The size of the North America food and beverage metal cans market is expected to be worth USD 19.30 million in 2024 and grow at a CAGR of 3.07% from 2024 to 2029 to achieve USD 22.46 million by 2029.
Metal cans are primarily used for food and beverage packaging and were originally introduced within the 19th century. Food and Beverage Metal Cansfind huge demand in applications like wine packaging, and other industries like oils, chemicals, and food and beverage products. Food and Beverage Metal Cans are made of aluminum and steel and are used for packaging in various industries. High availability and easy usage have promoted the adoption of metal cans in the packaging sector. Additionally, innovation in these cans in the manufacturing process, size and shape has taken the packaging industry one step further. Better preservation and better shelf life have increased the use of metal cans in the food and beverage industry in North America.
The Food and Beverage Metal Cans market is becoming important due to its wide application in the and manufacturers are focusing more on tailoring metal cans to prevent contamination and decomposition of products. Modernizing consumer lifestyles can have a positive impact on the overall market growth of North America Food and Beverage Metal Cans during the forecast period. Also, the plastic ban opens up a favorable opportunity for the packaging industry. While the impressive sales strategy for the use of metal cans in the food and beverage industry is considered modern and difficult to modify, it has had a major impact on the North America Food and Beverage Metal Cans market because users think it is convenient and economical. The main beneficial factor is expected to drive the growth of the North America Food and Beverage Metal Cans market during the prognosis period. Aspects such as environmental benefits, an increase in canned goods and the recirculation rate are expected to have a positive impact on the North America Food and Beverage Metal Cans during the prediction period. This product stands out for its unique characteristics, such as hermetic cover, resistance to transport and irregular handling, easy recycling. Aluminum and steel sheets are the main raw materials for the manufacture of products. The various coating technologies used in product manufacturing include high solids coatings, aqueous coatings, powder coatings, UV cure coatings, and conventional solvent-based coatings. The purpose of the coating is to protect the product from wear and rust, reduce friction and improve handling. The use of green products offers tremendous opportunities for this business growth.
The North America Food and Beverage Metal Cans market has experienced remarkable growth in recent years due to the rapid packaging industry. Metal cans are widely used in the food and beverage packaging industry. As the demand for these metal cans has increased, it has been a great stimulus to the North America business in recent years. Analysts expect higher disposable income and lifestyle changes to have a positive impact on the North America Food and Beverage Metal Cans market. The market also benefits from the fact that these cans can be recycled and reused. Food and Beverage Metal Cans are used to package human food, pet food, beverage etc. Manufacturers in the industry used in to make metal cans. However, aluminum and steel replaced the use of tin. These materials are consistent with safety and hygiene standards in the food and beverage packaging industry, making them the preferred metal cans for packaging. The demand for North America Food and Beverage Metal Cans has increased as the aluminum recycling rate is high, the number of health-conscious consumers’ increase and awareness of healthy nutrients in food and beverages rises.
The growth of the North America Food and Beverage Metal Cans market has increased significantly as the government's involvement in the ban on the use of disposable plastics and the ban on plastics that negatively affect the environment become aware. North America Food and Beverage Metal Cans growth may be limited as consumer environmental problems with aluminum, iron ore and other metals grow. In addition to alternatives like paper and plastic, volatility in raw material costs and the shortage of microwave abilities are determined to limit overall industry growth.
In 2015, North America emerged as an important region, representing 31.2% of the overall import share. Increased consumption of beer and other alcoholic beverages is likely to boost local industries in the forecast period. US consumption of Food and Beverage Metal Cans is expected to drive market growth over the same period. The market for metal cans for food and beverages in North America is supposed to grow steadily, but at a slower rate during the estimated time. Major markets like the United States and Canada have reached maturity, leading to stable growth at a slow pace. Therefore, since the increase in production is slow, demand must be consistent with production. North America has the most substantial share in the metal food and beverage cans business. The North America Food and Beverage Metal Cans market is largely driven by increased consumer awareness of environmental sustainability. North America is a major producer of food and beverages. In addition, it is one of the largest consumers of aluminum cans, and this region is dominated by many consumers, primarily of packaged food and beverage in the world. Strong investments and technological advances in R&D are presumed to have a positive impact on the production of the metal food and beverage cans industry in North America. These factors lead the North American market for metal cans for foods and beverages.
Major Key Players in the North America Food and Beverage Metal Cans Market are Crown Holdings, Ball Corporation, Silgan Holdings, Ardagh Group, CAN-PACK S.A., Kian Joo Group, CPMC Holdings, Kingcan Holdings Limited, Tetra Laval International S.A., and HUBER Packing Group
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