Market Size of United States Aluminum Beverage Cans Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Aluminum Beverage Cans Market Analysis
The United States Aluminum Beverage Cans Market is expected to reach a CAGR of 3% during the forecast period (2021 - 2026). With the outbreak of COVID-19 pandemic, the aluminum beverage cans in the US region is expected to witness negative growth. Also, the aluminum can manufacturers have been flooded with a pool of issues. Some of the effects of lockdown include lack of availability of raw materials used in the manufacturing process, supply chain disruptions, fluctuating prices, labor shortages that could cause shipping problems, production of the final product to inflate and go beyond budget, etc. According to the United States Geological Survey, the primary production of aluminum in the United States slumped to some 1 million metric ton in 2020, owing to the pandemic.
- Moreover, domestic aluminum producers, including rolling mills and billet remelters, saw a notable drop in demand, and in response, halted production intermittently or had been running at reduced capacity, in some cases as little as 30%-40%, or a combination of both, according to S&P Global. Thus, it has affected the aluminum cans market in the region.
- Aluminum cans are used in the beverage industry due to the ease of disposal and their recycling advantages. Also, aluminum cans increases the shelf life of the product. Carbonated soft drinks, energy drinks, and alcoholic beverages are among the major end-user segments for the use of aluminum beverage cans.
- In the North American region including United States, metal cans made up of steel and aluminum are mostly preferred. These materials have significant properties, such as being softer and lightweight, due to which the manufacturers are able to save costs associated with logistics.
- Also, owing to the increasing consumption of both alcoholic and non-alcoholic beverages, such as beer and carbonated drinks, in the region, there is significant demand for aluminum cans in the region. According to the Alcohol and Tobacco Tax and Trade Bureau, in 2020, the volume of beer produced in the United States was 179.95 million barrels. Also, according to the Beer Institute 2020 Report, America's brewers use 36 billion aluminum cans every year.
US Aluminum Beverage Cans Industry Segmentation
The report on the United States Aluminum Beverage Cans market studies various segments that are part of manufacturing different types of aluminum cans with applications in the beverages industry. The report also covers the impact of Covid-19 on the studied market.
| By Type | |
| 2-Piece | |
| 3-Piece |
| By Application | |
| Carbonated Soft Drinks | |
| Beer | |
| Water | |
| Energy Drinks | |
| Other Type of Beverages (Wine, Spirits, Flavored, Alcoholic Beverages, Juices, Dairy Based Beverages) |
United States Aluminum Beverage Cans Market Size Summary
The United States aluminum beverage cans market is experiencing a moderate growth trajectory, driven by the increasing demand for sustainable packaging solutions in the beverage industry. Aluminum cans are favored for their recyclability and ability to extend product shelf life, making them a popular choice for carbonated soft drinks, energy drinks, and alcoholic beverages. The market has faced challenges due to the COVID-19 pandemic, which disrupted supply chains and reduced production capacities. However, the demand for aluminum cans remains robust, supported by the rising consumption of both alcoholic and non-alcoholic beverages in the region. The preference for metal cans, including aluminum, is further bolstered by their lightweight nature and cost-saving benefits in logistics.
Environmental concerns and the push for sustainable practices are significantly influencing the aluminum beverage cans market. The high recyclability of aluminum, coupled with its infinite recyclability, positions it as a preferred packaging material over alternatives like plastic and paper. The market is characterized by a moderate level of fragmentation, with key players such as Ball Corporation, Ardagh Group, and Crown Holdings Inc. leading the industry. These companies are focusing on innovation and sustainability initiatives to maintain their competitive edge. Despite challenges like reduced consumption of sugary beverages and recycling program restrictions, the market continues to adapt, with investments in new production facilities and initiatives aimed at enhancing circularity and recycling efforts.
United States Aluminum Beverage Cans Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing demand from the Non-Alcoholic Beverage sector
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1.2.2 High Recyclability Rates of Metal Packaging
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1.3 Market Challenges
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1.3.1 Growing demand for substitutes
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1.4 Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of COVID-19 on the Aluminum Cans Industry in the US
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1.7 Industry Standards & Regulations on Recycling of Metal Cans
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 2-Piece
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2.1.2 3-Piece
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2.2 By Application
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2.2.1 Carbonated Soft Drinks
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2.2.2 Beer
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2.2.3 Water
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2.2.4 Energy Drinks
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2.2.5 Other Type of Beverages (Wine, Spirits, Flavored, Alcoholic Beverages, Juices, Dairy Based Beverages)
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United States Aluminum Beverage Cans Market Size FAQs
What is the current United States Aluminum Beverage Cans Market size?
The United States Aluminum Beverage Cans Market is projected to register a CAGR of 3% during the forecast period (2024-2029)
Who are the key players in United States Aluminum Beverage Cans Market?
Crown Holdings Inc., Ball Corporation, Silgan Holdings Inc., Ardagh Group SA and Envases Group are the major companies operating in the United States Aluminum Beverage Cans Market.
