Metal Packaging Market Size, Share, And Growth Report 2032

Metal Packaging Market Size

According to Zion Market Research, the global Metal Packaging Market was worth USD 119.05 Billion in 2023. The market is forecast to reach USD 159.45 Billion by 2032, growing at a compound annual growth rate (CAGR) of 3.3% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Metal Packaging Market industry over the next decade.

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Metal Packaging Market: Overview     

Metal packaging refers to containers made from metals like aluminum, steel, or tinplate used to store and protect products. Commonly used for food, beverages, cosmetics, and industrial goods, it offers durability, recyclability, and resistance to light, moisture, and contamination.

Packaging is referred as a process of wrapping or boxing of various products and items in paperboard boxes, bubble wraps, containers, paperboard boxes, or other storage units. Using metal material for packaging is referred as metal packaging. The metal packaging gives brands a competitive edge and provides smart packaging that attracts consumers. A multitude of printing designs, shapes and sizes can be manufactured to individual customer requirements.

Metal packaging market is primarily driven by increasing demand for food and beverages market and rising standard of living. Increasing packaged food demand and rising urbanization have also been driving the growth of metal packaging market. However, volatility in raw material prices and shifting preference towards plastic and flexible packaging are expected to curb the growth of metal packaging market in the coming years. Furthermore, e-commerce market and research & development in metal packaging manufacturing, materials, and design are likely to set new wings to the market of the metal packaging during the coming years.

The global rise in lifestyle and on-the-go income has enhanced the demand for canned beverages and food. Seasonal foods are served throughout the year thanks to canned foods. Almost half the harvested food is wasted within the world which may make available to customers throughout the year. The metal packaging market is primarily driven by the rising standards of living and increasing demand for the food and beverages market within the forecast period.

Moreover, rising urbanization and increasing packaged food consumption also are driving the expansion of the metal packaging market within the years to return. However, shifting preference toward plastic and versatile packaging and volatility in staple prices are expected to hinder the expansion of the metal packaging market in the years to return. Nonetheless, the e-commerce market and development and research in metal packaging manufacturing, materials, and style are likely to line the new opportunity in the market of metal packaging during the forecast period.

COVID-19 Impact Analysis  

The COVID-19 outbreak has harmed the metal packaging market segment because the demand for metal packaging is linked to the GDP trend and therefore the level of production activity. Thus, the steep decline associated with COVID-19 lockdowns is leading to a decrease in the demand for packaging. However,  some segments, like the packaging for the pharmaceutical and food industries, still witness strong demand.  An increase in demand for corrugated packaging for grocery and e-commerce deliveries is additionally counterbalancing the demand lost in other segments. Several industries, like food & beverages, healthcare care, and chemical, are expected to witness a fast rebound in demand. The buyer purchasing power is predicted to remain low as businesses emerge only weakly from the pandemic crisis, and therefore the level of employment may suffer significantly.

Metal Packaging Market: Growth Factors

Metal packaging plays a key role in food preservation. This type of packaging plays important role in such a neighborhood of the planet where very low or no refrigeration is used for storing food. Metal packaging is employed to guard against any external influence on the foodstuff during storage and warmth treatment and as a sales and knowledge pack. Metal cans are used for several food contact applications, like coffee pots, and also as packaging and saucepans. Generally, aluminum and steel are largely utilized in metal packaging.

Metal Packaging Market: Segmentation

Type Segment Analysis Preview  

The Metal Packaging market is segmented into types, applications, and regions. Based on types, the metal packaging market is segmented into cans, barrels & drums, caps & closures, and others. Amongst all kinds of packaging materials, metal cans possess about 10% market share in 2017. Can have the most important market share of the metal packaging market and it's anticipated to be the market leader within the year's return. The Cans have dominated the market in 2016 and it's expected to be dominating over the forecast period.

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Application Segment Analysis Preview  

Based on applications, the metal packaging market is segmented into beverages, food, care, healthcare, and other applications. The beverages segment accounted for around 30% market share in 2018 and it's anticipated to grow at a CAGR of 4% within the coming years. Rise in packaged food sales, increasing urbanization, increasing demand for aerosol products, increasing consumption of canned vegetables and foods, and rising demand for metal packaging within the alcohol industry. The personal care and cosmetics industry is expected to reinforce the expansion of the metal packaging market.

Metal Packaging Market: Report Scope

Metal Packaging Market: Regional Analysis Preview

Geographically, North America has been leading the worldwide Metal Packaging Market market and is anticipated to continue on the dominant position within the years to return. Asia Pacific market is the fastest-growing region and it's anticipated to be the fastest-growing region in coming years, due to the emerging economies like China and India, income, and rising lifestyle of individuals within the region. Europe accounted for around 32% share of the worldwide market.

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Metal Packaging Market: Key Players & Competitive Landscape

Some of the key players in the market are:

• Crown Holdings
• Amcor of Limited
• CPMC
• Ardagh Group
• Bericap Group
• Emballator Metal Group
• Fujian Fuzhen Metal Packaging Co. Ltd.
• Alcoa Incorporated
• Rexam Plc
• Manaksia Group
• Shetron Group
• Silgan Holdings
• Jamestrong Packaging
• Ton Yi Industrial
• Grief Incorporated
• GM Metal Packaging Ltd.

The global Metal Packaging Market is segmented as follows:

By Type

• Cans
• Barrels & Drums
• Caps & Closures
• Others

By Application

• Beverages
• Food
• Personal Care
• Healthcare
• Others 

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa