Thailand Metal Packaging Market Analysis by Mordor Intelligence
The Thailand metal packaging market size stands at USD 1.84 billion in 2025 and is forecast to reach USD 2.21 billion by 2030, registering a 3.73% CAGR. Robust demand from beverage fillers, food processors, and export-oriented pet-food manufacturers underpins this trajectory, while supportive trade pacts keep converter utilization rates high. Aluminum’s dominance reinforces the premium positioning sought by brand owners, and continuous debottlenecking by can-stock mills has protected supply security despite raw-material inflation. Government sustainability mandates and preferential scrap-handling rules further tilt specifications toward circular-ready metal formats. Thailand’s established freight corridors into ASEAN and the Middle East shorten lead times, allowing local fillers to balance domestic volumes with lucrative export runs and thereby insulate the market from periodic softness in private consumption.
Key Report Takeaways
- By material type, aluminum led with 74.56% of the Thailand metal packaging market share in 2024; the segment is projected to advance at a 4.41% CAGR through 2030.
- By product type, cans accounted for 58.93% of the Thailand metal packaging market size in 2024 and are forecast to grow at a 4.36% CAGR to 2030.
- By end-user vertical, beverages captured 42.35% revenue share in 2024, while food packaging is poised for the fastest 4.29% CAGR through 2030.
Thailand Metal Packaging Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Premiumisation of ready-to-drink beverages | +0.80% | Bangkok and Central provinces | Medium term (2-4 years) |
| Growth of Thailand’s pet-food export hub | +0.60% | Eastern Economic Corridor | Long term (≥ 4 years) |
| Expansion of halal-certified canned seafood | +0.50% | Southern and Central processing zones | Medium term (2-4 years) |
| Government push for circular-economy aluminium | +0.40% | Nationwide, priority in EEC | Long term (≥ 4 years) |
| Rapid scale-up of e-commerce grocery formats | +0.70% | Primary and secondary cities | Short term (≤ 2 years) |
| Brewery shift to sleek and slim can formats | +0.30% | Central brewery hubs | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Premiumisation of Ready-to-Drink Beverages
Thailand’s beverage fillers sold 13.02 billion liters worth USD 25.32 billion in 2023, locking in higher value-per-liter price points that rely on aluminum cans for barrier integrity and upscale shelf appea. Health-centric formulas and functional additives are growing 3.5-4.5% annually, and the sleek can profile has become a visual shorthand for premium performance drinks. Major brewers and energy-drink brands schedule frequent limited-edition runs, driving specification turnover that favors agile local converters. Export sales of non-alcoholic drinks delivered USD 2.78 billion in 2023, reinforcing volume certainty for can-body lines that can switch between domestic and regional SKUs overnight. Crown Holdings posted 4% global beverage-can growth in 2024 with Asia Pacific outpacing all other regions, a data point that validates persistent demand from Thai fillers.
Growth of Thailand’s Pet-food Export Hub
Thailand shipped USD 26.5 billion in processed foods in 2023, with pet food singled out by regulators as a next-wave export champion requiring hermetically sealed metal formats. [1]USDA Foreign Agricultural Service, “Exporter Guide Annual: Thailand,” usda.gov Leading co-packers have installed retort lines optimized for tuna-based diets, and their procurement policies specify drawn-and-redrawn cans that withstand multi-week sea freight. Eastern Economic Corridor tax incentives continue to attract new extruded-kibble producers, ensuring sticky long-term offtake for local can-stock suppliers. Regional pet ownership is climbing fastest in Vietnam, Malaysia, and the Philippines, and import agencies in those markets cite metal’s oxygen resistance as critical to nutrient preservation. As unit volumes swell, Thai converters gain purchasing leverage on coil feedstock, partially offsetting global aluminum price firming.
