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At a CAGR of 4.2% between 2023 and 2030, the size of the global metal packaging market is expected to increase from USD 112.09 billion in 2022 to USD 148.86 billion.
The global metal packaging market is a dynamic and expanding business that includes the manufacture and distribution of metal containers for use in a wide range of end-use packaging applications. Metal packaging is widely used in the packaging industry because to its many benefits, including its longevity, strength, and great protective qualities. Cans, containers, aerosol cans, bottles, and closures are just some of the metal packaging products available on the market. These products serve a wide variety of end-uses, including those in the food and beverage, personal care, pharmaceutical, and industrial goods sectors. Market expansion is being fueled by a number of causes, including rising disposable incomes, a greater emphasis on convenience, and stricter rules pertaining to food safety and hygiene. Market growth is also being fueled by technological developments in metal packaging, such as new packaging designs, better materials, and higher quality printing. Rapid urbanization, rising disposable incomes, and shifting consumer lifestyles are fueling the market's expansion in developing nations, particularly in Asia and the Pacific. However, the industry is confronted with obstacles, such as the availability of cheaper raw materials and new types of packaging. Still, rising demand for easy-to-use, secure, and environmentally friendly packaging options is expected to fuel the metal packaging industry worldwide.
Categorization by Form
When it comes to metal packaging, cans are by far the most popular option worldwide. Beverages, foods, and cleaning supplies are just some of the many products that find their way into cans for distribution. They're great for keeping things fresh and prolonging their shelf life by blocking out the elements. Cans are favored by both manufacturers and customers because of their portability, durability, and capacity to be recycled.
Caps and closures are the fastest-growing submarket of the worldwide metal packaging sector. Closures and caps are essential to the quality and safety of packaged goods. They create an impenetrable barrier that keeps harmful substances out. The expansion of caps and closures in the metal packaging sector is being fueled by rising demand for convenience and on-the-go items as well as strict restrictions on product safety and cleanliness. The introduction of new closure technologies like easy-open caps and tamper-evident seals also contributes to the growth of this industry.
Evaluation Through Use
When broken down by end use, the food service sector is the largest in the worldwide metal packaging market. Canned fruits and vegetables, soups, sauces, meat, seafood, and pet food are just few of the many food items that are commonly packaged in metal containers. Metal packaging is widely used in the food sector because it effectively blocks out oxygen, light, and moisture to keep food fresh for longer. Metal cans are widely used in the food sector because of their portability, durability, and tamper-evident qualities.
The healthcare sector is the fastest-growing application area in the global metal packaging market. When it comes to protecting the integrity of pharmaceuticals, medical equipment, and other healthcare products during transport and storage, metal packaging is indispensable. The requirement for sterile and secure packaging solutions to preserve the quality and safety of medical supplies has increased the need for metal packaging in the healthcare sector. Pharmaceuticals and medical devices are kept safe from contamination, moisture, and light in metal containers because to the containers' superior barrier qualities. Moreover, the rising demand for pharmaceutical items worldwide and the increased emphasis on patient safety are contributing to the rapid expansion of metal packaging in the healthcare industry.
Drivers
There is a growing need for eco-friendly packaging options.
Rising consumer demand for environmentally friendly packaging options is fueling growth in the worldwide metal packaging market. Consumers are looking for recyclable, reusable, and environmentally friendly packaging choices as environmental concerns and understanding of the impact of packaging waste rise. Metal containers and cans are widely regarded as environmentally friendly and easy to recycle. For these reasons, manufacturers and brands are increasingly turning to metal packaging solutions to satisfy customers and advance environmental initiatives.
Restraints
The instability of input costs
Raw material price volatility is a major factor limiting market growth for metal packaging. Metal prices, including those of aluminum and steel, are sensitive to market forces such as supply and demand, trade regulations, and geopolitical tensions. Manufacturers of metal packaging may see changes in their profitability and pricing strategies due to the effects of fluctuating raw material prices on their manufacturing costs. Furthermore, it may present difficulties for metal packaging sector long-term planning and investment decisions. In order to stay competitive in the market, manufacturers must carefully monitor and reduce the impact of price changes in raw materials.
