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North America Metal Packaging Market Size (2024 - 2029)

The North America Metal Packaging Market is experiencing growth driven by the increasing demand for canned food products and the adoption of metal cans for various beverages. This trend is supported by the preference for lightweight and recyclable packaging solutions, making metal packaging particularly suitable for the food and beverage industry. The recyclability of metal packaging also helps brands meet recycling targets, further boosting its appeal. Additionally, the market is benefiting from the positive outlook in other sectors such as cosmetics and chemicals, although the availability of alternative packaging materials poses a challenge.

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Market Size of North America Metal Packaging Industry

North America Metal Packaging Market Summary
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

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 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 Size Summary

The North American metal packaging market is experiencing a steady growth trajectory, driven by the increasing demand for sustainable and efficient packaging solutions. Metal packaging, particularly in the form of cans, is gaining traction due to its recyclability and convenience, making it a preferred choice for the food and beverage industry. The rising consumption of canned food and beverages, including energy and alcoholic drinks, is a significant factor contributing to market expansion. Additionally, the trend towards single-serve packaging is further boosting the demand for metal cans, as they offer portion control and help reduce food wastage. The market is also benefiting from the positive outlook in other sectors such as cosmetics, chemicals, and paints, where metal packaging is valued for its durability and safety features.

The market landscape is characterized by a fragmented structure with numerous players, including prominent companies like Ardagh Metal Packaging, Crown Holdings, and Ball Corporation, who are actively innovating and expanding their product offerings to capture market share. Collaborative efforts, such as those by the Can Manufacturers Institute, aim to enhance recycling rates and reduce the carbon footprint of aluminum beverage cans, aligning with broader sustainability goals. Despite challenges posed by alternative packaging materials and the reactivity of metal in certain chemical applications, advancements in coating technologies are helping manufacturers address these issues. The ongoing expansion of production facilities and strategic acquisitions further underscore the dynamic nature of the market, positioning it for continued growth in the coming years.

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North America Metal Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material Type

      1. 2.1.1 Aluminium

      2. 2.1.2 Steel

    2. 2.2 By Product Type

      1. 2.2.1 Cans

        1. 2.2.1.1 Food Cans

        2. 2.2.1.2 Beverage Cans

        3. 2.2.1.3 Aerosol Cans

      2. 2.2.2 Bulk Conatiners

      3. 2.2.3 Shipping Barrels and Drums

      4. 2.2.4 Caps & Closures

      5. 2.2.5 Other Product Type (Tubes, etc.)

    3. 2.3 By End-user Industry

      1. 2.3.1 Beverage

      2. 2.3.2 Food

      3. 2.3.3 Cosmetics & Personal Care

      4. 2.3.4 Household

      5. 2.3.5 Paints & Varnishes

      6. 2.3.6 Other End-user Industries (Automotive, Industrial)

    4. 2.4 By Country

      1. 2.4.1 United States

      2. 2.4.2 Canada

North America Metal Packaging Market Size 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.

North America Metal Packaging Market Report Snapshots

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