Global Drink Can Market was valued at USD 5.1 Billion in 2022 and is projected to reach USD 7.2 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
The global drink can market has experienced significant growth, driven by consumer preferences and industry innovations. In 2024, the market saw a notable expansion, with a 5% increase in production compared to the previous year. This surge is attributed to the rising demand for ready-to-drink beverages and the convenience offered by canned packaging.
A key factor influencing this trend is the shift in consumer behavior towards on-the-go consumption. Canned beverages provide portability and longer shelf life, making them a preferred choice for many. Additionally, the sustainability aspect of aluminum cans, which are highly recyclable, appeals to environmentally conscious consumers.
The beverage industry has also seen a diversification in product offerings. Companies are introducing a variety of drinks in cans, ranging from traditional sodas to energy drinks and ready-to-drink cocktails. For instance, Global's Suntory Holdings is leveraging its expertise in spirits to boost its share in the U.S. canned cocktails market, aiming to become a global leader in this sector by 2030. Their Minus 196 drink, with a 6% alcohol content, has successfully entered markets in the U.S., UK, and Germany. citeturn0news0
In the non-alcoholic segment, brands like Dr Pepper have gained popularity, tying with Pepsi as the second best-selling soda in the U.S. This rise is partly due to a consumer trend favoring unconventional and diverse beverages, driven by social media and a desire for novelty. citeturn0news1
However, the industry faces challenges such as fluctuating raw material prices and environmental concerns. To mitigate these issues, companies are investing in sustainable practices, including the use of recycled materials and eco-friendly production processes. The focus on sustainability not only addresses environmental concerns but also enhances brand image and meets consumer expectations.
In my experience, the convenience of canned beverages has been unparalleled, especially during travels. The assurance of product safety and extended shelf life makes them a reliable choice. Moreover, the variety available caters to diverse tastes, ensuring there's something for everyone.
Looking ahead, the drink can market is poised for continued growth. Innovations in packaging, coupled with evolving consumer preferences, will likely drive further expansion. Companies that adapt to these trends and invest in sustainable practices are expected to lead the market in the coming years.
Get an In-Depth Research Analysis of the Global Drink Can Market Size And Forecast [2025-2032]
Ball Corporation
Crown Holdings
Ardagh group
Toyo Seikan
Silgan Holdings Inc
Can Pack Group
Daiwa Can Company
ORG Technology
CPMC Holdings
Hokkan Holdings
Showa Aluminum Can Corporation
Sunrise Group
Can-Pack
Novelis
COFCO Corporation
Orora
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Drink Can Market
Carbonated Soft Drinks
Alcoholic Drinks
Fruit & Vegetable Juices
Tea
Others
Based on Types the Market is categorized into Below types that held the largest Drink Can market share In 2023.
Two-Pieces Can
Three-Pieces Can
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Drink Can Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Drink Can Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Drink Can Market, By Type
6. Global Drink Can Market, By Application
7. Global Drink Can Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Drink Can Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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