What Does the Historical and Current Beverage Can Market Size Trend Indicate?
The beverage can market has seen considerable growth due to a variety of factors.
•The size of the beverage can market has been progressively increasing over the past years. Its growth is projected to rise from $33.64 billion in 2024 to $35.31 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%.
The previous growth can be credited to factors like the transition from glass to can packaging, heightened consumer preference for convenience, augmented sustainability and recycling efforts, bolstered brand differentiation and marketing strategies, and cost efficiency in production.
How Will the Beverage Can Market Size Evolve over the Forecast Period?
The beverage can market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the beverage can market is set to experience robust expansion and is projected to reach a size of "$44.89 billion in 2029, expanding at a compound annual growth rate (CAGR) of 6.2%.
Factors influencing this growth during the predicted period include the increasing popularity of health and wellness trends, expansion of e-commerce, proliferation of non-alcoholic beverages, advancements in materials and manufacturing processes, and global economic growth. Key trends expected to shape the market during the forecast period involve sustainability and environmentally friendly packaging, creative can designs, pragmatic packaging, reduction in weight and material innovation, digital printing and labeling, as well as supply chain resilience.
What Factors Are Driving Growth In The Beverage Can Market?
The escalating consumption of beverages is anticipated to spur the expansion of the beverage can market. Beverage encompasses any consumable liquid, specifically those that aren't water. Aluminum cans, widely used as a storage and distribution solution for beer, offer several benefits like being lightweight, recyclable, easy to stack, and extremely efficient for freight and storage. Consequently, the rising beverage consumption would significantly increase the demand for beverage cans, thereby fueling market growth. For example, according to the Soda Consumption by Country 2023 report by World Population Review, a US-based firm that simplifies complex demographic data into comprehensible articles on country and city populations, Argentina tops global soda consumption with an average individual consuming around 155 liters annually. Further, the United States closely follows as the second country with the highest soda consumption rates, where each resident averages 154 liters yearly. Therefore, the surge in beverage consumption is propelling the expansion of the beverage can market.
What Are The Main Segments Of The Global Beverage Can Market?
The beverage can market covered in this report is segmented –
1) By Material: Steel, Aluminum, Other Materials
2) By Structure: Two Piece Can, Three Piece Can
3) By Can Coating: Epoxy, Polyester, Vinyl, Other Can coatings
4) By Application: Non-Alcoholic Beverage, Alcoholic Beverage, Sports And Energy Drinks, Fruit Based Drinks, Carbonated Soft Drinks, Other Applications
Subsegments:
1) By Steel: Tinplate, Tin-free Steel
2) By Aluminum: Aluminum Alloy
3) By Other Materials: Plastic, Composites
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What Emerging Trends Are Influencing The Growth Of The Beverage Can Market?
One notable trend gaining traction in the beverage can market is product innovation. With significant market players focusing on the development of innovative products to bolster their market position. Notably, in January 2023, Ardagh Metal Packaging (AMP), a company based in Luxembourg that specialises in supplying sustainable and infinitely recyclable metal beverage cans, unveiled a 19.2oz beverage can designed for beverage brand clientele. This new can provides consumers with a choice to choose a size that is intermediate between the usual 16 oz and 24 oz sizes, in response to growing demand in the single-serve sector. This type of packaging facilitates businesses to branch into new product classifications like water, hard seltzer, beer, and cider.
Who Are the Key Players in the Beverage Can Market?
Major companies operating in the beverage can market include:
• Crown Holdings Inc.
• Ardagh Group S.A.
• CPMC Holdings Limited
• Toyo Seikan Group Holdings Ltd.
• Can-Pack S.A.
• Ball Corporation
• Envases Universales S.A. de C.V.
• GZ Industries Limited
• Showa Denko K.K.
• Nampak Beverage Can (Pty) Limited
• The Olayan Group
• Techpack Solutions Private Limited
• Orora Packaging Australia Pty Ltd
• Kien Joo Can Factory Berhad
• Silgan Holdings Inc.
• Can-One Berhad
• Universal Can Corporation Inc.
• Interpack Group Inc.
• Ceylon Beverage Can (Private) Limited
• Baoshan Iron & Steel Co Ltd.
• Asia Packaging Industries Sdn Bhd
• Jiangsu Baosteel Metal Products Co Ltd.
• Rexam PLC
• HUBER Packaging Group GmbH
• Metal Container Corporation
• Alltub Group
• Massilly Group
• Independent Can Company
• Great China Metal Industry Company Limited
• Hulamin Containers Limited
• Shanghai Z Z Zijiang Enterprise (Group) Co Ltd.
• Emballator Metal Group
• China International Marine Containers (Group) Ltd.
• Grupo Zapata S.A. de C.V.
• ShengXing Group Co Ltd.
• Benjamit Packaging Co Ltd.
• Arabian Can Industry LLC
• Grupo Vidriera Del Norte S.A. de C.V.
What Is The Most Dominant Region In The Beverage Can Market?
North America was the largest region in the beverage can market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global beverage can market report during the forecast period. The regions covered in the beverage can market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
