Metal Packaging Market: Global Size, Share, Trends, Growth and Forecast Year to 2032
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- Status : Published
- Published on: Nov 2021
- Report ID: KDMI-1717
- Available Format: PDF/Excel/DOC
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Metal Packaging Market: Overview and Definition
The global metal packaging market is expected to grow from USD 140.8 billion in 2021 to USD 258.1 billion in 2032, at a growth rate of 4.5% during the forecast period 2022-2032. Metal based packaging materials provide excellent barrier properties and hence, being used widely in numerous applications including household & industrial, food & beverage, health & beauty and more. Their safety, easier segregation and recyclability have made them one of the ideal choices in packaging applications. Metal packaging materials are capable and are impermeable, can also protects contents from light, air, gases, fragrances, oils and fluids. It’s also impacts resistant, puncture resistant and unbreakable in the supply chain.
The metal packaging market is a growing industry that encompasses a wide range of products such as cans, containers, and closures made from various metals such as aluminum, steel, and tinplate. The market is driven by the increasing demand for sustainable packaging solutions and the growing popularity of metal packaging in various industries, including food and beverages, healthcare, and personal care. The Asia-Pacific region is the largest market for metal packaging, followed by Europe and North America. The industry is expected to continue to grow in the coming years due to the increasing demand for metal packaging from emerging economies and the rising focus on recyclable and eco-friendly packaging materials.
Metal Packaging Market: Key Drivers
There are several key drivers that are fueling the growth of the metal packaging market:
Sustainable Packaging Solutions: Consumers are increasingly demanding sustainable packaging solutions that are recyclable, reusable, and environmentally friendly. Metal packaging, with its high recyclability and durability, is a popular choice for companies looking to meet these demands.
Growing Popularity of Metal Packaging: Metal packaging is becoming more popular in various industries, including food and beverages, healthcare, and personal care, due to its ability to preserve product quality, increase shelf life, and provide a premium look and feel.
Emerging Economies: The metal packaging market is seeing significant growth in emerging economies, such as China, India, and Brazil, as these countries continue to experience rapid economic development and increasing urbanization.
Shift towards Lightweight Materials: There is a growing trend towards using lightweight materials in packaging to reduce transportation costs and increase sustainability. Metal packaging, such as aluminum cans and thin-walled steel containers, offer a lightweight and durable solution.
Technological Advancements: Advancements in technology are allowing for new and innovative metal packaging designs and production methods, which is driving demand for metal packaging in new markets and industries.
Growing Environmental Concerns
Industries across the globe are initiating various activities to reduce pollution and ensuring their minimum possible participation in rising pollution. Companies are strongly focusing on packaging parts to avoid use of any environment threating material such as plastic and others. Metal packaging materials such as aluminum, coated plates (tinplate, tin-free steel, polymer-coated and steels) and stainless-steel plates are known for their recyclability and thus are being used in range of industries. Governments are also implementing various regulations and norms to reduce the consumption of plastic and to promote ecofriendly packaging materials. Governments in countries like South Africa, Uganda, Somalia, Rwanda Botswana, Kenya & Ethiopia all have implemented complete ban over the usage of plastic bags and others have encouraged the use of metal packaging in these countries. Over the last decade, the packaging industry has witnessed a massive transformation, owing to the increasing demand for eco-friendly packaging. Rising consumer awareness coupled with the growing environmental concern has resulted in the transformation of the manufacturing process of the metal packaging products and their supply chain across the world. Moreover, the increasing manufactures of metal packaging with high-end user products is also fueling the growth of metal packaging market.
Trend for Packaging Waste Reduction
The waste created by non-recyclable causes various harmful effect on the environment such as landfill issues, soil pollution and loss in soil fertility. This over produced packaging waste can be reduced by using recyclable packaging methods, as recyclable packaging materials such as metal packaging degrades easily and quickly in a few days or weeks and thus, usually does not require the help of an external catalyst for degradation. These benefits of metal packaging are the key drivers for the growth of metal packaging market.
Metal Packaging Market: Challenges
While the metal packaging market is growing, there are also several challenges that the industry is facing:
Cost: Metal packaging can be more expensive than other materials, such as plastic, which can make it less accessible to small and medium-sized businesses.
Competition from Other Materials: While metal packaging is a popular choice in many industries, it faces competition from other materials, such as plastic, which may be cheaper or offer different benefits.
Environmental Concerns: While metal packaging is generally more sustainable than other materials, concerns have been raised about the environmental impact of the mining and production processes needed to create metal packaging.
Changing Consumer Preferences: As consumer preferences and trends evolve, the metal packaging industry may need to adapt to meet changing demands.
Regulatory Pressures: The metal packaging industry is subject to various regulations, including food safety and environmental regulations, which can add to the cost and complexity of production.
Metal Packaging Market : Report Scope
Base Year Market Size
Forecast Year Market Size
Metal Packaging Market: Segmentation
The research offers a comprehensive analysis of metal packaging market with respect to following sub-markets:
- Barrels & Drums
- Caps & Closures
- Food & Beverage
- Personal Care
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Metal Packaging Market: Regional Synopsis
The metal packaging market is a global industry that is seeing growth in various regions:
Asia-Pacific: The Asia-Pacific region is the largest market for metal packaging, driven by the increasing demand for packaged food and beverages in countries such as China, India, and Japan. The region is also seeing growth in the healthcare and personal care industries.
Europe: Europe is a mature market for metal packaging, with a focus on sustainability and environmental concerns driving demand for recyclable packaging solutions. The region is also seeing growth in the healthcare and personal care industries.
North America: North America is a significant market for metal packaging, driven by the popularity of canned food and beverages. The region is also seeing growth in the healthcare and personal care industries.
Latin America: The metal packaging market in Latin America is growing, driven by the increasing demand for packaged food and beverages in countries such as Brazil and Mexico. The region is also seeing growth in the personal care industry.
Middle East & Africa: The metal packaging market in the Middle East and Africa is seeing growth, driven by the increasing demand for packaged food and beverages in countries such as Saudi Arabia and South Africa. The region is also seeing growth in the healthcare and personal care industries.
Metal Packaging Market: Recent Developments
Here are some recent developments in the metal packaging market:
Technological Advancements: Metal packaging manufacturers are investing in new technologies such as 3D printing, automation, and robotics to improve production efficiency and create new and innovative packaging designs.
Sustainable Packaging Solutions: The trend towards sustainable packaging continues to drive innovation in the metal packaging market. Manufacturers are developing new recyclable and reusable metal packaging solutions to meet consumer demands for eco-friendly packaging.
Industry Consolidation: The metal packaging industry has seen several mergers and acquisitions in recent years as companies seek to expand their product offerings and gain a competitive edge in the market.
Metal Substitution: Manufacturers are exploring the use of alternative metals, such as titanium and magnesium, to reduce costs and improve sustainability in metal packaging production.
COVID-19 Impact: The COVID-19 pandemic has had a significant impact on the metal packaging market, with disruptions in supply chains and changes in consumer behavior leading to shifts in demand for specific types of metal packaging products.
Metal Packaging Market: Key Players
- Alcoa Corporation
- Ball Corporation
- Emballator Metal Group
- Tata Steel
- CPMC Holdings Ltd.
- Manaksia Group
- Ton Yi International
- Crown Holdings Incorporated
- Silgan Holdings
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