The dominates the global United States drink cans market with around 15.7% share. Drink can sales across the USA are set to rise at a significant pace through 2033. The United States drink cans market size reached US$ 8,496.6 million in 2022.
Rising consumption of beverages, especially alcoholic ones, is driving demand for drink cans in the USA. The global drink cans market will expand at a CAGR of 7.7% from 2023 to 2033. It is set to reach US$ 56,891.1 million in 2023. By the end of 2033, the global market will cross a valuation of US$ 119,208.6 million.
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The United States is the leading market for metal beverage cans, with the utmost per capita consumption of cans in the world. Demand is driven by increased consumption of soft drinks and beer. These beverages are being served in metal cans such as aluminum.
Increased recycling of used beverage cans will boost the USA market. Rising demand for optimal utilization of natural resources has prompted companies to reuse metals in the United States.
Metal recycling is heavily supported by government agencies such as the United States government, which mandate the replacement of used cans. Besides, the metal recycling market is likewise expected to benefit from municipal recycling programs launched in the United States.
According to the International Aluminum Association, the United States today collects double the amount of aluminum for recycling than it did in 1980s. The global average recycling rate for aluminum cans is around 60%. But in the United States, the recycling rate exceeds around 90%. This will positively influence drink can sales across the USA.
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Key Takeaways from the Drinks Can Market
· The global drink cans market is set to reach US$ 56,891.1 million in 2023.
· The United States market for drink cans reached US$ 8,496.6 million in 2022.
· Currently, the United States holds around 15.7% share of the global market.
· High consumption of alcoholic beverages and rising demand for safe packaging will boost the USA market
“Rising demand for durable and safe packaging solutions will boost drink can sales in the USA. Besides this, implementation of stringent food safety regulations will bode well for market.” says an FMI Analyst.
Competition Landscape in the Drinks Can Market
Key companies are introducing novel products with eco-friendly and sustainable features. Acquisitions, collaborations, and partnerships are other strategies employed by manufacturers.
Prominent players active in the United States drinks can market are Novelis Inc., Ball Corp., Crown Holdings Inc., and Silgan Holdings Inc.
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Recent Developments
· In January 2023, the RYL Company launched a ready-to-drink tea to promote ‘Lil Polyphenol Technology’. This is a unique formula and method that consistently delivers 200 mg of tea polyphenols in each can.
· In February 2023, FC Dallas announced a multi-year partnership. This makes Coca-Cola the Official Soda and Bottled Water Partner of FC Dallas, FC Dallas Academy, North Texas SC, and FC Dallas Youth.
Drink Cans Market by Category
By Capacity:
- Up to 200 ml
- 201 to 450 ml
- 451 to 700 ml
- 701 to 1000 ml
- More than 1000 ml
By Product Type:
- 1–Piece Cans
- 2–Piece Cans
- 3–Piece Cans
By Content:
- Alcoholic Beverages
o Beer
o Wine
o Spirits
o Other Alcoholic Beverages (Cider, etc.)
- Non-Alcoholic Beverages
o Carbonated Drinks
o Tea & Coffee
o Juices
o Soft drinks
o Dairy Drinks
o Soda
o Other Beverages (Energy & Sports drinks, Electrolytes, etc.)
By Region:
- North America
- Latin America
- Europe
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