Metal Containers Market

2020 Analysis and Review: Global Metal Containers Market Analysis by End Use - Food and Beverage, Chemicals, Automotive, Pharmaceutical & Healthcare, Cosmetics & Personal Care, and Building & Construction for 2020-2030

Introduction

The global metal containers market is projected to expand considerably over the forecast period. The market is being driven by the significant rise in health awareness among. Metal containers are highly preferred for food packaging especially to avoid the risk of contamination, while preserving the nutritional properties of food inside.

Thus, metal containers enjoy a large share from the food and beverage industry. Besides their impressive recyclability, awareness pertaining to unsanitary conditions prevalent across several packaging facilities and tipping scale in favor of metals cans and containers.

This had led to the drift of key manufacturers towards metal over traditional plastics containers. Besides demand from food and beverage sector, the market is expected to gain impetus from the rising demand in the expanding cosmetics and personal care industry. The increasing demand for lightweight packaging has been creating growth opportunities for the global market.

Metal containers have diverse applications. They are used for packaging of various products such as paints and dyes, chemicals, automotive, pharmaceutical and healthcare, cosmetics and personal care products, and others. Additionally, they are scoring on the back of their eco-friendly attributes and durability.

According to Future Marketing Insights (FMI), the market is projected to rise at 6% CAGR during the forecast period. FMI further foresees the market value to reach US$ 198,377.8 Mn by the end of 2030.

Cost-Effectiveness of Containerization to Propel Growth

In traditional methods, it took huge manpower to ship and carry heavy containers. With the introduction of containerization, transit, and shipping of products have become easy and financially more viable. This has resulted in cost reductions associated with shipping and raised margins for the players in the shipping business.

Besides this, the expansion of the automotive industry has facilitated the ease and security of picking and placing heavy and sensitive metal containers which were earlier considered difficult. FMI forecasts significant growth of the market in the coming years owing to the cost-effectiveness of containerization.

Chemicals Industry to Exhibiting High Demand

Owing to easy and secure transportations, the use of metal containers is increasing significantly in the shipping of liquids such as paints, coatings, lubricants, dyes, and greases. As per the requirement of the liquids, they are transported with the greatest caution.

For example, for corrosive and sensitive fluids, stainless steel containers are preferred as the best packaging solution. Besides transportation, metal containers are mostly chosen as an effective warehouse storage option. Thus, the multi-directional expansion of the chemical industry is consistently advancing the demand for metal containers.

RFID Tracking Technology Emerges as a Powerful Tool

Radio frequency identification (RFID) technology has emerged as a promising tool in the metal containers supply chain. RFID facilitates faster and more thoroughgoing assessments into potential inventory queries, empowering companies to take pre-emptive action and lessen the requirement for costly expedited freight. RFID ensures more detailed and precise record tracking, faster picking, less shrinkage, and reduced out-of-stocks. This enables suppliers to avoid confusion which leads to poor business associations.

RFID technology has not only profited manufacturers and suppliers but it is also recognized as an effective cost-saving tool for consumers. End consumers use metal containers to ship products such as chemicals, paints, food ingredients, lubricants, agricultural produce, and many more. With RFID, they can lessen costs by dropping the physical counting of inventory. Owing to its numerous benefits, RFID has drifted many metal container manufacturers to invest in this technology to save overall operational costs and improve, and expand consumer base.

COVID-19 Results in Limiting Market Growth

The ongoing COVID-19 pandemic has hit the global containers market. Owing to disruptions in the supply chain, manufacturing activities, and reduced demand, the metal containers market is at the receiving end of the pandemic crisis.

Demand for metal containers is badly affected due to the fall in the market of end-use industries such as building and construction, automotive, and chemicals. Moreover, the shortness of raw materials owing slowdown of the metal industry has further worsened the production of metal containers.

The transportation industry depends hugely on metal containers. Travel and transit restrictions imposed by governments made the market to suffer during the initial phases of the first few lockdowns.