Expansion of Halal-certified Canned Seafood
Halal-certified packers source mackerel, sardine, and shrimp from dual-coast fisheries, then process under Islamic law to serve Indonesia, Malaysia, and Gulf Cooperation Council retail chains. Certification bodies require tamper-evident closures and contamination-proof linings that favor metal over flexible pouches. Southern canneries integrate in-house seaming and vacuum-testing, creating turnkey demand for new neck-down formats targeted at small-family households. National Halal Committee grants and expedited customs clearance encourage more SMEs to enter, widening the customer base for specialty can suppliers. With Muslim global seafood consumption rising, halal volume commitments provide Thai mills predictable runs that smooth seasonal variability in beverage demand.
Government Push for Circular-economy Aluminium
The National Plastic Waste Management Roadmap embeds Extended Producer Responsibility, awarding fee reductions to packages that hit ≥ 70% post-consumer recovery-an easy threshold for beverage cans that already achieve 78% informal-sector pickup rates. The Draft Sustainable Packaging Act under consultative review channels recycling levies into a central fund earmarked for curbside material-recovery pilots. Aluminum’s infinite recyclability and high scrap value make it a headline beneficiary, prompting fillers to shift SKUs from glass and PET into metal. Provincial grant programs inside the Eastern Economic Corridor subsidize bodymaker upgrades that cut energy per thousand cans by 11%, further improving circularity metrics that brand owners showcase in ESG reports. The momentum cements aluminum as the default for premium beverages and many ambient-stable foods across the Thailand metal packaging market.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rising price volatility of rolled steel coil | -0.90% | Nationwide | Short term (≤ 2 years) |
| Substitution by bio-polymer pouches in sauces | -0.40% | Food-processing clusters | Medium term (2-4 years) |
| Slow uptake of recycling infrastructure outside EEC | -0.30% | Secondary cities and rural areas | Long term (≥ 4 years) |
| Stringent VOC emission norms for aerosol plants | -0.50% | Industrial zones | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Rising Price Volatility of Rolled Steel Coil
Benchmark HRC prices track construction demand swings and geopolitical energy shocks, pushing coil quotes beyond converters’ cost-plus contracts on short notice. Steel-can makers carry thicker inventories or buy futures, tying up working capital that could otherwise fund efficiency retrofits. When spikes overlap with fixed-price tenders to tuna or paint fillers, margin compression hits fastest on domestically owned plants that lack global purchasing scale. Aluminum price curves have shown steadier climbs, nudging some food packers into metal substitution. Unless upstream mills stabilize supply with longer-term index deals, Thailand’s steel-can capacity risks attrition as converters rationalize older coating lines.
Substitution by Bio-polymer Pouches in Sauces
Local condiment brands increasingly pilot mono-material pouches marketed as “easy-tear and lighter to carry,” eroding share in small-format tomato and chili sauces where steel cans once dominated. [2]Thai FDA, “Update of Food Contact Packaging Regulation,” fda.go.th
Import duties on bio-based resins have been cut since 2024, narrowing cost differentials versus tinplate. Retailers favor stand-up pouches for shelf density, and quick-service chains appreciate portion control. While metal still owns high-heat processing niches, headspace-reduced pouches now pass ambient shelf-life tests, accelerating trial rates. The threat intensifies as certification schemes validate chemical-recycling loops that bolster the pouches’ green credentials.
Segment Analysis
By Material Type: Aluminum Drives Sustainability Transition
Aluminum captured a commanding 74.56% of the Thailand metal packaging market share in 2024, and its 4.41% forecast CAGR ensures the substrate will widen its lead through 2030. UACJ’s 320,000-ton mill supplies light-gauge coil that Crown, Ball, and Thai Beverage Can draw into bodies consumed by breweries and energy-drink brands. Aluminum’s infinite recyclability resonates with circular-economy levies, and scrap yields north of 90% lower life-cycle emissions in life-cycle assessments.
Thailand metal packaging market buyers give aluminum premium preference on export-grade pet food and halal seafood lines where dent resistance, salty-brine compatibility, and regulatory traceability are paramount. Steel retains relevance on commodity paints, lubricants, and budget condensed-milk lines where price sensitivity overrides sustainability messaging. Still, national EPR fees are expected to rise from 2026, gradually tipping cost-of-ownership math toward aluminum even in value categories. The substrate’s consolidated supply chain allows converters to hedge raw-material risk through long-term offtake deals, keeping capacity-addition economics attractive despite global price firming.
