North America Metal Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The North America Metal Packaging Market is Segmented by Material Type (Aluminum and Steel), Product Type (Cans (Food Cans, Beverage Cans, and Aerosol Cans), Bulk Containers, Shipping Barrels and Drums, Caps and Closures, and Other Product Types), End-User Industry (Beverage, Food, Industrial, Cosmetic & Personal Care, Household, Paints and Varnishes, and Other End-User Industries), and by Geography (United States and Canada). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

North America Metal Packaging Market Size

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North America Metal Packaging Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 37.41 Billion
Market Size (2029) USD 43.56 Billion
CAGR (2024 - 2029) 2.97 %
Market Concentration Low

Major Players

North America Metal Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Metal Packaging Market Analysis

The North America Metal Packaging Market size is estimated at USD 37.41 billion in 2024, and is expected to reach USD 43.56 billion by 2029, growing at a CAGR of 2.97% during the forecast period (2024-2029).

Metal packaging is gaining popularity in the North American region with the increasing consumption of canned food products to reduce the problem of food wastage and food loss along with the changing lifestyle of consumers. In addition to this, the adoption of metal cans for a variety of drinks, such as energy drinks, alcoholic drinks, and others, drives the sales of metal packaging products in the region. In April 2023, Kirin-owned New Belgium Brewing announced the launch of a hard juice seltzer-style beverage in the United States. The hard juice will be launched in metal cans.

  • The trend for lightweight and recyclable packaging solutions among brand owners and consumers makes metal packaging products the ideal choice of packaging formats. Metal packaging products such as cans are convenient and on-the-go, especially for the food and beverage industry. Also, the trend for single-serve aids to the demand for metal cans for food and beverage products.
  • The recyclability property of metal packaging products will help the brands achieve the recycling rate targets set by the Can Manufacturers Institute (CMI). The CMI had set a recycling rate of 45 percent in 2020 to a 70 percent recycling rate for aluminum beverage cans by the end of 2030 to 90 percent in 2050.
  • The use of metal packaging is also increasing in other end-use industries, such as cosmetics, chemicals, paints, and others. The positive outlook of these industries in the North American region is expected to have a significant impact on the metal packaging market during the forecast period. The trend for decorative paint sprays in the automotive industry will push the sales of aerosol cans.
  • Besides this, the availability of other packaging materials constituting similar properties with the advent of advanced technology is projected to create a market challenge for metal packaging manufacturers in the region.

North America Metal Packaging Market Trends

Metal Food Cans Addressing the Food Loss and Wastage Issue Drive the Market

  • The concern regarding food loss and wastage is increasing among the food brands as well as the consumers. According to the study, around 40% of food in emerging economies is wasted during the first two steps of the value chain, whereas in mature economies, around 40% of the food wastage is during the last two steps of the value chain.
  • The packaging of the product and processing can impact both economies as it lies in the middle of the value chain. Metal food cans serve as an ideal and unique packaging format when compared to other packaging types as the metal cans are hermetically sealed, which helps preserve the food content and the nutrients for very long periods of time.
  • In addition, the process of canning also helps destroy a variety of deactivated enzymes and pathogens that otherwise may lead to premature deterioration of food. The heat treatment for canning ensures the destruction of spores of B.cereus, which otherwise leads to intestinal illness. The canned food products do not require refrigeration until served, leading to significant energy savings. Thus, the mentioned factors offer safe transportation of food products throughout the value chain and maintain nutritional value and product quality for a longer period.
  • According to the United Nations Environment Programme (UNEP), around 133 billion pounds of edible food in the United States goes to waste every year. The food waste costs about two percent of the country's GDP. Also, food waste contributes 21 percent volume of material in U.S. landfills. The government initiative and programs to reduce food waste and food loss are expected to create market opportunities for metal packaging manufacturers in the region.
  • The food brands are trying to address the food wastage concern by adapting metal cans for the food products. The retail sales of canned food products in the United States have increased compared to the previous year, accounting for USD 11.44 billion in 2023 (January-April) from USD 10.49 billion in 2022 (January-April).
  • The metal food cans also address the single-serve concern, resulting in portion control. Portion control cuts down food wastage as it encourages the individual to consume the desired amount of portion.
North America Metal Packaging Market: Retail Sales of Canned Food Products, United States, In USD Billion, 2022-2023 (January-April)

Chemical Sector in Canada Aid to the Growth of Metal Packaging

  • Bulk containers, shipping barrels, and drums are used for storing and transporting chemical products. Chemical manufacturers must abide by chemical handling and safety precautions while selecting the proper packaging formats. The improper packaging of chemical products leads to the risk of accidents. Also, the chemical packaging needs to be leak and spill-proof for safe handling and disposal, along with meeting stringent regulations.
  • The metal containers are the ideal packaging format and material for storing flammable solvents. The flammable solvents are liquids with a flashpoint of approximately 37.8 degrees Celsius. It is the lowest temperature where vapor is released to ignite. There are chances of danger to be caused as vapor is prone to ignition by naked flames. The metal packaging products protect the flammable solvents against naked flames.
  • The expanding chemical sector in Canada is expected to push the demand for metal packaging. The chemical industry shipment in Canada for the year 2022 stood at USD 72.7 billion from USD 64.1 billion in 2021. An increase of 13.5 percent was observed in 2022 compared to 2021. Also, the shipment of industrial chemicals increased by 11.2% in 2022, accounting for USD 34.2 billion from USD 30.5 billion in 2021.
  • Furthermore, metal packaging products are not suitable for certain chemical categories as metal is reactive, which may cause danger. This may create a challenge for metal packaging manufacturers dealing in the chemical sector. The metal packaging manufacturers are trying to overcome the challenge by applying advanced coating and painting to the metal containers.
North America Metal Packaging Market: Chemical Industry Shipment in USD Billion, Canada, 2020-2022

North America Metal Packaging Industry Overview

The North American metal packaging market is characterized by its fragmented nature, boasting a multitude of players. Prominent companies in this market include Ardagh Metal Packaging S.A. (Ardagh Group), Crown Holdings, Inc., Ball Corporation, Mauser Packaging Solutions, Silgan Holding, Inc., GREAT WESTERN CONTAINERS INC., among others. These industry players are actively vying for market share by introducing innovative products that align with prevailing consumer trends. Additionally, they are pursuing strategies such as acquisitions to strengthen their presence in both local and global markets and enhance their brand portfolios.

In April 2023, members of the Can Manufacturers Institute (CMI), which encompasses aluminum beverage can manufacturers and can sheet producers, joined hands with the CMI to endorse the transition strategy of the Mission Possible Partnership (MPP). This collaborative strategy is dedicated to reducing the carbon footprint within the aluminum beverage can industry and augmenting the recovery of used beverage cans. It is also geared towards assisting manufacturers in reaching the targeted recycling rates for aluminum beverage cans in the United States.

In January 2023, Ardagh Metal Packaging S.A. (Ardagh Group) announced the expansion of its product offerings for the beverage sector. The company introduced a new 19.2 oz. (568 ml) beverage can cater to the increasing demand for single-serve consumption. This strategic move addresses the evolving preferences of consumers for smaller beverage sizes.

North America Metal Packaging Market Leaders

  1. Ardagh Metal Packaging S.A. (Ardagh Group)

  2. Ball Corporation

  3. Crown Holdings, Inc.

  4. Silgan Holdings Inc.

  5. Mauser Packaging Solutions

*Disclaimer: Major Players sorted in no particular order

North America Metal Packaging Market Concentration
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North America Metal Packaging Market News

  • May 2023: ACTEGA North Amеrica, a rеnownеd manufacturеr spеcializing in coatings, inks, adhеsivеs, sеalants, and compounds for thе print and packaging industry, rеvеalеd its stratеgic initiativе to еstablish a cutting-еdgе production facility in North Carolina. This statе-of-thе-art facility will play a pivotal rolе in facilitating thе local manufacturing of mеtal dеcorating inks, signifying a significant milеstonе in ACTEGA's еxpansion еfforts. Thе introduction of thеsе mеtal dеcorating inks will еnablе thе company to makе a strong еntrancе into thе thriving North Amеrican mеtal packaging markеt.
  • Novеmbеr 2021: Ardagh Mеtal Packaging (AMP), a subsidiary of thе Ardagh Group, succеssfully complеtеd thе acquisition of Hart Print, a Canada-basеd company spеcializing in digital printеd cans. Establishеd in 2018 and hеadquartеrеd in Quеbеc, Hart Print is known for its innovativе and flеxiblе digital printing solutions catеring to customеrs within thе bеvеragе industry

North America Metal Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Metal Food Cans Addressing the Food Loss and Wastage Issue Drive the Market

      2. 5.1.2 Chemical Sector in Canada Aid to the Growth of Metal Packaging

    2. 5.2 Market Restraints

      1. 5.2.1 The Availability of Other Packaging Material with the Similar Properties

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Material Type

      1. 6.1.1 Aluminium

      2. 6.1.2 Steel

    2. 6.2 By Product Type

      1. 6.2.1 Cans

        1. 6.2.1.1 Food Cans

        2. 6.2.1.2 Beverage Cans

        3. 6.2.1.3 Aerosol Cans

      2. 6.2.2 Bulk Conatiners

      3. 6.2.3 Shipping Barrels and Drums

      4. 6.2.4 Caps & Closures

      5. 6.2.5 Other Product Type (Tubes, etc.)

    3. 6.3 By End-user Industry

      1. 6.3.1 Beverage

      2. 6.3.2 Food

      3. 6.3.3 Cosmetics & Personal Care

      4. 6.3.4 Household

      5. 6.3.5 Paints & Varnishes

      6. 6.3.6 Other End-user Industries (Automotive, Industrial)

    4. 6.4 By Country

      1. 6.4.1 United States

      2. 6.4.2 Canada

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles*

      1. 7.1.1 Ardagh Metal Packaging S.A. (Ardagh Group)

      2. 7.1.2 Ball Corporation

      3. 7.1.3 Crown Holdings, Inc.

      4. 7.1.4 CANPACK S.A. (CANPACK Group)

      5. 7.1.5 Silgan Holdings Inc.

      6. 7.1.6 Greif, Inc.

      7. 7.1.7 Mauser Packaging Solutions

      8. 7.1.8 Cleveland Steel Container Corporation

      9. 7.1.9 GREAT WESTERN CONTAINERS INC.

      10. 7.1.10 Tecnocap Group

  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

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North America Metal Packaging Industry Segmentation

Metal packaging made from steel or aluminum offers excellent barrier properties, making it ideal for different end-use applications. The metal packaging helps in keeping the content away from sunlight, which results in an extended shelf-life of the product. Also, the durability, toughness, and rigidity of metal packaging offer protection against damage. With the increasing sustainability concern among the end-user industries, metal packaging is expected to gain market share owing to reduced environmental impact.

The North America metal packaging market is segmented by material type (aluminum and steel), product type (cans (food cans, beverage cans, and aerosol cans), bulk containers, shipping barrels and drums, caps and closures, and other product types), end-user industry (beverage, food, industrial, cosmetic & personal care, household, paints and varnishes, and other end-user industries), and by geography (United States and Canada). The market size and forecasts regarding value (USD) for all the above segments are provided.

By Material Type
Aluminium
Steel
By Product Type
Cans
Food Cans
Beverage Cans
Aerosol Cans
Bulk Conatiners
Shipping Barrels and Drums
Caps & Closures
Other Product Type (Tubes, etc.)
By End-user Industry
Beverage
Food
Cosmetics & Personal Care
Household
Paints & Varnishes
Other End-user Industries (Automotive, Industrial)
By Country
United States
Canada
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North America Metal Packaging Market Research Faqs

The North America Metal Packaging Market size is expected to reach USD 37.41 billion in 2024 and grow at a CAGR of 2.97% to reach USD 43.56 billion by 2029.

In 2024, the North America Metal Packaging Market size is expected to reach USD 37.41 billion.

Ardagh Metal Packaging S.A. (Ardagh Group), Ball Corporation, Crown Holdings, Inc., Silgan Holdings Inc. and Mauser Packaging Solutions are the major companies operating in the North America Metal Packaging Market.

In 2023, the North America Metal Packaging Market size was estimated at USD 36.30 billion. The report covers the North America Metal Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Metal Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Metal Packaging Industry Report

Statistics for the 2024 North America Metal Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Metal Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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North America Metal Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)