Between 2023 and 2033, the demand for metal containers is expected to grow at a CAGR of 6%. Furthermore, according to FMI’s analysis of the worldwide metal container industry, by the year 2033, the market may be worth US$ 223.7 billion altogether.
The metal containers market is experiencing steady growth due to its wide range of applications across various industries. Metal containers offer durability, strength, and resistance to external factors, making them ideal for packaging purposes. The food and beverage industry extensively uses metal containers to store and transport products securely.
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Additionally, the pharmaceutical and chemical sectors rely on metal containers to ensure the safe handling and storage of their goods. With increasing environmental concerns, metal containers are also gaining popularity as sustainable packaging options. The market is witnessing technological advancements, such as lightweight metal containers and innovative designs, further fueling its growth.
Packaging made of steel, aluminum, and tin is becoming more and more popular across the board in all sectors of the economy, from customers to product manufacturers to the packaging sector. Investments fostering innovations in this industry are predicted to increase along with the anticipated growth in demand for metal storage containers.
There has been an increasing demand for metal containers due to awareness regarding the importance of sanitary packaging in the food and beverages industry. Initially used only to pack canned foods, more outlets have begun using metal containers for packaging fresh foods due to their high barrier protection and eco-friendly conditions.
key points:
- Growing demand: The metal containers market is witnessing a steady increase in demand across various industries, including food and beverage, pharmaceutical, and chemical sectors.
- Durability and strength: Metal containers offer superior durability and strength compared to other packaging materials, ensuring the safe transportation and storage of goods.
- Resistance to external factors: Metal containers are highly resistant to external factors such as moisture, temperature variations, and impact, making them ideal for protecting sensitive products.
- Sustainability: With increasing environmental concerns, metal containers are gaining popularity as a sustainable packaging option due to their recyclability and long lifespan.
- Technological advancements: The market is experiencing innovations in lightweight metal containers and innovative designs, enhancing their efficiency and usability.
- Regulatory compliance: Metal containers meet stringent quality and safety regulations, making them a preferred choice for industries with strict compliance requirements.
- Global market reach: The metal containers market has a wide global reach, catering to both domestic and international markets, driven by increased trade and globalization.
- Customization options: Metal containers offer flexibility in terms of size, shape, and design, allowing businesses to customize packaging solutions according to their specific requirements.
- Cost-effective: Metal containers offer long-term cost savings due to their durability and reusability, reducing the need for frequent replacements.
- Brand differentiation: Metal containers provide a premium and sophisticated packaging solution, helping businesses differentiate their products and enhance their brand image.
Top Key Players Covered-
- Ball Corporation,
- Ardagh Group S.A.,
- CCL Industries Inc.,
- CPMC Holdings Ltd.
- Silgan Holdings Inc.
- Grief Inc.
- Toyo Seikan Co., Ltd.
- Crown Holdings, Inc.,,
- Mauser Packaging Solutions,
- Nampak Ltd.,
- Montebello Packaging Inc.
- Balmer Lawrie & Co. Ltd.
- HUBER Packaging Group GmbH
- NCI Packaging
- Great Western Containers Inc.
Food and beverages packed using metal containers last longer and the containers are recyclable, which makes it a profitable option in the long run. Using metal containers gets rid of the need for additional packaging because the containers are strong and durable.
Key Takeaways
- The metal containers market is expected to grow at 5.4% CAGR from 2022-2030
- The market is projected to reach a valuation of US$ 124.9 Bn by the end of 2022
- Among product types, the intermediate bulk containers segment is projected to account for over half of the market share by the end of the forecast period
Though a decrease in the market is projected in 2021-2022 due to the pandemic, rapid growth is predicted in 2023 onwards.
Regarding the metal containers market, an FMI analyst said, “Many industries are taking on the Green initiative, which benefits both the environment and the society. Metal containers are beneficial for the environment because of their reusable design. For instance, when a metal container is no longer useful, it can be easily recycled and turned into another metal container. They are a great investment to have for any heavy duty storage needs and can generally be sold fast.”
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COVID-19 Impact Analysis
The ongoing pandemic has negatively affected a lot of different sectors including the metal containers market. The decline in business of end-use industries has affected the demand and production of metal containers. The market is expected to see a downward drop during the 2020-2021 period but is projected to get back on track from 2022 onwards.
The need for well packaged items in the food and pharmaceutical industries has increased demand for metal containers. With people’s lifestyle changing to a more health and safety cautious one, the need for minimum error packages is high and will benefit the metal containers market.
Who Is Winning?
Some of the leading players in the metal containers industry are Ball Corporation, CCL Industries Inc., CPMC Holdings Ltd., Crown Holdings Inc., Mauser Packaging Solutions, Montebello Packaging Inc., HUBER Packaging Group GmbH and Great Western Containers Inc.
South and East Asia are expected to amass larger shares in the market. Increasing popularity of aluminum and tin packaging will be beneficial to the market economy. The market in Middle East and Africa is expected to grow due to the increasing use of metal containers in the chemical industry.
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Valuable Insights into Metal Containers Market
A recent study by Future Market Insights gives a detailed analysis of the metal containers market as well as assessment for the forecast period of 2022-2030. The global market is segmented in order to analyze in detail each and every aspect of the market.
The market is divided by product type as cans, drums, aerosol cans, pails, intermediate bulk containers and others. Based on the material type the market is divided into steel, aluminum and tin; and based on the end use it is divided into the food and beverage industry, chemicals, automotive, pharmaceutical and health, cosmetics and personal care, building and construction and other end use industries. Lastly the market is divided by the geographical region into North America, Latin America, Europe, Middle East and Africa, East Asia, South Asia and Oceania.
Key Segments Covered in Metal Containers Industry Research
Metal Containers Market by Product Type:
- Cans
- Drums
- Aerosol Cans
- Pails
- Intermediate Bulk Containers
- Others
Metal Containers Market by End-use:
- Food and Beverage Industry
- Chemicals
- Automotive
- Pharmaceutical & Healthcare
- Cosmetics & Personal Care
- Building & Construction
- Other End Use
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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.
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