Metal Packaging Market Size Report, Trends and Growth 2030

[Research Report] The metal packaging market size was valued at US$ 145.52 billion in 2022 and is expected to reach US$ 197.10 billion by 2030; it is estimated to register a CAGR of 3.9% from 2022 to 2030.

MARKET ANALYSIS

Metal packaging has many advantages, such as product protection, durability, and sustainability . Metal has good barrier properties to light, gases, and odors and withstands high temperatures. Metal is strong and protects the inside contents from damage. Aluminum and steel are considerably more durable than other packaging materials. Metal is made to last and to be reused multiple times. Some metal packaging products are bottles, cans, caps and closures, drums, and tubes. Metal is highly used in food packaging. Nowadays, food and beverage cans make up most of the metal packaging. Metal packaging products also find application in end-use industries such as personal care, consumer goods, pharmaceuticals, paints & coatings, and automotive. The major factors driving the growth of the global metal packaging market are the increasing demand for canned foods and beverages and the growing personal care and cosmetics industry. Changing consumer preferences contribute to the increased demand for on-the-go and ready-to-eat options such as canned food & beverages and packaged food products. In the region, the personal care and cosmetics industry is constantly innovating and expanding by offering a distinct range of cosmetics and specialized products for different skin types to cater to a wide range of consumer preferences. With this, the demand for metal packaging products is increasing. Further, the increasing use of recycled metals and post-consumer recycled materials is expected to offer lucrative opportunities for market growth.

GROWTH DRIVERS AND CHALLENGES

Canned foods have a long shelf life, attributed to heat and vacuum sealing during the canning process. Changing consumer preferences increase demand for on-the-go and ready-to-eat options such as packaged food products. The increasing demand for clean-label, low-calorie, and low-carb foods, along with manufacturers' continuous launch of innovative products, have spurred the sales of canned food products. Further, the demand for canned products, such as canned soups and stews, frozen soup, canned seafood soup and broths, and frozen fruits and vegetables, has increased in MENA. Moreover, metal packaging is increasingly used for personal care and cosmetic products due to its aesthetic appeal, durability, and protection against moisture and contaminants. Metal tubes, tins, and aerosol cans are common metal packaging applications. Metal packaging offers exceptional barrier protection against moisture, light, and air for cosmetic formulations. This airtight and light-resistant protection ensures that the products remain fresh, prevent degradation of active ingredients, and maintain original consistency and color. However, metal packaging faces intense competition from alternative packaging materials, particularly glass and plastics. Plastics offer low cost, lightweight, and great design flexibility, while glass offers premium aesthetic appeal. This competition prompts metal packaging manufacturers to innovate and differentiate their products. The limited awareness of the advantages of beverage metal packaging in undeveloped countries and the high cost of raw materials such as steel and aluminum restrict customers from adopting these materials.

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Metal Packaging Market: Strategic Insights

Metal Packaging Market

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  CAGR (2022 - 2030)

  3.9%
• Market Size 2022
  US$ 145.52 Billion
• Market Size 2030
  US$ 197.10 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Ball Corp
• Crown Holdings Inc
• Dayal Metal Containers Factory LLC
• Saudi Can Co
• Saudi Arabian Steel Can Manufacturing Co
• Mahmood Saeed Beverage Cans Ends Industry Co Ltd
• Consolidated Can Manufacturing Co Ltd
• Southern Can Making Co Ltd
• ZND Metal Cans

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Material

• Aluminum
• Steel
• Others

Product Type

• Bottles
• Cans
• Caps and Closures
• Drums
• Tubes
• Others

End-Use Industry

• Food & Beverages
• Personal Care
• Consumer Goods
• Pharmaceuticals
• Paints & Coatings
• Automotive
• Others

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REPORT SEGMENTATION AND SCOPE

The "Global Metal Packaging Market Analysis and Forecast to 2030" is a specialized and in-depth study focusing significantly on global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation on the basis of material, product type, end-use industry, and geography. The report provides key statistics on the use of metal packaging worldwide and their demand in major regions and countries. In addition, the report provides a qualitative assessment of various factors affecting the metal packaging market performance in major regions and countries. It also includes a comprehensive analysis of the leading players in the metal packaging market and their key strategic developments. Analysis of the market dynamics is also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

The ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global metal packaging market, which helps understand the entire supply chain and various factors influencing the market growth.