Strategic Market Shifts
The rising need for eco-friendly and sustainable packaging options is a major factor driving growth in the worldwide metal packaging market. Packaging materials that are recyclable, reusable, and have a minimum impact on the environment are becoming increasingly popular as a result of the increased emphasis on environmental sustainability among both consumers and regulatory organizations. Closed-loop recycling, in which the material is recycled repeatedly without losing its qualities, shows great promise for metal packaging, such as aluminum cans, which is highly recyclable. Manufacturers are responding to this trend by putting more effort into creating new sustainable packaging options, expanding recycling programs, and raising awareness about the environmental benefits of metal containers.
Report Coverage
Global Metal Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Metal Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Metal Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Metal Packaging market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Metal Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Metal Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ball Corporation (US), Tata Steel (India), Crown Holdings Inc (US), Amcor plc (Australia), Silgan Holdings Inc (US), Metal Packaging Europe (Belgium), CPMC Holdings Ltd (China), Ton Yi Industrial (Taiwan), Greif Incorporated (US), Ardagh Group S.A (Luxembourg), Reynolds Group Holdings (New Zealand), Toyo Seikan Group Holdings (Japan), Can-Pack SA (Poland), HUBER Packaging Group (Germany), Kian Joo Can Factory Berhad (Malaysia), I.M.A. Industria Macchine Automatiche S.p.A. (Italy), Sarten Ambalaj Sanayi ve Ticaret A.S. (Turkey), Envases Universales de Mexico S.A.B. de C.V. (Mexico), Can-Pack India Pvt. Ltd. (India), Massilly Holding S.A.S. (France)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Metal Packaging market based on the below-mentioned segments:
Global Metal Packaging Market, By Type
Cans
caps & closure
barrels & drums
others
Global Metal Packaging market, By Application
Food
beverage
healthcare
personal care
others
Global Metal Packaging market, Regional Analysis
The global metal packaging market is a dynamic and expanding business that includes the manufacture and distribution of metal containers for use in a wide range of end-use packaging applications. Metal packaging is widely used in the packaging industry because to its many benefits, including its longevity, strength, and great protective qualities. Cans, containers, aerosol cans, bottles, and closures are just some of the metal packaging products available on the market. These products serve a wide variety of end-uses, including those in the food and beverage, personal care, pharmaceutical, and industrial goods sectors. Market expansion is being fueled by a number of causes, including rising disposable incomes, a greater emphasis on convenience, and stricter rules pertaining to food safety and hygiene. Market growth is also being fueled by technological developments in metal packaging, such as new packaging designs, better materials, and higher quality printing. Rapid urbanization, rising disposable incomes, and shifting consumer lifestyles are fueling the market's expansion in developing nations, particularly in Asia and the Pacific. However, the industry is confronted with obstacles, such as the availability of cheaper raw materials and new types of packaging. Still, rising demand for easy-to-use, secure, and environmentally friendly packaging options is expected to fuel the metal packaging industry worldwide.
Categorization by Form
When it comes to metal packaging, cans are by far the most popular option worldwide. Beverages, foods, and cleaning supplies are just some of the many products that find their way into cans for distribution. They're great for keeping things fresh and prolonging their shelf life by blocking out the elements. Cans are favored by both manufacturers and customers because of their portability, durability, and capacity to be recycled.
Caps and closures are the fastest-growing submarket of the worldwide metal packaging sector. Closures and caps are essential to the quality and safety of packaged goods. They create an impenetrable barrier that keeps harmful substances out. The expansion of caps and closures in the metal packaging sector is being fueled by rising demand for convenience and on-the-go items as well as strict restrictions on product safety and cleanliness. The introduction of new closure technologies like easy-open caps and tamper-evident seals also contributes to the growth of this industry.
Evaluation Through Use
When broken down by end use, the food service sector is the largest in the worldwide metal packaging market. Canned fruits and vegetables, soups, sauces, meat, seafood, and pet food are just few of the many food items that are commonly packaged in metal containers. Metal packaging is widely used in the food sector because it effectively blocks out oxygen, light, and moisture to keep food fresh for longer. Metal cans are widely used in the food sector because of their portability, durability, and tamper-evident qualities.
