Metal Can & Container Manufacturing in the US
Demand from these downstream markets has been weak, causing Metal Can and Container Manufacturing industry revenue to decline over the five years to 2018. Industry performance is dependent on consumers' ability to purchase canned goods. During the five-year period, per capita disposable income has been increasing and is expected to continue to do so over the five years to 2023. As consumers have more discretionary income, they may begin to purchase canned food in larger quantities, strengthening industry revenue. During the five-year period, average industry profit declined due to rising costs, weak demand and external competition. Companies with prolonged periods of declining sales have exited the industry while major operators have increased acquisition activity. Moving forward, industry growth is projected to be inhibited by declining soda consumption levels and the depreciation of the US dollar.
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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