Market Size of North America 3 Piece Metal Cans Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.07 Billion |
| Market Size (2029) | USD 7.63 Billion |
| CAGR (2024 - 2029) | 5.08 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America 3 Piece Metal Cans Market Analysis
The North America 3 Piece Metal Cans Market size is estimated at USD 6.07 billion in 2024, and is expected to reach USD 7.63 billion by 2029, growing at a CAGR of 5.08% during the forecast period (2024-2029).
- Three-piece cans are a form of metal packaging utilized for food and beverage items, consisting of a cylindrical body, a top lid, and a bottom lid. The body is typically made of steel or aluminum and shaped into a cylinder, while the lids are also made of steel or aluminum and sealed to the body through a seaming process.
- These cans are commonly used for packaging vegetables, fruits, soups, meats, aerosol sprays, and paint. They are known for their durability, resistance to impact, ability to withstand high pressure, airtight sealing for preserving product freshness, and recyclability. However, they are less convenient to open compared to easy-open cans or pouches and require a specialized canning process, which can increase production costs.
- The United States has a well-established beverage market, encompassing both alcoholic and non-alcoholic drinks. In 2021, the total beer market in the United States was valued at USD 100.2 billion, with craft beer accounting for USD 26.8 billion (21.0%). The Brewers Association noted a 7.9% increase in craft beer sales, equivalent to approximately 24.5 million barrels. Consequently, there is a notable surge in demand for metal cans in the United States market.
- Additionally, strategic collaborations and the emergence of new markets will drive market growth. However, the COVID-19 pandemic led to disruptions in the industry's supply chain and manufacturing units due to restrictions on recycling activities, bauxite mining, and transportation of raw materials. This resulted in a slowdown in the supply of three-piece cans for the paint industry. On the other hand, the demand for beverage products increased during the pandemic as consumer buying patterns shifted, and increased consumption of food and beverage products during the lockdown helped in the recovery of the three-piece cans market.
