Beverage Cans

Global Beverage Cans Market to Reach US$42.6 Billion by 2030

The global market for Beverage Cans estimated at US$36.6 Billion in the year 2024, is expected to reach US$42.6 Billion by 2030, growing at a CAGR of 2.6% over the analysis period 2024-2030. Aluminum Material, one of the segments analyzed in the report, is expected to record a 3.0% CAGR and reach US$30.7 Billion by the end of the analysis period. Growth in the Steel Material segment is estimated at 1.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$10.0 Billion While China is Forecast to Grow at 4.9% CAGR

The Beverage Cans market in the U.S. is estimated at US$10.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 4.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 2.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Global Beverage Cans Market – Key Trends & Drivers Summarized

Why Are Beverage Cans Experiencing a Global Resurgence Across All Drink Categories?

Beverage cans are witnessing a significant resurgence worldwide, driven by their practicality, portability, and rising consumer demand for sustainable, on-the-go packaging solutions. While cans have long been staples for beer and carbonated soft drinks, they are now rapidly expanding into emerging beverage categories like flavored water, cold brew coffee, energy drinks, hard seltzers, kombucha, and ready-to-drink (RTD) cocktails. The modern consumer prioritizes convenience and functionality, and cans offer lightweight, shatterproof portability alongside fast chilling and longer shelf life, making them ideal for active, urban lifestyles. Furthermore, manufacturers and brands are increasingly choosing aluminum cans over plastic and glass due to their superior recyclability and reduced environmental impact. With consumers paying more attention to eco-conscious choices, cans—particularly those made from recycled aluminum—are resonating with younger, environmentally aware audiences. Innovations in can design, such as resealable lids, slim and sleek formats, and eye-catching 360-degree printing, are also enhancing shelf appeal and marketing opportunities. Cans serve not only as a protective vessel but as a branding canvas that enhances visibility in retail spaces. Events like music festivals, outdoor gatherings, and sports stadiums are favoring cans due to their safety and ease of disposal. As a result, beverage companies across the globe are increasingly adopting can packaging as a way to align with changing consumer habits, regulatory pressures, and the drive toward circular economies.

How Are Technological Innovations Transforming the Beverage Can Industry?

Technological innovation is playing a critical role in revitalizing the beverage can industry by improving manufacturing efficiency, enhancing sustainability, and enabling greater customization. Modern can production lines are capable of incredibly high speeds, producing thousands of units per minute while consuming less energy and water than ever before. Advances in digital printing and direct-to-can technology are giving brands the ability to produce small batches with personalized or regional designs, appealing to niche markets and promotional campaigns without incurring the high costs of traditional mass printing. At the materials level, efforts are underway to produce ultra-lightweight cans that reduce raw material use without compromising durability, which also translates into lower shipping costs and smaller carbon footprints. The development of BPA-free internal linings has addressed previous health concerns and expanded can usage into new beverage segments like milk-based drinks, juices, and organic products. Coatings that prevent flavor migration and maintain product integrity are enabling longer shelf life and better taste retention. Reclosable can innovations and dual-chamber designs are also opening up new opportunities in the functional and energy drink space, catering to consumer preferences for portion control and multi-use containers. Automated vision systems, robotics, and AI are being integrated into quality control and packaging lines, improving defect detection and reducing waste. On the sustainability front, advancements in closed-loop recycling systems and partnerships with recycling firms are strengthening aluminum recovery rates. As technology continues to push the boundaries of performance, the beverage can is evolving from a static container to a dynamic, high-tech packaging solution ready to meet modern demands.

What Regional and Consumer Trends Are Driving Demand for Beverage Cans?

Global demand for beverage cans is being shaped by distinct regional consumption patterns, evolving lifestyles, and generational preferences that reflect diverse cultural and economic drivers. In North America and Europe, consumers are increasingly gravitating toward beverages in cans due to rising environmental awareness, the growing popularity of craft beverages, and shifting attitudes toward plastic waste. In these regions, regulatory initiatives—such as bans on single-use plastics and deposit-return schemes—are encouraging the use of aluminum cans, which boast a much higher recycling rate than glass or PET. In the Asia-Pacific region, rapid urbanization, a growing middle class, and the expansion of modern retail channels are fueling demand for canned energy drinks, teas, and juices. Countries like China, Japan, and South Korea are seeing a surge in on-the-go consumption, and consumers in these markets often value compact, aesthetically pleasing, and technologically advanced packaging. Meanwhile, Latin America and the Middle East are embracing canned packaging due to its affordability, durability, and resistance to contamination in hot climates. Across the globe, Gen Z and millennial consumers are key drivers of canned beverage growth, especially in lifestyle and wellness segments like sparkling water, hard kombucha, and protein shakes. These younger demographics value innovation, design, and sustainability—traits that modern beverage cans are well positioned to deliver. In addition, the rise of direct-to-consumer and online grocery channels has made it easier for niche beverage brands to distribute canned products nationally and internationally, enabling greater market reach and diversification. These evolving regional and consumer dynamics are reinforcing beverage cans as a global packaging solution for a new generation of drinkers.

What Is Fueling the Growth in the Global Beverage Cans Market?

The growth in the global beverage cans market is driven by a confluence of environmental imperatives, changing consumer behavior, and a rapidly diversifying beverage industry. One of the most powerful growth drivers is the increased awareness of sustainability and the urgent need to reduce single-use plastic waste. Aluminum cans, which are infinitely recyclable and already part of efficient recycling infrastructures in many countries, present a compelling alternative. This aligns with the goals of both governments and eco-conscious brands aiming to meet ESG (environmental, social, and governance) targets and appeal to sustainability-focused consumers. The proliferation of new beverage categories—especially in health, wellness, and indulgence—has created fresh opportunities for can usage, from low-calorie energy drinks and botanical elixirs to craft beers and RTD coffee. The pandemic has also reshaped consumption patterns, with more people choosing single-serve, shelf-stable formats for safety, convenience, and portion control—needs perfectly met by cans. Strategic investments by can manufacturers in expanding production capacity and localizing supply chains are reducing lead times and increasing market responsiveness. Retailers, too, are supporting the growth by offering more shelf space to canned beverages due to their ease of stacking, lower breakage risk, and attractive presentation. Marketing trends, including influencer partnerships, limited-edition packaging, and lifestyle-oriented branding, have further enhanced consumer engagement with canned drinks. Additionally, advancements in material science, logistics, and automation are reducing costs and making canned beverages more economically viable across both developed and emerging markets. As innovation, sustainability, and demand converge, beverage cans are not only reclaiming their relevance—they are poised to become the preferred packaging format in a rapidly evolving global beverage landscape.

SCOPE OF STUDY:

The report analyzes the Beverage Cans market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Material (Aluminum Material, Steel Material); Application (Non-Alcoholic Beverages Application, Alcoholic Beverages Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• Amcor plc
• Ardagh Group S.A.
• Ball Corporation
• Baosteel Metal Co., Ltd.
• Can-One Berhad
• Can-Pack S.A.
• CCL Industries Inc.
• CPMC Holdings Limited
• Crown Holdings, Inc.
• Envases Universales Group
• Hindustan Tin Works Ltd.
• Kian Joo Can Factory Berhad
• Massilly Holding S.A.S.
• Nampak Ltd.
• Orora Limited
• Showa Denko K.K.
• Silgan Holdings Inc.
• Toyo Seikan Group Holdings, Ltd.
• Universal Can Corporation
• Visy Industries Holdings Pty Ltd.

AI INTEGRATIONS
We`re transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.