Beverage can sales to grow by nearly US$6 billion

According to a report by Technavio, the global beverage cans market is expected to experience growth of $5.92 billion between 2025 and 2029. The market is estimated to achieve a compound annual growth rate (CAGR) of over 3% during this period.

Market growth is being driven by increased demand for metal cans, especially due to rising consumption of ready-to-drink (RTD) coffee and tea. However, the anticipated increase in steel prices could pose a challenge to this development.

The RTD beverage market has shown considerable growth due to increasing health awareness and higher disposable incomes. In particular, millennials are driving the demand for these quick energy drinks.

Metal cans have become a popular choice among RTD coffee and tea brands such as Starbucks and Stumptown Coffee Roasters, which is expected to fuel the growth of the beverage can market over the next few years.

The beverage segment is experiencing significant expansion, with coffee, energy drinks and bottled water leading this trend.

Consumers are opting for more convenient, easy-to-carry packaging, making cans the preferred choice. Coffee and energy drinks continue to gain ground due to their ease of on-the-go consumption.

Bottled water is another important component of the market, driven by growing demand from more health-conscious consumers. In addition, the organic and natural products category is gaining ground, with many brands offering sugar-free and plant-based options.

In turn, manufacturers are emphasizing sustainability by using recycled materials in the manufacture of their cans. This trend is expected to continue, which will further support market growth.