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U.S. Metal Can Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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Article Publishing Date: Jan 27, 2021

The American Metal Can Market Languishes Against the Pandemic and Competition from Plastic Containers

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IndexBox has just published a new report: 'U.S. Metal Can Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

In 2019, the U.S. metal can market decreased by -2.2% to $12.6B, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a slight reduction. The growth pace was the most rapid in 2014 when the market value increased by 1.6% y-o-y. As a result, consumption reached the peak level of $14.1B. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

The market remains almost entirely supplied by domestic manufacturers. Despite its rapid growth over the last two years, the share of imports in terms of total consumption remains negligibly small, amounting to near 3%. The market, therefore, is not really an attractive destination for suppliers from abroad. In value terms, metal can production declined slightly to $12.4B in 2019 (IndexBox estimates). Over the period under review, production saw a perceptible reduction. 

The long-term contraction from 2015-2019 is largely shaped by a sharp drop in oil prices in 2015. It caused a simultaneous decline in global prices for many commodities, including metals, leading to a decrease in raw material cost for the production of metal cans. Moreover, prices for polymer materials also dropped, making the competitive plastic packaging more affordable.

Metal cans are mainly used as packaging for food and drink items, as well as for laundry goods, personal care goods, and chemicals, incl. solvents for paints, automotive chemistry, etc. Accordingly, the market is affected, on the one hand, by an increase in the population and its income, and on the other hand, the general dynamics of the economy and industrial production.

In early 2020, the global economy entered a period of crisis caused by the COVID-19 pandemic, due to which most countries in the world put on halt production and transport activity. The result will be a drop in GDP relative to previous years and an unprecedented decline in oil prices. Since production in many countries to some extent stops for several months, international transport was almost completely discontinued and domestic travel was minimized, oil demand fell sharply, which led to lower prices and heavy oil production cuts taking place.

This drop in oil prices in 2020 is to make the competition with cheaper plastic containers more severe. The U.S. is expected to face a short-term recession, with the contraction of GDP of approx. -3.6% in 2020, as the hit of the pandemic was hard and unemployment soared due to the shutdown and social isolation. This, in turn, is to affect the demand for metal cans across all the major downstream industries.

Even more noticeable decrease can occur in the segment of chemical and construction containers, containers for fuel and lubricants. As the demand for trips fell sharply, the need for vehicle maintenance also contracted, which in turn reduces the demand for containers for related products. In the construction sector, there may also be a moment of uncertainty due to reduced income for potential home buyers – this, in turn, may also lead to a decrease in the consumption of metal cans for construction-related products.

In the medium term, should the pandemic outbreak end, and the economy start recovering in 2021, the market trend is to stabilize, driven by the fundamentals that existed before 2020.

Exports from the U.S.

In 2019, overseas shipments of metal can increased by 35% to 1.4B units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a deep contraction. Exports peaked at 3.7B units in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, metal can exports expanded rapidly to $281M (IndexBox estimates) in 2019.

Exports by Country

Canada (916M units) was the main destination for metal can exports from the U.S., with a 64% share of total exports. Moreover, metal can exports to Canada exceeded the volume sent to the second major destination, Mexico (250M units), fourfold. The third position in this ranking was occupied by Trinidad and Tobago (61M units), with a 4.3% share.

From 2013 to 2019, the average annual rate of growth in terms of volume to Canada totaled -12.5%. Exports to the other major destinations recorded the following average annual rates of export growth: Mexico (+13.0% per year) and Trinidad and Tobago (-1.3% per year).

In value terms, Canada ($197M) remains the key foreign market for metal can exports from the U.S., comprising 70% of total exports. The second position in the ranking was occupied by Mexico ($38M), with a 14% share of total exports. It was followed by Jamaica, with a 2.2% share.

From 2013 to 2019, the average annual rate of growth in terms of value to Canada totaled -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.9% per year) and Jamaica (+7.9% per year).

Companies Mentioned in the Report

Ball Corporation, Crown Holdings Inc., Silgan Containers, BWAY Corporation, Silgan Holdings, Independent Can Company, Exal Corporation, Conco, Can Corporation of America, Ds Containers, Silgan White Cap Corporation, CCL Container Corporation, Ball Metal Food Container Corp., Justrite Manufacturing Company, Rexam Beverage Can Company, Silgan Containers Manufacturing Corporation, Bway Holding Company, Metal Container Corporation, Silgan Containers Corporation, Crown Cork & Seal Usa, Reynolds Metals Company, PSC Industries, Foulkrod Associates, Brockway Standard (new Jersey), Ball Aerosol and Specialty Container Inc., Crown Beverage Packaging, Ball Metal Beverage Container Corp., Ball Packaging, Bway Parent Company, Bway Intermediate Company, Crown Cork & Seal Company

Source: IndexBox AI Platform

Product coverage:
• NAICS 332431 - Metal can manufacturing

This report provides an in-depth analysis of the metal can market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Ball Corporation
• Crown Holdings Inc.
• Silgan Containers
• BWAY Corporation
• Silgan Holdings
• Independent Can Company
• Exal Corporation
• Conco
• Can Corporation of America
• Ds Containers
• Silgan White Cap Corporation
• CCL Container Corporation
• Ball Metal Food Container Corp.
• Justrite Manufacturing Company
• Rexam Beverage Can Company
• Silgan Containers Manufacturing Corporation
• Bway Holding Company
• Metal Container Corporation
• Silgan Containers Corporation
• Crown Cork & Seal Usa
• Reynolds Metals Company
• PSC Industries
• Foulkrod Associates
• Brockway Standard (new Jersey)
• Ball Aerosol and Specialty Container Inc.
• Crown Beverage Packaging
• Ball Metal Beverage Container Corp.
• Ball Packaging
• Bway Parent Company
• Bway Intermediate Company
• Crown Cork & Seal Company

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013-2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2019
Figure 5:
Trade Balance, In Physical Terms, 2013-2019
Figure 6:
Trade Balance, In Value Terms, 2013-2019
Figure 7:
Per Capita Consumption, 2013-2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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