Metal Packaging Market by Material (Aluminum, Steel), by Product Type (Containers & Cans, Bottles & Jars, Caps & Closures, Tins, Barrels & Drums, Others), by End Use (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Paints & Varnishes, Household, Others), by North America (U.S., Canada), by Europe (Germany, France, U.K., Italy, Spain, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa) Forecast 2025-2033
The Metal Packaging Market size was valued at USD 146.70 USD Billion in 2023 and is projected to reach USD 183.63 USD Billion by 2032, exhibiting a CAGR of 3.26 % during the forecast period. Metal packaging involves the use of metallic materials to encase or protect other products so as to preserve them or make them last longer. This form or packaging is commonly used in all sectors of industry like food and beverages, medicinal, and so on. Some of the most typical types of packages that are made out of metal are cans, tins, drums and aerosols. There are basically two types of material used in Metal packaging in large quantity: aluminum or steel because they are strong, and it is easy to recycle that material doesn’t get corroded easily. The benefits of metal packaging are manifold: It gives a good defense from the external environment, helps longevity of the product, and allows for high recyclability, which has a positive impact on the environment. Current market trends include tendencies to use lightweight materials and designs with sophisticated printing methods to promote branding, and more concentrated attempts at environmentally friendly practices including the use of recycled paper and minimal use of packaging material.
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November 2022: Trivium Packaging introduces a new aluminum bottle packaging segment for edible oils.
July 2022: Novelis launches Evercycle Cosmetics, a certified and 100% recycled aluminum solution for the cosmetic packaging market.
September 2021: Eviosys establishes itself as Europe's largest aluminum and steel food packaging manufacturer.
August 2021: Ardagh Metal Packaging S.A. and Gores Holdings V complete their business combination, resulting in Ardagh Metal Packaging S.A. being listed on the New York Stock Exchange.
June 2021: Emballator Metal Group unveils a lighter and more optimized packaging solution with reduced carbon footprint.
May 2021: Ball Corporation launches its fully recyclable aluminum cup at retailers and online platforms.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.26% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.26% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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