Metal Packaging Market Flourishing Amid High Demand

The metal packaging market is expected to reach a market size of $121 billion by 2030, growing at a CAGR of 3.50% during the forecast period, according to a new report.

The metal packaging market has grown moderately over the past few years. The demand for metal packaging is expected to be driven by an increase in beverage consumption and demand for aerosol cans. 

The base year of the market study is 2018 and the forecast period of the global metal packaging market is 2022 to 2030.

Metal packaging is the process of closing or protecting a product through the use of materials such as aluminium and steel for the distribution, storage and sale of products, personal care, etc.

The increasing demand from the food and beverage market is driving the overall growth of the packaging industry. Lack of time and smaller household sizes are driving the demand for food and beverage cans, thus driving the growth of the metal packaging market.  

Advances in packaging technology are helping to provide metal cans with improved functionality and storage properties, which is also a major factor fuelling market growth in the beverage end-use sector.  

Metal packaging is widely used for alcoholic and non-alcoholic beverages.

The global metal packaging market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). North America held the largest share of the global metal packaging market, followed by Europe and Asia Pacific in 2018.

North America is the largest metal packaging market due to convenient packaging due to fast- paced lifestyle, while within, the US is the major contributor to the metal packaging market in North America due to its high reliance on canned food and beverages.