Beverage Metal Cans Market Research Report and Outlook by 2028

The beverage metal cans market is anticipated to achieve a valuation of US$ 47,852.42 million by 2028, rising from US$ 34,363.14 million in 2022. This growth trajectory indicates a compound annual growth rate (CAGR) of 5.7% from 2022 to 2028.

Several factors are propelling the expansion of the beverage metal cans market, with the recyclability of metal cans being a significant contributor to their eco-friendly packaging appeal. As reported by Metal Packaging Europe, in 2020, 84% of steel packaging and 76% of aluminum beverage cans were recycled across Europe. Additionally, substantial investments from leading companies in establishing recycling facilities and improving waste management systems are crucial for market advancement. The implementation of government initiatives aimed at reducing carbon emissions and energy usage has further accelerated the global adoption of metal recycling. The presence of recycling infrastructure and its enhanced accessibility worldwide promote the use of metal cans in the global food and beverage sector.

The beverage metal cans market is categorized by application into several segments, including carbonated soft drinks, alcoholic beverages, fruit and vegetable juices, and others. Among these, the alcoholic drinks segment holds the largest market share, while the carbonated soft drinks segment is projected to experience the fastest growth rate during the forecast period. Carbonated soft drinks are non-alcoholic beverages that contain carbonated water, sugar, natural sweeteners or sugar substitutes (in diet versions), caffeine, artificial flavorings, fruit juice concentrates, preservatives, and color additives. Popular brands such as Sprite, Coca-Cola, Mountain Dew, and Monster exemplify the global appeal of soft drinks. The diverse range of fruit flavors available in carbonated soft drinks has significantly boosted consumer demand. These beverages are commonly found in convenience stores, restaurants, casual dining venues, movie theaters, dedicated soda shops, and vending machines. Furthermore, protective coatings like epoxy-amino resin or epoxy-phenolic resin systems are employed to prevent corrosion of cans from acidic contents, particularly in carbonated soft drinks. While most food cans are constructed from steel, the distinctive properties of aluminum render it particularly suitable for storing carbonated beverages.

Regionally, the beverage metal cans market is divided into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, North America dominated the market share. However, the Asia-Pacific region is projected to exhibit the highest CAGR during the forecast period. The increasing popularity of energy drinks, the introduction of new products, and the cost-effectiveness and recyclability of metal cans are key factors driving market growth. Numerous companies are launching innovative zero-sugar beverages; for instance, Coca-Cola North America introduced a zero-sugar variant under the FRESCA brand in 2020. Regulatory frameworks and standards in the region are also contributing to the rising adoption of metal cans. The growing consumption of canned beverages in North America is a significant factor in the expansion of the beverage metal cans market.

Key players in the beverage metal cans market include Ball Corporation, Crown Holdings, Inc., Ardagh Group S.A., CANPACK, Orora Packaging Australia Pty Ltd, Amcor plc, Silgan Containers LLC, ZI Industries Limited, SHOWA DENKO K.K., and Envases Group. These companies offer a diverse range of products within the market and have established a presence in developing regions, creating lucrative opportunities for growth. Market participants are focused on developing high-quality and innovative solutions to meet evolving customer needs.

The overall size of the beverage metal cans market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the beverage metal cans sector.