Description
The global Metal Packaging market estimated at US$165.9 billion in the year 2024 is now projected to grow at a CAGR of 5.75% and reach US$225.5 billion by 2030.
The research report provides a comprehensive review of market trends, market growth drivers, PEST Analysis, Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market.
The report provides market estimates and forecast for geographic markets such as the North America (US, Canada, Mexico and Rest of North America), South America (Brazil, Argentina and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Norway, Switzerland, Denmark and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel and Rest of Middle East) & Africa.
North American metal packaging market is expected to grow significantly over the forecast period. The highly developed infrastructure of the packaging industry and its subsequent recycling industry is supporting the growth of metal cans in the regional market. Additionally, the presence of manufacturers such as Crown Holdings Inc., Bail Corporation, and BWAY Corporation among others is supporting the growth of the market. The continuous strategic efforts by these packaging manufacturers for the development of sustainable packaging solutions along with their increased profitability are further supporting the regional market growth. U.S. contributed around 78% of the total North American metal packaging market and is estimated to have a market value of US$5.56 billion in the year 2024.
Asia-Pacific metal packaging market is anticipated to witness an upsurge owing to the rapid urbanization and industrialization in the region. The easy availability and production of raw materials in the major economies of the region including China, Japan and India is the major driving factor of the regional market growth. China is expected to dominate the Asia-Pacific market and reach a market size of US$4.75 billion by 2030.
Within Europe, Germany, Italy, Spain and France are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 4.93% over the forecast period.
Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing nations such as Qatar, U.A.E, Saudi Arabia and Oman due to a similar growth pattern as the APAC.
Key players profiled in the report include Amcor plc; Anheuser-Busch Companies Inc.; Ardagh Group; Ball Corp.; BWAY Corp.; Can-Pack S. A.; CPMC Holdings Limited; Crown Holdings Inc.; Daiwa Can Company; Greif Inc.; Hildering Packaging BV; Hoe Chong Tin Pte. Ltd.; Metal Container Corp.; Metal Packaging Europe; Orora Limited; Pirlo GmbH & Co KG; Silgan Holdings Inc.; Sonoco Products Company; Stebler Packaging AG; Tata Steel Packaging; Tecnocap S.p.A; The Envases Universales Group; The Massilly Group; Ton Yi Industrial Corp and Toyo Seikan Group Holdings Ltd., among others.