Market Analysis and Forecast of U.S. Tin Can Metal Packaging Industry in 2021

Abstract: As the epidemic is brought under control, the US economy will continue to grow, and the demand for tinplate cans continues to expand, providing a vast market for the development of the US tin can metal industry. At present, the United States has become an important international demand for tin can metal packaging. 

The United States is the most important part of the world economy. The growth rate of its economic index will have a huge impact on the stability and development of the global economy. For this reason, studying and analyzing the US tin can metal packaging industry market is an effective way for us to understand the situation of the world packaging industry. means. With the epidemic under control, the US economy will continue to grow and the demand for metal packaging will continue to expand, providing a vast market for the development of the US tin can metal industry. At present, the United States has become an important international demand country for tin can metal packaging. Since 2013, the production and consumption of tin cans in the United States has been ranked first in the world.

The development status of the tin can metal packaging industry in the United States in 2020

1. The loss of enterprises in the tin can metal packaging industry has expanded

  The continued impact of the epidemic on the economy has forced tin can metal packaging companies to reduce production, and many tin can metal packaging companies have suffered losses. According to data from the United States Department of Commerce: In 2020, there were 6,640 tin can metal packaging companies, and 1,245 were losing money, a year-on-year increase of 17%. At the same time, the output of tinplate decreased, a year-on-year decrease of 19.5%.

2. The business volume of tin can metal packaging industry declined

  According to the monitoring data of the United States Department of Commerce, the operating income of tin can metal packaging companies in the United States continued to decline in 2020, with operating income of US$313.27 billion, a year-on-year decrease of 2.3%. Although many tin can metal packaging companies went bankrupt due to environmental protection, the concentration of tin can metal packaging companies has increased. It is expected that future business revenue will grow after the epidemic ends, which will drive the entire industry's main business revenue to climb.

3. The total profit of tin can metal packaging industry has increased

In 2020, the profit of tin can metal packaging enterprises in the United States has increased compared with 2019. The total profit of tin can metal packaging enterprises has dropped from 67.19 billion in 2019 to 83.63 billion in 2020, an increase of 21.2%.

Fourth, the profitability of the tin can metal packaging industry has increased

In the past three years, the profitability of the tin can metal packaging industry has shown an increasing trend. The gross profit margin in 2020 is 17%, and the sales profit margin has increased from 4.9% in 2018 to 6.5% in 2020.

Expected growth trend of U.S. tin can metal packaging industry in 2021

1. Tin cans and metal packaging products are in line with policy-based green consumption trends

  Low-carbon and environmentally friendly economy is a major development trend in the future. From the input of raw materials, the design and manufacture of packaging products, and the recycling of the environmentally friendly tin can metal packaging, every link will be more energy-saving, efficient, and harmless, in line with the goals of energy saving and emission reduction. As a "green packaging", tinplate can packaging has the characteristics of high recovery rate, recycling, and easy degradation. Its production and application are also currently relatively environmentally friendly development methods.

2. Industrial tin cans and metal packaging have great market development potential

  In the past three years, the entire U.S. economy has developed steadily and rapidly; most industries in the economy have achieved steady growth, including the packaging industry, manufacturing, medicine, daily consumption, food and beverage and other industries, including the rapid development of many industries; this It has played a huge driving role for the rapid growth of tin cans and metal packaging industry, and has brought a broad market space for the healthy development of tinplate can packaging products.