Metal Packaging Market Key Highlights:
- Market Size (2024): USD 124.55 Billion
- Projected Market Size (2034): USD 165.77 Billion
- CAGR (2024-2034): 2.9%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Metal Packaging Market Definition
The metal packaging market involves manufacturing and distributing metal packaging to several industries. Metal containers or cans have diverse applications in food and beverage, chemical and paint, and cosmetic sectors. The rapidly expanding growth of these sectors and the demand for sustainable packaging potentiate the market.
Metal packaging comprises aluminum, stainless steel, and tin alone or in combination. Out of these, steel is expected to further boost the market in the coming years, owing to its exceptional properties like strength, adaptability, and recyclability. Steel also offers strong resistance against physical damage, protecting food, beverages, and other materials.
The high production and raw material costs of metals hinder the metal packaging market. The market growth is also hampered due to its heavy weight which eventually increases the transportation cost. However, the latest technologies like the Internet of Things (IoT) and artificial intelligence aid in producing smart metal cans or containers with improved properties. IoT enables supply chain improvement and product tracking. It also enhances customer experience and the overall brand value of the company.
• Ball Corporation, a leading provider of metal packaging, reported strong growth with $707 million in net earnings of full-year 2023.
Metal Packaging Market Segmentation:
By Product Type
- Cans
- Drums
- Aerosol Cans
- Pails
- Intermediate Bulk Containers
- Others
By Material Type
By End-Use
- Food and Beverage Industry
- Chemicals
- Automotive
- Pharmaceutical & Healthcare
- Cosmetics & Personal care
- Building & Construction
- Other End Use
Metal Packaging Market Companies:
- Ball Corporation
- Ardagh Group
- Amcor Plc
- CCL Industries Inc.
- CPMC Holdings Ltd.
- Silgan Holdings
- Greif Inc.
- Chicago Steel Container Corporation (Stavig Industries East LLC)
- ArcelorMittal S.A.
- Crown Holdings
- Toyo Seikan Group Holdings Ltd
- Kian Joo Can Factory Berhad
- Independent Can Company
- Berlin Packaging Company
- Mauser Packaging Solutions
- Nampak Ltd
- Montebello Packaging Inc
- Balmer Lawrie & Co. Ltd.
- HUBER Packaging Group GmbH
- NCI Packaging
- Great Western Containers Inc.
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