According to the latest report by IMARC Group, titled “ Metal Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, ” offers a comprehensive analysis of the industry, which comprises insights on the market. The metal packaging market analysis report also includes competitor and regional analysis, and contemporary advances in the market. The global metal packaging market size reached US$ 158.7 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 188.4 Billion by 2028 , exhibiting a growth rate (CAGR) of 2.84% during 2023-2028 .
Metal Packaging Market Outlook:
Metal packaging involves the use of metal containers or packaging materials made primarily from metals such as steel or aluminum to protect, preserve, and transport products in various industries. Metal packaging is characterized by its excellent strength, durability, high recyclability, as well as versatility in design. It also features tamper-resistance and inherent barrier properties against moisture, light, and oxygen to protect and accommodate various products while ensuring their integrity and safety. Additionally, metal packaging includes features such as resealable closures or easy-open ends, offering convenience and ease of use for consumers.
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Global Metal Packaging Market Trends:
The market is primarily driven by the augmenting consumer demand for eco-friendly packaging options due to the rising emphasis on environmental sustainability. In line with this, the rapid product utilization to enhance the shelf appeal and to get a premium and attractive look to products is acting as a significant growth-inducing factor for the market. Moreover, the escalating demand for packaging materials that meet specific hygiene and quality regulations, particularly in the food and beverage industry is creating a positive market outlook. Furthermore, the growing popularity of e-commerce and online shopping is propelling the need for packaging materials that can withstand the rigors of transportation and ensure product integrity, thereby driving the market. Some of the other factors contributing to the market include rapid urbanization,
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Key Market Segmentation:
Competitive Landscape:
- Alcoa Corporation
- Amcor Plc
- ball Corporation
- Crown Holdings, Inc.
- Silgan Holdings Incorporated
- Greif Incorporated
- Ardagh Group SA
- Can-Pack SA
- Tubex Holding GmbH
- BWAY Corporation
- CPMC Holdings Limited
- Rexam Plc
- Ton YI Industrial Corporation
Breakup by Product Type:
- Cans
- Drums
- Metal Caps and Closures
- Bulk Containers
- Others
Breakup by Material:
- Steel
- Aluminum
- Others
Breakup by Application:
- Beverage packaging
- Food packaging
- Healthcare and Personal Care Products Packaging
- Cosmetic packaging
- Industrial Packaging
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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