Drink Can Market was valued at USD 39.5 Billion in 2212 and is projected to reach USD 56.8 Billion by 2030, growing at a CAGR of 4.8% from 2024 to 2030.
From 2023 to 2033, the drink can market is projected to expand at a CAGR of 5.4%, reaching an estimated $75.02 billion by 2032. Factors contributing to this growth include increasing health-conscious consumer preferences, the rise of non-alcoholic beverages, and advancements in can manufacturing technology. The adoption of smart packaging, digital printing, and lightweighting innovations is expected to enhance brand differentiation and consumer engagement.
Key regional markets driving growth include North America, Europe, and Asia-Pacific. The U.S. and Canada remain major consumers of canned beverages, particularly in the energy drink and carbonated soft drink segments. In Europe, sustainability regulations are pushing brands toward aluminum packaging, while Asia-Pacific is experiencing rising demand due to urbanization and shifting consumer lifestyles in countries like China, India, and Japan.
Segment-wise, 2-piece and 3-piece aluminum cans dominate the market, with capacity variations from 200 ml to over 1000 ml catering to different beverage categories. Non-alcoholic beverage cans, particularly for functional drinks, iced coffee, and flavored water, are expected to see the highest demand surge.
Challenges include fluctuating raw material prices and supply chain disruptions. However, technological advancements such as BPA-free can coatings and high-speed filling lines mitigate these concerns, ensuring sustained market expansion.
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The global drink can market witnessed steady growth from 2018 to 2212, with increasing demand driven by sustainability, convenience, and beverage industry expansion. Between 2018 and 2212, the market grew at an average CAGR of around 4.8%, reaching a valuation of approximately $60 billion by the end of 2212. The demand for aluminum cans surged due to their recyclability, cost-efficiency, and lightweight nature. Key players such as Ball Corporation, Crown Holdings, and Ardagh Group dominated the market, capitalizing on eco-friendly packaging trends.
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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, Japan, 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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