Light Metal Packaging Market Growth Outlook 2024-2028

The Global light metal packaging marke is projected to grow by USD 9.30 billion from 2024 to 2028, with a CAGR of 3.2%. Growth is fueled by increasing demand for metal cans in food and beverage packaging, alongside innovations such as resealable cans. However, raw material price fluctuations and competition from alternative packaging materials pose challenges to market expansion.

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Market Segmentation

By Application

• Food and beverages
• Personal care and cosmetics
• Healthcare
• Paint and chemicals and others

By Product Type

• Caps, stoppers, and lids
• Aluminum boxes, casks, and drums
• Steel and iron cans
• Crown corks
• Collapsible tubular aluminum containers

Regional Market Trends

• North America
  • United States
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Rest of Europe
• APAC
  • China
  • India
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Argentina
  • Brazil
  • Chile

Market Dynamics

Key Market Driver

• Extended Shelf Life of Packaged Products
  • Metal packaging enhances product preservation by protecting contents from external factors.
  • Eliminates the need for additives, retaining original taste and nutritional value.
  • Reduces waste and facilitates efficient transportation.

Significant Market Trend

• Growing Demand for Resealable Cans
  • Aluminum cans with plastic opening mechanisms provide convenience and maintain freshness.
  • Ball Corporation's Ball Resealable End (BRE) can technology enhances safety and usability.

Major Market Challenge

• Rise of Flexible Packaging Alternatives
  • Flexible plastic packaging offers lightweight, cost-effective, and durable solutions.
  • Superior barrier properties for moisture and oxygen protection, making it a competitive alternative.
  • Used in juice, wine, and dairy packaging, reducing demand for rigid metal packaging.

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Key Players in the Market

• Ardagh Group SA
• Al Suhaimi Holding Co.
• 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.
• Toyo Seikan Group Holdings Ltd.

Recent Developments in the Market

• Ball Corp. expanded its resealable beverage can portfolio to enhance consumer convenience