• Stacy Lawlor

Global Beverage Cans Market Size to grow USD 37.2 Bn in 2028

The Global Beverage Cans Market Size was valued at USD 28.4 Bn in 2021. The market is projected to grow USD 37.2 Bn in 2028, at a CAGR of 5.2%.

Beverage Cans Market

Beverage cans demand and growth is driven by an increase in demand for sustainable products and environmental consciousness, as well as an increase in demand for convenient packaging. The market is primarily driven by the demand for highly portable and excellent packaging solutions for protection from the outside environment. The increased consumption of non-alcoholic products among health-conscious customers is predicted to drive demand for beverage cans. Furthermore, the introduction of fruit juices and sports drinks, as well as rising demand for Ready-to-Drink (RTD) products in can packaging, are likely to boost market growth. For instance, Ardagh Metal Packaging (AMP) launched a new product line with an investment of US$200 million in Northern Ireland. The project is part of AMP's multibillion-dollar investment programme, which includes the development of new, recyclable metal packaging capacity in Europe, North America, and Brazil.

Beverage Cans Market

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With consumers becoming more health-conscious around the world, beverage makers are upgrading and inventing products with an emphasis on natural, low-calorie, and low-sugar ingredients like stevia. This is likely to bring in an influx of health-conscious customers. Due to the COVID-19 pandemic, restaurants and bars began serving alcohol on the go, resulting in a significant surge in packaged beer sales. Metal cans were in high demand due to the increase in demand for alcoholic goods through off-premise sites such as supermarkets, hypermarkets, and department shops. Because of the COVID-19 outbreak, customers were more health-conscious, increasing their consumption of healthy foods and beverages are the factors which is boosting the sales of functional and energy drinks.


The increased demand for aluminium and steel cans as plastic packaging alternatives, as well as expanding government measures to promote sustainability, provide market players with significant growth prospects. As the global economy improves, the market value rises even higher. Beverage cans also continued to have better shelf-stable increases during the outbreak, in addition to their good performance.

Beverage Cans Market

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The aluminum segment has dominated the market share in 2020 owing to the high usage of aluminum due to its long lasting shelf life to beverage cans. Moreover, aluminum cans are most widely used cans among the world as it can be easily recycled. The carbonated soft drinks held the largest market share of the global beverage cans market attributing to the rising demand for soft drinks. Demand for carbonated soft drinks is increasing due to the introduction of new tastes with fruit combinations that appeal to a younger generation of customers. North America region is dominating the market share of global beverage cans market owing to the high product adoption by consumers and increased consumption of carbonated beverages along with awareness regarding sustainability. However, Asia Pacific is expected to witness highest growth rate during the forecast period of beverage cans market due to the rising population and urbanization activities.


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