Global Metal Packaging Market (2020-2026) | Companies, Analysis, Size, Revenue, Trends, Growth, Outlook, Forecast, industry & COVID-19 IMPACT

Latest 2023 Developments of the Global Metal Packaging Market

The Global Metal Packaging Market is growing and many factors have been contributing to the success of the sector. Many developments are taking place in the sector which includes the rising demand for sustainable packaging, the rising pharmaceutical sector, advancements in technology, mergers and acquisitions, and a rising focus on safety and hygiene. There is no doubt that the Global Metal Packaging Industry is witnessing a trend towards eco-friendly and sustainable packaging alternatives. There is a rising demand for packaging which is reused, biodegraded, and recycled since people are becoming environmentally conscious. Technological advancement is allowing the development of innovative packaging solutions. For instance, the usage of thin-wall packaging technology is successfully leading to efficient and lighter metal packaging products.

The demand for beverages and canned food is propelling owing to the longer shelf life and convenience which these products offered. It is helping in stimulating the Global Metal Packaging Market Share. The pharmaceutical sector is the major consumer of metal packaging items, specifically for the packaging of medical devices and drugs. The demand for pharmaceutical items is projected to rise as the population across the world is growing. Since the companies in the market looking to increase their product portfolios as well as geographic reach, the sector is witnessing many mergers and acquisitions. 

GlobalMetal Packaging Market Synopsis

The global metal packaging market is expected to witness growth due to the growing demand for the processed and packaged foods industry. The change in lifestyle and spending pattern, and increasing consumption of alcoholic and non-alcoholic beverages has boosted the industry. Pharmaceuticals, the cosmetic industry, and industrial chemicals have increased the use of metal for packaging. The recycling attribute of the metals has allowed it to get an edge over other substitutes used for packaging. Advancements in packaging technology, which aids in offering metal cans with improved functional and storage features, have also been a major factor triggering the market growth. However, the growth of the market might be hindered by factors such as environment-related issues regarding steel mining, and the adoption of high-density polyethene (HDPE) and polyethene terephthalate (PET) bottles. The recent outbreak of COVID-19 made the industry suffer a hit as non-food and premium good packaging, and the cosmetic industry witnessed a downfall considering consumers started to cut on their spending.

According to 6Wresearch, the Global Metal Packaging Market size is anticipated to register growth during 2020-2026. North America is the largest market for metal packaging followed by Europe and Asia-Pacific. The fast-paced lifestyle is leading to convenience packaging. The U.S. is a major contributor to the North America metal packaging market due to its high dependency on canned foods and beverages. Additionally, Asia-Pacific is the fastest-growing segment, which presents huge growth opportunities for soft drink manufacturers. The rising preference for packed food, ready-to-eat food, and alcohol, accompanied by better and safer packaging is creating possibilities. The personal care segment and demand for youth-centric cosmetic products have potential growth opportunities in the market. The increased investment in aerosol to provide superior quality products can be further a boost for the industry. Furthermore, the technological advancements in the metal packaging industry are expected to give a boost to the industry.

Based on verticals, the market has been segmented into food & beverages, healthcare, personal care, chemical, and others. The segmentation of products can be done into cans & drums & barrels, caps, and closures. The food & beverages segment held the largest market share of the global metal packaging market due to the various properties of the metal. It extends the shelf life of food & beverage products and delivers protection against light, oxygen, and bacteria. In recent times pharmaceuticals are witnessing a rise considering the current situation of the pandemic. The ongoing efforts of the government to ban plastic completely due to environmental concerns forecast the increasing demand for metal packaging.

The Global metal packaging market report thoroughly covers the market by types, verticals, and regions including North America, Latin America, Europe, Asia Pacific, and the Global and Africa, and key Regions. The Global metal packaging market outlook report provides an unbiased and detailed analysis of the ongoing Global metal packaging market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The global metal packaging market is projected to witness substantial growth during the forecast period 2020-26F on the back of the rising consumption of canned seafood especially in the Europe region due to its long shelf life and convenience food.  Additionally, the covid 19 outbreak has no doubt is leaving a positive impact by generating high product sales in the market owing to the increased awareness and health concerns where canned food is attributed as fresh and more hygienic compared to local food simultaneously metal packaging is gaining traction and act as a catalyst for the growth of the metal packaging market in the upcoming six years. 

Global Metal Packaging Market: Key Players

The sector is constantly growing and making progress attributed to the way it works. Companies operating in the sector play a crucial role in the success of the market. Some of the essential key players supporting the Global Metal Packaging Market Growth are Ball Corporation, Crown Holdings Inc., Ardagh Group, Silgan Holdings Inc., Toyo Seikan Group Holdings, Ltd, and CPMC Holdings Limited. These companies have been adding value to the market as they work in the most efficient manner to deliver the best packaging solutions to their consumers. These players will rise more in the future since they work effectively to meet the needs of their consumers. 

Key Highlights of The Reports

• Global Metal Packaging Market Outlook
• Global Metal Packaging Market Overview
• Global Metal Packaging Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Metal Packaging Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End User
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Material
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Metal Packaging Market
• Market Drivers and Restraints
• Global Metal Packaging Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Metal Packaging Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Product Type:

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

By End User:

• Food
• Beverage
• Healthcare
• Personal Care
• Others

By Material:

• Steel
• Aluminum
• Others

By Regions:

• Asia Pacific
• Latin America
• Middle East
• Africa
• North America
• Europe

Global Metal Packaging Market: FAQs