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Asia Pacific Metal Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Asia-Pacific Metal Packaging Market is Segmented by Material Type (Aluminum, Steel), Product Type (Cans (Food Cans, Beverage Cans, Aerosol Cans), Bulk Containers, Shipping Barrels and Drums, Caps & Closures, Other Product Types), End-User Industry (Beverage, Food, Cosmetic & Personal Care, Household, Paints & Varnishes, Other End-User Industries), and Country (China, India, Japan, South Korea, Australia and New Zealand, Rest of Asia-Pacific). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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APAC Metal Packaging Market Size

Asia Pacific Metal Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 42.97 Billion
Market Size (2029) USD 51.30 Billion
CAGR (2024 - 2029) 3.61 %
Market Concentration Low

Major Players

Asia Pacific Metal Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia Pacific Metal Packaging Market with other markets in Packaging Industry

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APAC Metal Packaging Market Analysis

The Asia Pacific Metal Packaging Market size is estimated at USD 42.97 billion in 2024, and is expected to reach USD 51.30 billion by 2029, growing at a CAGR of 3.61% during the forecast period (2024-2029).

The Asia-Pacific metal packaging market is projected to register a positive growth rate over the coming years with the increasing adoption of various metal packaging solutions, such as cans and tubes, by various end-user industries in the region.

• The increasing concern among brand owners and consumers regarding sustainability and rising government regulations over the use of sustainable and recyclable packaging products are the major factors driving the demand for metal packaging in the region. In addition to this, the high production of steel and aluminum in the region attracts metal packaging manufacturers to establish their presence in Asia-Pacific countries.

• In July 2023, Orora Beverages announced its partnership with Velox-digital, an expert in the industrial rigid container market. Velox-digital will supply direct-to-shape digital printing solutions for can design and decoration to Orora Beverage. This will help the company meet its strong outlook for growth in the aluminum can market using new technology.

• The changing lifestyle and increasing consumer spending on go-to food and beverage products force food and beverage brands to offer their products in convenient and portable packaging solutions. Metal cans are used by food and beverage brands owing to the benefits offered by metal packaging.

• The need for durable and barrier-resistant rigid packaging solutions for storing and transporting chemicals and paint products in the region is expected to fuel the demand for metal bulk containers. The metal bulk containers are strong and offer durability while also protecting the content from the external environment.

• However, the presence of various alternative packaging materials, such as plastic and glass, may hamper the growth of the market. The imposition of BIS standards for certain metal packaging products, along with the unstable prices of raw materials, is expected to create a challenge for metal packaging manufacturers in the region.

APAC Metal Packaging Market Trends

Metal Containers Preferred for Edible Oil Packaging, Along with Increasing Consumption of Edible Oil, in India

  • The ability of metal packaging, including metal containers, to provide a barrier against oxygen and light ensures the preservation of oil properties, making it an ideal packaging choice for storing and transporting edible oil. The metal containers protect the technical properties of oil and drive its commercial value, which drives the sales of metal packaging in the edible oil industry.
  • Metal containers are the established packaging format choice for large volumes of edible oil and premium oil varieties. The large square-gallon tins have been used for decades for bulk edible oil. With the advent of new technologies and expanding capabilities of metal packaging manufacturers, a variety of new metal packaging formats are being introduced and used, such as aluminum liquid pour spouts and sprays & pumps. Trivium Packaging offers large-volume steel containers, aluminum liquid pour spouts, and sprays & and pumps for the edible oil industry.
  • Metal packaging for edible oils also offers the benefit of lightweight packaging without the worry of leaching and gives a premium look to the product with its different shape/format and printing ability when compared with glass packaging. The durability of metal packaging provides an added advantage. The in-line printing used on metal containers ensures the endless graphical effect on the container without the use of any labels, which helps brands make the entire surface of the container appealing to consumers.
  • Furthermore, the increasing consumption of edible oil in India will significantly impact the growth of metal packaging products in the country. The consumption of vegetable oil in India increased to 24.57 million metric tons in 2023-2024 from 23.81 million metric tons in 2022-2023, as per data provided by the United States Department of Agriculture (USDA). Tin containers accounted for around 78% of the total packaging used for edible oil in India, based on the International Life Sciences Institute's (ILSI) report. This showcases a positive outlook for metal packaging used for edible oil in the country.
  • The imposition of BIS standards for a variety of metal packaging products in India and price irregularities are expected to present challenges for metal packaging manufacturers in the country. Also, the availability of a packaging format for edible oil in smaller units, such as plastic pouches and plastic bottles, may restrict the growth of metal packaging in the country.
Asia Pacific Metal Packaging Market: Consumption of Vegetable Oils, In Million Metric Tons, India, 2019-2023