Key Challenges

The continuously increasing health and environmental concerns are creating opportunities for bio-based plastics such as bagasse, polyethylene terephthalate which in turn is acting as a key challenge to the growth of metal containers. Additionally, trends favoring the uptake of light-weight alternatives has led to the fall in demand for metal packaging.

Region-wise Analysis

Europe Metal Containers Market

Europe currently accounts for the leading share in the global market. FMI forecasts the region to remain dominant through the forecast period. The growth of the region is owing to the high production and sales of intermediate bulks containers. The presence of key market players in Europe coupled with their continuous efforts to produce more recyclable containers is boosting opportunities for the market. Moreover, the food and beverage industry of the region is tightly holding the demand for metal containers in Europe.

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North America Metal Containers Market

According to FMI, North America is expected to remain as one of the highly lucrative regions, accounting for third-leading share in the market over the forecast period. The increasing demand for various soft drinks including sucralose juices and carbonated soft drinks in the region is projected to raise the demand for metal cans over the forecast period.

The growth witnessed in the region also is attributable to the growing frozen and canned food consumption in the U.S. Furthermore, key metal containers manufacturers are utilizing the current opportunity of growing environmental concerns by portraying their products under the recycled category and in turn gaining profit globally.

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East Asia Metal Containers Market

East Asia is projected to emerge as a highly lucrative metal containers market. The growth of the region is attributable to its booming economy coupled with rising spending on packaged food and beverages items. Busy lifestyles and favorable demographics will result in the rapid growth of the consumer base in the region.

Increasing disposable income, availability of a wide range of alcoholic and non-alcoholic beverages, and the impact of western culture are anticipated to directly affect the demand for metal containers. Furthermore, consistently expanding construction and chemical sectors in the region are expected to run the market.

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Category-wise Insights

Intermediate Bulk Containers Remains Lead

By product type, the intermediate bulk container segment is forecast to remain lead during the assessment period. This segment will rise with a remarkable CAGR of 6.9% through the forecast period. Drums, cans, aerosol cans, and pails are the segments expected to witness a jump by the end of 2030.

Steel Remains First Choice

By material type, the steel segment currently holds dominance. This segment is projected to remain as the first choice owing to its numerous benefits over other materials. From sensitive to corrosive liquids, steel plays a dual role in preventing their further reactions and secure transportation.

Food and Beverage Industry to Lead by End Us

FMI foresees the food and beverage industry to remain as the dominant end user throughout the assessment period. Expanding food and beverage bases is driving demand for metal cans in the industry. Traditionally, some of the food products were canned. The awareness regarding unhygienic conditions of packaging facilities and uncertainties of contamination headed to an increase in the packaging of food and beverage in metal containers. Additionally, chemical and pharmaceutical, and healthcare industries are expected to spur the demand for metal containers during the forecast period.

Competitive Landscape

The metal containers market is fragmented. Top players account for 40-45% of the global production. Increasing opportunities in the market have led to the introduction of numerous newcomers to the market. This has further increased competition in the market.

Key players are now investing more in research and development to cater to the world with alternatives that are cost-effective and eco-friendly. The current trend seen in the market is key players focusing on merger and acquisition and geographic expansion to gain a competitive edge along with expanding their base globally.

FMI gives an in-depth study of current market dynamics and lists some of the key players in the metal containers market including Ball Corporation, Ardagh Group S.A., CCL Industries Inc., CPMC Holdings Ltd., Silgan Holdings Inc., Grief Inc., Toyo Seikan Co., Ltd., Crown Holdings, Inc., Mauser Packaging Solution, Nampak Ltd., Montebello Packaging Inc., Balmer Lawrie & Co. Ltd., HUBER Packaging Group GmbH, NCI Packaging, and Great Western Containers Inc among others.

