Market Forecast By Material (Steel, Aluminum, Others), By Product Type (Cans, Caps & Closures, Drums & Barrels, Others), By End User (Food, Beverage, Personal Care, Healthcare, Others) And Competitive Landscape
Product Code: ETC028341 | Publication Date: Oct 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | US Metal Packaging Market |
Forecast period | 2025-2031 |
CAGR | 3.8% |
Growing Sector | Sustainable Packaging |
The US Metal Packaging Market report thoroughly covers the market by Material, Product Type and End User. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
US Metal Packaging Market is exhibiting remarkable growth with an increasing focus on sustainability and new-age packaging requirements. In response to the heightened demands in the food, beverage, and personal care industries, metal packaging is being increasingly valued for its durability, recyclability, and new-age designs. Technological progress in the areas of material science and aesthetic personalization is making it possible for companies to address consumer demands and sustainability desires. This market's expansion reflects its critical position in meeting eco-friendly trends and providing functional and high-performance packaging solutions for various applications.
According to 6Wresearch, the US Metal Packaging Market is estimated to reach a CAGR of 3.8% during the forecast period 2025-2031. The growth is mainly attributed to surging demand for eco-friendly and sustainable packaging solutions. Also, metal packaging is highly recyclable and durable, aligns with the rising consumer awareness and preference for eco-friendly products. Furthermore, the expanding food and beverage industry in the US contributes significantly to the growth, as metal packaging provides excellent product preservation and shelf life. Innovations in packaging technology, including lightweight and corrosion-resistant materials, have also fueled US Metal Packaging Market Growth.
Despite favourable growth, the industry faces significant issues such as volatile raw material prices and energy-guzzling metal manufacturing processes. These are expected to impact the US Metal Packaging Market size, so manufacturers will search for renewable energy and streamline supply chains. Additionally, competition from other material forms, including bioplastics and glass, forces the industry to be innovative and competitive. Sustaining the rate of sustainability goals and fulfilling the market demand continues to be the top priority for stakeholders, as the industry changes based on changing consumer demands and regulatory needs.
US Metal Packaging Market is undergoing rapid shifts with evolving consumer preferences. Some of the trends influencing the market are enumerated below:
The US Metal Packaging Market offers many opportunities for value and long-term growth for investors. With changing consumer trends and advancements in packaging innovation, the market is ready for growth and innovation. Among the most important investment opportunities worth exploring are:
Regional manufacturing clusters: Investing strategic cost in regional manufacturing clusters can reduce distribution costs and enable quicker distribution in accordance with recent supply chain resilience strategies.
Major players in the US Metal Packaging Market includes:
Government regulations are significant drivers for the US Metal Packaging Market Growth, affecting practice of business and innovation. Regulatory agencies like the Environmental Protection Agency (EPA) and the Food and Drug Administration (FDA) enact stringent regulations to ensure environmental sustainability and consumer safety. From mandating recyclable materials to adopting food-grade packaging standards, such regulations force companies to adopt green and compliant practices. Regulations such as extended producer responsibility (EPR) legislation also encourage responsibility, with producers being forced to minimize waste and enhance recycling schemes. These actions are beneficial not only to world sustainability initiatives but also assist in the progress of more environmentally friendly technologies of metal packaging. Policymaking processes keep the industry stable and responsive to natural and evolving customer needs. These actions coalesce the marketplace strength to stabilise compliance and invention, putting its development trajectory on the whole path on a high trajectory.
US Metal Packaging Market is expected to observe tremendous growth due to rising demand for eco-friendly and efficient packaging products. As more awareness is emerging about environmental health and sustainability, companies are turning towards metal packaging as it is recyclable and has a long life. Evolutions in the field of material science ensure that there will be lighter and economical designs, further fuelling uptake in the food, beverage, and pharmaceutical segments. Also, increased spending on intelligent packaging technologies, such as printed electronics for traceability and freshness markers, will be expected to reset industry standards. The movement of consumer demand to sustainable products and brands will steer the attention toward more innovation, while government incentives promoting sustainable manufacturing will fuel increased growth. Collectively, these forces depict a bright picture for the market, harking towards its position in forging the next generation of eco-friendly packaging solutions.
