Metal Can & Container Manufacturing in the US - Market Research Report

Heavy metal: A depreciating US dollar will boost demand for industry exports

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Metal can and container manufacturers produce goods which aid in the storage and preservation of food, drinks, fuels and other materials. Canning beverages is the most common use of these products, as this provides easy storage, use and disposal for customers. The products which are stored in metal cans are largely considered discretionary purchases, so demand increased in line with the economy prior to the pandemic. However, as the pandemic hit, economic conditions deteriorated, hampering demand for canned beverages. Economic uncertainty did provide a temporary boost in demand for canned foods, as their long shelf-life appealed to customers at this time. Revenue stabilized, falling slightly after 2020 as high input costs continued to apply pressure. Overall, revenue is increasing at a CAGR of 0.2% to $23.2 billion over the past five years, causing profit to hit 3.3% of revenue. This industry primarily manufactures light metal cans made of aluminum or steel and used as beverage and food containers. Steel shipping barrels, drums, pails and other fabricated steel boxes are also manufactured by this industry and account for a small share of revenue. This industry does not manufacture foil containers or heavy metal containers.