American market
The metal packaging market in United States
Metal packagings refer to steel and aluminium packagings, such as cans or tins, which preserve foods, hygiene products, beverages, etc.
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Metal packagings refer to steel and aluminium packagings, such as cans or tins, which preserve foods, hygiene products, beverages, etc.
The metal packaging market is divided into several players: mineral and petrochemical producers (bauxite, soda, carbon), suppliers (steel, aluminium), packaging producers, end users (industry, trade, transport-storage). In this study we cover the latter three categories.
The global metal packaging industry is expanding in size and sales, amid the attractive features of metals in terms of durability, space efficiency, preservation, and recyclage. Nevertheless, metal packaging holds a fairly small share in overall packaging (12.2%), which implies that the material has great potential for expansion going forward. [all4pack] This development is most likely going to come from developing economies and Asia, where India for example is looking to increase usage of aluminium cans from 5% to some 25% in 2030.
North America is the world's largest metal packaging market. In particular, the United States, which makes up the largest share of North America's turnover, holds a significant share (around 13% in 2018). The nation came under pressure when President Donal Trump in 2018 imposed tariffs on steel and aluminium, which increased the price worldwide, and impacted local players. However, the price increase seemed to have been temporary and price levels are back to normal.
The domestic market is one with great prospect provided by high company valuations of firms such as Ball and Crown. The two players are market leaders on the global stage, and supply nations and consumers worldwide. Moreover, M&S industry in the packaging industry has declined in 2020 amid COVID-19, but the US still boasts the highest deal flows in the world. In 2019 there were 75 deals (worth around US$2.13 billion).
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Food, retail and consumer goods
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