SEGMENTAL ANALYSIS

The global metal packaging market is segmented on the basis of material, product type, and end-use industry. Based on material, the market is segmented into aluminum, steel, and others. Aluminum metal packaging stands out as a versatile and widely utilized solution in packaging materials. Renowned for its lightweight nature, corrosion resistance, and recyclability, aluminum is an ideal choice for various packaging needs. The use of aluminum in packaging contributes to the reduction of transportation costs due to its lightweight properties, making it an eco-friendly option. Based on product type, the market is segmented into bottles, cans, caps and closures, drums, tubes, and others. Metal packaging cans play a pivotal role in modern packaging, offering a robust and versatile solution for preserving and transporting various products such as food & beverage cans. These cans are durable, typically crafted from aluminum or steel, protecting contents from external elements, light, and air. Their hermetic seal ensures extended shelf life for food and beverages, maintaining product freshness and quality. Based on the end-use industry, the metal packaging market is segmented into food & beverages, personal care, consumer goods, pharmaceuticals, paints & coatings, automotive, and others. Metal packaging holds a significant and pervasive role in the food & beverages industry, offering many benefits that cater to both manufacturers and consumers. Steel and aluminum, commonly used metals in packaging, provide a robust shield against external elements such as light, air, and moisture, preserving the freshness and quality of food and beverages. This protective barrier is crucial in preventing contamination and spoilage, ensuring products reach consumers in optimal condition. The versatility of metal packaging is evident in various forms, including cans, containers, and closures.

REGIONAL ANALYSIS

The report provides a detailed overview of the global metal packaging market with respect to five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific accounted for the largest share of the global metal packaging market and was valued at over US$ 40 billion in 2022. Asia Pacific marks the presence of major food & beverage manufacturers and is a hub for mid-sized businesses operating in the region. Europe is expected to reach over US$ 60 billion by 2030. North America is expected to record a CAGR of ~4% from 2022 to 2030. In North America, canned food & beverages are utilized significantly, and their use is increasing with the rising per capita income. As the food & beverage industry continues to evolve and innovate, demand for these high-performance metal packaging materials propels, contributing to the metal packaging market growth.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Various initiatives taken by the key players operating in the metal packaging market are listed below:

In October 2022, Ball Corp announced the availability of two new sizes of its infinitely recyclable Ball Aluminum Cup to broaden the opportunity for venues and concessionaires and offer consumers a full portfolio of sustainable cup options.

IMPACT OF COVID-19 PANDEMIC/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Before the COVID-19 pandemic, many countries across the world reported economic growth. The key manufacturers invested in the research and development of metal packaging. They also focused on expanding geographic reach through mergers and acquisitions to cater to a broad customer base. Before the pandemic, the metal packaging market reported steady growth due to increasing demand from the food & beverage industry. During the pandemic, supply chain disruptions, raw material and labor shortages, and operational difficulties created a demand and supply gap, adversely affecting the growth of the chemicals & materials industry. Manufacturers reported challenges in sourcing raw materials and ingredients from suppliers, impacting the production rate of metal packaging.

The demand and supply gap was also recorded in several regions due to fluctuating demand from the food & beverage industry. In 2021, rising vaccination rates contributed to improvements in the overall conditions in different countries, which led to conducive environments for the chemicals & materials industry. The sales of metal packaging increased with the resumption of production and sales operations of companies operating in the food & beverage industry. The increasing demand for high-quality metal packaging solutions in these industries has propelled the growth of the metal packaging market.

Metal Packaging Market Report Scope

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COMPETITIVE LANDSCAPE AND KEY COMPANIES 

Ball Corp, Crown Holdings Inc, Dayal Metal Containers Factory LLC, Saudi Can Co, Saudi Arabian Steel Can Manufacturing Co, Mahmood Saeed Beverage Cans & Ends Industry Co Ltd, Consolidated Can Manufacturing Co Ltd, Southern Can Making Co Ltd, ZND Metal Cans, and Tengeh Noor Canvas Industry Co are among the key players operating in the metal packaging market.