By 2029, the metal packaging industry will be worth over $177 billion
2019-22 saw market growth rates of over 8%; this has fallen to a 3% growth rate for 2024-29
In 2024, cans make up nearly 60% of the total metal packaging market staying stable to 2029.
Find out:
How metal packaging will be affected by the PPWR
What impact the changes in opinions towards plastic will have on metal packaging
What is causing the changes in can production trends
When the industry can expect to be 100% recyclable
Which end uses are looking to expand into metal packaging
How the metal packaging industry will develop in an evolving commercial landscape.
Report definition
The report covers production of cans, which Smithers call fillings, and in certain cases there is the addition of net imports. Inventories are left out as they are usually small and very difficult to quantify in a top-down analysis. For the intensity of fillings comparison, Smithers use fillings per equivalent person or fillings per capita. This is packaging converted plus empty imports minus empty exports. This is not to be confused with consumption, which is usually arrived at from companies providing data on goods sold.
The Smithers methodology
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with material suppliers, converters and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
Who should buy the report?
Tinplate and aluminium suppliers
Metal can converters
Beverage and food brands
Industrial packaging and bulk logistics companies
Table of Contents
Executive summary
Overview
Market overview
Industry landscape
Industry trends
Cutting-edge technology developments
Metal packaging sectors
Geographic markets
Outlook
Introduction and methodology
Introduction
Objectives
Scope, definitions and market segmentation
Geographic coverage
Methodology
List of abbreviations and definitions
Metal packaging industry landscape
Overview
Leading metal packaging companies
Raw materials
Equipment and machinery suppliers
Organic coatings
Metal packaging products
Metal packaging industry drivers and trends
Overview
Sustainability
Convenience
Competing formats
Bisphenol A and organic coatings
US steel and tariffs
Cutting-edge technology developments
Overview
Metal packaging products and coatings markets
Overview
Cans
Metal caps & closures
Fabricated steel boxes, shipping barrels & drums
Bulk metal containers/containers for compressed or liquefied gas
Other aluminium containers
Metal can coatings
Geographic markets
Overview
Western Europe
Eastern Europe
Middle East & Africa
North America
South & Central America
Asia
Australasia
Future opportunities for the metal packaging industry
Overview
Opportunities for metal packaging and coatings
Tables
Transition table for metal packaging, 2024-29
Metal packaging products covered in the report
Metal packaging sales by sector and sub sector, 2019, 2024 & 2029 ($ billion)
Top four countries in terms of filling demand by metal packaging sector/segment, 2023 (volume basis for cans; value basis for other pack types)
Can filling demand by type and geographic market, 2017 & 2022 (units per capita)
Forecast can filling demand by type and geographic market, 2023 & 2029 (units per capita)
Beverage can capacity increases, 2022, 2027 & 2029
European EPR packaging waste tariffs, 2022
US packaging steel tariffs and imports, 2016-23
Global metal packaging sales by type, 2019-29 (million units; $ million)
Figures
Global packaging sales, 2019-29 ($ million)
Global metal packaging sales, 2019-29 ($ million)
Metal packaging sales by region and by sector, 2018-28 (%)
Trends in metal packaging sales by type and region, 2019, 2021, 2022 & 2029 ($ million)
Metal packaging value by major national market, 2019-29 ($ billion)
Consolidation in metal packaging necessary to remain competitive (turnover, $ billion)
Selected top-25 metal packaging customers, 2022 (turnover, $ billion)
Selected top-20 metal packaging companies' metal packaging sales, 2022 ($ billion)
Steel supply for packaging, 2022, est. million tonnes
Aluminium sheet supply for packaging, 2022, est. million tonnes
North America beverages: new scanned SKUs by package type, 2017-22
Western European food can sales by end use, 2022 (% share by value)
Circular economy system
EU waste recycling target 2030, less actual recycling % -v- Value $/t value to converter 2021
Packaging materials recycling rates, 2020
Climate change Deg-C and forecast based on 2019 emissions
The UN Sustainable Development Goals for 2030 (issued 2015)
CO2 - GHG emissions - path to neutrality 2050 for a metal packaging company