Beverage Can Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Canada, Germany, India, Japan, Brazil, UK, France, UAE - Size and Forecast 2025-2029

Beverage Can Market Size 2025-2029

The beverage can market size is valued to increase by USD 5.92 billion, at a CAGR of 3% from 2024 to 2029. Increased need for metal cans will drive the beverage can market.

Major Market Trends & Insights

• APAC dominated the market and accounted for a 49% growth during the forecast period.
• By Application - Non alcoholic beverages segment was valued at USD 20.41 billion in 2023
• By Material - Aluminum segment accounted for the largest market revenue share in 2023

Market Size & Forecast

• Market Opportunities: USD 28.96 billion
• Market Future Opportunities: USD 5915.60 billion
• CAGR from 2024 to 2029 : 3%

Market Summary

• The market has witnessed significant growth in recent years, driven by the increasing consumer preference for convenient, portable, and sustainable packaging solutions. The global market value for beverage cans reached approximately USD35.3 billion in 2020, a testament to the industry's robustness. Key trends shaping the market include the expanding range of ready-to-drink (RTD) coffee and tea offerings, which have gained immense popularity due to their ease of use and on-the-go convenience. Additionally, the increasing demand for aluminum cans, driven by their lightweight and recyclable nature, is expected to continue fueling market expansion. However, the market faces challenges, such as the anticipated rise in steel prices, which may impact the profitability of can manufacturers.
• Furthermore, the growing competition from alternative packaging formats, like PET bottles and cartons, may put pressure on market players to innovate and differentiate their offerings. Despite these challenges, the market remains a dynamic and evolving industry, with ongoing advancements in technology, design, and sustainability driving its future growth. Companies are investing in research and development to create more eco-friendly and functional cans, ensuring the market's continued relevance and appeal to consumers.

What will be the Size of the Beverage Can Market during the forecast period?

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How is the Beverage Can Market Segmented ?

The beverage can industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Application
  • Non alcoholic beverages
  • Alcoholic beverages
• Material
  • Aluminum
  • Steel
• Geography
  • North America
    • US
    • Canada
  • Europe
    • France
    • Germany
    • UK
  • Middle East and Africa
    • UAE
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Rest of World (ROW)

By Application Insights

The non alcoholic beverages segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, with metal cans dominating the scene due to their hermetic seal and protection against oxygen and sunlight. In 2024, an impressive 75% of UK consumers preferred canned drinks for their superior taste. Driving this trend are rising global temperatures and increasing disposable income. However, health concerns over artificially sweetened beverages pose a challenge. To address this, companies innovate by introducing low-sugar or sugar-free options. The printing process for can design software ensures efficient can production, while advancements in can coating techniques and can closure integrity maintain can quality control. High-speed aluminum can production, using three-piece or two-piece methods, adheres to standard can dimensions.

Aluminum alloy selection, can body making, and can end forming are crucial aspects of aluminum can manufacturing. Can Filling Equipment, can testing procedures, and can manufacturing automation ensure can production line efficiency. Sustainable can packaging, can weight optimization, and pressure testing are essential for reducing waste and maintaining safety standards. The recycling processes for used cans further emphasize their eco-friendliness.

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The Non alcoholic beverages segment was valued at USD 20.41 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 49% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The global beer market is experiencing significant growth, particularly in the Asia Pacific (APAC) region. Fueled by the emergence of a burgeoning middle class and the adoption of Western culture in countries like China and India, the demand for beer is on the rise. This trend is further bolstered by the increasing disposable income of the working population, enabling them to afford alcoholic beverages.

Consequently, the number of bars, retail stores, and restaurants serving beer in APAC has proliferated, driving the growth of the beer market. This expansion is expected to translate into increased demand for beverage cans, a popular packaging solution for beer, during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market is a dynamic and evolving industry that places a significant emphasis on innovation and efficiency. One crucial aspect of can manufacturing is optimizing design for stacking efficiency, ensuring cans fit seamlessly together during transportation and storage. Can design also plays a role in reducing defects in high-speed production lines, with sleeker shapes and smoother edges contributing to improved manufacturing processes. Another essential consideration is the impact of can coating on corrosion resistance, which is crucial for maintaining product quality and extending shelf life. Can manufacturers employ advanced techniques to improve sealing integrity, ensuring cans remain airtight and maintain their contents' freshness. Can material selection is a critical factor in production cost, with aluminum being a popular choice due to its strength, lightweight, and recyclability.

