Enjoy complimentary customisation on priority with our Enterprise License!
The light metal packaging market size is estimated to grow at a CAGR of 3.32% between 2022 and 2027. The market size is forecast to increase by USD 9,420.12 million. The growth of the market depends on several factors, including the increasing launch of new food and beverage products in metal cans, sustainability with metal packaging, and the rising focus on improving the shelf life of products.
This light metal packaging market report extensively covers market segmentation by application (food and beverages, personal care and cosmetics, healthcare, and paint and chemicals and others), product (caps/stoppers and lids, aluminum boxes/casks and drums, steel and iron cans, crown corks, and collapsible tubular aluminum containers), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
The rising focus on improving the shelf life of products is notably driving the market growth, although factors such as the increasing demand for flexible packaging may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising focus on improving shelf life of products is notably driving the market growth. Shelf life indicates how long a product can be stored in its packaging before being used or consumed. A longer shelf life allows manufacturers to keep their products on sale longer and reduces waste. The long shelf life of the product ensures that it reaches its destination before it spoils. Metal packaging is very effective in extending product shelf life.
Metal packaging has emerged due to the need to extend food shelf life and reduce waste. In addition, metal packaging ensures that the food preservation process is carried out correctly and effectively. Using metal packaging also makes it easier to organize the product for shipping. Foods with metal packaging do not require additives. Food packed in metal packaging retains its original taste for a long time without compromising its nutritional value. Metal packages are also resistant to physical shock. These benefits, along with a growing interest in improving food shelf life, have led consumers to increasingly prefer food in metal packaging, which is driving the growth of the global light metal packaging market.
The advent of resealable cans is the key trend shaping the market. Resealable cans contain an aluminum can lid that incorporates a flat plastic opening mechanism. A small amount of plastic is used in the manufacture of the can opening mechanism, which does not affect the recyclability of the can. Such a mechanism facilitates the opening and closing of the can. With increasing customer demand for resealable cans, light metal packaging solution providers are offering this capability to meet the growing end-user demand.
In Europe, for example, Ball is one of the most important suppliers of resealable beverage cans in its product portfolio. Ball Resealable End (BRE) can have all the characteristics of regular beverage cans. The only difference is that resealable cans have a flat plastic opening mechanism on one end of the aluminum can. BRE preserves the freshness of the drink and ensures safe transport even after opening. As a security measure against tampering, consumers can also check if the can has already been opened. Such product developments will drive the growth of the global light metal packaging market during the forecast period.
The increasing demand for flexible packaging may impede the growth of the market. Consumers are moving from rigid plastic packaging to flexible plastic packaging for the benefits of flexibility, durability, and lightweight. Flexible plastic packaging is easy to open, transport, store, and reseal. Rigid packaging products are prone to breakage and corrosion. However, flexible plastic packaging has high tensile strength and barrier properties. For example, many products such as juice, wine, and milk require an adequate oxygen barrier. Protection from moisture and odors and a glass-like barrier are ensured by the flexible plastic packaging. The increasing focus on convenience and lightweight packaging has also increased the demand for flexible plastic packaging. Flexible plastic packaging is 80% lighter than metal packaging and cheaper to manufacture.
Rigid packaging is mainly used for packaging beverages. Beverage packaging includes filling and labeling. Labels come from a variety of suppliers, so the label application area can become a bottleneck in the packaging process. Flexible packaging, such as pouches, offers full printing capabilities in addition to film lamination. Flexible packaging, therefore, eliminates the bottleneck associated with using rigid packaging. Flexible plastic packaging requires less energy to manufacture and transport and takes up less shelf space. Therefore, the advantages of flexible packaging over rigid packaging may hinder the adoption of metal packages, which in turn hinders the growth of the global light metal packages market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Light Metal Packaging Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ardagh Group SA: The company offers light metal packaging solutions under the brands Warsteiner and 2Wine cans.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the food and beverages segment will be significant during the forecast period. The segment is driven by the rapid growth of the food and beverage industry across the globe. The main purpose of metal packaging for food is to protect the food from external influences and damage. Of all packaging forms, metal is the most adaptable. It combines barrier properties with physical protection, recyclability and consumer acceptance. Consumers today want more convenient grocery options. This encourages suppliers to develop innovative products in metal packaging to meet the growing consumer demand in the market.
Get a glance at the market contribution of various segments View the PDF Sample
The food and beverages segment was valued at USD 14,783.20 million in 2017 and continued to grow until 2021. In the beverage industry, the demand for light metal packaging is increasing. Vendors operating in this segment are investing to expand their market presence in other countries. They are expanding their facilities as the demand and preference for beverages in aluminum cans increase worldwide. The facility expansion helps meet the market needs of domestic and international customers.
For more insights on the market share of various regions Download PDF Sample now!
Europe is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The light metal packaging market in Europe is expected to witness steady growth during the forecast period. Increasing demand for food, healthcare, personal care products, and household products, and the presence of well-known retailers across
Another factor boosting demand for light metal packaging in Europe is the increasing recycling rate in the region. For example, in September 2021, the European Aluminum and Metal Packaging Europe (MPE) announced the launch of a joint roadmap aimed at achieving 100% recycling of aluminum beverage cans in the region by 2030. Recycled metal packaging can be widely used to produce new packaging for various applications such as food and beverage packaging, electronics packaging, etc. Additionally, growing urbanization in the region and rising household disposable income have increased the demand for canned products and beverages in Europe.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In 2020, countries such as Germany, France, England, Italy, and Spain suffered huge losses due to the outbreak of COVID-19. These countries imposed complete lockdowns to prevent the spread of the disease. However, production activities resumed in the first half of 2021 due to the start of vaccination campaigns in the region. Thus, the demand for light metal packaging increased in 2021 due to the resumption of operations in end-user industries such as consumer goods. In addition, growing demand for environmentally friendly packaging solutions, growing concern for food hygiene and safety, and growing popularity of convenient ready-to-eat meals are expected to boost the demand for metal packaging products in Europe during the forecast period.
The light metal packaging market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global light metal packaging market as a part of the global metal and glass containers market within the overall global containers and packaging market. The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps. The global containers and packaging products market includes the combined revenue generated by manufacturers/providers of metal, glass, and plastic containers, and paper packaging. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Light Metal Packaging Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.32% |
Market growth 2023-2027 |
USD 9,420.12 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.87 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 32% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Al Suhaimi Holding Co., Ardagh Group SA, Ball Corp., Baosteel Group Corp., Can One Berhad, CANPACK SA, Ceylon Beverage Can Pvt. Ltd., CPMC Holdings Ltd., Dongwon Group, Envases Group, GZ Industries Ltd., Interpack Group, Mahmood Saeed Co. Ltd., Mitsubishi Materials Corp., Nampak Ltd., Orora Ltd., Silgan Holdings Inc., Sonoco Products Co., SWAN Industries Thailand Ltd., and Toyo Seikan Group Holdings Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.