Metal Packaging Market: 2021 Industry is expected to reach of USD 150.69 billion, at a CAGR of 3.36% Forecast by 2025

Market Overview 

Market Research Future (MRFR) expects the Metal Packaging Market 2020 to reach a size of USD 150.69 billion by 2025. The market is all set to progress at a rate of 3.36% between 2019 and 2025 (appraisal period). We will provide covid-19 impact analysis with the report. The COVID-19 research on the metal packaging market offers an in-depth analysis post the coronavirus disease outbreak.

COVID-19 Analysis

COVID-19 outbreak has led to significant revenue loss for the metal packaging market, given the economic crisis and the ceasing of manufacturing activities. Therefore, the shutdown of processes and activities due to the lockdown has resulted in the demand for packaging plummeting at a rapid speed across the globe, in line with the COVID-19 impact.

However, the balance has been somewhat restored by the industrial customers who have stockpiled intermediate bulk containers as well as drums, leading to a provisional need. Packaging for food and pharmaceutical industries continue to note substantial demand, providing some respite to the market post SARS-CoV-2. The escalating use of corrugated packaging for e-commerce and grocery deliveries can also counterbalance the pandemic induced loss in the market.

Also, post the outbreak of novel coronavirus, the demand for metal packaging has noted a rebound in multiple industries, such as personal care, chemical, and food & beverages, which can be a lucrative opportunity for the market during these times.

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Growth Inducers and Main Barriers 

Metal packaging has emerged as one of the most versatile commodities in commercial, retail, industrial and wholesale sectors. Two of the most commonly deployed metals in rigid metal packaging are aluminum and steel. Metal packaging has witnessed strong demand in the food & beverage sector in recent years, given its ability preserve potables and edibles from pathogens. Longer shelf life and nutrition intactness of the product are some of the properties of metal packaging that boosts its demand in the industry.

The boom in the demand for metal-based products in the healthcare sector, such as tablet wrappers, ointment tubes, metal sterilizers, trays, and others also presents the market with significant opportunities. The escalating demand for youth-centric products has boosted the use of three-piece as well as two-piece aluminum cans to a large extent, benefitting the worldwide market.

Expanding worldwide population and the consequent surge in the demand for food has compelled manufacturers to explore new design as well as manufacturing technologies, which can work in favor of the market. For example, Ball Corporation has successfully changed people see aerosol cans using its ReAL aerosol container technology. This technology makes use of recycled aluminum for creating a metal alloy that boosts the container’s strength and the package integrity remains intact.

Market Segmentation 

The metal packaging market can be considered for material, type, as well as application.

The material-dependent segments include steel, aluminum, and more. In 2018, steel recorded the best growth in the market, while aluminum recorded the highest growth rate. The heightened demand for carbonated soft drinks, energy drinks and beer is the main reason for the high growth rate of the aluminum segment.

The types of metal packaging include caps & closures, drums & barrels, cans, and others. Cans type lead the global market, garnering high popularity in developing countries in light of the rising demand for beverages.

Metal packaging’s primary applications are personal care, food & beverages, healthcare, chemical, and others. The food & beverages application can be considered as the top segment in the market, as metal packaging helps boost the shelf life of the products and protects them from oxygen, bacteria as well as light.

Regional Insight 

The regions across which the metal packaging market is expected to maintain varying levels of growth include Europe, APAC or Asia Pacific, North America, and RoW or Rest of the world.

In 2018, while North America headed the global market, Europe and APAC held the second and third position respectively.

The growth of the North American market largely depends on factors like high intake of packaged food as well as beverages, particularly the hike in the consumption of canned vegetables and fruits. The prevalence of the ‘on-the-go’ lifestyle of the people also bolsters the market growth, especially in the United States (U.S), which is the most lucrative market in the region.

APAC, with the fastest expansion rate, is racing ahead on the back of growing number of soft drink manufacturers, and the increasing popularity of aerosol cans in cosmetics, automotive, household care and industrial sectors. Rising use of the latest production technologies combined with the mounting product innovation and launches also buoy the market position in the region. The burgeoning urban population and the escalating disposable income are also instrumental in pushing the demand for canned food products, which translates into substantial growth of the metal packaging market in the region.

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Leading Players 

Leading players listed in the study include HUBER Packaging Group GmbH (Germany), CPMC Holdings Limited (China), CAN-PACK SA (Poland), Crown Holdings Inc. (the US), Ball Corporation (US), Silgan Holdings Inc. (US), Ton YI Industrial Corporation (Taiwan), Ardagh Group (Ireland), and more.

In addition to the above mentioned players, the market also consists of companies like Toyo Seikan Group Holdings (Japan), Emballator Metal Group (Sweden), Greif Inc. (US), BWAY Corporation (US), Metal Packaging Europe (Belgium), to name a few.

Table of Content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

5 Global Metal Packaging Market, by Material

5.1 Introduction

5.2 Aluminum

5.2.1 Market Estimates & Forecast, 2019–2025

5.2.2 Market Estimates & Forecast, By Region, 2019–2025

5.3 Steel

5.3.1 Market Estimates & Forecast, 2019–2025

5.3.2 Market Estimates & Forecast, By Region, 2019–2025

5.4 Others

5.4.1 Market Estimates & Forecast, 2019–2025

5.4.2 Market Estimates & Forecast, By Region, 2019–2025

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