Metal Packaging Market size touched USD 126.4 billion in 2021 and is estimated to reach USD 167.7 billion by 2029, expanding at a CAGR of 3.6% during the forecast period 2022-2029 attributed to growing demand for food and beverage packaging solutions worldwide.

Main Metal Packaging Market Drivers

Major factors driving metal packaging market are growing demand for canned food products around the world and rising awareness amongst consumers about the usage of non-carcinogenic materials in packaging. Increasing consumers preference towards ready-to-eat food products, is one of the major factors boosting the demand for canned food products. Metal Packaging is gaining traction in the canned products owing to its excellent barrier properties, as per our research, global canned food market was estimated at USD 110 billion in 2020 and is projected to grow at a steady, which will create demand for metal packaging solutions in coming years.  

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Companies are preferring to use metal food packaging solutions as it can increase shelf life of product, coupled with its structural integrity, are accelerating its adoption in the food and beverage industry. Furthermore, advancements in the packaging has increased the storage capacity of metal cans and new product launch by companies, are supplementing the growth of metal packaging market. For instance, Ball Corporation, a major manufacturer of home canning based out of United States launched a new aluminium bottle line in January 2020. This bottle line is available in different sizes and is suitable for the packaging of liquids like shampoos, yogurts, and dressings. Increasing middle-income population, growing alcohol consumption worldwide and environmental concerns related to the usage of plastics, are boosting the market growth.

Metal Cans Packaging segment is estimated to hold the largest market share.

Metal cans find its application in fast-moving consumer goods (FMCG) like soda can and room spray. Additionally, growing consumers preference for small-size and multi-pack packaging formats, are pushing metal packaging companies to design products in these formats. For instance, in 2019, Jiaduobao, manufacture of canned herbal tea based in China introduced canned herbal tea in sleek cans.

Based on Vertical, Food and Beverage segment is projected to dominate the market.

Major companies operating in the food and beverage industry are preferring to use metal packaging solutions as it provides more protection to food as compared to other packaging solutions. In addition, companies are formulating strategies related to product launch in the food and beverage vertical, which is propelling the segment’s growth.

Based on Region, North American region is forecast lead the market.

North American metal packaging market is driven by growing demand for metal canned products, strict regulations imposed by governments related to packaging and high disposable incomes in the region. As per Beer Institute’s report, on an average, American brewers sells around 36 billion aluminium cans and bottles every year, and most of these cans, are sold in the United States beer market. Asia-Pacific metal packaging market is propelled by rise in steel crude production, surge in the demand for mini cans and growing per capita incomes of consumers.

Top Market Players

Some of the major metal packaging companies are Tubex GmbH, Greif Incorporated, Mauser Packaging Solutions, Ball Corporation, Crown Holdings Inc., Can-Pack SA, Ardagh Group, DS Containers Inc, Silgan Holdings Incorporated and CCL Container Inc., among others.

Key Developments:

  • In August 2022, Mauser Packaging Solutions, a major packaging solutions and services provider based out of United States, announced its plans to expand production capacity for its infinity series.
  • In 2021, Crown Holdings (CCK) opened a new beverage can facility in the Nevada, United States. Through the launch of this facility, company plans to expand its foothold in the North American drinks market.


Market Segmentation

Segmentation by Material Type
o Aluminium
o Steel
Segmentation by Product Type
o Cans
o Bulk Containers
o Shipping Barrels and Drums
o Caps and Closures
o Others
Segmentation by Vertical
o Food and Beverage
o Industrial
o Cosmetic and Personal Care
o Paints and Varnishes
o Automotive
o Household
o Others

Segmentation by Region
Asia Pacific
o China
o Japan
o India
o Rest of APAC
North America
o United States of America
o Canada
o United Kingdom
o Germany
o France`
o Spain
o Rest of Europe
o Brazil
o South Africa
o Saudi Arabia

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