Beverage Cans Market, By Product (Aluminum 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

Beverage Cans Market was valued at US$ 29.2 Billion in 2024 and is projected to grow at a CAGR of 4.60% to reach US$ 43.9 Billion by 2034.

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. These cans are widely used for packaging carbonated soft drinks, beer, energy drinks, and other non-alcoholic beverages and alcoholic beverages.

Dividing this target market into segments:

Beverage Cans Market is segmented based on Product Form, Application, Distribution Channel and Region.

Product Insight

On the basis of Product, the target market is segmented into Aluminum and Steel.

Application Insight

On the basis of 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).

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Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

• North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. In North America, there is strong demand for canned beverages, including carbonated soft drinks, beer, and ready-to-drink beverages.
• Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. In Asia Pacific, rapid urbanization and a rising middle class is driving demand for packaged beverages.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

The key players operating the 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.

Recent Development:

      The New Launched Product News,

• In January 2023, Ardagh Metal Packaging launches new can size to support beverage brands. The product supports firms aiming to grow in categories like beer, ciders, hard seltzers, and water, to mention a few, by offering an option between the more conventional sizes of 16 oz. and 24 oz. The inherent sustainability features of beverage cans, such as their top recycling rates and recycled content rates, also benefit the new product. Beverage cans further support customer business objectives by providing optimal filling, distribution, and retail display economics.
• In July 2023, Socorro launches new flavored mineral water in CrownSleek cans. The cans make use of the inherent qualities of aluminium, which include limitless recycling potential and resistance to light and oxygen. The 350ml CrownSleek can of calorie-free, flavor-infused mineral water, Acquíssima Sabor, is supplied by Crown Holdings, a global rigid packaging provider, and its subsidiary, Crown Embalagens Metálicas da Amazonia.
• In August 2023, Crown’s Sustainable Beverage Cans help convey health and freshness for new mineral water line from Socorro Bebidas. Featuring its natural flavors, this high-quality, zero-calorie drink offers consumers a healthy way to remain hydrated and get important nutrients into their daily meals. The range, which debuted with two flavors—Lychee and Green Apple—is presently offered at supermarkets, restaurants, and Acquíssima stores in Brazil.
• In November 2023, Vosa Spirits launched two new aluminium canned product lines dubbed The Vodka Water and High Line. Vosa provides both carbonated and non-carbonated products. Supermodel, actress, and businesswoman Kate Upton has joined the company as a new co-owner. Kate will be responsible for developing new flavors, designing packaging, and implementing marketing strategies in addition to actively working to increase Vosa's clientele.
• In November 2023, AkzoNobel invested in coatings technology to support beverage can industry transition and launched the first two products in its new Accelstyle range. Both are made for the outside of traditional two-piece aluminium beverage cans and are PFAS, styrene, and bisphenols free.