Global Metal Packaging Market to Reach USD 227.2 Billion by 2033, Driven by Sustainability Demand in Food, Beverage, and Pharma Industries

The global metal packaging market is projected to grow from USD 152.9 billion in 2024 to USD 227.2 billion by 2033, registering a compound annual growth rate (CAGR) of 4.5% during the forecast period. This steady growth is mainly fueled by the rising demand for sustainable, recyclable, and durable packaging materials, especially across the food, beverage, and pharmaceutical industries.

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Metal packaging continues to be a popular choice due to its ability to protect products, extend shelf life, and maintain quality. Materials like aluminum and steel are 100% recyclable without losing strength, making them ideal for companies aiming to reduce environmental impact.

In a major step forward, Coca-Cola announced in 2023 its plan to use 100% recycled aluminum in its cans by 2030 through a partnership with Novelis. Similarly, in early 2024, Crown Holdings invested $130 million to boost aluminum can production in North America, signaling strong demand from beverage companies.

The food and beverage sector remains the largest consumer of metal packaging, accounting for about 44% of the total market. This trend is supported by growing consumer interest in eco-friendly packaging and a global push to reduce plastic use. The market is also seeing growth in demand for aluminum containers that are lightweight and resistant to corrosion.

In addition, companies are exploring new packaging designs to enhance product appeal and visibility on store shelves, which further drives adoption of metal-based solutions. These efforts are especially strong in the beverage sector, where soft drinks and energy drinks are increasingly sold in metal cans.

The pharmaceutical industry is expected to be the fastest-growing segment in the metal packaging market. This is driven by a rising need for safe, tamper-proof packaging for drugs and healthcare products. Metal offers strong protection from moisture, light, and contamination-key requirements for maintaining the effectiveness of medicines.

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Despite the positive outlook, the industry faces challenges. Fluctuating raw material costs-particularly aluminum and steel-pose a risk to manufacturers. Prices of these metals have been affected by energy shortages, international trade disruptions, and political conflicts, such as the Russia-Ukraine war. For example, the World Bank reported a 40% rise in global aluminum prices between 2020 and 2022. These price swings, combined with supply chain delays, can slow production and may encourage some companies to consider alternative packaging materials like plastic or glass.

Nevertheless, the long-term prospects for metal packaging remain strong. The demand for sustainable and recyclable solutions is growing worldwide, and companies are increasingly aligning their packaging choices with environmental goals. With expanding applications in both food and pharmaceuticals and continued innovation in packaging design, the metal packaging market is set for solid growth in the years to come.

Metal Packaging Market Top Companies and Competitive Landscape

Market competition in the metal packaging industry is characterized by the presence of both global and regional players such as Crown Holdings Inc., Ball Corporation, Ardagh Group SA, Amcor Limited, and Silgan Holdings. The global metal packaging market is moderately fragmented, with high competition induced by sustainability requirements, innovation, and expansion initiatives.

Major players are aggressively pursuing growth strategies like new product launches, acquisitions, partnerships, and technology advancements to boost their market share. In February 2025, Tata Steel UK launched its 'Electrifying Packaging Steel' campaign at events in London and Birmingham. The initiative underscores the company's commitment to decarbonizing steel production and promoting sustainable packaging solutions.

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Metal Packaging Market Leaders

Crown Holdings Inc.

Ball Corporation

Silgan Holdings

Ardagh Group SA

Amcor Limited

Tata Steel

Grief Incorporated

Toyo Seikan Group Holdings Inc.

Ton Yi Industrial

CCL Containers

Can-Pack SA

DS Containers Inc.

Sonoco Products Company

Tubex GmbH

Mauser Packaging Solutions

Metal Packaging Market Market Segmentation Analysis

Material Outlook (Revenue, USD Billion, 2021-2033)

Steel

Aluminum

Product Type Outlook (Revenue, USD Billion, 2021-2033)

Containers & Cans

Caps & Closures

Bottles & Jars

Barrels & Drums

Tins

Others

End Use Outlook (Revenue, USD Billion, 2021-2033)

Food & Beverages

Pharmaceuticals

Personal Care & Cosmetics

Household

Paints & Varnishes

Others

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About the Report

This press release is based on market insights covering the global metal packaging industry trends, drivers, challenges, and segment outlook through 2033.

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