United States Aluminum Beverage Cans Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 27.31 Billion |
| Market Size (2029) | USD 31.47 Billion |
| CAGR (2024 - 2029) | 2.88 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Aluminum Beverage Cans Market Analysis
The United States Aluminum Beverage Cans Market size is estimated at USD 27.31 billion in 2024, and is expected to reach USD 31.47 billion by 2029, growing at a CAGR of 2.88% during the forecast period (2024-2029).
- Aluminum cans offer numerous advantages, including rigidity, stability, and high barrier properties. These qualities make them suitable for storing goods with extended shelf lives and those requiring long-distance transportation. Manufacturers and industries prefer aluminum cans due to their softness and lightweight nature, which helps reduce logistics costs.
- The beverage industry widely uses aluminum cans because of their easy disposal and recyclability. They also extend product shelf life. Major end-user segments for aluminum beverage cans include carbonated soft drinks, energy drinks, and alcoholic beverages.
- Consumer preferences for small sizes and multi-pack packaging formats contribute to the growth of aluminum can volume and design innovations. Aluminum cans are particularly suitable for consumers with on-the-go lifestyles, offering convenience as a primary benefit. These cans are easily transportable to festivals, beaches, outdoor events, and sports venues.
- Recycling aluminum saves over 90% of the energy required to produce new metal, reducing production costs. Two of every three aluminum cans shipped are recycled in the United States. These factors are expected to drive market growth in the future.
- Aluminum packaging faces competition from alternative packaging solutions such as plastic, paper, and glass. Plastic packaging remains the primary competitor to metal packaging. The beverage industry, the largest user of aluminum cans, has begun adopting recyclable plastic packaging solutions. Plastic cans offer transparency, allowing brands to showcase their beverage quality.
- In March 2023, the National Association for PET Container Resources (NAPCOR), the trade association for the PET packaging industry in the United States, Canada, and Mexico, presented a life cycle assessment (LCA). This assessment indicated that PET bottles have a lower environmental impact than glass and aluminum containers.
United States Aluminum Beverage Cans Market Trends
3-Piece is Anticipated to Witness Significant Growth
- 3-piece metal cans are packaging comprising three main components: the cylindrical body, the bottom end, and the top lid. The body is formed from a single piece of metal sheet rolled into a cylinder, while the bottom end and top lid are separate circular pieces securely attached to the ends of the body.
- The demand for durable and secure packaging solutions has significantly driven the growth of 3-piece metal cans. Pet food requires packaging that can preserve freshness, aroma, and nutritional value. 3-piece metal cans provide excellent protection against external elements such as moisture, oxygen, and light, ensuring the quality and safety of the pet food over an extended period.
- Organic packaged foods often contain natural ingredients and lack synthetic preservatives. 3-piece cans protect against external contaminants and maintain product freshness, which is crucial for organic foods that lack preservatives.
o According to the Organic Trade Association, the demand for organic packaged food is increasing. It is expected to account for a value increase of USD 17,459 million in 2018 to USD 25,060 million in 2025. - This growing demand creates opportunities for the 3-piece cans market to thrive by offering reliable product protection, extended shelf life, positive consumer perception, sustainability credentials, and versatility in product offerings.
Energy Drinks is Observing a Notable Growth
- Increasing consumer health awareness has increased demand for non-alcoholic beverages with reduced sugar, calories, and artificial ingredients. This shift in consumer preferences has resulted in a surge in the market for healthier beverage options.
o Consumers are willing to pay premium prices for beverages perceived as high-quality, natural, and organic. The non-alcoholic beverage market is expanding into new geographical regions and demographic segments, driven by the growth of the middle class in emerging economies and an increasing preference for healthy and convenient drink options. - Energy drinks have become more popular in the United States in recent years. According to Beverage Industry Magazine, in 2017, sales of energy drinks in the United States accounted for USD 11 billion and reached around USD 18.5 billion by 2023.
o The energy drink market is characterized by intense competition, with brands regularly introducing new flavors, sizes, and packaging options. This continuous innovation stimulates demand for various types of aluminum cans, including specialty designs and larger formats. As a result, can manufacturers benefit from the expanding range of packaging requirements in this dynamic market segment. - According to Monster Beverage, energy drink sales in the United States reached approximately 1.6 billion units in 2023, up from 1.15 billion units in 2018. The growth in energy drink sales is expected to drive the demand for aluminum cans as a packaging option. Aluminum cans are favored for their lightweight properties, recyclability, and convenience, making them a preferred choice for beverage packaging.
United States Aluminum Beverage Cans Industry Overview
The aluminum beverage cans market in the United States is fragmented due to the presence of a few major market players, such as Ardagh Group, Ball Corporation, and Crown Holdings Inc. Sustainable competitive advantage is expected to be gained through design, technology, and application innovation. The market penetration for aluminum beverage cans has increased over the past decade due to the increasing demand for food and beverages. Furthermore, the market players are adopting competitive strategies such as partnerships, emphasizing R&D and innovative activities.
