Metal Packaging - Worldwide

Metal Packaging Market Definition

The metal packaging market involves manufacturing and distributing metal packaging to several industries. Metal containers or cans have diverse applications in food and beverage, chemical and paint, and cosmetic sectors. The rapidly expanding growth of these sectors and the demand for sustainable packaging potentiate the market. 

Metal packaging comprises aluminum, stainless steel, and tin alone or in combination. Out of these, steel is expected to further boost the market in the coming years, owing to its exceptional properties like strength, adaptability, and recyclability. Steel also offers strong resistance against physical damage, protecting food, beverages, and other materials. 

The high production and raw material costs of metals hinder the metal packaging market. The market growth is also hampered due to its heavy weight which eventually increases the transportation cost. However, the latest technologies like the Internet of Things (IoT) and artificial intelligence aid in producing smart metal cans or containers with improved properties. IoT enables supply chain improvement and product tracking. It also enhances customer experience and the overall brand value of the company.

• Ball Corporation, a leading provider of metal packaging, reported strong growth with $707 million in net earnings of full-year 2023.