By Product Type: Cans Dominate Premium Positioning
Cans represented 58.93% of Thailand metal packaging market size in 2024 and will grow 4.36% annually through 2030, cementing their role as the workhorse container for drinks and ambient-stable foods. Sleek and slim can adoption by brewers and energy-drink players boosts brand differentiation, and lightweighting lowers logistics costs without sacrificing strength.
Food can demand climbs in tandem with Thailand’s aspiration to rank within the global top-10 processed-food exporters by 2027, prompting fillers of coconut milk, curry paste, and canned pineapple to lock in long-haul shelf life via double-seam ends. Aerosol cans face compliance investment linked to volatile organic-compound capture, while drums, pails, and closures track slower industrial sectors. Academic trials on shape memory aluminum suggest future opportunities for resealable ends, further entrenching can technology as the innovation focal point in the Thailand metal packaging market.
Note: Segment shares of all individual segments available upon report purchase
By End-user Vertical: Food Segment Emerges as Growth Leader
Beverages accounted for 42.35% of revenue in 2024, but the food vertical is set to deliver a 4.29% CAGR, the highest within the Thailand metal packaging market. Export-oriented pet-food recipes and halal seafood SKUs require high-barrier cans that withstand retorting and multiple transshipments.
Domestic convenience trends support ready meals and condensed milk in two-piece cans, and e-grocery baskets feature long-shelf products that avoid cold-chain costs. Paints, chemicals, and automotive oils maintain predictable baseline volumes, yet margin pools here depend heavily on coil cost movements. The mix shift into food enhances aluminum utilization since protein-rich fillings risk sulfur corrosion in steel unless costly epoxy liners are applied.
Segment Analysis: By Product Type
Central Thailand hosts the largest converter cluster, leveraging Bangkok’s consumer density and proximity to Laem Chabang port for export dispatch. Eastern Economic Corridor capacity is the fastest growing, buoyed by tax holidays, deep-sea terminals, and rail upgrades that cut inland freight by 12%. [3]World Bank Group, “Market Study for Thailand: Plastics Circularity,” worldbank.org
Northern provinces supply agro-processors packing sweet corn, pineapple, and mixed fruit into cans destined for Japan and the United States. Southern coastal plants handle halal-certified seafood, while proximity to fishing docks minimizes spoilage and keeps steel subsidies viable. secondary cities lag on recovery logistics; only 17.6% national recycling performance stems from these gaps, curbing post-consumer scrap returns.
Infrastructure projects scheduled to complete by 2027 will extend material-recovery zones beyond the EEC, giving converters wider scrap pools and reinforcing circular-economy targets. Until then, supply-demand balancing remains more efficient in Central and Eastern hubs where mill, converter, and filler co-location trims inventory days-on-hand across the Thailand metal packaging market.
Competitive Landscape
The Thailand metal packaging industry hosts global leaders-Crown, Ball, and CANPACK-alongside entrenched domestic firms ALUCON, Bangkok Can Manufacturing, and Thai Beverage Can. Crown’s Asia Pacific arm posted USD 308 million Q4 2024 sales, reflecting high line-time at its Bang Pakong plant that turns out both standard and slim cans. Ball’s divestment of aerospace units freed capital for three new D&I lines scheduled for commercial run in 2026, targeting energy-drink and isotonic niches.
Local champions thrive on freight savings and customer intimacy; ALUCON’s network of end-making satellites enables 48-hour order-to-delivery within Greater Bangkok. Multinationals differentiate with internal can-design labs delivering holographic inks and matte finishes favored by lifestyle beverage brands. Sustainability credentials now tip RFQs: Ball pledges 55% scope-1 and scope-2 emissions reduction by 2030 and net zero by 2050, aligning with filler ESG scorecards.
