BALL · Earnings call · 2026Q2T · Full report

Market Demand Trends

BALL Corp · 2026-08-04 · Importance 31 · Surprise 32

Global shipped beverage-can volumes increased 4.3% year over year, with growth in North and Central America, EMEA, and South America. Ball said packaged liquid volume continues to grow globally and aluminum cans are gaining share as consumers, customers, and retailers prioritize convenience, performance, and sustainability. In North America, the overall beverage market was relatively flat while cans grew approximately 2% to 3% and other substrates declined at a similar rate. Management said this was Ball’s sixth consecutive quarter of volume growth, with beer, soft drinks, and energy drinks all contributing.

Key facts

• Ball said World Cup volumes in South America are hard to quantify but management believes the impact should not be meaningful on a year-over-year basis and that they still intend to grow 4% to 6% next year.
• With the inclusion of Benepack, Ball continues to expect EMEA volume growth above the top end of its long-term 3% to 5% range.
• Ball reported the can industry has completed six consecutive quarters of growth and Ball had more than 4% volume growth in Q2 2026, as well as more than 4% in Q2 of last year and plus 4% for full year 2025.