The global metal packaging market was valued at $108.8 billion in 2020, and is projected to reach $147.4 billion by 2030, growing at a CAGR of 3.1% from 2020 to 2030.
Metal packaging refers to a variety of packaging and protective materials made from steel sheets and aluminum sheets. The most common types of metal packaging materials include, aerosols and beverage cans, containers, barrels, barrels, hubcaps, and closures. It protects the contents from moisture and bacteria and allows fresh food to be stored without refrigeration. These materials also have advantages, such as compactness, high density, toughness, ductility, and thermal conductivity, and are widely used in food, beverage, industrial, personal care products, and pharmaceutical packaging.
The growing food and beverage industry is currently one of the key drivers of market growth. Metal cans, especially aluminum cans, are one of the most popular packaging solutions for storing a variety of beverages, such as beer, sparkling wine, soda, iced tea, carbonated soft drinks, energy drinks, and coffee-based drinks. Increase in acceptance of metal packaging by organic food manufacturers contributes to market growth. This is further catalyzed by growing consumer awareness of the various health benefits of storing organic produce in metal-based packaging products. In addition, the advent of resalable and customizable cans that offer enhanced functionality and storage capacity creates a positive outlook for market growth. Manufacturers are developing innovative and aesthetically pleasing designs for a variety of personal care products to expand their customer base. Other factors, such as increase in use of aerosol cans in the pharmaceutical industry, extensive R & D activities, and rapid urbanization globally are expected to continue to drive the market.
The metal packaging market is segmented into type, material, application, and region. Depending on type, the market is categorized into cans, caps & closure, barrels & drums, and others. Depending on material, it is fragmented into steel, aluminum, and others. By application, it is classified into food, beverage, healthcare, personal care, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global metal packaging market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include, Amcor plc., Ardagh Group S.A, Ball Corporation, CPMC Holdings Ltd., Crown Holdings Inc., Greif Incorporated, Metal Packaging Europe, Silgan Holdings Inc., Tata Steel, and Ton Yi Industrial.
The COVID-19 pandemic is rapidly spreading and ruthlessly affects the business environments of major markets. The demand for metal packaging witnesses significant decline in all segments. Some regions, particularly, North America and Europe, witness greater decline than Asia-Pacific. Amidst the ongoing crisis, metal packaging producers are operating at a lower capacity and are planning to scale up their operation after carefully assessing the course of COVID-19 in the near term.
Furthermore, import and export activities were significantly impacted, which, in turn, adversely affect the industries using metal packaging, thereby affecting the metal packaging market.
With nearly 98 billion units produced each year and four groups being consumed weekly by every EU citizen, Metal Packaging Europe (MPE) led the European producers of rigid metal packaging to recognize the metal packaging sector as essential in ensuring the uninterrupted flow of critical goods in the aftermath of COVID-19. Several beverage can manufacturers' expansion projects have helped the countries satisfy the rise in demand for metal cans in recent years. However, due to country-specific travel restrictions and safety concerns, there have been delays.
Moreover, multiple supply chain disruptions led to significant manufacturers to report setbacks. For instance, in May 2020, Ball Corporation announced delays in beverage packaging projects in Europe and Brazil due to the restrictions imposed by the COVID-19 pandemic.
The U.S. reported witnessing a surge in demand for processed foods like canned soups and vegetables during the outbreak of COVID-19, affecting the metal packaging across the food industry's supply chain.
Metal container manufacturers were required to speed up production, but the labor remained a challenge. Crown Holdings, announced to increase production in the U.S. across 2020. The pandemic added urgency to the effort. The company initiated 81 open production jobs at its 25 U.S. plants, in place of third production line being set up at a factory in Nichols, New York. Silgan Holdings has over 50 plants across the U.S. The company reported an increase in first-quarter earnings in 2020, partly due to a jump in demand for cans.
Metal packaging refers to a variety of packaging and protective materials made from steel sheets and aluminum sheets. The most common types of metal packaging materials include, aerosols and beverage cans, containers, barrels, barrels, hubcaps, and closures. It protects the contents from moisture and bacteria and allows fresh food to be stored without refrigeration. These materials also have advantages, such as compactness, high density, toughness, ductility, and thermal conductivity, and are widely used in food, beverage, industrial, personal care products, and pharmaceutical packaging.
