Beverage cans market is estimated to be US$ 43.9 Billion by 2034; Rising Demand for Packaged Beverages to Boost Market Growth

Published Date: March 2024

Beverage Cans Market refers to the industry involved in the manufacturing, distribution, and consumption of beverage cans, which are containers made primarily of aluminum or steel and designed to hold various beverages. Beverage cans are used for packaging various beverages. Energy drinks are used as source of instant energy, mental awareness, physical performance and thus in high demand.  Furthermore, the growth of the beverage cans market can be ascribed to an increase in the consumption of alcoholic beverages, including as beer and cider, which require precise cooling temperatures to improve their taste. 

Increasing demand for aerated drinks, increased consumption of packaged juices.  Consumers are leading better lifestyles, which is driving demand for beverage cans containing vegetable and fruit juices, as well as caffeine-based beverages like coffee and iced tea. Additionally, the increasing ban on plastic products owing to sustainability concerns is likely to drive demand for alternative packaging solutions altogether plays a significant role in boosting the Beverage cans market.

The report Beverage cans market By Product (Aluminium and Steel), By Application (Alcoholic Beverages (Beer, Cider, and Spirits), Carbonated Soft Drinks (CSDs), Fruit and Vegetable Juices, and Others (sports and energy drinks)), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa)- Trends, Analysis and Forecast till 2034”

Key Highlights –

  • In May 2023, Ball corporation, a leading manufacturer in beverage industry announced plans to invest $1 billion in united states for new can manufacturing capacity driven by increasing demands for beverage cans particularly in beer category.
  • In July 2023, Coca-Cola announced switching to 100% recyclable beverage cans by 2025, a great step towards reducing the environmental impact of beverage cans.
  • In August 2023, Anheuser-Busch, announced the launch of canned cocktails in united states. This initiative is driven by increasing demand of enjoying canned cocktails as they are convenient and portable.

Analyst View:

The beverage cans market has experienced remarkable growth, driven by changing consumer preferences, increasing demand for environmentally-friendly packaging solutions, and the expanding market for energy drinks, craft beers, and other beverages. As the industry continues to evolve, we are witnessing new developments and innovations shaping this market’s future.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Beverage cans market By Product (Aluminium and Steel), By Application (Alcoholic Beverages (Beer, Cider, and Spirits), Carbonated Soft Drinks (CSDs), Fruit and Vegetable Juices, and Others (sports and energy drinks)), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Beverage cans market accounted for US$ 29.2 Billion in 2024 and is estimated to be US$ 43.9 Billion by 2034 and is anticipated to register a CAGR of 4.60%. Beverage cans market is segmented based on Product Type, Application, and Region.

  • Based on Product, the Beverage Can Market is segmented into Aluminium and Steel.
  • Based on the Application, the target market is segmented into Alcoholic Beverages (Beer, Cider, and Spirits), Carbonated Soft Drinks (CSDs), Fruit and Vegetable Juices, and Others (sports and energy drinks).
  • By Region, the Beverage cans market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

Competitive Landscape & their strategies of Sports Facilities Market:

Key players in the global beverage cans market includes, Ball Corporation, Crown Holdings, Inc., Tetra Laval International S.A., Orora Packaging Australia Pty Ltd., Silgan Holdings Inc., Ardagh Group S.A., Mahmood Saeed Beverage Cans & Ends Industry Company Limited, CPMC Holdings Limited, Silgan Holdings Inc., and Can Pack S.A.

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