Metal Can & Container Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: September 2024
NAICS 33243Revenue
$26.0bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
29,073
Businesses
285
Wages
$X.Xbn
Metal Can & Container Manufacturing in the US industry analysis
Fluctuations in commodity prices have led to substantial revenue swings within the industry. Highly susceptible to the prices of aluminum and steel, the industry saw significant growth between 2021 and 2022 due to price surges post-pandemic, driven by supply chain disruptions including lockdowns, port closures and labor shortages. However, as global supply chains and economies began to normalize, a decline in aluminum and steel prices in 2023 resulted in a downturn for the industry, with expectations of continued downward pressure on growth in 2024. Overall, industry revenue is estimated to grow at a CAGR of 2.3%, including projected 0.5% growth in 2024 alone, reaching $26.0 billion.
Despite the price swings, demand for metal cans has been supported by growth in the beverage manufacturing industry, particularly among soft drink and beer producers. Population growth has propelled higher beverage consumption, though shifting consumer preferences towards wine and spirits have exerted downward pressures on demand for metal cans. Despite these shifts, beer remains a significant driver of industry demand. Additionally, the cost structure has been impacted by tariffs on imported aluminum and steel from China, temporarily hampering profitability following the onset of trade tensions in 2018. Nevertheless, the industry has advanced in recycling and coating technologies, embracing closed-loop recycling systems, eco-friendly coatings and innovations to improve efficiency and environmental impact.
Aluminum prices are projected to rise after stagnation in 2024, fueled by growing global economic activity and higher demand from electric vehicle production and renewable energy projects. In contrast, global steel prices are expected to decline due to weak construction demand in China and higher iron ore production in Australia and Brazil. Despite mixed input cost trends, the industry will benefit from increased consumer spending and economic growth, driven in part by projected declines in interest rates. Overall, the industry is projected to grow at a CAGR of 1.1%, reaching $27.4 billion by 2029.
Trends and Insights
- Commodity price fluctuations greatly impacted industry revenue. During the pandemic, disruptions drove supply drops, spiking aluminum and steel prices and boosting industry growth. As supply chains normalized, prices fell in 2023, exerting downward pressures on revenue growth.
- Aluminum price surges post-pandemic increased costs for aluminum cans. Aluminum's lightweight and quick-cooling properties make it ideal for carbonated drinks, beer and energy drinks. Recent price moderation has curtailed industry revenue growth and forecasts a muted 2024.
- Access to trading partners and labor remains a priority for facility locations. Many establishments are located near the north and south borders.
- Because of their lower production costs, plastic bottles are a major competitor for the metal can and container manufacturing industry. The convenience of larger sizes also makes them a popular choice among consumers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $26.0bn in 2024.
Trends and Insights
Fluctuations in commodity prices resulted in substantial revenue swings
- Industry revenue is highly influenced by commodity prices, especially aluminum and steel. Following the pandemic, aluminum and steel prices experienced a significant surge, which contributed to the overall growth of the industry between 2021 and 2022.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The price of aluminum is projected to grow, contributing to overall industry growth
- Following some stagnation in 2024, aluminum prices are expected to rise early in the outlook period, driven by stronger global economic activity and increasing demand for aluminum in electric vehicle production and renewable power infrastructure projects.
Biggest companies in the Metal Can & Container Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Ball Corp | 6,260.6 | 626.7 | 10.0 | |
Crown Holdings, Inc. | 3,582.0 | 398.6 | 11.1 | |
Ardagh Group S.A. | 3,475.3 | 425.5 | 12.2 |
To view the market share and analysis for all 21 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Aluminum cans , Steel and tin cans and Other metal containers. Aluminum cans is the largest segment of the Metal Can & Container Manufacturing in the US.
Trends and Insights
The price of aluminum surged following the pandemic, leading to increased costs for aluminum cans
- Aluminum cans dominate the beverage market, particularly for carbonated drinks, beer and energy drinks. The lightweight, quick-cooling properties and aesthetic appeal make them the preferred choice.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Plastic Bottle Manufacturing in the US
- Glass Product Manufacturing in the US
Complementors
- Metal Plating & Treating in the US
- Aluminum Manufacturing in the US
- Iron & Steel Manufacturing in the US
International industries
- Metal Can & Container Manufacturing in Canada
- Metal Drum, Can and Bin Manufacturing in Australia
- Steel Drum & Similar Container Manufacturing in the UK
- Light Metal Packaging Manufacturing in the UK
Table of Contents
About this industry
Industry definition
This industry primarily manufactures light metal cans made of aluminum or steel that are 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 doesn't manufacture foil containers or heavy metal containers.
What's included in this industry?
Aluminum cansSteel and tin cansSteel pails and barrelsCompanies
Ball CorpCrown Holdings, Inc.Ardagh Group S.A.Purchase this report to view all 21 major companies in this industry.
Related Terms
THREE-PIECE CANTWO-PIECE CANENDPAILIndustry Code
NAICS 33243 - Metal Can & Container Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Commodity price fluctuations greatly impacted industry revenue. During the pandemic, disruptions drove supply drops, spiking aluminum and steel prices and boosting industry g...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Aluminum price surges post-pandemic increased costs for aluminum cans. Aluminum's lightweight and quick-cooling properties make it ideal for carbonated drinks, beer and energ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Access to trading partners and labor remains a priority for facility locations. Many establishments are located near the north and south borders.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Because of their lower production costs, plastic bottles are a major competitor for the metal can and container manufacturing industry. The convenience of larger sizes also m...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Ball Corporation continues to lead the way. Headquartered in Colorado, it continues to supply more aluminum cans than any competitor.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Ball Corp's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Crown Holdings, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Ardagh Group S.A.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 18 additional companies
Detailed analysis
- Description and key data for Ball Corp, and factors influencing its performance in the industry
- Description and key data for Crown Holdings, Inc., and factors influencing its performance in the industry
- Description and key data for Ardagh Group S.A., and factors influencing its performance in the industry
- Description, key data and performance trends for 18 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Expenditure on alcohol and soft drink consumption remains a key indicator of success. Consumers of these products often prefer cans, making their demand essential to manufact...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Post-pandemic growth and tariffs on Chinese goods drove profit increases. Pandemic impacts led to fluctuating industry profit, but recent economic growth and tariffs boosted ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Metal Can & Container Manufacturing in the US industry in United States in 2024?
The market size of the Metal Can & Container Manufacturing in the US industry in United States is $26.0bn in 2024.
How many businesses are there in the Metal Can & Container Manufacturing in the US industry in 2024?
There are 285 businesses in the Metal Can & Container Manufacturing in the US industry in United States, which has declined at a CAGR of 1.6 % between 2019 and 2024.
Has the Metal Can & Container Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Metal Can & Container Manufacturing in the US industry in United States has been growing at a CAGR of 2.3 % between 2019 and 2024.
What is the forecast growth of the Metal Can & Container Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Metal Can & Container Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Metal Can & Container Manufacturing in the US market in United States?
The biggest companies operating in the Metal Can & Container Manufacturing market in United States are Ball Corp, Crown Holdings, Inc. and Ardagh Group S.A.
What does the Metal Can & Container Manufacturing in the US in United States include?
Aluminum cans and Steel and tin cans are part of the Metal Can & Container Manufacturing in the US industry.
Which companies have the highest market share in the Metal Can & Container Manufacturing in the US in United States?
The company holding the most market share in United States is Ball Corp.
How competitive is the Metal Can & Container Manufacturing in the US industry in United States?
The level of competition is high and steady in the Metal Can & Container Manufacturing in the US industry in United States.
