Global Drink Can Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

Recent Developments:

• In 2020, Ardagh Group’s Mississippi beverage can manufacture unit has been awarded the 2020 carbon emission award from Tennessee Valley Authority. Also, the company proposed merging its beverage can business with Gores Holding V Inc.

• In 2020, Ball Corporation planned to build a new aluminum can plant Near Pilsen, Czechia. Last year company also completed the acquisition of Tubex Aluminum Packaging Business located in Brazil.

The global drink can market exhibits a dynamic landscape shaped by various factors, including material type, beverage category, and packaging size. Primarily, drink cans are crafted from three main materials: aluminum, steel, and tinplate. Aluminum cans, prized for their lightweight nature and superior recyclability, dominate a significant portion of the market share. Steel cans, though slightly heavier, are valued for their robustness and cost-effectiveness, particularly for beverages requiring extended shelf life. Tinplate cans, while less common, find niche applications, often favored for their barrier properties and distinctive aesthetic appeal.

In terms of beverage types, the market caters to a diverse array of preferences, encompassing carbonated soft drinks (CSD), alcoholic beverages, fruit juices, energy drinks, bottled water, and ready-to-drink (RTD) tea and coffee. Each category presents unique packaging requirements and consumer expectations. For instance, CSDs and energy drinks typically utilize standard aluminum cans due to their compatibility with carbonation and branding needs. In contrast, alcoholic beverages may employ steel cans for added durability and product protection, especially for beers and ciders intended for outdoor events or recreational activities.

Packaging size constitutes another crucial dimension of market segmentation. Drink cans are available in various sizes to accommodate different consumption occasions and preferences. Standard sizes, including 330ml, 355ml, and 500ml, are ubiquitous across multiple beverage categories, offering convenience and familiarity to consumers worldwide. Small-sized cans, typically holding less than 330ml, appeal to individuals seeking portion control or novelty packaging, often observed in premium or specialty drinks. Conversely, large-sized cans, exceeding 500ml, cater to consumers seeking value or bulk purchases, particularly prevalent in the energy drink and bottled water segments.

Global Drink Can Segment Analysis

In this report, the Global Drink Can Market has been segmented by Material Type, Beverage Type, Size, and Geography.

Global Drink Can Market, Segmentation by Material Type

The Global Drink Can Market has been segmented by Material Type into Aluminum, Steel, and Tinplate.

Aluminum cans are one of the most common types of drink cans due to their lightweight nature, corrosion resistance, and ability to be shaped into various sizes and designs. They are particularly popular for beverages like carbonated soft drinks, energy drinks, and beer. Aluminum cans are favored for their recyclability, as they can be easily melted down and reused with minimal loss of quality, making them an environmentally sustainable option.

Steel cans, while less common than aluminum, still hold a significant share of the global drink can market. Steel offers excellent strength and durability, making it suitable for beverages that require extra protection, such as certain types of fruit juices and alcoholic beverages. Steel cans are often preferred for their robustness, ensuring that the contents remain intact during transportation and storage. However, steel cans are heavier than aluminum cans and may require more energy to produce and recycle.

Tinplate cans, also known as tin cans or tin-coated steel cans, are primarily used for packaging non-carbonated beverages like canned fruits, vegetables, and soups. The tin coating provides a protective barrier against corrosion, ensuring the integrity of the contents over time. While tinplate cans offer good durability and barrier properties, they are less common in the drink can market compared to aluminum and steel cans, mainly due to their limited application to certain beverage types.

Global Drink Can Market, Segmentation by Beverage Type

The Global Drink Can Market has been segmented by Beverage Type into Carbonated Soft Drinks (CSD), Alcoholic Beverages, Fruit Juices, Energy Drinks, Bottled Water, and Ready-to-Drink (RTD) Tea & Coffee.

Carbonated soft drinks, encompassing popular sodas and fizzy beverages, are a staple in many households and a go-to choice for refreshment. The demand for drink cans for CSD reflects the enduring popularity of these beverages, which often come in standard sizes ranging from small to large cans, catering to different consumption occasions.

Another prominent segment in the global drink can market is alcoholic beverages. From beer and cider to ready-to-drink (RTD) cocktails and spirits mixed with soda, the alcoholic beverage category presents a diverse range of products that are packaged in drink cans. Alcoholic beverage cans offer convenience and portability, making them popular for outdoor events, gatherings, and on-the-go consumption. Additionally, the rising trend of craft beers and artisanal alcoholic beverages has contributed to the growth of this segment within the market.

Fruit juices represent another significant segment in the global drink can market. Consumers increasingly seek healthier beverage options, and fruit juices provide a refreshing and nutritious choice. Drink cans for fruit juices offer convenience and shelf stability while preserving the flavor and freshness of the juice. With a focus on natural ingredients and functional benefits, fruit juice cans cater to health-conscious consumers seeking alternatives to sugary drinks.

Energy drinks have also carved out a niche in the global drink can market, targeting consumers seeking a boost of energy and alertness. These beverages often contain stimulants like caffeine and are marketed towards individuals with active lifestyles or those needing a pick-me-up during busy days. The portability and quick consumption offered by drink cans make them a convenient packaging option for energy drinks, aligning with the on-the-go nature of their target consumers.

