BALL · Earnings call · 2026Q2T · Full report

Competition and Market Share

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

Ball said aluminum cans continue to take share from other packaging substrates in North America, where cans grew about 2% to 3% while the broader beverage market was relatively flat. Management characterized the North American can-making industry as healthily tight after multiple quarters of volume growth. In South America, Ball’s mid-teens volume growth materially outpaced a market that was flat to slightly up. India was described as a particularly attractive market, with can growth above the mid-teens and multiple competitors announcing capacity additions.