Vietnam Metal Can Packaging Market Size

Statistics for the 2023 & 2024 Vietnam Metal Can Packaging market size, created by Mordor Intelligence™ Industry Reports. Vietnam Metal Can Packaging size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Vietnam Metal Can Packaging Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Vietnam Metal Can Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.11 Billion
Market Size (2029) USD 2.45 Billion
CAGR (2024 - 2029) 3.07 %
Market Concentration Low

Major Players

Vietnam Metal Can Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Vietnam Metal Can Packaging Market Analysis

The Vietnam Metal Can Packaging Market size is estimated at USD 2.11 billion in 2024, and is expected to reach USD 2.45 billion by 2029, growing at a CAGR of 3.07% during the forecast period (2024-2029).

This growth is attributed to the rising demand for metal cans in the country due to the rising consumption of alcoholic and non-alcoholic beverages, such as beer and carbonated drinks.

  • Food can demand increased as a result of lockdown orders being implemented in Vietnam as people stocked up on tinned goods. As consumers move from public spaces like bars and restaurants to more private spaces like their homes, the demand for beverage cans has risen.
  • The growing rate of urbanization across the country has resulted in a higher demand for convenience food. Eating out and convenience food take over food shopping, preparing, and home cooking in Vietnam. The fast-growing middle class and the young population are this trend's two major growth factors.
  • Furthermore, the government of Vietnam is promoting the use of aluminum cans in the country. For instance, in January 2021, the Ministry of Natural Resources and Environment (MoNRE) and Ball Corporation came together in a campaign to promote the use and recycling of beverage cans in Vietnam.
  • Aluminum is mostly used for food packaging owing to its strong resistance to rust and corrosion, as food that is sensitive to light can be protected more reliably using aluminum cans. However, as mixing plastic and metal provides a solution to long-term storage, a polystyrene tray inside a foil-laminated pouch is getting demand for food packaging.
  • The implementation of the lockdown due to COVID-19 orders in Vietnam resulted in a spike in demand for food cans as people stocked up on tinned goods. The demand for beverage cans has increased as consumers switch from socially constrained settings like pubs and restaurants to more private settings like their homes.

Vietnam Metal Can Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)