Aug 11, 2021   SOURCE: BusinessWire

United States Aluminum Beverage Cans Market Report 2021-2026 Featuring Major Players - Ball Corporation, Ardagh Group, and Crown Holdings - ResearchAndMarkets.com

The "United States Aluminum Beverage Cans Market - Growth, Trends, COVID-19 Impact, Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The United States Aluminum Beverage Cans Market is expected to reach a CAGR of 3% during the forecast period (2021 - 2026)

With the outbreak of COVID-19 pandemic, the aluminum beverage cans in the US region is expected to witness negative growth. Also, the aluminum can manufacturers have been flooded with a pool of issues.

Some of the effects of lockdown include lack of availability of raw materials used in the manufacturing process, supply chain disruptions, fluctuating prices, labor shortages that could cause shipping problems, production of the final product to inflate and go beyond budget, etc. According to the United States Geological Survey, the primary production of aluminum in the United States slumped to some 1 million metric ton in 2020, owing to the pandemic.

Moreover, domestic aluminum producers, including rolling mills and billet re-melters, saw a notable drop in demand, and in response, halted production intermittently or had been running at reduced capacity, in some cases as little as 30%-40%, or a combination of both, according to S&P Global. Thus, it has affected the aluminum cans market in the region.

Aluminum cans are used in the beverage industry due to the ease of disposal and their recycling advantages. Also, aluminum cans increases the shelf life of the product. Carbonated soft drinks, energy drinks, and alcoholic beverages are among the major end-user segments for the use of aluminum beverage cans.

In the North American region including United States, metal cans made up of steel and aluminum are mostly preferred. These materials have significant properties, such as being softer and lightweight, due to which the manufacturers are able to save costs associated with logistics.

Also, owing to the increasing consumption of both alcoholic and non-alcoholic beverages, such as beer and carbonated drinks, in the region, there is significant demand for aluminum cans in the region. According to the Alcohol and Tobacco Tax and Trade Bureau, in 2020, the volume of beer produced in the United States was 179.95 million barrels. Also, according to the Beer Institute 2020 Report, America's brewers use 36 billion aluminum cans every year.

Competitive Landscape

The aluminum beverage cans market in the United States is moderately fragmented, due to the presence of few major market incumbents, such as Ball Corporation, Ardagh Group, and Crown Holdings Inc. among others.

Sustainable competitive advantage is expected to be gained through innovation in design, technology, and application. The level of market penetration for aluminum beverage cans increased over the past decade, aided by the increasing demand from the food and beverage in the region.

Furthermore, the market incumbents are adopting moderate competitive strategies, such as partnerships, along with the emphasis on R&D and innovative activities. The firm concentration ratio is expected to be considerably low over the forecast period, as most of the players are established in the market.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Growing demand from the Non-Alcoholic Beverage sector

4.2.2 High Recyclability Rates of Metal Packaging

4.3 Market Challenges

4.3.1 Growing demand for substitutes

4.4 Supply Chain Analysis

4.5 Industry Attractiveness - Porter's Five Forces Analysis

4.6 Impact of COVID-19 on the Aluminum Cans Industry in the US

4.7 Industry Standards & Regulations on Recycling of Metal Cans

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 2-Piece

5.1.2 3-Piece

5.2 By Application

5.2.1 Carbonated Soft Drinks

5.2.2 Beer

5.2.3 Water

5.2.4 Energy Drinks

5.2.5 Other Type of Beverages (Wine, Spirits, Flavored, Alcoholic Beverages, Juices, Dairy Based Beverages)

6 COMPETITIVE INTELLIGENCE

6.1 Company Profiles

6.1.1 Ball Corporation

6.1.2 Ardagh Group

6.1.3 Crown Holdings Inc.

6.1.4 Silgan Holdings

6.1.5 Metal Container Corporation

6.1.6 Envases Group

7 MARKET OUTLOOK

For more information about this report visit https://www.researchandmarkets.com/r/5wkvvh