The metal packaging market is experiencing several significant trends and developments that are shaping its growth trajectory:
Growing Demand for Sustainable Packaging Solutions: There is an increasing global emphasis on sustainability and environmental responsibility, driving the demand for sustainable packaging solutions. Metal packaging, including steel and aluminum cans, is highly valued for its recyclability, durability, and ability to preserve product freshness. Consumers, retailers, and brand owners are increasingly choosing metal packaging for its eco-friendly properties, contributing to the growth of the metal packaging market.
Expansion of Food and Beverage Industry: The food and beverage industry is a major consumer of metal packaging due to its ability to protect food and beverage products from contamination, light, and air exposure. The expanding food and beverage industry, driven by factors such as population growth, urbanization, and changing consumer lifestyles, is driving the demand for metal packaging solutions. Metal cans are widely used for packaging various food items such as fruits, vegetables, soups, and beverages, contributing to the growth of the metal packaging market.
Rising Popularity of Ready-to-Drink (RTD) Beverages: Ready-to-drink (RTD) beverages, including energy drinks, soft drinks, and alcoholic beverages, are experiencing growing demand worldwide due to their convenience and portability. Metal cans are preferred packaging formats for RTD beverages due to their lightweight, shatterproof, and recyclable properties. The increasing consumption of RTD beverages, particularly among millennials and urban populations, is driving the demand for metal packaging in the beverage industry.
Technological Advancements in Packaging Design and Printing: Technological advancements in packaging design and printing have led to innovations in metal packaging, enabling manufacturers to create attractive and eye-catching packaging designs. Advanced printing techniques such as digital printing, lithographic printing, and embossing enhance the visual appeal of metal cans, making them stand out on store shelves and attract consumer attention. Manufacturers are investing in packaging design and printing technologies to differentiate their metal packaging products and gain a competitive edge in the market.
Preference for Tamper-Evident and Reclosable Packaging: Tamper-evident and reclosable packaging solutions are gaining popularity in the food and beverage industry, particularly for products such as canned beverages, canned fruits, and canned vegetables. Metal packaging formats with tamper-evident closures and reclosable lids provide consumers with assurance of product safety and freshness, enhancing consumer trust and confidence. The preference for tamper-evident and reclosable metal packaging is driving innovation in packaging design and technology in the metal packaging market.
Focus on Extended Shelf Life and Product Protection: Metal packaging offers excellent barrier properties that protect food and beverage products from external factors such as light, moisture, and oxygen, thereby extending product shelf life and preserving product freshness. Manufacturers are developing advanced metal packaging solutions with barrier coatings, lacquers, and sealants to enhance product protection and ensure product integrity throughout the supply chain. The focus on extended shelf life and product protection is driving the adoption of metal packaging in the food and beverage industry.
Expansion of Pharmaceutical and Healthcare Packaging: Metal packaging is also used in the pharmaceutical and healthcare industries for packaging medicines, medical devices, and healthcare products. Metal containers such as aluminum tubes, cans, and bottles are preferred packaging formats for pharmaceutical products due to their durability, barrier properties, and tamper-evident features. The expanding pharmaceutical and healthcare industries, driven by factors such as aging populations and increasing healthcare expenditure, are driving the demand for metal packaging solutions.
Regulatory Compliance and Safety Standards: Compliance with regulatory requirements and adherence to safety standards are essential considerations in the metal packaging market. Metal packaging materials and formats must comply with regulatory standards for food safety, hygiene, and environmental impact set by authorities such as the Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA). Adherence to regulatory compliance and safety standards ensures the safety, legality, and quality of metal packaging products, fostering trust and confidence among consumers and end-users.
Report Attribute/Metric | Details |
---|---|
Market Opportunities | High-quality products and cost-effectiveness |
Market Dynamics | Increasing consumption of beverages Demand for aerosol cans |
Metal Packaging Market Size was valued at USD 92,486.9 million in 2021. The metal packaging industry 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 (2024 - 2030). Increasing consumption of beverages and demand for aerosol cansare the key market drivers enhancing the market growth of metal packaging.
Consumption of units is increasing substantially as a result of this trend. Additionally, consumers prefer metal cans because of their low environmental impact due to growing environmental concerns. For instance, recycling steel and tin cans can save up to 74% energy savings. 102.18 million Americans consumed canned meat in 2019, using data from the US Census and the Simmons National Consumer Survey (NHCS). Throughout the forecast period, demand for canned food is anticipated to rise in India, China, and Brazil, which would positively impact the market's expansion.
Due to the high concentration of consumer goods and packaged goods manufacturers in North America, the region accounts for a significant share of the metal packaging industry. Because of this, the packaging industry is well-established in this region. For instance, according to the U.S. Census Bureau, in 2019, about 214.07 million Americans ate canned, jarred, or packaged fruit. Additionally, meat/poultry, yogurt, and juices are the most popular organic foods consumed or preferred by consumers in the United States. The beverage market now includes a variety of new specialty drinks in 8.2-ounce cans, such as energy drinks. The Beer Institute estimates that American brewers fill and sell around 36 billion bottles and cans of aluminum each year. 62% of the beer produced and sold in the United States is in these cans.
In the US and Europe, there has always been a great demand for products with metal packaging, such as aluminum cans. Consumption rates in Asia and Southeast Asia are rising steadily due to an increasing middle-class population, changing lifestyles, and changing consumer tastes. For instance, in June 2019, Hindalco Industries Ltd, a company of the Aditya Birla Group, Can-Pack India, and Ball Beverage Packaging (India), formed a consortium to popularize aluminum beverage packaging. The Aluminum Beverage Can Association of India (ABCAI) consortium promotes using aluminum instead of plastic and glass for packaging. Additionally, the association wants to increase the country's 5% use of aluminum cans to around 25% by 2030, enhancing the metal packaging market CAGR in recent years.
