Metal Packaging Market Size
| Study Period | 2019-2029 |
| Market Size (2024) | USD 76.90 Billion |
| Market Size (2029) | USD 92.86 Billion |
| CAGR (2024 - 2029) | 3.84 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Market Overview
The Metal Packaging Market size is estimated at USD 76.90 billion in 2024, and is expected to reach USD 92.86 billion by 2029, growing at a CAGR of 3.84% during the forecast period (2024-2029).
The metal packaging market demonstrates resilience and growth, driven by diverse factors such as increasing industrial activities, expanding food and beverage consumption, and growing environmental awareness. Industrial metal packaging, including IBCs, bulk containers, drums, and closures, witnesses steady demand from sectors like chemicals, lubricants, and agricultural products due to their durability and protective qualities.
• The aerosol can hold a substantial share in the metal packaging industry, and these containers use compressed gas to propel a product out of the can in a spray or mist form. The demand for aerosol cans in the metal packaging industry is vast, as these are used in various industries and applications, such as automotive, food, cosmetics, and pharmaceuticals.
• The aerosol cans have been growing steadily due to the increasing demand for convenience products, as they can contain products and propellants under pressure that can be dispensed as spray, mist, or foam. Standard products include insecticides, cooking sprays, solvents, and paints. The demand for aerosol cans is anticipated to witness constant growth during the projection period owing to a drastic shift in consumer preferences for easy storage and transportation.
• Additionally, the demand for aerosol cans is expected to be driven by portability, recyclability, safety and strength, and the increased aesthetic appeal of the product. The increasing consumer preference for canned drinks, the rising popularity of energy and sports drinks, and the growing demand for sustainable packaging materials drive the metal packaging market.
• However, the penetration of plastic and glass packaging is expected to hinder the growth of the studied market. The rising price of aluminum and the presence of bisphenol A lining in aluminum cans, the exposure to which causes cancer, infertility, miscarriage, and several other health issues, are also posing challenges to the market.
• The metal packaging sector is witnessing a paradigm shift fueled by the need for innovation and sustainability. Manufacturers increasingly adopt cutting-edge materials and eco-friendly practices, aligning with the global push for environmentally responsible packaging solutions.
Metal Packaging Market Trends
Beverage Cans Expected to Witness Major Growth
- Alcoholic beverages in metal cans have become increasingly popular in recent years due to various benefits and consumer preferences. Canned alcoholic beverages typically come in standard portion sizes, making it easier for consumers to monitor their alcohol intake. This is especially important for drinks with a high alcohol content.
- Aluminum is exceptionally lightweight, making it an excellent choice for packaging products that need to be easily transported, such as beverages. Lightweight packaging can also reduce transportation costs and carbon emissions.
- Growing consumption of ready-to-drink beverages encourages manufacturers to produce more beverage cans that help drive the market's growth. Recently, owing to rising health consciousness among consumers, the adoption of energy drinks increased, which further surges the production of beverage cans. Consumers have been growing awareness about the nutritional benefits of their ingredients.
- For example, Red Bull is one of the most popular energy drinks in the United States, controlling about 39.5% of the market. According to the latest information published by Red Bull, the company sold 12.10 billion cans in 2023, which was greater than the previous year's count of around 11.60 billion.
- Aluminum cans are gaining popularity owing to their exceptional technical properties and the fact that they are recyclable and thermally conductive, not to mention highly lightweight. Recently, most new beverages have come to market in cans, so customers are moving away from plastic bottles and other packaging substrates to aluminum cans owing to environmental concerns. According to world count data, The world's beer and soda consumption uses about 180 billion aluminum cans annually. This is 6,700 cans every second, enough to go around the planet every 17 hours.
Asia-Pacific is Expected to Register the Fastest Growth
- Due to the sizeable manufacturing and consumer goods sectors of the nation, China has one of the biggest markets for can and metal packaging worldwide. The food and beverage, pharmaceutical, cosmetic, and home goods industries are the main drivers of the need for metal packaging.
- China has witnessed a surge in the adoption of sustainable packaging solutions due to heightened environmental consciousness and regulatory measures. Manufacturers are looking into possibilities like can coatings that are environmentally friendly and recyclable metals. The development of recyclable materials and environmentally friendly production processes will be fueled by stricter environmental legislation and customer demand for sustainable packaging.
- India's market for can and industrial metal packaging has been steadily expanding due to a number of factors, including the country's growing urbanization, industrialization, and food and beverage sector. Due to its strength, recyclability, and barrier qualities, metal packaging, which includes cans, is extensively utilized in industries like food and beverage, pharmaceuticals, personal care, and chemicals.
- Technological and manufacturing process innovations have increased the quality, efficiency, and customizability of metal packaging solutions in the industry. With the sixth-largest economy in the world right now, India is quickly industrializing and opening up new prospects for both large and small businesses. Thanks to India's expanding economic might, the region's manufacturing and packaging sectors will have plenty of chances.
Metal Packaging Industry Overview
The metal packaging market is fragmented, consisting of significant individual players such as Ball Corporation, Crown Holdings Inc., Silgan Holdings Inc., Can-Pack SA (CANPACK Group), Ardagh Metal Packaging SA (Ardagh Group), etc. Many companies are increasing their market presence by introducing new products, expanding their operations, or entering strategic mergers and acquisitions.
- January 2024 - Ball Corporation and Del Monte Foods collaborated on their commitment to sustainability aligned with the Government of India's ambitious target of achieving net-zero emission by 2070 and reducing the carbon intensity of the economy by 45% by 2030, With support from Ball, Del Monte Foods recently transitioned from using traditional three-piece tin cans for its beverage products to adopting infinitely recyclable two-piece aluminum beverage cans.
