverage Cans Market Infographic
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    Beverage Cans Market Summary

    As per Market Research Future Analysis, the Beverage Cans Market was valued at USD 29.59 Billion in 2024 and is projected to grow from USD 29.59 Billion in 2024 to USD 44.22 Billion by 2035, with a CAGR of 3.7% during the forecast period (2024 - 2032). The market is primarily driven by the increasing demand for aluminum cans due to their recyclability and safety compared to plastic. The COVID-19 pandemic significantly boosted demand, increasing market growth by an estimated 3.1% annually. Major companies are investing in R&D and strategic partnerships to innovate and expand their product offerings.

    Key Market Trends & Highlights

    The Beverage Cans Market is experiencing significant growth driven by sustainability and innovation.

    • Market Size in 2024: USD 29.59 Billion
    • Projected Market Size by 2035: USD 44.22 Billion
    • CAGR from 2025 to 2035: 3.72%
    • COVID-19 impact: Estimated growth boost of 3.1% annually

    Market Size & Forecast

    2024 Market Size USD 29.59 Billion
    2035 Market Size USD 44.22 Billion

    Major Players

    BWAY Corporation (U.S.), Kian Joo Can Factory Berhad (Malaysia), Toyo Seikan Group Holdings, Ltd. (Japan), CPMC Holdings Ltd. (China), Orora Packaging Australia Pty Ltd (Australia), HUBER Packaging Group GmbH (Germany), Crown Holdings Incorporated (U.S.), Ball Corporation (U.S.), Ardagh Group (Luxembourg), Silgan Holdings Inc. (U.S.), Can-Pack SA (Poland)

    Beverage Cans Market Drivers

    Emerging Markets Growth

    Emerging markets are playing a pivotal role in the expansion of the Global Beverage Cans Market Industry. Regions such as Asia-Pacific and Latin America are experiencing rapid urbanization and rising disposable incomes, leading to increased consumption of packaged beverages. As these markets develop, the demand for convenient and sustainable packaging solutions is expected to grow. Beverage cans, with their recyclability and portability, are well-suited to meet this demand. Companies that strategically invest in these emerging markets may capitalize on the growth potential, contributing to the overall market expansion.

    Innovations in Can Design

    Innovations in can design are reshaping the Global Beverage Cans Market Industry. Manufacturers are exploring new shapes, sizes, and functionalities to attract consumers. For instance, the introduction of sleek, lightweight cans enhances portability while maintaining product integrity. Additionally, advancements in printing technology allow for vibrant, eye-catching designs that appeal to younger demographics. These innovations not only improve the aesthetic appeal of beverage cans but also contribute to brand differentiation in a competitive market. As companies continue to invest in design innovations, the market is likely to experience sustained growth, potentially reaching a CAGR of 3.7% from 2025 to 2035.

    Market Growth Projections

    The Global Beverage Cans Market Industry is projected to experience robust growth over the coming years. With a market size anticipated to reach 29.6 USD Billion in 2024, the industry is on a trajectory towards 44.1 USD Billion by 2035. This growth is underpinned by a compound annual growth rate (CAGR) of 3.7% from 2025 to 2035. Factors such as sustainability, convenience, and health trends are driving this expansion. As companies adapt to changing consumer preferences and invest in innovative packaging solutions, the market is likely to witness sustained growth, reflecting the evolving landscape of the beverage industry.

    Health and Wellness Trends

    The Global Beverage Cans Market Industry is increasingly shaped by health and wellness trends. Consumers are gravitating towards beverages that promote health benefits, such as low-calorie, organic, and functional drinks. This shift is prompting beverage manufacturers to reformulate products and package them in cans, which are perceived as healthier alternatives to plastic bottles. The rise of health-conscious consumers is driving innovation in product offerings, leading to a broader range of beverages available in cans. This trend is expected to bolster the market, as companies align their strategies with consumer preferences for healthier options.

