Market Size of Metal Packaging Industry
| 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.
