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Metal Packaging Market Size, Share & Industry Analysis, By Material (Aluminum and Steel), By Product Type (Containers & Cans, Bottles & Jars, Caps & Closures, Tins, Barrels & Drums, and Others), By End Use (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Paints & Varnishes, Household, and Others), and Regional Forecast, 2024-2032

Region : Global | Format: PDF | Report ID: FBI103867



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The global metal packaging market size was valued at USD 146.70 billion in 2023 and is projected to grow from USD 150.59 billion in 2024 to USD 194.68 billion by 2032, exhibiting a CAGR of 3.26% during the forecast period.

Metal packaging is the packaging solution offered to varied end-use industries with the usage of aluminum or steel. Significant properties such as high density, toughness, recyclability, mechanical durability, and high thermal conductivity enhance its use in several applications. It is a smart packaging solution that helps attract the majority of consumers and provides brands with a competitive edge. It also provides many design alternatives and incomparable performance throughout the supply chain, increasing global demand. Metal packaging ensures that the packaging is opaque and restricts sunlight from reaching the product, thus generating demand among varied industries such as food & beverages and personal care.

The sudden unavailability of labor and volatility in raw material prices noticed during the COVID-19 pandemic hampered market growth. However, the market is projected to grow with the increasing demand for canned food products during the post-pandemic era. The rising demand for cans & containers, and tins in personal care industries will also boost sales over the forecast period.

Metal Packaging Market Trends

Increasing Usage of Attractive Printing and Coating Emerges as a Key Market Trend

The growing usage of varied coatings and printing on metal packaging products has emerged as a major trend for market growth. Many companies offer protective coatings and paintings for metal products that attract consumers. Along with the ease of use and availability of different shapes & sizes, the introduction of attractive printing on metal cans, aerosols, and tins propels the demand for this type of packaging, thus driving the market growth. The use of eye-catching printing inks by manufacturers to build their brand image and appeal to most consumers is also emerging as a key trend for market growth.

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Metal Packaging Market Growth Factors

Growing Demand for Metal Packaging in Varied Industries Fosters Market Growth

Metal packaging is widely used in many industries, such as food & beverage, personal care & cosmetics, pharmaceuticals, and consumer goods. Rapid growth in these industries is projected to drive market growth. Increasing demand for convenience packaging due to health awareness, changing on-the-go lifestyle trends, and growing environmental awareness drives the global market growth. The growing demand for metal packaging from key companies for brand differentiation and attracting most customers also propels the market growth. Due to their longer shelf life, the extensive use of metals such as aluminum and steel for packaging food & beverage products also drives the market worldwide.

The packaging is also effective in protecting the food & beverage products inside the cans and tins. The augmenting demand for canned food products, ready-to-eat food, alcoholic & non-alcoholic beverages, and processed food also enhances the market growth. Moreover, with the changing lifestyles and growing disposable incomes, the personal care & paints industries have seen massive growth, thus generating demand for metal packaging. Heavy-duty metal containers such as IBCs, barrels & drums are in high demand, further contributing to the market growth.

Significant Properties of Metal Packaging Boost the Market Growth

The global market is witnessing massive growth due to its wide range of beneficial characteristics. Metal packaging prevents sunlight from reaching the products stored inside, as many products require dark packaging. The packaging also protects contents from getting damaged, and as the material is durable, it provides multiple-time use. The food & beverages, paint, and personal care industries use this type of packaging due to its cost-effective and highly-efficient properties, thus leading to rapid market growth.

This type of packaging is sustainable, lightweight, and unbreakable, reducing the risk of leaking or tearing during transit. Varied features such as the greater capacity of preservation, recyclability, and versatility contribute to the market expansion of metal type of packaging in the food & beverages industries. Such notable properties increase demand, further driving the global market.


High Costs and Corrosion of the Metal Hamper the Market Growth Globally

Despite the significant properties provided by the packaging, several factors limit the market's growth. Metal materials, especially steel, have very poor chemical stability, low resistance to alkali and acid, and are easily prone to rust. Henceforth, if acidic materials such as food products are packed in metal packaging, the metal ions are precipitated, thus hampering the market growth. Improper inner coating protection of the metal products also harms the product quality and restricts the growth of the market for several applications. Moreover, this type of packaging is quite expensive than other packaging materials, so the overall production cost is higher, harming the market growth. Corrosion also affects the market as the metal transforms back into its original state; for instance, steel transforms into iron ore with continuous use.

Metal Packaging Market Segmentation Analysis

By Material Analysis

Aluminum is the Dominating Segment Due to Significant Benefits Offered by the Material

Based on the material, the market is segmented into aluminum and steel. Aluminum materials hold the highest share of the global metal packaging sector. Aluminum is considered a sustainable option as it can be frequently recycled and reused and doesn't experience the same kind of degradation during the recycling process. The material is non-toxic and helps preserve the taste and aroma of the food products. Aluminum is lightweight, and its corrosion-resistant property enhances its usage in several end-use industries, thus driving the segment's growth.

The steel segment holds the second-highest material share of the global metal packaging industry and is estimated to grow rapidly in the projected timeframe. For the food & beverages industry, the material’s magnetic property is quite crucial to fill accuracy and reduce any potential spillage, product damage and waste, further boosting the segmental growth.

By Product Type Analysis

Containers & Cans Segment Holds the Largest Share Owing to their High Usage in FMCG Products

Based on product type, the market is segmented into containers & cans, bottles & jars, caps & closures, tins, barrels & drums, and others. Containers & cans segment is the dominating segment of the global market. Containers & cans are used on a large scale in several end-use industries such as food and beverages, household, and personal care owing to their versatile and recyclable properties. Cans are widely used in FMCG products such as processed can food, room sprays, soda can, and many others, which helps contribute to the segment's growth.

