North America Metal Cans Market – Growth & Forecast (2024

North America Metal Cans Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Packaging is the process of designing and producing wrapper or container for the product. Metal is one of the safest and versatile substances for wrapping the materials to protect the product from odd conditions. Metal cans are made up of materials such as tin, steel, aluminium and further substitutes. They are steel cans with a thin coating on the inside and outside to protect the product from rust, abrasion and to provide improved handling. The benefits related to metal cans includes safety, sustainable, convenient, and fully recyclable without the loss of its quality and others.

North America Metal Cans Market Size & Growth:

The North America Metal Cans Market size is estimated to reach approximately $ XX Billion by the end of 2024 with a CAGR close to X% from $XX Billion in 2018 during the forecast period of 2018-2024. The Key factors that drive the growth of the market include increasing usage of metal cans in the packaging of food & beverages, rising disposable incomes and changing lifestyles, increasing the inclination of individuals towards the usage of canned products, recycling properties of metal cans without losing the quality of the product and others. Major restraints for the metal cans market include fluctuations in raw material prices coupled with rising demand for substitute materials such as plastic, paper etc.

Due to increasing consumer awareness towards the non-carcinogenic materials coupled with rising demand for lightweight packaging materials are estimated to drive the market growth. Growing demand for

North America Metal Cans Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

flourished soft drinks including carbonated soft drinks and juices are projected to impact on metal cans market demand positively.

North America Metal Cans Market Share:

Various parameters divided the North America Metal Cans market. By the material, they are divided into aluminium, steel, tin, and others. Among this aluminium, the segment is estimated to have the largest market share because it reduces the body weight of the product without compromising on the strength. Increasing consumption of ready-to-eat food along with growing emphasis on eco-friendly packaging are the major factors influencing market growth. By the type, the metal cans market were segmented into 2-piece metal cans and 3-piece metal cans. Among these 2-piece metal, cans are estimated to have the largest market share owing to its easy & efficient making process and can be tightly sealed with less consumption of raw materials. By the Application, they are divided into food, beverages, pharmaceutical, personal care & cosmetic products, industrial chemicals and others. Among these beverages, the segment has the largest market share owing to increasing usage of aerosol products and rising demand for metal packaging in alcohol industries. Increasing consumption rates of canned beverages in various sports tournaments due to their growing convenience rates regarding handling are estimated to drive the market growth. By the geography, United States is estimated to have largest market share owing to increased consumption of beer and other alcoholic products in that region.

North America Metal Cans Market Trends:

Glenfiddich partnered with Crown Holdings,

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North America Metal Cans Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

INC to create tins for single-malt whiskeys that are infinitely recyclable with no loss of physical properties.

Alcoa Corporation plans partial restart of the aluminium smelter at Warrick operations that further improve the competitiveness of the on-site rolling mill.

Ardagh Group has announced their expansion into the Food & Beverages Can market by acquiring certain manufacturing assets from Ball Corporation.

North America Metal Cans Market Research Reports:

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To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Identify the latest developments, market shares and strategies that are employed by the major market players, such as

Crown Holdings
Ball Corporation
Bway Corporation
Sonoco Phoenix, INC
Rexam PLC

Along with these companies, there were many other companies considered/cited in the report while analysing the North America Metal Cans market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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