Metal Packaging Market is Anticipated to Increase at a CAGR of 3.50% from 2022 to 2030, Reaching $1,21,000.00 Million

Research Reports

Feb 06, 2023

Metal Packaging Market size is projected to grow from USD 95,723.94 million in 2022 to USD 1,21,787.59 million by 2030, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2022 – 2030).

The technological advancements in product performance and functionality, as well as advances in the product’s aesthetic look in terms of colours, shapes, and patterns, have largely been responsible for the steady rise in demand for aluminium aerosol cans, which has now reached a new level. Better market prospects are assured by the expansion of end-use applications, particularly in the areas of pharmaceuticals, consumer appliances, and personal care items. Additionally, the beverage market’s development potential is encouraging for the profitability of the metal packaging sector.

However, the main obstacles to industry expansion are things like rising material costs and environmental concerns. Steel and aluminium are two materials that are frequently used in metal packaging and are more expensive than plastic.

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Regional Analysis:

The Metal Packaging Market is expanding in several places. North America, Europe, Asia Pacific, and the rest of the world are these geographical areas.

The region with the biggest market share is North America. This is a result of North America’s booming food and beverage businesses. Additionally, the US leads the Metal Packaging Market and is one of the nations with the highest shareholdings. The reason why the US is the market leader is due to the steadily rising demand for canned and processed goods in this nation.

Later, the projected period’s fastest-growing region is the Asia-Pacific region. This is due to the expansion of numerous sectors, and one of the key factors driving the growth of the metal packaging market in the Asia Pacific region is the need for food and beverage items. Last but not least, the health care industry is the primary driver of growth in the Asia Pacific area. the need for metal sterilisers, trays, tablet wrappers, ointment tubes, etc.

Future expansion will also be seen in Latin America. This is also a result of industry expansion.

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Market Segmentation:

By product it is further segmented into food cans, beverage cans, aerosols, Caps and closure, Drums and barrels, Bulk containers & Others.

By material type it is further categorised into Steel, Aluminium & Others.

By end-users it is further segmented into: Food, Beverages, Personal care, Health care, Industrial, Cosmetic and personal care, Automotive, Household & Others.

By region it is divided into:

North America –US, Canada

Latin America– Mexico, Brazil, Peru, Chile and Others

Western Europe– Germany, UK, France, Spain, Italy, Nordic countries,    Belgium, Netherlands, Luxembourg

Eastern Europe– Poland, Russia

Asia Pacific– India, Japan, China, ASEAN, Australia, New Zealand

The Middle East and Africa– GCC, Southern Africa, North Africa

Key Players:

The key players of the global metal packaging market Ball Corporation, Crown Holdings Inc, Can pack SA, Silgan Holdings Incorporated, Tubex GmbH, Grief Incorporated, Mauser Packaging Solutions, Ardagh Group, DS Containers Inc, and CCL Containers Inc

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