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

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

  • September 2020
  • 54 pages
  • ID: 198759
  • Format: PDF
  • Ibisworld

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Can it: A depreciating US dollar is anticipated to boost demand for industry exports

Abstract

Metal Can & Container Manufacturing in the US
The Metal Can and Container Manufacturing industry primarily produces aluminum cans for use in the food and beverage sector. Industry operators mainly supply to downstream soft drinks and breweries manufacturers that use aluminum cans in their production process. Moreover, canned foods and processed foods manufacturers also buy from industry operators. However, declining canned fruit production and stagnant soft drink consumption has hindered demand for industry products over the five years to 2019. Strengthened downstream consumer spending has boosted demand for alcohol drinks over the past five years. As consumers are willing to spend more, they will likely spend more on discretionary goods such as beers, wines and spirits. As a result, breweries manufacturers will produce more to capture such positive trends. However, industry products endure a high degree of competition from substitutable packaging and container products such as plastics and glass. Over the five years to 2024, declining soft drink consumption is expected to hurt industry 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.

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.

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