Metal packaging market seen reaching $147.4B by 2030

A new Allied Market Research report says the global metal packaging market was worth $108.8 billion in 2020 and is projected to climb to $147.4 billion by 2030, driven by canned food demand and packaging innovation. Steel led the market in 2020, while aluminum and Asia-Pacific are expected to grow fastest over the forecast period.

Why it matters: - Metal packaging is gaining share because food, beverage and personal care brands want containers that protect products, extend shelf life and support recyclability. - The market’s growth reflects broader demand for canned foods, premium packaged goods and lightweight packaging formats. - Download sample pages of the research overview

What happened: - Allied Market Research said the global metal packaging market was valued at $108.8 billion in 2020. - The market is projected to reach $147.4 billion by 2030. - The forecast implies a compound annual growth rate of 3.1% from 2021 to 2030. - The report covers material, type and application segments across the global market.

The details: - Steel held the largest material share in 2020, with more than three-fifths of total revenue. - Steel is widely used in food and beverage cans, aerosol containers, closures, paints and promotional packaging because of its strength and cost-effectiveness. - Aluminum is projected to post the fastest material growth, with a 4.4% CAGR through 2030. - Beverage makers are increasing aluminum use because the material is lightweight and highly recyclable. - Food was the largest application segment in 2020, with more than two-fifths of global revenue. - Personal care is expected to log the fastest application growth, also at a 4.4% CAGR through 2030. - Europe held the largest regional share in 2020, followed by North America. - Asia-Pacific is expected to grow the fastest, at a 3.9% CAGR, as incomes rise, cities expand and food and beverage industries grow. - The report names Amcor Plc., Ardagh Group S.A., Ball Corporation, CPMC Holdings Ltd., Crown Holdings, Inc., Greif Incorporated, Metal Packaging Europe, Silgan Holdings, Inc., Tata Steel and Ton Yi Industrial as key market players. - The report says these companies are focusing on product innovation, sustainability initiatives and strategic partnerships. - Access the statistical data and graphs

Between the lines: - Environmental concerns tied to steel mining and raw-material price swings remain challenges for the market. - Premium and luxury products packaged in metal containers, including cookies, coffee, tea, confectionery and gift packaging, could create new demand. - The regional split suggests mature demand in Europe and North America, while Asia-Pacific offers the clearest volume growth story.

What’s next: - Aluminum’s growth could reshape material mix if beverage brands keep shifting toward lighter and more recyclable formats. - Asia-Pacific’s expansion should keep pressure on suppliers to scale capacity and distribution. - Packaging makers are likely to keep investing in sustainability and product development to defend share in food, beverage and personal care categories.

The bottom line: - Metal packaging is on a steady growth path, with canned food demand, premiumization and packaging innovation offsetting cost and environmental pressures.