Metal Packaging Market

Metal Packaging Market size was estimated around USD 126.4 billion in 2021 and is projected to reach USD 167.7 billion in 2029, growing at a CAGR of 3.6% over the forecast period 2022-2029 driven by rising demand for food & beverage packaging worldwide.

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Key Drivers

Metal Packaging Market is primarily driven by increasing consumption of canned food products, especially in urban areas and rising awareness amongst consumers about the usage of non-carcinogenic materials in packaging. Over the years metal packaging has gained popularity in canned food products, as per our estimate, the Global Canned Food Market was valued around USD 110 billion in 2020 and the market is growing at steady rate, creating demand for metal packaging solutions in upcoming years, thus driving the Metal Packaging Market size. Metal Food Packaging is gaining popularity due to its structural integrity, excellent preservative features, and ability to increase the shelf-life of product, which are expected to create growth opportunities for the Metal Packaging Market. In addition, technological advancements have increased the functional and storage capacity of metal cans coupled with innovative products launched by Metal Packaging Companies, are further fuelling the market growth. Ball Corporation introduced a new impact extruded aluminum bottle line, which is available in different shapes and sizes, offers circular solution to plastic pollution and is recyclable. Moreover, rising middle-income population, increasing alcohol consumption around the world and growing environmental concerns pertaining to the use of plastic materials, are some of the additional factors supplementing market growth.

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Based on Product, Metal Cans Packaging segment is projected to dominate the market attributed to its high-recyclability feature.

Metal cans are increasingly used in the packaging of fast-moving consumer goods such as food, soda can and room spray etc., which is driving the segment’s growth. In addition, user trends, such as a predilection for small-size and multi-pack packaging formats, is further pushing the segment’s growth. For instance, in 2019, Jiaduobao, one of the leading Chinese producers of canned herbal tea, launched its drink in sleek cans., to attract more health-conscious customers.

Based on Vertical, Food and Beverage segment is estimated to hold the highest market share. 

Metal Food Packaging is gaining traction in the food and beverage industry because it is more effective in protecting food as compared to other packaging alternatives, coupled with aggressive strategies adopted by Metal Packaging Manufacturers such as new product launches in food and beverage sector, are further contributing to the segment’ growth.

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Currently North American region is dominating the Metal Packaging Market owing to increasing consumption of processed food items such as canned soup and vegetables.

Metal packaging is gaining popularity in North American region owing to increasing consumption of canned products, strict regulations and standards set by governments and high per capita income of consumers. According to the Beer Institute, American brewers fill and sell about 36 billion aluminium cans and bottles per year, these cans constitute 62% of the beer volume made and sold in the United States.

Asia-Pacific is projected to expand at a faster CAGR due to growing demand for mini cans, rising middle-income population, rapid increase in steel crude production and changing lifestyle of consumers. As per Worldsteel Association’s report, China has emerged out as the biggest producer of steel, its crude steel production has increased by 5.2% in 2020 as compared to 2019, resulting in output of 1,053 million Tonnes, which is expected to accelerate the market growth in Asia-Pacific region. European Metal Packaging Market is projected to grow at a moderate rate over the forecast period attributed to increasing use of metal cans in alcoholic and non-alcoholic beverages, rising population growth rates and growing demand for lightweight packaging solutions.

Top Market Players

The major Metal Packaging Companies operating in the market are Ball Corporation, Crown Holdings Inc., Can-Pack SA, Silgan Holdings Incorporated, Tubex GmbH, Greif Incorporated, Mauser Packaging Solutions, Ardagh Group, DS Containers Inc, and CCL Container Inc., among others.

Key Developments:

• • In August 2022, Mauser Packaging Solutions planned to expand its production capacities for its Infinity Series of products and the company invested in a new multi-layer plastic drum machine, which will further support the use of recycled resin in its Infinity Series’ plastic drum product portfolio.
  • In 2021, Ball Corporation announced to build new aluminum beverage packaging plants in Western Russia and the East Midlands, UK., to offer more sustainable purchasing options to consumers. The plant is expected to start operations in 2023, each facility will produce billions of cans in different formats and sizes.
  • In 2021, Crown Holdings (CCK) announced to open a New Beverage Can Plant in Nevada, to expand its footprint in the North American market. This two-line plant will supply standard and speciality beverage can, serving different categories such as carbonated soft drinks, sparkling water, and energy drinks. This plant is expected to start operations in the second quarter of 2023.
  • In 2021, Easytech Closures S.p.A was acquired by Silgan Holdings. This acquisition will allow both the companies to use existing capacity for metal ends more efficiently and accelerate completion of an on-going cost reduction programme.
  • In 2020, Ball Corporation, entered into a purchase agreement to acquire Tubex Industria E Comercio de Embalagens Ltda, a Brazil based-aluminium aerosol packaging business. As a part of the agreement, the plant will become Ball’s aluminum aerosol packaging division, which will help the company to expand its presence in Europe, North America, and Asia.

Segments covered in the Report:

The global metal packaging market has been segmented on the basis of material type, product type, vertical, and regions. Based on material type, the market is segmented into aluminium and steel. Based on product type, the market is segmented into Cans, bulk containers, shipping barrels and drums, caps and closures, others. Based on vertical, the market is segmented into food & beverage, industrial, cosmetic and personal care, paints and varnishes, automotive, household, and others. 

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Key questions answered in this research report:

• • At what pace is global metal packaging market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in metal packaging market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global metal packaging market?
  • Which material type generated maximum revenues in 2021 and identify the most promising material type during the forecast period?
  • What are the various product type areas of global metal packaging market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Metal Packaging Market by Material Type

• • Aluminium
  • Steel

Global Metal Packaging Market by Product Type

• • Cans
  • Bulk Containers
  • Shipping Barrels and Drums
  • Caps and Closures
  • Others

Global Metal Packaging Market by Vertical

• • Food and Beverage
  • Industrial
  • Cosmetic and Personal Care
  • Paints and Varnishes
  • Automotive
  • Household
  • Others

Global Metal Packaging Market by Region

• • North America Metal Packaging Market (Option 1: As a part of the free 25% customization)
    • By Material Type
    • By Product Type
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Metal Packaging Market (Option 2: As a part of the free 25% customization)
    • By Material Type
    • By Product Type
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Metal Packaging Market (Option 3: As a part of the free 25% customization)
    • By Material Type
    • By Product Type
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Metal Packaging Market (Option 4: As a part of the free 25% customization)
    • By Material Type
    • By Product Type
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Metal Packaging (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Ball Corporation
  • Crown Holdings Inc.
  • Can-Pack SA
  • Silgan Holdings Incorporated
  • Tubex GmbH
  • Greif Incorporated
  • Mauser Packaging Solutions
  • Ardagh Group
  • DS Containers Inc
  • CCL Container Inc.