Bottled water, while traditionally packaged in plastic bottles, has seen a growing presence in the drink can market. With increasing concerns about plastic pollution and environmental sustainability, some consumers are turning to canned water as a more eco-friendly alternative. Canned water offers the same convenience and hydration benefits as bottled water but with the added advantage of being easily recyclable and lightweight.

Ready-to-drink (RTD) tea and coffee have emerged as a significant segment within the global drink can market, catering to consumers seeking convenience and flavor variety. RTD tea and coffee cans provide a convenient way to enjoy these beverages without the need for brewing or preparation. With a range of flavors and formulations, including sweetened, unsweetened, and flavored options, RTD tea and coffee cans appeal to a broad consumer base, from busy professionals to on-the-go millennials.

Global Drink Can Market, Segmentation by Size

The Global Drink Can Market has been segmented by Size into Standard Sizes (330ml, 355ml, 500ml), Small Sizes (less than 330ml), and Large Sizes (more than 500ml).

Standard sizes, including 330ml, 355ml, and 500ml, represent the backbone of the market, offering versatility and familiarity across a wide range of beverages. These sizes are ubiquitous, commonly found in carbonated soft drinks, energy drinks, and alcoholic beverages. Their popularity stems from their convenient volume, which strikes a balance between portability and serving size, making them ideal for individual consumption or sharing.

In contrast, small-sized drink cans, typically holding less than 330ml, cater to specific niche markets and consumption occasions. These compact containers are favored for their portability and suitability for on-the-go consumption, appealing to consumers seeking quick refreshment without committing to larger volumes. Small-sized cans are commonly associated with energy drinks, fruit juices, and specialty beverages targeted at consumers looking for convenience and portion control.

Large-sized drink cans, exceeding 500ml, offer ample servings suited for sharing or extended consumption. These oversized containers are often associated with value-oriented offerings, targeting consumers looking for cost-effective options or group consumption scenarios such as parties, picnics, or family gatherings. Large-sized cans are prevalent in categories such as beer, cider, and ready-to-drink cocktails, where volume and value play significant roles in consumer purchasing decisions.

Global Drink Can Market, Segmentation by Geography

In this report, the Global Drink Can Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Drink Can Market Share (%), by Geographical Region, 2023

The global drink can market exhibits regional variations influenced by factors such as consumer preferences, cultural norms, economic conditions, and regulatory frameworks. Here's an elaboration on the market dynamics across different regions:

In North America, particularly in the United States and Canada, the drink can market is well-established and highly competitive. The region has a strong consumer base for carbonated soft drinks, energy drinks, and alcoholic beverages, driving significant demand for drink cans. Moreover, increasing consumer awareness regarding environmental sustainability has led to a growing preference for aluminum cans due to their recyclability. Key players like Ball Corporation and Crown Holdings dominate the market, leveraging advanced manufacturing technologies and innovative packaging designs to maintain their competitive edge.

Europe represents another significant market for drink cans, with countries like the United Kingdom, Germany, and France being major consumers. The market is characterized by a diverse beverage landscape, encompassing traditional favorites like beer and carbonated soft drinks as well as a growing demand for healthier alternatives such as fruit juices and functional beverages. Aluminum cans are preferred in many European countries due to their lightweight nature and eco-friendly properties. Regulatory initiatives promoting recycling and sustainability further shape the market landscape, driving the adoption of recyclable packaging solutions.

The Asia-Pacific region is a burgeoning market for drink cans, fueled by rapid urbanization, changing lifestyles, and increasing disposable incomes. Countries like China, Japan, and India are witnessing a surge in demand for packaged beverages, including carbonated drinks, ready-to-drink teas, and flavored water. Aluminum cans are gaining traction in the region, driven by their convenience, shelf-life advantages, and recyclability. Local and multinational players are investing in expanding production capacities and enhancing distribution networks to cater to the evolving consumer preferences in this dynamic market.

Latin America represents a promising market for drink cans, with countries like Brazil, Mexico, and Argentina driving demand. The region has a strong culture of beverage consumption, with carbonated soft drinks, beer, and fruit-flavored beverages being popular choices among consumers. Aluminum cans are preferred for their affordability, lightweight, and ability to preserve the freshness of beverages. However, economic volatility and regulatory challenges pose significant hurdles for market players, necessitating strategic investments in supply chain optimization and product innovation to maintain profitability and competitiveness.

The Middle East & Africa region presents unique opportunities and challenges for the drink can market. While beverage consumption is relatively lower compared to other regions, urbanization, changing consumer lifestyles, and increasing tourism are driving demand for packaged beverages, particularly carbonated drinks and energy drinks. Aluminum cans are gradually gaining acceptance in the region, supported by investments in recycling infrastructure and environmental awareness initiatives. Market players are focusing on product diversification and localization strategies to cater to the diverse preferences and cultural nuances of consumers across different countries in the region.

This report provides an in depth analysis of various factors that impact the dynamics of Global Drink Can Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Key players in Global Drink Can Market include

• Ball Corporation
• Crown Holdings, Inc.
• Ardagh Group
• Can-Pack S.A.
• Rexam PLC
• CPMC Holdings Limited
• Toyo Seikan Group Holdings, Ltd.
• Silgan Holdings Inc.
• Kian Joo Can Factory Berhad
• HUBER Packaging Group GmbH

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis