Metal Packaging Market Size, Share, Growth Report 2032

Metal Packaging Market

Metal Packaging Market (Cans, Barrels & Drums, Caps & Closures And Others) For Beverages, Food, Personal Care, Healthcare And Other Applications: Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020-2028

Category: Packaging Report Format : PDF Pages: 180 Report Code: ZMR-2569 Published Date: Jul-2021 Status : Published

The global Metal Packaging Market accounted for $134.38 Bn in 2020 and is expected to reach $164.10 Bn by 2028, growing at a CAGR of 2.5% between 2021 and 2028.

Metal Packaging Market: Overview     

The global Metal Packaging Market accounted for USD 134.38 Billion in 2020 and is expected to reach USD 164.10 Billion by 2028, growing at a CAGR of around 2.5% between 2021 and 2028.   

The global rise in lifestyle and on-the-go income has enhanced the demand for canned beverages and food. Seasonal foods are served throughout the year thanks to canned foods. Almost half the harvested food is wasted within the world which may make available to customers throughout the year. The metal packaging market is primarily driven by the rising standards of living and increasing demand for the food and beverages market within the forecast period.

Moreover, rising urbanization and increasing packaged food consumption also are driving the expansion of the metal packaging market within the years to return. However, shifting preference toward plastic and versatile packaging and volatility in staple prices are expected to hinder the expansion of the metal packaging market in the years to return. Nonetheless, the e-commerce market and development and research in metal packaging manufacturing, materials, and style are likely to line the new opportunity in the market of metal packaging during the forecast period.

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COVID-19 Impact Analysis  

The COVID-19 outbreak has harmed the metal packaging market segment because the demand for metal packaging is linked to the GDP trend and therefore the level of production activity. Thus, the steep decline associated with COVID-19 lockdowns is leading to a decrease in the demand for packaging. However,  some segments, like the packaging for the pharmaceutical and food industries, still witness strong demand.  An increase in demand for corrugated packaging for grocery and e-commerce deliveries is additionally counterbalancing the demand lost in other segments. Several industries, like food & beverages, healthcare care, and chemical, are expected to witness a fast rebound in demand. The buyer purchasing power is predicted to remain low as businesses emerge only weakly from the pandemic crisis, and therefore the level of employment may suffer significantly.

Metal Packaging Market: Growth Factors

Metal packaging plays a key role in food preservation. This type of packaging plays important role in such a neighborhood of the planet where very low or no refrigeration is used for storing food. Metal packaging is employed to guard against any external influence on the foodstuff during storage and warmth treatment and as a sales and knowledge pack. Metal cans are used for several food contact applications, like coffee pots, and also as packaging and saucepans. Generally, aluminum and steel are largely utilized in metal packaging.

Report Scope:  

 

Type Segment Analysis Preview  

The Metal Packaging market is segmented into types, applications, and regions. Based on types, the metal packaging market is segmented into cans, barrels & drums, caps & closures, and others. Amongst all kinds of packaging materials, metal cans possess about 10% market share in 2017. Can have the most important market share of the metal packaging market and it's anticipated to be the market leader within the year's return. The Cans have dominated the market in 2016 and it's expected to be dominating over the forecast period.

Application Segment Analysis Preview  

Based on applications, the metal packaging market is segmented into beverages, food, care, healthcare, and other applications. The beverages segment accounted for around 30% market share in 2018 and it's anticipated to grow at a CAGR of 4% within the coming years. Rise in packaged food sales, increasing urbanization, increasing demand for aerosol products, increasing consumption of canned vegetables and foods, and rising demand for metal packaging within the alcohol industry. The personal care and cosmetics industry is expected to reinforce the expansion of the metal packaging market.

Metal Packaging Market: Regional Analysis Preview

Geographically, North America has been leading the worldwide Metal Packaging Market market and is anticipated to continue on the dominant position within the years to return. Asia Pacific market is the fastest-growing region and it's anticipated to be the fastest-growing region in coming years, due to the emerging economies like China and India, income, and rising lifestyle of individuals within the region. Europe accounted for around 32% share of the worldwide market.

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Metal Packaging Market: Key Players & Competitive Landscape

Some of the key players in the market are Crown Holdings, Amcor of Limited, CPMC, Ardagh Group, Bericap Group, Emballator Metal Group, Fujian Fuzhen Metal Packaging Co. Ltd., Alcoa Incorporated, Rexam Plc, Manaksia Group, Shetron Group, Silgan Holdings, Jamestrong Packaging, Ton Yi Industrial, Grief Incorporated, and GM Metal Packaging Ltd.

Global Metal Packaging Market Regional AnalysisRequest Free Sample

The global Metal Packaging Market is segmented as follows:

By Type

  • Cans
  • Barrels & Drums
  • Caps & Closures
  • Others

By Application

  • Beverages
  • Food
  • Personal Care
  • Healthcare
  • Others 

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The global Metal Packaging Market were valued at USD 134.38 Billion in 2020.

The global Metal Packaging Market is expected to reach USD 164.1 Billion by 2028, growing at a CAGR of 2,5% between 2021 to 2028.

Growing disposable income of consumers in Asia Pacific region coupled with the changing lifestyle of consumers is likely to be a major driver for the market. Metal packaging is used in a wide range of end-use industries including food & beverage, cosmetics, healthcare, and consumer goods. The tremendous growth of these end-use industries is anticipated to boost the market over the projected period.

North America has been leading the worldwide Metal Packaging Market and is anticipated to continue in the dominant position in the years to come.

Some of the key players in the market are Crown Holdings, Amcor of Limited, CPMC, Ardagh Group, Bericap Group, Emballator Metal Group, Fujian Fuzhen Metal Packaging Co. Ltd., Alcoa Incorporated, Rexam Plc, Manaksia Group, Shetron Group, Silgan Holdings, Jamestrong Packaging, Ton Yi Industrial, Grief Incorporated, and GM Metal Packaging Ltd.

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