Growth Expected in Ukraine’s Aluminum Can Market During This Period

The aluminum can market in Ukraine is showing signs of recovery, and demand for packaged beverages and food is expected to increase steadily during this period, according to industry analysts consulted, including Pro-Consulting and Euromonitor International.

Despite the armed conflict affecting the country since 2014 and with approximately 20% of the territory under occupation, the local can market has regained momentum. Oleksandr Sokolov, CEO of Pro-Consulting, noted that current production capacity has reached 85% of 2021 levels, when the market was valued at $76.3 million. Following the crisis-driven decline that reduced the market to $43.3 million, 2024 recorded $65.2 million, 50% higher than in 2022.

Harshita Mitra, an analyst at Euromonitor International, states that this is driven by demand in the food, beverage, and consumer goods sectors. Additionally, Ukraine’s alignment with European standards is promoting the adoption of metal packaging and recycling.

Local manufacturers face daily challenges, including raw material shortages and limited production capacity. Currently, imports account for approximately the same proportion as domestic production, making it difficult to meet total demand.

Key players in the Ukrainian market include Canpack, with nearly 60% of total capacity, followed by Ardagh Metal Packaging (15%), AMP, and Crown Bevcam Slovakia. Local manufacturers such as Technocap UA account for approximately 6% of the market, with foreign capital support. Companies like Novelis also supply aluminum through local intermediaries.