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North America 3 Piece Metal Cans Market Size (2024 - 2029)

The North America 3 Piece Metal Cans Market is projected to experience growth over the forecast period, driven by the increasing demand for durable and recyclable packaging solutions in the food and beverage sector. These cans, known for their strength and airtight sealing, are widely used for various products, including vegetables, fruits, and beverages. The market's expansion is supported by strategic collaborations and the development of new markets, despite challenges posed by supply chain disruptions during the COVID-19 pandemic. The shift in consumer buying patterns and increased consumption of food and beverages during lockdowns have also contributed to the market's recovery and growth.

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Market Size of North America 3 Piece Metal Cans Industry

North America 3 Piece Metal Cans Market Summary
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

North America 3 Piece Metal Cans Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

North America 3 Piece Metal Cans Industry Segmentation

Three-piece cans consist of a cylindrical body rolled from a piece of flat metal with a longitudinal seam (usually formed by welding) together with two can ends, which are seamed onto each end of the body.

The North American 3-piece metal cans market is segmented by material (aluminum, steel, and other materials), degree of internal pressure (pressurized cans and vacuum cans), application (beverage, canned food, paints, other applications), and country (United States, Canada, and Mexico).

The report offers the market sizes and forecasts for the Saudi Arabia structural steel fabrication market in value (USD) for all the above segments.

By Material
Aluminum
Steel
Other Materials
By Degree of Internal Pressure
Pressurized Cans
Vacuum Cans
By Application
Beverage
Canned Food
Paints
Other Applications
By Country
United States
Canada
Mexico
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North America 3 Piece Metal Cans Market Size Summary

The North America three-piece metal cans market is poised for significant growth, driven by the increasing demand for durable and recyclable packaging solutions in the food and beverage industry. These cans, composed of a cylindrical body and two lids, are favored for their ability to preserve product freshness and withstand high pressure, making them ideal for packaging a variety of products, including vegetables, fruits, soups, and aerosol sprays. The market is characterized by a competitive landscape with numerous small and medium-sized players, alongside major companies like Crown, Ball Corporation, and Silgan Containers. The United States, with its robust beverage market, particularly in craft beer, is a key driver of demand for metal cans, while strategic collaborations and geographic expansions by major players are expected to further bolster market growth.

Consumer trends towards convenience and ready-to-eat meals are also contributing to the market's expansion, as more individuals seek time-saving food options. The rise of the millennial population, who favor easy-to-prepare meals, is influencing the preference for canned products. In Canada, the increasing consumption of canned foods is supported by demographic shifts and a growing interest in nutritious and sustainable food choices. The market's growth is further supported by investments and new product launches by key players, aiming to meet the evolving consumer preferences for health-conscious and convenient food options. Despite challenges such as supply chain disruptions during the COVID-19 pandemic, the market is recovering, with a focus on enhancing production capabilities and adopting new technologies to improve efficiency and reduce costs.

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North America 3 Piece Metal Cans Market Size - Table of Contents

  1. 1. MARKET INSIGHTS & DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Demand of Packed Food

      2. 1.2.2 Rising Demand in Paint Industry

    3. 1.3 Market Restraints

      1. 1.3.1 Increasing Cost of Raw Materials

    4. 1.4 Market Opportunities

    5. 1.5 Value Chain / Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Technological Snapshot

    8. 1.8 Government Regulations & Key Initiatives

    9. 1.9 Impact of Covid-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Aluminum

      2. 2.1.2 Steel

      3. 2.1.3 Other Materials

    2. 2.2 By Degree of Internal Pressure

      1. 2.2.1 Pressurized Cans

      2. 2.2.2 Vacuum Cans

    3. 2.3 By Application

      1. 2.3.1 Beverage

      2. 2.3.2 Canned Food

      3. 2.3.3 Paints

      4. 2.3.4 Other Applications

    4. 2.4 By Country

      1. 2.4.1 United States

      2. 2.4.2 Canada

      3. 2.4.3 Mexico

North America 3 Piece Metal Cans Market Size FAQs

The North America 3 Piece Metal Cans Market size is expected to reach USD 6.07 billion in 2024 and grow at a CAGR of 5.08% to reach USD 7.63 billion by 2029.

In 2024, the North America 3 Piece Metal Cans Market size is expected to reach USD 6.07 billion.

North America 3 Piece Metal Cans Market Report Snapshots

North America 3 Piece Metal Cans Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)