Beverage Cans Market Size

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 Size

Beverage Cans Market Growth Projections and Opportunities

The beverage cans market is influenced by many market factors that make it dynamic. The main driving force behind this industry is the need for sustainable and convenient packaging solutions. With increased awareness about environmental issues, consumers have discovered beverage cans as a recyclable and sustainable alternative to traditional packaging. Furthermore, another major factor impacting the market includes the increasing consumption of ready-to-drink beverages. A busy lifestyle and a preference for on-the-go products have made beverage cans attractive to both producers and customers. Their popularity has been enhanced by the ability of these cans to keep drinks fresh and good for drinking with portability. Economic factors play an important role in shaping the beverage cans market. Changes in prices of raw materials like aluminum would directly affect production costs. In addition, changes in prices may dictate how manufacturers price their products across the entire market. Packaging technology innovation is another important driver in this market. Advancements in design, materials, and manufacturing processes contribute towards product differentiation, which drives the demand curve upwards for this product category by addressing evolving consumer preferences. Government rules coupled with environmental policies are among the issues affecting the beverage can industry landscape. Strict regulations against single-use plastics have led to various forms of eco-friendly packaging options, and beverage cans have become one of them as they recycle well after use. Recycling initiatives, as well as government awareness campaigns, are also responsible for the massive adoption of these containers since they are recyclable and environmentally friendly. Factors such as mergers, acquisitions, and partnerships affect competitive dynamics within markets. The companies involved in merger activities or partnership arrangements aim to strengthen their positions in markets, which will enhance their sales volume. This results in the continued introduction of innovative products, thus maintaining a strong brand presence. Competitive dynamics within markets involve certain business operations such as negotiations, collaborations, mergers, and acquisitions that are aimed at helping firms gain huge revenue shares. Therefore, the most significant concept behind competition is entrants strategies that are based on product development and improvement. Market globalization and shift in cultural values also affect the beverage cans market. For example, there is a rising trend of healthy eating and living, which in turn has made people shift to natural juices or functional drinks. This change determines the specific kinds of drinks put in cans, thus driving the market to healthier and more diversified products.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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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
CAGR (2024-2035)	3.72%

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)

Market Trends

The global beverage cans market is poised for continued growth, driven by increasing consumer preference for sustainable packaging solutions and the rising demand for ready-to-drink beverages.

U.S. Department of Commerce

Beverage Cans Market 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.

Market Segment Insights

Regional Insights

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

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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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.

Table of Contents
1 Executive Summary
2 Scope of the Report
1. Market Definition
2. Scope of the Study
  1. Definition
  2. Research Objective
  3. Assumptions
  4. Limitations
3. Research Process
  1. Primary Research
  2. Secondary Research
4. Market size Estimation
5. Forecast Model
3 Market Landscape
1. Porter’s Five Forces Analysis
  1. Threat of New Entrants
  2. Bargaining power of buyers
  3. Bargaining power of suppliers
  4. Threat of substitutes
  5. Segment rivalry
2. Value Chain/Supply Chain Analysis
4 Market Dynamics
1. Introduction
2. Market Drivers
3. Market Restraints
4. Market Opportunities
5. Market Trends
5 Global Beverage Cans Market, By Material
1. Introduction
2. Aluminum
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Region, 2020-2027
3. Steel
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Region, 2020-2027
6 Global Beverage Cans Market, By Application
1. Introduction
2. Carbonated Soft Drinks
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Region, 2020-2027
3. Alcoholic Beverages
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Region, 2020-2027
4. Fruit & Vegetable Juices
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Region, 2020-2027
5. Others
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Region, 2020-2027
7 Global Beverage Cans Market, By Region
1. Introduction
2. North America
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Material, 2020-2027
  3. Market Estimates & Forecast by Application, 2020-2027
  4. The U.S
  5. Canada
3. Europe
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Material, 2020-2027
  3. Market Estimates & Forecast by Application, 2020-2027
  4. U.K
  5. Germany
  6. France
  7. Italy
  8. Rest of Europe
4. Asia Pacific
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Material, 2020-2027
  3. Market Estimates & Forecast by Application, 2020-2027
  4. China
  5. Japan
  6. India
  7. Rest of Asia Pacific
5. Rest of the World
  1. Market Estimates & Forecast, 2020-2027
  2. Market Estimates & Forecast by Material, 2020-2027
  3. Market Estimates & Forecast by Application, 2020-2027
8 Competitive Landscape
9 Company Profile
1. BWAY Corporation
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
2. Kian Joo Can Factory Berhad
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
3. Toyo Seikan Group Holdings, Ltd
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
4. CPMC Holdings Ltd
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
5. Orora Packaging Australia Pty Ltd
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
6. HUBER Packaging Group GmbH
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
7. Crown Holdings Incorporated
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
8. Ball Corporation
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
9. Ardagh Group
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
10. Silgan Holdings Inc.
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
11. Can-Pack SA
  1. Company Overview
  2. Products/Services Offering
  3. Financial Overview
  4. Key Developments
  5. Strategy
  6. SWOT Analysis
List of Tables and Figures
1. List Of Tables
2. Table 1 Global Beverage Cans Market: By Region, 2020-2027
3. Table 2 North America Beverage Cans Market: By Country, 2020-2027
4. Table 3 Europe Beverage Cans Market: By Country, 2020-2027
5. Table 4 Asia Pacific Beverage Cans Market: By Country, 2020-2027
6. Table 5 RoW Beverage Cans Market: By Country, 2020-2027
7. Table 6 Global Beverage Cans Market, by Material, By Regions, 2020-2027
8. Table 7 North America Beverage Cans Market, by Material, By Country, 2020-2027
9. Table 8 Europe Beverage Cans Market, by Material, By Country, 2020-2027
10. Table 9 Asia Pacific Beverage Cans Market by Material, By Country, 2020-2027
11. Table 10 RoW Beverage Cans Market by Material, By Country, 2020-2027
12. Table 11 Global Beverage Cans Market by Application By Regions, 2020-2027
13. Table 12 North America Beverage Cans Market by Application : By Country, 2020-2027
14. Table 13 Europe Beverage Cans Market by Application : By Country, 2020-2027
15. Table 14 Asia Pacific Beverage Cans Market by Application : By Country, 2020-2027
16. Table 15 RoW Beverage Cans Market by Application : By Country, 2020-2027
17. Table 16 Global Material Market: By Region, 2020-2027
18. Table 17 Global Application Market: By Region, 2020-2027
19. Table 18 North America Beverage Cans Market, By Country
20. Table 19 North America Beverage Cans Market, By Material
21. Table 20 North America Beverage Cans Market, By Application
22. Table 21 Europe: Beverage Cans Market, By Country
23. Table 22 Europe: Beverage Cans Market, By Material
24. Table 23 Europe: Beverage Cans Market, By Application
25. Table 24 Asia Pacific: Beverage Cans Market, By Country
26. Table 25 Asia Pacific: Beverage Cans Market, By Material
27. Table 26 Asia Pacific: Beverage Cans Market, By Application
28. Table 27 RoW: Beverage Cans Market, By Region
29. Table 28 RoW Beverage Cans Market, By Material
30. Table 29 RoW Beverage Cans Market, By Application List Of Figures
31. FIGURE 1 RESEARCH PROCESS OF MRFR
32. FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
33. FIGURE 3 Market Dynamics
34. FIGURE 4 Impact analysis: market drivers
35. FIGURE 5 Impact analysis: market restraints
36. FIGURE 6 Porter’s five forces analysis
37. FIGURE 7 Value chain analysis
38. FIGURE 8 GLOBAL Beverage Cans MARKET SHARE, BY Material, 2020 (%)
39. FIGURE 9 GLOBAL Beverage Cans MARKET, BY Material, 2020-2027 (USD MILLION)
40. FIGURE 10 GLOBAL Beverage Cans MARKET SHARE, BY Application, 2020 (%)
41. FIGURE 11 GLOBAL Beverage Cans MARKET, BY Application, 2020-2027 (USD MILLION)
42. FIGURE 12 GLOBAL Beverage Cans MARKET SHARE (%), BY REGION, 2020
43. FIGURE 13 GLOBAL Beverage Cans MARKET, BY REGION, 2020-2027 (USD MILLION)
44. FIGURE 14 North America Beverage Cans MARKET SHARE (%), 2020
45. FIGURE 15 North America Beverage Cans MARKET BY Country, 2020-2027 (USD MILLION)
46. FIGURE 16 Europe Beverage Cans MARKET SHARE (%), 2020
47. FIGURE 17 Europe Beverage Cans MARKET BY Country, 2020-2027 (USD MILLION)
48. FIGURE 18 Asia Pacific Beverage Cans MARKET SHARE (%), 2020
49. FIGURE 19 Asia Pacific Beverage Cans MARKET BY Country, 2020-2027 (USD MILLION)
50. FIGURE 20 Rest of the World Beverage Cans MARKET SHARE (%), 2020
51. FIGURE 21 Rest of the World Beverage Cans MARKET BY Country, 2020-2027 (USD MILLION)

Beverage Cans Market Segmentation

Market Segmentation Overview

Detailed segmentation data will be available in the full report
Comprehensive analysis by multiple parameters
Regional and country-level breakdowns
Market size forecasts by segment

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Customer Strories

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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