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Metal Packaging Market is expected to reach US$ 197.10 billion by 2030

The Global Metal Packaging Market size is projected to grow at a CAGR of 3.9% during 2022-2030, to surpass USD 197.10 billion by 2030, from US$ 145.52 billion in 2022.

By The Insight Partners

Growing Personal Care and Cosmetics Industry Drives Global Metal Packaging Market Growth

According to the latest market study on “Metal Packaging Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Type, End-Use Industry, and Geography," the metal packaging market size was valued at US$ 145.52 billion in 2022 and is expected to reach US$ 197.10 billion by 2030; it is estimated to register a CAGR of 3.9% from 2022 to 2030. The report highlights key factors driving the market growth and prominent players along with their developments in the market.

Metal packaging has many advantages, such as product protection, durability, and sustainability. Metal has good barrier properties to light, gases, and odors and withstands high temperatures. Metal is strong and protects the inside contents from damage. Aluminum and steel are considerably more durable than other packaging materials. Metal is made to last and to be reused multiple times. A few metal packaging product types are bottles, cans, caps and closures, drums, and tubes. Metal is highly used in food packaging. Nowadays, food and beverage cans make up most of the metal packaging. Metal packaging products also find application in end-use industries such as personal care, consumer goods, pharmaceuticals, paints & coatings, and automotive.

Global Metal Packaging Market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00012111

The major factors driving the growth of the global metal packaging market are the increasing demand for canned foods and beverages and the growing personal care and cosmetics industry. Changing consumer preferences contribute to the increased demand for on-the-go and ready-to-eat options such as canned food & beverages and packaged food products. In the region, the personal care and cosmetics industry constantly innovates and expands by offering a distinct range of cosmetics and specialized products for different skin types to cater to a wide range of consumer preferences. With this, the demand for metal packaging products is increasing. Further, the increasing use of recycled metals and post-consumer recycled materials is expected to offer lucrative opportunities for market growth.

Ball Corp, Crown Holdings Inc, Dayal Metal Containers Factory LLC, Saudi Can Co, Saudi Arabian Steel Can Manufacturing Co, Mahmood Saeed Beverage Cans & Ends Industry Co Ltd, Consolidated Can Manufacturing Co Ltd, Southern Can Making Co Ltd, ZND Metal Cans, and Tengeh Noor Canvas Industry Co are among the key players in the global metal packaging market.

Impact of COVID-19 Pandemic on Global Metal Packaging Market Growth

During the COVID-19 pandemic, chemical and materials manufacturing operations disruptions significantly impacted global supply chains and hindered product manufacturing activities, delivery schedules, and sales. Various chemicals and materials companies reported product delivery delays and sales slump in 2020. Moreover, restrictions on international travel imposed by governments of various European and Asia Pacific countries compelled manufacturers and suppliers to discontinue their business strategies, such as partnerships, temporarily. All these factors hampered many sectors during the pandemic and restrained the growth of the chemicals & materials industry. During the pandemic, supply chain disruptions, raw material and labor shortages, and operational difficulties created demand and supply gaps, adversely affecting the growth of the metal packaging market.

In 2020, supply chain shortages, increased labor costs, and high demand for raw materials resulted in price inflation of materials required in various regions of the food & beverage industry. In 2021, rising vaccination rates contributed to improvements in the overall conditions in different countries, which led to a conducive environment for automobile producers, construction, furniture, and aerospace industries. The developments in the metal packaging market were witnessed with the resumption of production and sales operations of companies operating in the automotive industry by the end of 2021.

The "Global Metal Packaging Market Analysis to 2030" is a specialized and in-depth study of the chemicals & materials industry, focusing on the global metal packaging market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The global metal packaging market is segmented on the basis of material, product type, and end-use industry. Based on material, the market is segmented into aluminum, steel, and others. Aluminum metal packaging is a versatile and widely utilized solution in packaging materials. Renowned for its lightweight nature, corrosion resistance, and recyclability, aluminum is an ideal choice for various packaging needs. Using aluminum in packaging reduces transportation costs due to its lightweight properties, making it an eco-friendly option. Based on product type, the market is segmented into bottles, cans, caps and closures, drums, tubes, and others. Metal packaging cans play a pivotal role in modern packaging, offering a robust and versatile solution for preserving and transporting various products such as food & beverage cans. These cans are durable, typically crafted from aluminum or steel, protecting contents from external elements, light, and air. Their hermetic seal ensures extended shelf life for food and beverages, maintaining product freshness and quality. Based on the end-use industry, the metal packaging market is segmented into food & beverages, personal care, consumer goods, pharmaceuticals, paints & coatings, automotive, and others. Metal packaging holds a significant and pervasive role in the food & beverages industry, offering a multitude of benefits that cater to both manufacturers and consumers. Steel and aluminum, commonly used metals in packaging, provide a robust shield against external elements such as light, air, and moisture, preserving the freshness and quality of food and beverages. This protective barrier is crucial in preventing contamination and spoilage, ensuring products reach consumers optimally. The versatility of metal packaging is evident in various forms, including cans, containers, and closures. Cans made from steel or aluminum are widely employed for packaging beverages such as soda, beer, and canned fruits or vegetables. Their durability and resistance to temperature variations make them ideal for storing carbonated and non-carbonated drinks. Metal containers, ranging from tinplate to aluminum, are utilized for diverse food products, from soups and sauces to pet food and ready-to-eat meals. The hermetic sealing properties of metal containers contribute to an extended shelf life, reducing food waste.

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