    Sustainability Initiatives

    The Global Beverage Cans Market Industry is increasingly influenced by sustainability initiatives. As consumers become more environmentally conscious, the demand for recyclable packaging solutions rises. Beverage cans, made primarily from aluminum and steel, are highly recyclable, with recycling rates exceeding 70 percent in many regions. This shift towards sustainable practices is not only driven by consumer preferences but also by regulatory pressures aimed at reducing plastic waste. Companies are investing in eco-friendly production processes, which may enhance their market position. The industry's commitment to sustainability is likely to contribute to its growth, with the market projected to reach 29.6 USD Billion in 2024.

    Rising Demand for Convenience

    The Global Beverage Cans Market Industry is witnessing a surge in demand for convenience-oriented packaging. As lifestyles become increasingly fast-paced, consumers favor ready-to-drink beverages that require minimal preparation. Beverage cans offer portability and ease of use, making them a preferred choice for on-the-go consumption. This trend is particularly evident in the soft drink and energy drink segments, where single-serve cans dominate. The convenience factor is expected to drive market growth, with projections indicating a market size of 44.1 USD Billion by 2035. Companies that adapt to this consumer preference may find themselves well-positioned in the evolving landscape.

    Key Companies in the Beverage Cans Market market include

    Industry Developments

    In May 2023,

    Ball Corporation, a leading beverage can manufacturer, announced plans to invest $1 billion in new can manufacturing capacity in the United States. This investment is being driven by the growing demand for beverage cans, particularly in the beer and hard seltzer categories.

    In June 2023,

    Crown Holdings, another leading beverage can manufacturer, announced plans to acquire Rexam PLC, a British beverage can manufacturer. This acquisition will create the world's largest beverage can manufacturer.

    In July 2023,

    Coca-Cola announced that it would be switching to 100% recyclable beverage cans in all of its markets by 2025. This is a major step towards reducing the environmental impact of beverage cans.

    In August 2023,

    Anheuser-Busch announced that it would be launching a new line of canned cocktails in the United States. This is a growing trend in the beverage industry, as canned cocktails are seen as a convenient and portable way to enjoy alcoholic beverages.

    In July 2022

    , Canpack S.A., a subsidiary of the Canpack Group, announced plans to build a new aluminum can manufacturing facility in Poços de Caldas, Minas Gerais, Brazil. The initial total capacity at the new plant will be around 1.3 billion cans per year at a cost of $140 million approximately.

    In October 2020

    , Ball Corporation entered into a partnership with Kroenke Sports & Entertainment, advancing sustainability through aluminum beverage packaging

    Crown Embalagens Metálicas da Amazônia has teamed up with local beverage producer Socorro Bebidas from Brazil to launch Socorro’s new range of flavored mineral waters in CrownSleek cans (Stilwell, 2022). Acquíssima Sabor flavored mineral water contains no calories and is available in a 350ml CrownSleek can be supplied by Acquíssima’s parent company, Crown Holdings’ affiliate firm, Crown Embalagens Metálicas da Amazônia.

    Currently being sold at various restaurants as well as Acquíssima stores and supermarkets across Brazil, these recently launched products were meant for the health concerned customers and came in two flavors: Lychee and Green Apple, according to Socorro commercial director Maurício Cruz. “With this latest addition to our Acquíssima portfolio,” said Socorro commercial director Maurício Cruz.

    Meanwhile, Aurora Cannabis Inc., which trades on NASDAQ: ACB TSX: ACB stock exchanges, has a presence in Canada and international markets as one of the leading medical cannabis businesses worldwide. In its operations, the company is focusing on launching three new cannabis-infused beverages that would be exclusively available to veterans first. In order to help patients who are seeking alternative ways of using marijuana for health reasons such as taste or strength, this release of drinks was made.