The healthcare sector is the fastest-growing application area in the global metal packaging market. When it comes to protecting the integrity of pharmaceuticals, medical equipment, and other healthcare products during transport and storage, metal packaging is indispensable. The requirement for sterile and secure packaging solutions to preserve the quality and safety of medical supplies has increased the need for metal packaging in the healthcare sector. Pharmaceuticals and medical devices are kept safe from contamination, moisture, and light in metal containers because to the containers' superior barrier qualities. Moreover, the rising demand for pharmaceutical items worldwide and the increased emphasis on patient safety are contributing to the rapid expansion of metal packaging in the healthcare industry.
Drivers
There is a growing need for eco-friendly packaging options.
Rising consumer demand for environmentally friendly packaging options is fueling growth in the worldwide metal packaging market. Consumers are looking for recyclable, reusable, and environmentally friendly packaging choices as environmental concerns and understanding of the impact of packaging waste rise. Metal containers and cans are widely regarded as environmentally friendly and easy to recycle. For these reasons, manufacturers and brands are increasingly turning to metal packaging solutions to satisfy customers and advance environmental initiatives.
Restraints
The instability of input costs
Raw material price volatility is a major factor limiting market growth for metal packaging. Metal prices, including those of aluminum and steel, are sensitive to market forces such as supply and demand, trade regulations, and geopolitical tensions. Manufacturers of metal packaging may see changes in their profitability and pricing strategies due to the effects of fluctuating raw material prices on their manufacturing costs. Furthermore, it may present difficulties for metal packaging sector long-term planning and investment decisions. In order to stay competitive in the market, manufacturers must carefully monitor and reduce the impact of price changes in raw materials.
Strategic Market Shifts
The rising need for eco-friendly and sustainable packaging options is a major factor driving growth in the worldwide metal packaging market. Packaging materials that are recyclable, reusable, and have a minimum impact on the environment are becoming increasingly popular as a result of the increased emphasis on environmental sustainability among both consumers and regulatory organizations. Closed-loop recycling, in which the material is recycled repeatedly without losing its qualities, shows great promise for metal packaging, such as aluminum cans, which is highly recyclable. Manufacturers are responding to this trend by putting more effort into creating new sustainable packaging options, expanding recycling programs, and raising awareness about the environmental benefits of metal containers.
Report Coverage
Global Metal Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Metal Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Metal Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Metal Packaging market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ball Corporation (US), Tata Steel (India), Crown Holdings Inc (US), Amcor plc (Australia), Silgan Holdings Inc (US), Metal Packaging Europe (Belgium), CPMC Holdings Ltd (China), Ton Yi Industrial (Taiwan), Greif Incorporated (US), Ardagh Group S.A (Luxembourg), Reynolds Group Holdings (New Zealand), Toyo Seikan Group Holdings (Japan), Can-Pack SA (Poland), HUBER Packaging Group (Germany), Kian Joo Can Factory Berhad (Malaysia), I.M.A. Industria Macchine Automatiche S.p.A. (Italy), Sarten Ambalaj Sanayi ve Ticaret A.S. (Turkey), Envases Universales de Mexico S.A.B. de C.V. (Mexico), Can-Pack India Pvt. Ltd. (India), Massilly Holding S.A.S. (France) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Metal Packaging Market from 2021 to 2030.
- Market Forecast for Metal Packaging Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Metal Packaging competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Metal Packaging
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Metal Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Metal Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ball Corporation (US), Tata Steel (India), Crown Holdings Inc (US), Amcor plc (Australia), Silgan Holdings Inc (US), Metal Packaging Europe (Belgium), CPMC Holdings Ltd (China), Ton Yi Industrial (Taiwan), Greif Incorporated (US), Ardagh Group S.A (Luxembourg), Reynolds Group Holdings (New Zealand), Toyo Seikan Group Holdings (Japan), Can-Pack SA (Poland), HUBER Packaging Group (Germany), Kian Joo Can Factory Berhad (Malaysia), I.M.A. Industria Macchine Automatiche S.p.A. (Italy), Sarten Ambalaj Sanayi ve Ticaret A.S. (Turkey), Envases Universales de Mexico S.A.B. de C.V. (Mexico), Can-Pack India Pvt. Ltd. (India), Massilly Holding S.A.S. (France)
Primary Target Market
- Market Players of Metal Packaging
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Metal Packaging market based on the below-mentioned segments:
Global Metal Packaging Market, By Type
Cans
caps & closure
barrels & drums
others
Global Metal Packaging market, By Application
Food
beverage
healthcare
personal care
others
Global Metal Packaging market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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