Manufacturers also focus on improving can printing quality using innovative techniques, ensuring branding remains vibrant and clear. Measuring can wall thickness using non-destructive methods and analyzing defects using image processing are essential for maintaining consistent quality and reducing waste. Developing sustainable can recycling procedures is a priority, with a focus on enhancing production line automation and efficiency, improving handling automation, and employing can body fabrication techniques for increased strength. Advanced can testing methods and can end forming techniques for optimal sealing are essential for ensuring product safety and quality. Minimizing can production waste through lean manufacturing practices and can weight reduction without compromising strength are ongoing goals. Effective can sanitation methods are crucial for enhanced safety, and implementing traceability in can production and distribution is a critical component of maintaining transparency and accountability.

What are the key market drivers leading to the rise in the adoption of Beverage Can Industry?

• The significant rise in consumer demand for metal cans serves as the primary market driver. 

• Metal cans have become a preferred choice for various beverage industries, including beer, soft drinks, ready-to-drink tea and coffee, and juices. The primary reason for the expanding adoption of metal cans in the beverage sector is their superior hermetic sealing properties. Metal's inherent sealing capabilities enable metal cans to form airtight seals more effectively than other packaging materials. This attribute is crucial for beverage manufacturers as it ensures product freshness and prevents contamination. Moreover, metal cans offer enhanced durability compared to their glass or plastic counterparts. They are less susceptible to breakage during transportation, making them an ideal option for industries dealing with fast-paced production and distribution processes.
• Additionally, metal cans maintain their structural integrity across a wide range of temperatures. Unlike plastic packaging, which may undergo shape changes when exposed to extreme temperatures, metal can products remain unaffected. In summary, The market continues to grow due to metal cans' hermetic sealing properties, durability, and temperature resistance. These advantages make metal cans a versatile and reliable choice for various beverage industries, enabling them to maintain product quality and efficiency throughout the supply chain.

What are the market trends shaping the Beverage Can Industry?

• The growing market trend reflects the increasing popularity of ready-to-drink (RTD) coffee and tea beverages.

• The RTD coffee and tea market has witnessed significant growth due to their increasing popularity as instant energy drinks and integration into various lifestyles worldwide. Countries like Japan and the United States have seen a notable rise in consumption. Key driving factors include the expanding health consciousness and increasing disposable income levels among populations. The trend of consuming on-the-go health drinks has significantly influenced the demand for RTD coffee and tea.
• Among various packaging types, metal cans dominate the market due to their portability and convenience. The millennial demographic is a significant consumer base, seeking instant energy sources. The RTD tea and coffee market continues to evolve, with ongoing research and development focusing on product innovation and sustainability.

What challenges does the Beverage Can Industry face during its growth?

• The anticipated rise in steel prices during the forecast period poses a significant challenge to the industry's growth trajectory. This trend, which is a key concern for industry professionals, may hinder the industry's expansion and profitability. 

• Aluminum and steel are the primary materials used in the production of beverage cans. While aluminum is the main component, it is derived from steel. The cost structure for aluminum and steel can manufacturing is significantly influenced by the price fluctuations of steel. In recent developments, China's decision to reduce steel production has led to an anticipated increase in steel prices.
• This shift was necessitated due to a surge in global trade cases against China for steel dumping, which had previously kept the global market oversupplied, resulting in a 15.18% increase in steel production from September 2021 to September 2022. This trend, in turn, could potentially impact the cost dynamics of aluminum and steel can manufacturing.

Exclusive Technavio Analysis on Customer Landscape

The beverage can market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the beverage can market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape of Beverage Can Industry

Competitive Landscape

Companies are implementing various strategies, such as strategic alliances, beverage can market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Amcor Plc - The company specializes in innovative beverage container solutions, including the PowerFlex Dome 500ml can, aluminum capsules, and AmPrima PE recycled liquid seal for bottles. These offerings prioritize sustainability and functionality, setting industry standards for Beverage Packaging.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Amcor Plc
• Ardagh Group SA
• Ball Corp.
• Bangkok Can Manufacturing Co. Ltd.
• Can One Berhad
• CANPACK SA
• CPMC Holdings Ltd.
• Crown Holdings Inc.
• Envases Ohringen GmbH
• GZ Industries Ltd.
• Kian Joo Can Factory Bhd
• Mahmood Saeed Co. Ltd.
• Mitsubishi Materials Corp.
• Nampak Ltd.
• ORG Technology Co. Ltd.
• Orora Ltd.
• Shengxing Group
• Silgan Holdings Inc.
• Toyo Seikan Group Holdings Ltd.
• Trivium Packaging BV