United States Aluminum Beverage Cans Market Leaders
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Crown Holdings Inc.
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Ball Corporation
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Silgan Holdings Inc.
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Ardagh Group SA
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Envases Group
*Disclaimer: Major Players sorted in no particular order
United States Aluminum Beverage Cans Market News
- April 2024: Can-One USA, a subsidiary of the Malaysian can manufacturing company Can-One, launched operations at its new facility in the United States. The 180,000-sq. ft plant in Nashua, New Hampshire, expects to produce 2 billion aluminum beverage cans annually. It will manufacture various aluminum can sizes to meet the needs of craft brewers and smaller beverage producers. The facility will focus on popular sizes such as 12 oz (355 ml) and 16 oz (473 ml), which are in high demand among sparkling water, juice, and other functional beverage producers.
- March 2024: Ball Corporation, Copper Mountain Resort, and POWDR Adventure Lifestyle Corporation jointly announced the installation of a reverse vending machine (RVM) at Jack's Slopeside Grill. This initiative aims to enhance aluminum recycling efforts in the mountain town. Ball Corporation, a global supplier of sustainable aluminum beverage packaging, collaborated with Recycle Track Systems (RTS), a prominent recycling data collection provider, to implement an RVM powered by RTS's Cycle platform.
- September 2023: Novelis Inc., a prominent sustainable aluminum solutions provider, announced a new anchor customer contract with Ball Corporation, a leading aluminum can manufacturer in North America, in early 2023. The agreement stipulates that Novelis will supply aluminum sheets to Ball's can manufacturing facilities across North America.
- September 2023: Novelis announced opening a new manufacturing facility, scheduled to begin operations in 2025. This plant will be the first fully integrated aluminum manufacturing facility constructed in the United States in nearly four decades. The facility will have an initial production capacity of 600,000 tonnes of finished goods, primarily serving the North American beverage can and automotive markets.
United States Aluminum Beverage Cans Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Industry Standards & Regulations on Recycling of Metal Cans
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Demand from the Non-Alcoholic Beverage Sector
5.1.2 High Recyclability Rates of Metal Packaging
5.2 Market Challenges
5.2.1 Growing Demand for Substitutes
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 2-piece
6.1.2 3-piece
6.2 By Application
6.2.1 Carbonated Soft Drinks
6.2.2 Beer
6.2.3 Water
6.2.4 Energy Drinks
6.2.5 Other Applications (Wine, Spirits, Flavored, Alcoholic Beverages, Juices, Dairy Based Beverages)
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Ball Corporation
7.1.2 Ardagh Group
7.1.3 Crown Holdings Inc.
7.1.4 Silgan Holdings
7.1.5 Envases Group
7.1.6 CANPACK GROUP
7.1.7 Mauser Packaging Solutions (Bway Holding Corporation)
7.1.8 Independent Can Company
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
United States Aluminum Beverage Cans Industry Segmentation
Aluminum beverage cans hold and dispense beverages like soft drinks, beer, and energy drinks. They are made from a thin sheet of aluminum that has been molded into the shape of a cylindrical can with a top and bottom cover. Aluminum cans are lightweight, durable, and transportable, making them a popular choice for beverage packaging. Furthermore, using aluminum cans protects the beverage's taste and freshness from light, air, and other external factors that can cause spoiling.
The US aluminum beverage cans market is segmented by type (2-piece and 3-piece) and application (carbonated soft drinks, beer, water, energy drinks, and other applications). The report offers market forecasts and size in value (USD) for all the above segments.
| By Type | |
| 2-piece | |
| 3-piece |
| By Application | |
| Carbonated Soft Drinks | |
| Beer | |
| Water | |
| Energy Drinks | |
| Other Applications (Wine, Spirits, Flavored, Alcoholic Beverages, Juices, Dairy Based Beverages) |
United States Aluminum Beverage Cans Market Research Faqs
How big is the United States Aluminum Beverage Cans Market?
The United States Aluminum Beverage Cans Market size is expected to reach USD 27.31 billion in 2024 and grow at a CAGR of 2.88% to reach USD 31.47 billion by 2029.
What is the current United States Aluminum Beverage Cans Market size?
In 2024, the United States Aluminum Beverage Cans Market size is expected to reach USD 27.31 billion.
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.
What years does this United States Aluminum Beverage Cans Market cover, and what was the market size in 2023?
In 2023, the United States Aluminum Beverage Cans Market size was estimated at USD 26.52 billion. The report covers the United States Aluminum Beverage Cans Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Aluminum Beverage Cans Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Aluminum Beverage Cans Industry Report
Statistics for the 2024 US Aluminum Beverage Cans market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Aluminum Beverage Cans analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