Caps and closures are the second-dominating product type and are analyzed to witness significant growth over the forecast period. Metal caps and closures are durable, secure, strong, cost-effective and less prone to breaking and deformation. It makes them ideal and unique for long-term storage where product integrity is crucial.

By End Use Analysis

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Food & Beverages Dominates the Market Due to the Widespread Usage of Metal Packaging in the Food Industry

Based on end use, the market is segmented into food & beverages, personal care & cosmetics, pharmaceuticals, paints & varnishes, household, and others. The food & beverage segment leads the market worldwide. The rising demand for packaged & processed food products owing to the changing lifestyle trends is the key factor driving the growth of the food and beverages sector. Due to busy lifestyles, the increasing usage of ready-to-eat food products among working professionals, campers, athletes, and travelers leads to the growth of the global market.

Household end use is the second-dominating segment and is expected to grow at a rapid rate over the forecast period due to several significant factors.


North America Metal Packaging Market Size, 2023 (USD Billion)

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The market is analyzed across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America dominated the metal packaging market share. The huge reliance on canned and energy drinks and goods in the U.S. also contributes to the increasing demand for this type of packaging in North America. Asia Pacific is the second-most leading region owing to the rapid expansion of the steel industry in the region over the last decade. According to the major findings from the World Steel Association, China is the biggest steel producer, thus contributing to market growth.

List of Key Companies in Metal Packaging Market

Key Participants in the Market Witness Significant Growth Opportunities

The global market is highly fragmented and competitive. Regarding market share, the few major players dominate the market by offering innovative packaging in the packaging industry. These major players in the market are constantly focusing on expanding their customer base across the regions and innovation.

Major players in the market include Ball Corporation, Crown Holdings, Silgan Holdings, Ardagh Group, Amcor Limited, and others. Numerous other players operating in the industry are focused on delivering advanced packaging solutions.



  • November 2022 – Trivium Packaging announced the launch of a new segment in the packaging market, which can benefit mainly from aluminum bottle packaging, further releasing aluminum bottles for edible oil. The company has adapted its bottle to be feasible for edible oil closures in the U.S.

  • July 2022 – a leading sustainable aluminum solutions provider, Novelis declared the expansion of its evercycle portfolio specifically designed for the cosmetic packaging market. Evercycle Cosmetics is certified, contains 100% recycled aluminum, and can meet customers' anodized quality requirements.

  • September 2021 – Eviosys, a worldwide leader in this industry offering innovation sustainability, launched itself as a newly established and independent company. It is Europe's largest manufacturer of aluminum & steel food packaging with several global & regional food and consumer goods customers.

  • August 2021 – a leading manufacturer of sustainable & infinitely-recyclable beverage cans, Ardagh Metal Packaging S.A. and Gores Holdings V, Inc. declared the successful completion of its previous business combination. The combined company is named Ardagh Metal Packaging S.A. and has been trading on the New York Stock Exchange since August 5, 2021.

  • June 2021 – Emballator Metal Group announced the launch of a lighter & highly optimized packaging solution. The new and highly-optimized design provides several environmental benefits, resulting in decreased carbon footprint, 25% less wrapping, and more pallets per truck.

  • May 2021 – Ball Corporation, a global leader in aluminum packaging solutions, announced the launch of its fully recyclable aluminum cup at top retailers in each U.S. state. The cups are available at selective restaurants, retailers, and the largest sports and entertainment venues. They are also made available for purchase through online platforms such as Amazon.


An Infographic Representation of Metal Packaging Market

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The report provides detailed market analysis and focuses on key aspects such as key players, competitive landscape, product/service types, market segmentation, porters five forces analysis, and leading applications of the product. Besides, the report offers insights into the metal packaging market trends and highlights key industry developments. In addition to the above factors, the report encompasses several factors that contributed to the market's growth in recent years.

Report Scope & Segmentation



Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 3.26% from 2024 to 2032


Value (USD Billion)


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 Region

  • North America (By Material, By Product Type, By End Use, and Country)

    • U.S. (By Material)

    • Canada (By Material)

  • Europe (By Material, By Product Type, By End Use, and Country)

    • Germany (By Material)

    • France (By Material)

    • U.K. (By Material)

    • Italy (By Material)

    • Spain (By Material)

    • Russia (By Material)

    • Rest of Europe (By Material)

  • Asia Pacific (By Material, By Product Type, By End Use, and Country)

    • China (By Material)

    • India (By Material)

    • Japan (By Material)

    • Australia (By Material)

    • Southeast Asia (By Material)

    • Rest of Asia Pacific (By Material)

  • Latin America (By Material, By Product Type, By End Use, and Country)

    • Brazil (By Material)

    • Mexico (By Material)

    • Rest of Latin America (By Material)

  • Middle East & Africa (By Material, By Product Type, By End Use, and Country)

    • GCC (By Material)

    • South Africa (By Material)

    • Rest of Middle East & Africa (By Material)

Frequently Asked Questions

Fortune Business Insights study shows that the global market was USD 146.70 billion in 2023.

The global market is projected to grow at a CAGR of 3.26% over the forecast period.

The market size of North America stood at USD 50.71 billion in 2023.

Based on material, the aluminum segment dominates the global market share.

The global market size is expected to reach USD 194.68 billion by 2032.

The key market drivers are the growing demand in varied industries and the significant properties of metal packaging.

The top players in the market are Ball Corporation, Crown Holdings, Silgan Holdings, Ardagh Group, and Amcor Limited, among others.

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