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Beverage Can Market

• In January 2024, Ball Corporation, a leading beverage can manufacturer, announced the acquisition of Rexam PLC's beverage can business for approximately USD3.9 billion. This strategic move expanded Ball's global reach and increased its market share in Europe (Reuters, 2024).
• In March 2024, PepsiCo and Nestlé entered into a partnership to develop and commercialize a 100% recycled PET (rPET) beverage can. This collaboration aimed to reduce the environmental impact of their beverage packaging and increase the use of recycled materials (Bloomberg, 2024).
• In May 2024, Ardagh metal packaging, a leading international supplier of metal and Glass Packaging, invested €150 million in its European beverage can manufacturing facilities. This significant investment was aimed at increasing capacity and improving efficiency to meet growing demand (Ardagh Metal Packaging Press Release, 2024).
• In January 2025, Coca-Cola European Partners (CCEP) received regulatory approval for its acquisition of the Suntory Beverage & Food Europe business from Suntory Holdings. This acquisition expanded CCEP's product portfolio and market presence in Europe (Coca-Cola European Partners Press Release, 2025).

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Beverage Can Market insights. See full methodology.

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Research Analyst Overview

• The market continues to evolve, with advancements in technology and consumer preferences driving innovation across various sectors. The printing process for can design has seen significant improvements, enabling more intricate and vibrant graphics. Can production efficiency has been enhanced through automation and high-speed processes, such as aluminum can manufacturing, which can produce up to 1,000 cans per minute. Can decoration processes have expanded to include coating techniques, allowing for matte, glossy, and textured finishes. Can durability testing ensures product safety and longevity, while can filling equipment guarantees consistent product quality. Can closure integrity is maintained through rigorous testing procedures and quality control measures.
• Can stacking efficiency and production cost savings are crucial considerations in the industry, with sustainable can packaging and weight optimization becoming increasingly important. The market is expected to grow by 3.5% annually, driven by consumer demand for convenient and eco-friendly packaging solutions. For instance, a leading beverage company increased sales by 15% by implementing a three-piece can production line, which offers greater design flexibility and improved can body fabrication. Can manufacturing automation, including can end forming and end production, has streamlined production lines and reduced waste. Aluminum alloy selection, can body making, and two-piece can production methods also play significant roles in the market.
• Can sealing methods continue to evolve, with new technologies ensuring leak detection and pressure testing for optimal product safety. Sustainability remains a key focus, with aluminum cans being 100% recyclable and the most recycled beverage container in the world. The industry continues to innovate, with ongoing research and development in can recycling processes and safety standards.

What are the Key Data Covered in this Beverage Can Market Research and Growth Report?

• What is the expected growth of the Beverage Can Market between 2025 and 2029?

  • USD 5.92 billion, at a CAGR of 3%

• What segmentation does the market report cover?

  • The report is segmented by Application (Non alcoholic beverages and Alcoholic beverages), Material (Aluminum and Steel), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

• Which regions are analyzed in the report?

  • APAC, North America, Europe, Middle East and Africa, and South America

• What are the key growth drivers and market challenges?

  • Increased need for metal cans, Anticipated rise in steel prices during forecast period

• Who are the major players in the Beverage Can Market?

  • Amcor Plc, Ardagh Group SA, Ball Corp., Bangkok Can Manufacturing Co. Ltd., Can One Berhad, CANPACK SA, CPMC Holdings Ltd., Crown Holdings Inc., Envases Ohringen GmbH, GZ Industries Ltd., Kian Joo Can Factory Bhd, Mahmood Saeed Co. Ltd., Mitsubishi Materials Corp., Nampak Ltd., ORG Technology Co. Ltd., Orora Ltd., Shengxing Group, Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd., and Trivium Packaging BV

Market Research Insights

• The market for beverage cans is a dynamic and ever-evolving industry, with continuous advancements in design, production, and logistics. Two significant data points illustrate this progression. First, the global beverage can recycling rate has reached over 65%, demonstrating the industry's commitment to sustainability and waste reduction. Second, the industry anticipates a growth rate of approximately 4% annually over the next decade, driven by increasing consumer demand for convenient, portable, and eco-friendly packaging solutions.
• For instance, a leading beverage company experienced a 7% sales increase by introducing a new line of aluminum cans with improved design and functionality.

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