Market Trends of United States Aluminum Beverage Cans Industry
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.
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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.