    For instance, Neon Rush, Strawberry Pineapple Tropical Fizz, and Pineapple Coconut Fizz are among three fruity flavors of these Vacay- and Versus-produced offerings that can be purchased at Aurora Medical; three cannabis-infused products produced by Vacay and Versus (Tatham & Ochieng’, 2022) respectively. The new cannabis-infused beverages have been crafted with SōRSE® emulsion technology for little to no cannabis aroma or taste and may be bought in 355ml cans.

     

    Future Outlook

    Beverage Cans Market Future Outlook

    The Beverage Cans Market is projected to grow at a 3.72% CAGR from 2025 to 2035, driven by sustainability trends, increased demand for convenience, and innovations in can design.

    New opportunities lie in:

    • Invest in eco-friendly materials to enhance sustainability and attract environmentally conscious consumers.
    • Develop smart beverage cans with integrated technology for enhanced user engagement and brand loyalty.
    • Expand product lines to include premium and craft beverages, catering to evolving consumer preferences.

    By 2035, the Beverage Cans Market is expected to demonstrate robust growth, reflecting evolving consumer demands and innovative advancements.

    Market Segmentation

    By materials

    • Steel
    • Aluminum

    By application

    • Others
    • Fruit and vegetable juices
    • Alcoholic drinks
    • Carbonated soft drinks

    Regional analysis

    • The rest of the world
    • The Asia-Pacific region
    • The European Union
    • North America

    List of the Major Companies in the Beverage Cans Market are

    • Among others.
    • Can-Pack SA, (Poland)
    • Silgan Holdings Inc. (U.S.), and
    • Ardagh Group (Luxembourg),
    • Ball Corporation (U.S.),
    • Crown Holdings Incorporated (U.S.),
    • HUBER Packaging Group GmbH (Germany),
    • Orora Packaging Australia Pty Ltd (Australia),
    • CPMC Holdings Ltd. (China),
    • Toyo Seikan Group Holdings, Ltd. (Japan),
    • Kian Joo Can Factory Berhad (Malaysia),
    • BWAY Corporation (U.S.),

    Report Scope

    Attribute/Metric Details
    Market Size 2024 USD 29.59 billion
    Market Size 2035 44.22
    Compound Annual Growth Rate (CAGR) 3.72% (2025 - 2035)
    Base Year 2024
    Forecast Period 2025 - 2035
    Historical Data 2019 & 2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Material, and Application
    Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
    Countries Covered The U.S, Canada, Germany, UK, China, Japan, India, Australia, South Korea.
    Key Companies Profiled BWAY Corporation (U.S.), Kian Joo Can Factory Berhad (Malaysia), Toyo Seikan Group Holdings, Ltd. (Japan), CPMC Holdings Ltd. (China), Orora Packaging Australia Pty Ltd (Australia), HUBER Packaging Group GmbH (Germany), Crown Holdings Incorporated (U.S.), Ball Corporation (U.S.), Ardagh Group (Luxembourg), Silgan Holdings Inc. (U.S.), and Can-Pack SA, (Poland)
    Key Market Opportunities  New product launches and R&D amongst major key players
    Key Market Dynamics Advanced technology in packaging Increased recycling activities undertaken by the regulatory bodies Increase in purchasing power
    Market Size 2025 30.69

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    What are the key regions burgeoning with the highest share of beverage cans market?

    North America, Europe, Asia Pacific, and Rest of the World (RoW) are the key regions burgeoning with the highest share of beverage cans market.

    Which region is going to grow at the highest CAGR in the future?

    Asia Pacific is going to grow at the highest CAGR in the future.

    What are the main segments mentioned in the study of the beverage cans market?

    Materials and applications are the main segments mentioned in the beverage cans market.

    What is the recorded CAGR of the beverage cans market?

    The beverage cans market recorded CAGR of 3.7%.

    Who are the top key players investing heavily in the beverage cans market?

    Kian Joo Can Factory Berhad (Malaysia), BWAY Corporation (U.S.), CPMC Holdings Ltd. (China), Toyo Seikan Group Holdings, Ltd. (Japan) are the top key players investing heavily in the beverage cans market.

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