The list is only indicative – a full list of metal containers market key players is available upon request

Global Metal containers Market Report: Scope

Attribute

Details

Forecast Period

2020-2030

Historical Data Available for

2015-2019

Growth Rate (2020-2030)

6% CAGR

Market Analysis

US$ Mn for Market Value and Mn Units for Market Volume

Market Value for 2020

US$ 110,620.5 Mn

Key Regions Covered

North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, Oceania

Key Segments Covered

By Product Type – Cans, Drums, Aerosol Cans, Pails, Intermediate Bulk Containers,  Others, By Material Type – Steel, Aluminium, Tin, By End Use - Food and Beverage Industry, Chemicals, Automotive, Pharmaceutical & Healthcare, Cosmetics & Personal Care, Building & Construction, Other End Use

Key Companies Profiled

Ball Corporation, Ardagh Group S.A., CCL Industries Inc., CPMC Holdings Ltd., Silgan Holdings Inc., Grief Inc., Toyo Seikan Co., Ltd., Crown Holdings, Inc., Mauser Packaging Solution, Nampak Ltd., Montebello Packaging Inc., Balmer Lawrie & Co. Ltd., HUBER Packaging Group GmbH, NCI Packaging, Great Western Containers Inc.

Report Coverage

Market Forecast, Competitive Landscape, Region-wise and Category-wise Insights, COVID-19 Impacts, Key Trends, Key Challenges

Customization & Pricing

Available upon Request

Key Questions Answered by the Report

  • At what rate the global metal containers market is forecast to grow?

    According to FMI, the global market is expected to rise at a CAGR of 6% between 2020 and 2030.

  • Which are the lucrative markets for metal containers?

    East Asia is forecast to emerge as lead in the market. Europe and North America also accounts for a sizeable share of global market and holds dominance backed by surging demand and production in their strong markets.

  • Which are the top companies in the metal containers market?

    Some of the leading companies operating in the metal containers market are Ball Corporation, Ardagh Group S.A., CCL Industries Inc., CPMC Holdings Ltd., Silgan Holdings Inc., Grief Inc., Toyo Seikan Co., Ltd., Crown Holdings, Inc., Mauser Packaging Solution, Nampak Ltd., Montebello Packaging Inc., Balmer Lawrie & Co. Ltd., HUBER Packaging Group GmbH, NCI Packaging, Great Western Containers Inc among others.

  • What is the outlook for the metal containers market post COVID?

    Due to COVID-19, manufacturing activities of the global market were affected owing to the restrictions imposed by governments and current slowdown of end use industries. But, FMI foresees recovery attributable to the expanding food and beverage, and chemical industry.

  • Which product type is enjoying maximum sales in metal containers market?

    Intermediate bulk container is witnessing the maximum sales and production by product type. FMI foresees this segment to remain as lead during the forecast period.

  • What are key trends driving the global metal containers market?

    The market will observe upsurge in demand for metal containers owing to the increasing use of RFID technology, rising adoption of recyclable metal containers, and expanding chemical industry.

Enquiry before Buying

  • Is this research conducted by Future Market Insights?

    Yes, the report on the global metal containers market has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by FMI?

    FMI follows a methodology that encompasses demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request detailed methodology.

  • Who are the respondents for primary research?

    FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

  • Is a sample of this report available for evaluation?

    Yes, you can request a sample and it will be sent to you through an email.

  • How can I buy this report?

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Metal containers Market Segmentation

Product Type

  • Cans
  • Drums
  • Aerosol Cans
  • Pails
  • Intermediate Bulk Containers
  • Others

Material Type

  • Steel
  • Aluminium
  • Tin

End Use

  • Food and Beverage Industry
  • Chemicals
  • Automotive
  • Pharmaceutical & Healthcare
  • Cosmetics & Personal Care
  • Building & Construction
  • Other End Use

Regional Outlook

  • North America – U.S., Canada
  • Latin America – Brazil, Mexico, Argentina and rest of Latin America
  • Europe – Germany, France, Italy, UK, Spain, BENELUX, Nordic, Poland, Russia, and rest of Europe
  • South Asia – India, Thailand, Indonesia, Malaysia and rest of South Asia
  • East Asia – China, Japan, South Korea
  • Middle East & Africa - GCC counties, Northern Africa, South Africa, Turkey and the rest of Middle East And Africa
  • Oceania – Australia, New Zealand

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