North America Metal Cans Industry Overview
The North America Metal Cans market is moderately competitive. The major players with a significant share in the market are expanding their customer base across various regions. In addition, many companies are forming strategic and collaborative initiatives with multiple companies to increase their market share and profitability. Some of the recent developments in the market are:
- March 2021 - Ball Corporation, along with the partnered company Damm, one of the leading beverage companies in Spain, introduced ASI's(The aluminum stewardship initiative) aluminum cans for storage and packaging of beer in North America. This is expected to increase the sales performance of the company.
- February 2021 - Ardagh Group agreed to merge its metal packaging business with Gores Holdings V, creating a publicly listed company. The agreement will see Gores Holdings V, a unique purpose acquisition company, merge with Ardagh's metal packaging division to form the newly created Ardagh Metal. Ardagh will retain an 80% stake in AMP and receive up to USD 3.4 billion in cash when the transaction completes. The deal includes up to USD 525 million in cash from Gores Holdings V and USD 600 million in a private placement led by investors, along with approximately USD 2.3 billion of new debt raised by AMP.
North America Metal Cans Market Leaders
-
Crown Holdings Inc.
-
Ball Corporation
-
Silgan Containers LLC
-
Mauser Packaging Solutions
-
Ardagh Group S.A.
- *Disclaimer: Major Players sorted in no particular order