The demand for can-packed products would sharply rise, given the growing importance of recycling and sustainable solutions. For instance, in 2021, Ball Beverage Packaging recently offered alcohol in 180 ml cans in Rajasthan, India. Overall, it is anticipated that the post-pandemic beer market will grow and be able to make up for any losses that may occur in the year 2020, also driving the growth of the metal packaging market revenue.
The metal packaging market segmentation, based on material, includes aluminum and steel. The aluminum segment held the majority share 2021 of the global metal packaging market revenue. The most popular metal packaging solution is aluminum. It can accommodate a variety of forms and styles for creative packaging because it is adaptable. For food and beverage products, metal packaging in lightweight aluminum cans offers greater accessibility and convenience.
The global metal packaging market segmentation, based on type, includes cans, drums & barrels, and caps & closures. The cans segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period 2022-2030. It is one of the most popular types of metal packaging. Due to the recent increase in beverage demand, they have grown in popularity in both developed and developing countries. The cans are mostly employed in products for the fast-moving consumer goods market, including processed foods in cans, soda cans, room spray, and others. As a result, it is predicted that these products will be consumed at a higher rate than other products. Hence, the rising demand for cans positively impacts the market growth of metal packaging.
The metal packaging market data has been bifurcated by application into food & beverages, healthcare, personal care, and chemicals. The food & beverages segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period 2022-2030. The market is growing due to rising alcohol and other energizing beverage use and a shifting consumer preference for recyclable and sustainable beverage cans. In recent years, the food & beverage industry has experienced tremendous growth. Manufacturers are forced to use advanced technologies to offer their customers products of the highest quality due to shifting consumer preferences, rising population, and rising disposable income.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North America Metal Packaging market accounted for USD 40,601.7 million in 2021 and is expected to exhibit a significant CAGR growth during the study period. It is due to the large concentration of consumer goods and packaged goods manufacturers in North America. The rising proliferation of metal packaging products in the region is due to strict government regulations and standards. The massive rise of the metal packaging sector is also due to the tremendous consumption of canned food in North America.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe metal packaging market accounts for the second-largest market share due to its fast-paced lifestyle and preference for convenience packaging. Due to their heavy reliance on canned foods and beverages, Germany and Spain are significant contributors to the European metal packaging sector. Further, the Germany metal packaging market held the largest market share, and the UK metal packaging market was the fastest-growing market in the European region.
The Asia-Pacific Metal Packaging Market is expected to grow at the fastest CAGR from 2022 to 2030. 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 products. The healthcare industry is the primary driver of growth in the Asia-Pacific region. The market is expanding due to demand for items including ointment tubes, tablet wrappers, trays, and metal sterilizers. Moreover, China metal packaging market held the largest market share, and the India metal packaging market was the fastest-growing market in the Asia-Pacific region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the market grow even more. Market participants are also taking various strategic initiatives to grow their global footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the metal packaging industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies manufacturers adopt in the metal packaging industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the metal packaging industry has provided cutting-edge technologies with some of the most significant benefits. The metal packaging market major players, such as Ball Corporation, Crown Holdings Inc, Can pack SA, Silgan Holdings Incorporated, and others, are working on expanding the market demand by investing in research and development activities.
American company Ball Corporation headquartered in Broomfield, Colorado, is popularly known for producing glass jars, lids, and related products in the early days that were used for home canning. Aerospace technology is one of the newer business ventures of the Ball company. It became the largest global manufacturer of recyclable metal food and beverage containers. In July 2021, Ball Corporation intended to build new aluminum beverage packaging plants in the UK and Russia to help its strategic partners thrive over the long run. The company intends to expand capacity by billions of cans annually by constructing additional facilities in Western Russia and the UK's East Midlands.
Also, Can-Pack SA, a division of Pol-Am-Pack SA, was founded in 1992 to manufacture 330 ml aluminum beverage cans and SOT 206 aluminum easy-open ends. The amount of packaging that can be produced and the variety of services that can be provided has grown significantly due to ongoing investment in equipment installation at a top-notch technological level. In July 2022, Can-Pack SA, a member of the CAN PACK Group and a leader in sustainable packaging, announced that it would build a new production facility in Poços de Caldas, Minas Gerais, Brazil, to increase its capacity for producing aluminum beverage cans.
Ball Corporation
Crown Holdings Inc
Can pack SA
Silgan Holdings Incorporated
Tubex GmbH
Mauser Packaging Solutions
Ardagh Group
CCL Containers Inc, among others
January 2020:Â The new aluminum bottles that Ball Corporation has introduced offer a circular approach to reducing plastic pollution. The aluminum bottles used by the ball can be recycled numerous times and used to create new aluminum products.
March 2020:Â The partnership with Oricon was announced by the metal packaging company Technocap. The partnership will facilitate Technocap's full entry into the Indian and Far Eastern markets.
March 2022:Â Virospack has introduced metal dropper bottles with child-resistant metal shells to store cosmetics and personal care items. The company intends to increase the variety of droppers it offers in packaging that is glossy, attractive, and of premium quality.
Aluminum
Steel
Cans
Drums & Barrels
Caps & Closures
Food & Beverages
Healthcare
Personal care
Chemical
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)