Regulatory tightening on VOCs and EPR fees is expected to spur capacity rationalization, potentially consolidating share around environmental front-runners. UACJ’s upstream coil investment offers an integrated shelter against aluminum price spikes, an advantage not readily replicated by smaller stand-alone converters. The race is now about speed to sustainable innovation, not lowest headline cost.
Thailand Metal Packaging Industry Leaders
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Toyo Seikan Group Holdings, Ltd.
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ALUCON Public Company Limited
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Crown Holdings, Inc.
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Ball Corporation
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Thai Beverage Can Co., Ltd.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- February 2025: Crown Holdings posted diluted EPS of USD 3.02 for Q4 2024, driven by 4% worldwide beverage-can volume growth and USD 308 million Asia Pacific net sales.
- January 2025: Alcoa Corporation recorded 20% revenue growth to USD 3.5 billion in Q4 2024 as aluminum prices rose to USD 3,213 per tonne, signaling upstream tightness that benefits can-stock margins.
- July 2024: World Bank’s Thailand Economic Monitor highlighted 1.5% Q1 2024 GDP growth amid export softness, underscoring the metal packaging sector’s reliance on non-cyclical food and beverage demand.
- March 2024: Ball Corporation completed the USD 5.6 billion sale of its aerospace business, enabling accelerated investment in lightweight D&I technology for beverage cans.
Thailand Metal Packaging Market Report Scope
Metal packaging is a long-lasting packaging solution for industrial and consumer applications. It mainly comprises steel and aluminum and is used primarily for B2B applications. The market for metal packaging is limited to the B2B market. Metal packaging offers outstanding qualities such as durability, flexibility, and cost-efficiency. These advantages set it apart from other packaging options for industrial applications. Aluminum is a relatively easy metal to sterilize for packaging. Its high barrier protection and high strength make it an excellent packing material. The Thailand Metal Packaging Market tracks the demand for metal packaging products based on the relative consumption across various end-users considered under the scope.
The Thailand Metal Packaging Market is Segmented by Material Type (Aluminum, Steel), Product Type (Cans (Food Cans, Beverage Cans, Aerosol Cans), Bulk Containers, Shipping Barrels and Drums, Caps and Closures, Other Product Types), and End-User Vertical (Beverage, Food, Paints and Chemicals, Industrial, Other End User Vertical). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| Aluminium |
| Steel |
| Cans | Food Cans |
| Beverage Cans | |
| Aerosol Cans | |
| Bulk Containers | |
| Shipping Barrels and Drums | |
| Caps and Closures |
| Beverage |
| Food |
| Paints and Chemicals |
| Industrial and Automotive Oils |
| By Material Type | Aluminium | |
| Steel | ||
| By Product Type | Cans | Food Cans |
| Beverage Cans | ||
| Aerosol Cans | ||
| Bulk Containers | ||
| Shipping Barrels and Drums | ||
| Caps and Closures | ||
| By End-user Vertical | Beverage | |
| Food | ||
| Paints and Chemicals | ||
| Industrial and Automotive Oils | ||
Key Questions Answered in the Report
How large is ThailandÕs metal packaging sector in 2025?
The Thailand metal packaging market size is USD 1.84 billion in 2025 with a 3.73% CAGR outlook toward 2030.
Which material commands the biggest share of Thai metal containers?
Aluminum holds 74.56% share in 2024 and is increasing fastest at a 4.41% CAGR thanks to recyclability benefits and government circular-economy incentives.
What product format dominates demand?
Cans account for 58.93% of value because beverage fillers, food exporters, and pet-food makers prioritize their durability and branding versatility.
Which end-use category is growing quickest?
Food packaging leads growth at a 4.29% CAGR as Thailand expands processed food, pet-food, and halal seafood exports.
Are price swings in raw materials a concern?
Yes, rolled steel coil volatility has a -0.9% impact on CAGR forecasts, pressuring margins for tinplate can producers until stable index-linked supply contracts mature.
Why are sleek and slim cans trending in Thailand?
Brewers and energy-drink brands adopt these formats to target younger consumers with a modern aesthetic while achieving lightweighting gains that support sustainability goals.
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