The global metal packaging market size was valued at $143.06 billion in 2022 and is projected to grow from $146.70 billion in 2023 to $181.49 billion by 2030, exhibiting a CAGR of 3.09% during the forecast period, according to a report by Fortune Business Insights.

Metal packaging is the packaging solution offered to varied end-use industries with the usage of aluminium and steel. 

The properties such as recyclability, high density, mechanical durability, toughness, and high thermal conductivity improve its use in various applications. 

Metal packaging helps to restrict sunlight and keeps the product safe; hence, an increase in demand is anticipated to drive market growth.

List of Key Players Present in the Metal Packaging Market Report:

• Ball Corporation (U.S.)
• Crown Holdings Inc. (U.S.)
• Silgan Holdings (U.S.)
• Amcor Limited (Australia)
• Ardagh Group SA (Europe)
• Tata Steel (India)
• Toyo Seikan Group Holdings Inc. (Japan)
• Grief Incorporated (U.S.)
• Ton Yi Industrial (China)
• Can-Pack SA (Netherlands)
• CCL Containers (U.S.)
• Sonoco Products Company (U.S.)
• Mauser Packaging Solutions (U.S.)
• Tubex GmbH (Germany)
• DS Containers Inc. (U.S.)

Aluminium Dominates the Market Share Owing to Significant Benefits of the Material

On the basis of material, the market is divided into steel and aluminium. Aluminium dominates the market share. 

The material consists of properties, such as corrosion-resistant, lightweight, and non-toxic, which increase its usage in several end-use industries. Thus, these factors are expected to propel the metal packaging market growth.

Containers & Cans Segment Holds the Highest Share Due to their High Usage in FMCG Products

According to product type, the market is segregated into containers & cans, bottles & jars, caps & closures, tins, barrels & drums, and others. 

The containers & cans segment leads the market owing to the surge in demand from end-use industries such as personal care, food and beverages, and household due to their recyclable and versatile properties.

Food & Beverages Leads the Market Owing to Increasing Demand for Metal Packaging in the Food Industry

As per end user, the market is segmented into food & beverages, personal care & cosmetics, pharmaceuticals, paints & varnishes, household, and others. The increasing demand for packaged and processed food products due to the changing lifestyle trends is the key factor propelling the growth of the food & beverages segment.

Geographically, the market is analysed across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.