- October 2023 - Crown Holdings Inc. completed its previously announced acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility in Saarlouis, Germany. As a result of the acquisition, Crown will acquire Helvetia's existing customer base, accompanying contracts, and 200 current employees. The addition of this facility will allow Crown to expand its European beverage can platform in Germany and add approximately one billion tonnes of annual capacity, which will help meet the growing customer demand for recyclable beverage cans.
Metal Packaging Market Leaders
Ardagh Metal Packaging SA (Ardagh Group SA)
Ball Corporation
Crown Holdings, Inc.
Can-Pack S.A.
Silgan Holdings
*Disclaimer: Major Players sorted in no particular order
Metal Packaging Market News
- December 2023 - Vinca launched a new series of organic wine ranges from Sicily in 187 ml cans from Ardagh Metal Packaging (AMP). Vinca’s wines have won awards in the United Kingdom, received listings with British Airways and Planet Organic, and are exported to more than ten countries worldwide.
- October 2023 - Ball Aluminum Cups and Denver Arts & Venues announced the installation of a Reverse Vending machine RVM in Red Rocks Amphitheatre's Top Plaza to improve aluminum recycling at the venue. The RVM aims to increase recycling rates at Red Rocks and inform consumers about the benefits of using aluminum.
Metal Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Impact of COVID-19 on the Industry and Ukraine-Russia Standoff on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 High Recyclability Rates of Metal Packaging
5.1.2 Convenience and Lower Price Offered by Canned Food
5.2 Market Restraints
5.2.1 Presence of Alternate Packaging Solutions
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Aluminium
6.1.2 Steel
6.2 By Product Type
6.2.1 Cans
6.2.1.1 Food Cans
6.2.1.2 Beverage Cans
6.2.1.3 Aerosol Cans
6.2.2 Bulk Conatiners
6.2.3 Shipping Barrels and Drums
6.2.4 Caps & Closures
6.2.5 Other Product Type (Tubes, etc.)
6.3 By End-user Industry
6.3.1 Beverage
6.3.2 Food
6.3.3 Cosmetics & Personal Care
6.3.4 Household
6.3.5 Paints & Varnishes
6.3.6 Other End-user Industries (Automotive, Industrial)
6.4 By Geography
6.4.1 North America
6.4.1.1 United States
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 United Kingdom
6.4.2.2 Germany
6.4.2.3 France
6.4.2.4 Spain
6.4.2.5 Italy
6.4.2.6 Rest of Europe
6.4.3 Asia Pacific
6.4.3.1 China
6.4.3.2 India
6.4.3.3 Japan
6.4.3.4 South Korea
6.4.3.5 Rest of Asia Pacific
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Mexico
6.4.4.3 Argentina
6.4.4.4 Rest of Latin America
6.4.5 Middle East and Africa
6.4.5.1 United Arab Emirates
6.4.5.2 Saudi Arabia
6.4.5.3 South Africa
6.4.5.4 Rest of Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Ardagh Metal Packaging S.A. (Ardagh Group)
7.1.2 Ball Corporation
7.1.3 Crown Holdings, Inc.
7.1.4 CANPACK S.A. (CANPACK Group)
7.1.5 Silgan Holdings Inc.
7.1.6 Greif, Inc.
7.1.7 TUBEX Packaging GmbH
7.1.8 Mauser Packaging Solutions
7.1.9 Nampak Limited
7.1.10 Colep Packaging (RAR Group Company)
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Metal Packaging Industry Segmentation
Metal packaging is long-lasting industrial packaging comprised mostly of two key materials: steel and aluminum. The package type has outstanding qualities like durability, flexibility, and cost-effectiveness, providing various advantages over other packaging solutions for specific industrial applications. Aluminum is a reasonably simple metal to sterilize for use in packaging. Due to its superior barrier protection and strength, it is an excellent choice for packing materials.
The metal packaging market is segmented by material type (steel, aluminum), product type (cans [food cans, beverage cans, and aerosol cans], bulk containers, shipping barrels and drums, caps & closures), end-user industry (beverage, food, cosmetic & personal care, household, paints, and varnishes), and geography (North America (United States and Canada), Europe (United Kingdom, Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, and Rest of Middle East and Africa)). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Material Type | |
| Aluminium | |
| Steel |
| By Product Type | |||||
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| Bulk Conatiners | |||||
| Shipping Barrels and Drums | |||||
| Caps & Closures | |||||
| Other Product Type (Tubes, etc.) |
| By End-user Industry | |
| Beverage | |
| Food | |
| Cosmetics & Personal Care | |
| Household | |
| Paints & Varnishes | |
| Other End-user Industries (Automotive, Industrial) |
| By Geography | ||||||||
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Metal Packaging Market Research FAQs
How big is the Metal Packaging Market?
The Metal Packaging Market size is expected to reach USD 76.90 billion in 2024 and grow at a CAGR of 3.84% to reach USD 92.86 billion by 2029.
What is the current Metal Packaging Market size?
In 2024, the Metal Packaging Market size is expected to reach USD 76.90 billion.
Who are the key players in Metal Packaging Market?
Ardagh Metal Packaging SA (Ardagh Group SA), Ball Corporation, Crown Holdings, Inc., Can-Pack S.A. and Silgan Holdings are the major companies operating in the Metal Packaging Market.
Which is the fastest growing region in Metal Packaging Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Metal Packaging Market?
In 2024, the Asia Pacific accounts for the largest market share in Metal Packaging Market.
What years does this Metal Packaging Market cover, and what was the market size in 2023?
In 2023, the Metal Packaging Market size was estimated at USD 73.95 billion. The report covers the Metal Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Metal Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Metal Packaging Industry Report
Statistics for the 2024 Metal Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Metal Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