The growing food and beverage industry is currently one of the key drivers of market growth. Metal cans, especially aluminum cans, are one of the most popular packaging solutions for storing a variety of beverages, such as beer, sparkling wine, soda, iced tea, carbonated soft drinks, energy drinks, and coffee-based drinks. Increase in acceptance of metal packaging by organic food manufacturers contributes to market growth. This is further catalyzed by growing consumer awareness of the various health benefits of storing organic produce in metal-based packaging products. In addition, the advent of resalable and customizable cans that offer enhanced functionality and storage capacity creates a positive outlook for market growth. Manufacturers are developing innovative and aesthetically pleasing designs for a variety of personal care products to expand their customer base. Other factors, such as increase in use of aerosol cans in the pharmaceutical industry, extensive R & D activities, and rapid urbanization globally are expected to continue to drive the market.
The metal packaging market is segmented into type, material, application, and region. Depending on type, the market is categorized into cans, caps & closure, barrels & drums, and others. Depending on material, it is fragmented into steel, aluminum, and others. By application, it is classified into food, beverage, healthcare, personal care, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global metal packaging market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include, Amcor plc., Ardagh Group S.A, Ball Corporation, CPMC Holdings Ltd., Crown Holdings Inc., Greif Incorporated, Metal Packaging Europe, Silgan Holdings Inc., Tata Steel, and Ton Yi Industrial.
IMPACT OF COVID-19 ON METAL PACKAGING MARKET
The COVID-19 pandemic is rapidly spreading and ruthlessly affects the business environments of major markets. The demand for metal packaging witnesses significant decline in all segments. Some regions, particularly, North America and Europe, witness greater decline than Asia-Pacific. Amidst the ongoing crisis, metal packaging producers are operating at a lower capacity and are planning to scale up their operation after carefully assessing the course of COVID-19 in the near term.
Furthermore, import and export activities were significantly impacted, which, in turn, adversely affect the industries using metal packaging, thereby affecting the metal packaging market.
With nearly 98 billion units produced each year and four groups being consumed weekly by every EU citizen, Metal Packaging Europe (MPE) led the European producers of rigid metal packaging to recognize the metal packaging sector as essential in ensuring the uninterrupted flow of critical goods in the aftermath of COVID-19. Several beverage can manufacturers' expansion projects have helped the countries satisfy the rise in demand for metal cans in recent years. However, due to country-specific travel restrictions and safety concerns, there have been delays.
Moreover, multiple supply chain disruptions led to significant manufacturers to report setbacks. For instance, in May 2020, Ball Corporation announced delays in beverage packaging projects in Europe and Brazil due to the restrictions imposed by the COVID-19 pandemic.
The U.S. reported witnessing a surge in demand for processed foods like canned soups and vegetables during the outbreak of COVID-19, affecting the metal packaging across the food industry's supply chain.
Metal container manufacturers were required to speed up production, but the labor remained a challenge. Crown Holdings, announced to increase production in the U.S. across 2020. The pandemic added urgency to the effort. The company initiated 81 open production jobs at its 25 U.S. plants, in place of third production line being set up at a factory in Nichols, New York. Silgan Holdings has over 50 plants across the U.S. The company reported an increase in first-quarter earnings in 2020, partly due to a jump in demand for cans.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal packaging market analysis from 2020 to 2030 to identify the prevailing metal packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the metal packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global metal packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material
- Steel
- Aluminum
- Others
By Type
- Cans
- Caps and Closures
- Drums and Barrels
- Others
By Application
- Food
- Beverages
- Personal Care
- Health Care
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
- Italy
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Amcor plc
- Ardagh Group S.A
- Ball Corporation
- cpmc holdings ltd
- Crown Holdings Inc
- Greif Incorporated
- Metal Packaging Europe
- Silgan Holdings Inc
- Tata Steel
- Ton Yi Industrial
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: METAL PACKAGING MARKET, BY MATERIAL
CHAPTER 5: METAL PACKAGING MARKET, BY TYPE
CHAPTER 6: METAL PACKAGING MARKET, BY APPLICATION
CHAPTER 7: METAL PACKAGING MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Metal Packaging Market,' the metal packaging market was valued at $108.8 billion in 2020, and is estimated to reach $147.4 billion by 2030, growing at a CAGR of 3.1% from 2021 to 2030.Metal packaging, which comprises of aluminum or steel, is a clever packaging solution that is utilized in a variety of industries, wholesale and retail sectors, and other commercial sectors. Metal packaging has a proven safety and sustainability record, and it helps to safeguard and preserve items from spoilage. Steel and aluminum-based metal containers are believed to be more environmentally friendly than other materials. Furthermore, these raw materials are 100% recyclable and have multi-recyclable properties with little or no degradation in packing material quality. These two basic materials can be used to make packaging in a range of sizes and forms for a variety of industries, including food and beverage, medicines, chemicals, and personal care goods, and others.
Metal-based packages are easily molded using the latest technology, lids that can be easily opened using advanced machines, and various surface designs with higher airtightness and strength. Its property of being moldable is one of the major drivers of the global metal packaging market. The rapid increase in demand for canned foods, prepared foods, and carbonated and non-carbonated beverages is expected to have a significant positive impact on the target market. In addition, increase in adoption of barrels and drums in various industries, such as paints and coatings and chemical, is expected to boost the growth of the global metal packaging market.
However, growing environmental concerns associated with the recycling of metallic materials and the introduction of high density polyethylene (HDPE) and polyethylene terephthalate (PET) bottles are factors that are expected to challenge revenue growth in the global market. The main trend observed in the global metal packaging market is the development of resalable cans and containers that can be used in microwaves to help manufacturers meet the consumer demand for metal packaging and compete in the global market. The focus is on production. In addition, various manufacturers rely on thinner walls and environment-friendly and cost-effective coatings.
The metal packaging market is segmented into type, material, application, and region. Depending on type, the market is categorized into cans, caps & closure, barrels & drums, and others. Depending on raw material use, it is fragmented into steel, aluminum, and others. By application, it is classified into food, beverage, healthcare, personal care, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global metal packaging market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Alcoa Incorporated, Amcor Ltd., Ardagh Group, Ball Corporation, CPMC Holdings Ltd., Crown Holdings, Greif Incorporated, Silgan Holdings, Tata Steel, and Ton Yi Industrial.
The global metal packaging market is analyzed in accordance with impacts of drivers, restraints, and opportunities. The period studied in this report is 2020-2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
Key findings of the Study
- By type, the can segment emerged as the global leader with around 61.6% of the global market share in 2020, and is anticipated to be the largest markets during the forecast period.
- By raw materials use, the steel segment registered the highest market share of around 62.9%, and is projected to maintain the same during the forecast period.
- By application, the food segment registered the highest market share of around 43.2%, and is projected to maintain the same during the forecast period.
- Region-wise, Europe registered the highest market share of around 38.4%, and is projected to maintain the same during the forecast period.
IMPACT OF COVID-19 ON METAL PACKAGING MARKET
- The COVID-19 pandemic is rapidly spreading and ruthlessly affects the business environments of major markets. The demand for metal packaging is witnessing significant decline in all segments. Some regions, particularly, North America and Europe, witness greater decline than Asia-Pacific. Amidst the ongoing crisis, metal packaging producers are operating at a lower capacity and are planning to scale up their operation after carefully assessing the course of COVID-19 in the near term.
- Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using metal packaging, thereby affecting the metal packaging market.
- With nearly 98 billion units produced each year and four groups being consumed weekly by every EU citizen, Metal Packaging Europe (MPE) led the European producers of rigid metal packaging to recognize the metal packaging sector as essential in ensuring the uninterrupted flow of critical goods in the aftermath of COVID-19. Several beverage can manufacturers' expansion projects have helped the countries satisfy the rise in demand for metal cans in recent years. However, due to country-specific travel restrictions and safety concerns, there have been delays.
The U.S. reported a surge in demand for processed foods such as canned soups and vegetables during the outbreak of COVID-19, affecting the metal packaging across the food industry's supply chain.
Metal container manufacturers were required to speed up production, but the labor remained a challenge. Crown Holdings, announced to increase production in the U.S. across 2020. The pandemic added urgency to the effort. The company initiated 81 open production jobs at its 25 U.S. plants, in place of third production line being set up at a factory in Nichols, New York. Silgan Holdings has over 50 plants across the U.S. The company reported an increase in first-quarter earnings in 2020, partly due to a jump in demand for cans.
Companies Mentioned
- Amcor plc
- Ardagh Group S.A
- Ball Corporation
- cpmc holdings ltd
- Crown Holdings Inc
- Greif Incorporated
- Metal Packaging Europe
- Silgan Holdings Inc
- Tata Steel
- Ton Yi Industrial
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 360 |
| Published | April 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 108.8 billion |
| Forecasted Market Value ( USD | $ 147.4 billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