The Report offers a comprehensive study of the subsequent market segments and their leading categories.
Steel is poised to dominate the market in terms of material due to its strength and economy, and it is perfect for storing and transporting heavy or fragile products. Its superior recyclability also supports sustainability, leading to its application in various industries. Its flexibility makes way for easy application for food and beverage cans as well as industrial drums. Its corrosion-resistant steel coatings also further propel its function and durability. All these place steel in a favourable position to be the go-to material for metal packaging in the US market.
Cans will dominate the market by product type as they enjoy widespread application in terms of packaging in the food and beverages industry because of their light weight yet sturdy design. Their capacity to maintain freshness and shelf-life extension positions them as a necessity for perishables. Moreover, aluminium and steel cans are easily recyclable, playing a large role in the facet of environmental responsibility. The growing demand for ready-to-drink products and food preserved in cans further serves to highlight their dominance. The versatility of size and design possibilities ensures their leadership in the marketplace.
According to Prakhar, Senior Research Analyst, 6Wresearch, the food market is projected to dominate the US Metal Packaging Market Share, driven by increasing demand for long shelf life and tamper-proof package solutions. Metal packaging, that is, steel and aluminium packages, provides the optimum preservation of food quality and food flavour over a long period of time. The growing consumption of canned and processed foods supports this trend, as consumers seek convenience without compromising safety. Industry emphasis on sustainable packaging to meet consumer as well as regulatory demands further supports the expansion of this segment. More advanced packaging designs like easy-open lids are also driving its dominance.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 US Metal Packaging Market Overview |
3.1 US Country Macro Economic Indicators |
3.2 US Metal Packaging Market Revenues & Volume, 2021 & 2031F |
3.3 US Metal Packaging Market - Industry Life Cycle |
3.4 US Metal Packaging Market - Porter's Five Forces |
3.5 US Metal Packaging Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 US Metal Packaging Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 US Metal Packaging Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 US Metal Packaging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 US Metal Packaging Market Trends |
6 US Metal Packaging Market, By Types |
6.1 US Metal Packaging Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 US Metal Packaging Market Revenues & Volume, By Material, 2021 - 2031F |
6.1.3 US Metal Packaging Market Revenues & Volume, By Steel, 2021 - 2031F |
6.1.4 US Metal Packaging Market Revenues & Volume, By Aluminum, 2021 - 2031F |
6.1.5 US Metal Packaging Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 US Metal Packaging Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 US Metal Packaging Market Revenues & Volume, By Cans, 2021 - 2031F |
6.2.3 US Metal Packaging Market Revenues & Volume, By Caps & Closures, 2021 - 2031F |
6.2.4 US Metal Packaging Market Revenues & Volume, By Drums & Barrels, 2021 - 2031F |
6.2.5 US Metal Packaging Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 US Metal Packaging Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 US Metal Packaging Market Revenues & Volume, By Food, 2021 - 2031F |
6.3.3 US Metal Packaging Market Revenues & Volume, By Beverage, 2021 - 2031F |
6.3.4 US Metal Packaging Market Revenues & Volume, By Personal Care, 2021 - 2031F |
6.3.5 US Metal Packaging Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.3.6 US Metal Packaging Market Revenues & Volume, By Others, 2021 - 2031F |
7 US Metal Packaging Market Import-Export Trade Statistics |
7.1 US Metal Packaging Market Export to Major Countries |
7.2 US Metal Packaging Market Imports from Major Countries |
8 US Metal Packaging Market Key Performance Indicators |
9 US Metal Packaging Market - Opportunity Assessment |
9.1 US Metal Packaging Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 US Metal Packaging Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 US Metal Packaging Market Opportunity Assessment, By End User, 2021 & 2031F |
10 US Metal Packaging Market - Competitive Landscape |
10.1 US Metal Packaging Market Revenue Share, By Companies, 2024 |
10.2 US Metal Packaging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |