The US metal cans market size is expected to grow from USD 20.73 billion in 2024 to USD 24.18 billion by 2029, registering a CAGR of 3.13% during the forecast period (2024-2029).
The increasing popularity of metal cans can be attributed to various factors, including their sustainability, durability, and ease of use, as well as the increase in non-premise consumption and consumer preference for new formats (alcoholic and nonalcoholic), food and aerosol in which cans are the preferredand aerosol in which cans are the preferred packaging.
The US metal cans market is competitive in nature. Brand identity plays a significant role in the market due to the consumers' inclination toward a more well-identified brand. Market penetration is growing, with a strong presence of major players in established markets, and strategic partnerships are further intensifying the competition. The market also has significant players operating in the industry with higher shares. The barriers to exiting the market are high since metal can manufacturers require a significant divestment of quite specialized assets, which tends to intensify the competitive rivalry. Some of the key players operating in the region include Crown Holdings Inc., Ball Corporation, Silgan Holdings Inc., Mauser Packaging Solutions (BwayHolding Corporation), and Ardagh Metal Packaging SA (Ardagh Group SA).
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