Shining Horizons: Metal Packaging Market Anticipated to Reach US$ 178 Billion by 2032, Propelled by 3.6% CAGR

The Metal Packaging market's value, which reached around US$ 121 billion in 2021, is set to expand at a 3.6% CAGR, reaching approximately US$ 178 billion by 2032. Its growth is fueled by diverse industry applications like food and beverages, personal care, healthcare, and more. A notable shift towards eco-friendly options due to an increased desire for plastic-free alternatives and the demand for non-carcinogenic materials in packaging has catalyzed the market's progress.

Moreover, heightened consumer awareness and the quest for lightweight packaging solutions are bolstering the growth prospects of the metal cans sector, affirming its integral role in modern packaging.

Rising application of metal packaging solutions in food & beverages, personal care, healthcare, household & consumer, and industrial sectors is boosting the metal packaging market.  

One of the primary growth factors for the metal packaging market is demand metal packaging is essential for human civilization's long-term survival. Metal, being a permanent substance, preserves its qualities even after infinite recycling, drastically decreasing resource waste.  

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For packing purposes, metals such as aluminium are particularly easy to sterilise. It is a good choice for packing materials due to its durability and high barrier protection. Cans have been the most popular of all the metal packaging options.  

Metal cans have been used in a variety of packaging applications due to their ease of use and availability. Preference for small-size and multi-pack package forms will further drive the metal cans demand.  

There has been an increase in demand for mini-cans, particularly in India, China, and Japan. As a result, most beverage firms in the region provide mini cans, which often contain lower amounts of product and are less expensive than standard tinned goods.  

Metal packaging's recyclability is one of the key reasons likely to boost the global metal packaging market over the projected period. Due to their superior recycling infrastructure, aluminium and steel packaging materials are the two most durable raw materials for packaging. 

Key Takeaways from Metal Packaging Market   

Aluminium is the most used material segment for manufacturing metal packaging segment, and it holds a market share of almost 53% of the metal packaging market.  
Cans packaging segment will witness growth at a CAGR of 2.8% in the forecast period. 
The food and beverages segment is projected to foresee a remarkable CAGR 2.9% over the forecast period. Food and beverages market continues to grow rapidly, surpassing US$ 60.7 Bn in 2032. 
North America accounts for a substantial portion of the metal packaging market over the forecast period on the back of strict government rules and requirements. 

Metal Packaging Market Landscape 

Ball Corporation, Crown Holdings, Silgan Holdings, Ardagh Group, CPMC Holdings Ltd. Amcor Limited, Alcoa Corporation, Manaksia, Tata Steel Limited, Rexam plc, Greif, Inc. and Toyo Seikan Group Holdings, Ltd.  and others. 

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Metal Packaging Market Report 

Future Market Insights, in its new report, offers an unbiased analysis of the metal packaging market by material type (aluminium, steel, others (tin, iron)), product type (cans, drums & pails, aerosols, tubes & lids, barrels, trays & foils, caps & closure, pallets, bottles and jars, others), end use industry (food & beverages, personal care, healthcare, household & consumer, industrial) across seven regions. 

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Segments:

-By Material Type:

Aluminium Metal Packaging
Steel Metal Packaging
Others

-By End Use:

Food & Beverages
Personal Care
Healthcare
Household & Consumer
Industrial        

-By Packaging type:

Cans
Drums & Pails
Aerosols
Tubes & Lids
Barrels
Trays & Foils
Caps & Closure
Bottles & Jars
IBCs
Pallets
Others

-By Region:

North America
Latin America
Europe
Middle east and Africa
East Asia
South Asia
Oceania

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years

This release was published on openPR.