United States Metal Cans Market Report and Forecast 2024-2032

United States Metal Cans Market Outlook

The United States metal cans market size reached approximately USD 18.96 billion in 2023. The market is projected to grow at a CAGR of 2.8% between 2024 and 2032, reaching a value of around USD 24.47 billion by 2032.

Key Takeaways

Metal cans refer to packaging solutions or containers that are typically made of thin metals. They are commonly used in the food and beverage packaging industry due to their ease of handling and disposable benefits. The United States is the second-largest importer of metal cans in the world. The country imports most of the metal cans from India, China, and Germany.

The United States metal cans market growth is expected to grow in the forecast period amid the rising attempts to reduce the use of single-use plastic packaging. Additionally, metal has superior physical properties over its alternatives as metals such as steel and aluminium are highly malleable and can be designed in a way that appeals to the customers.

Key Trends and Developments

Rising demand for alcoholic and carbonated beverages, rising demand for steel and aluminium cans, the surging demand for sustainable packaging, and the increasing trend of automation are positively impacting the United States metal cans market expansion

United States Metal Cans Market Trends

Steel and aluminium are highly popular metals used for manufacturing cans as they provide excellent protection against light, water, and air. The beverage industry relies heavily on metal cans, especially for storing soft and carbonated drinks. In the US, an average person drinks approximately 154 litres of beverages per year, and almost one in every five individuals consumes at least one soda daily.

One of the key trends in the United States metal cans market is the infinite recyclability of metal cans. Metal is an incredibly versatile and sustainable material as it can be recycled an infinite number of times without any loss in quality. There are over 100 different types of metals in the world that can be recycled, making it an excellent choice for industries that rely on it as a raw material.

Market Segmentation

United States Metal Cans Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

The cosmetics and personal care sector accounts for a major United States metal cans market share amid the rising environmental consciousness

The cosmetics and personal care sector holds a significant share of the market. With increasing environmental concerns, manufacturers are attempting to incorporate different metals in the packaging of their products.

Metal is durable and more stable than other packaging solutions as it can withstand heat and temperature changes. Metal cans are widely used to pack multiple personal care products, including shower gels, shampoos, conditioners, and fragrances, among others. Additionally, metal captivates customers as it looks sophisticated and adds luxury to the product.

In the food and beverage industry, metal cans are widely used to preserve the quality of food products and offer benefits such as recyclability. The growing consumption of carbonated beverages, beer, and fruit juices is also propelling the United States metal cans market growth.

Besides, metal cans are widely used in the painting sector to withstand the weight and pressure of the paint. Such cans provide excellent fire resistance, enhanced stability in harsh working conditions, resealability, and barrier protection against oxygen, light, and gas.

The demand for steel cans is significantly rising as they can withstand high pressure and durable

Steel cans enjoy substantial popularity as they are durable, withstand high pressures, eliminate spoilage of contents, and boast extremely high levels of bacteria, air, or light. Steel is a highly recyclable metal and nearly 98% of all the steel is recycled.  It promotes sustainability as it can be recycled repetitively without the loss of quality. Hot-rolled steel is the most recycled steel type and is generally made from scrap metal.

Meanwhile, aluminium cans are recyclable, lightweight, stackable, stable, and more valuable than plastics and glass. The infinite recyclability and versatility of aluminium make it extensively used in packaging solutions, including cans.  In 2021, the United States was the third-largest exporter of aluminium cans with a total of $52.8M. Furthermore, the country imported $33.4M of aluminium cans in the same year, boosting the growth of the United States aluminium cans market.

Competitive Landscape

Major players in the United States metal cans market are attempting to develop innovative and advanced packaging solutions

Other market players include Ball Corporation, Silgan Holdings Inc., Sonoco Products Company, CCL Industries Inc., DS Containers, BWAY Corporation, and Tournaire S.A. (Elemental Container Inc.), among others.

Key Highlights of the Report