Then I placed de source image in a new layer and cut part of it to use as label on the left can. I turned it a bit as to match the inclination. Using spherize filtre, I distorted it only horizontally. Then I used warp tool.
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Same process to make the label of the right can, but I cut a different part of the source image.
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Applied levels to both labels.
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Applied different photo filtre to each label.
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Added shadows to the labels and the top of the cans.
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I then merged all visible layers in a new layer at the top. Placed the background in a new layer at the bottom and applied gaussian blur to it.
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Added some more shadow to the labeled cans.
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I created a new layer and clipped it to the labeled cans layer. Applied layer style with the following settings:
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For me not to have to stroke the water drops one by one, I used the brush presets to scatter the drops on the cans.
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Then in a new layer under de cans and using a very large soft brush I stroke some white.
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Finally I merged all layers at the top, duplicated it and equalized the copy, applying gaussina blur to it and overlay blending with 30% opacity.