Increasing Adoption of Aluminum Flexible Tubes in the Cosmetics and Personal Care Industry

  • The need for flexible, convenient, recyclable, and portable packaging formats in the cosmetic and personal care industry is expected to drive demand for aluminum tubes in the region. The aluminum tubes are easily recycled and require minimal energy, making them an ideal choice for cosmetic products due to increasing sustainability concerns among brands and consumers.
  • Aluminum tubes offer a natural air-tight barrier and are corrosion-resistant, which helps protect the content against the external environment, which is necessary for cosmetic and personal care products. Also, the content is easy to dispose of using the tubes, gaining popularity among consumers. Various cosmetics and personal care products, such as sunscreen, body lotion, body cream, shampoo, conditioner, concealers, moisturizers, and hair cream, are packed in tube packaging solutions.
  • Furthermore, the aluminum tubes can be printed, which helps in providing a decorative finish to the product. Cosmetic and personal care brands that lay emphasis on product appearance can gain an advantage over competitors by using decorative and eye-catching aluminum tubes. The decorative aluminum tube will act as a communication tool for brands.
  • The slowly expanding cosmetics and personal care industry in the region is expected to fuel the demand for aluminum tubes for packaging different cosmetic products. According to the annual report published by L’Oréal, Asia-Pacific accounted for more than 35% of the global cosmetic market in 2023. South Korea is among the top ten beauty markets in the world, according to the data published by the US Department of Commerce’s International Trade Administration. South Korea has been the third-largest exporter of cosmetic products in the world in recent years. China, followed by the United States, Hong Kong, and Japan, are the major export destinations for South Korean cosmetic products, according to the Korea International Trade Association. This is projected to have a fair impact on the market over the coming years.
  • The availability of alternative materials, such as plastic tubes and paperboard tubes, may restrict the growth of aluminum tube packaging. Also, the adoption of other convenient packaging formats, such as bottles and sprays, might hinder market growth.
Asia Pacific Metal Packaging Market: Export Value of Skincare Cosmetics from South Korea, In USD Million, By Country of Destination, 2023

APAC Metal Packaging Industry Overview

Various local and global metal packaging manufacturers have their presence in the Asia-Pacific market to take advantage of the easy availability of raw materials and low manufacturing and labor costs. The competition in the market is intense due to the presence of various players. The low entry barriers in the region have helped packaging manufacturers gain popularity and establish their presence in the region.

  • July 2023: Jamestrong Packaging, a metal can manufacturer, announced its partnership with the UNSW SMaRT Centre to develop a project for recycling aluminum aerosol cans. This will help the company introduce recycled aluminum into an aerosol can production process.

APAC Metal Packaging Market Leaders

  1. Ball Corporation

  2. Crown Holdings, Inc.

  3. CANPACK S.A. (CANPACK Group)

  4. Balmer Lawrie & Co. Ltd.

  5. Silgan Holdings Inc.

*Disclaimer: Major Players sorted in no particular order

Asia Pacific Metal Packaging Market Concentration
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APAC Metal Packaging Market News

  • March 2024: Toyo Seikan Co. Ltd announced the development of the lightest aluminum can body in Japan. The company used compression bottom reform (CBR) technology to reinforce the bottom of the beverage can, which will help the company reduce greenhouse gas (GHG) emissions by lowering the weight of the can.
  • September 2023: Casablanca Industries Pvt. Ltd announced plans to establish a manufacturing unit for aluminum monobloc aerosol cans at the Adali Industrial Area in the Sindhudurg district of Maharashtra.

Asia Pacific Metal Packaging Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces' Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Impact of Geopolitical Scenario on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Metal Containers Preferred for Edible Oil Packaging along with Increasing Consumption of Edible Oil in India

      2. 5.1.2 Increasing Adoption of Aluminum Flexible Tubes in the Cosmetics and Personal Care Industry

    2. 5.2 Market Restraints

      1. 5.2.1 Mandatory Imposition of the BIS Standard on Certain Metal Packaging Products may Hinder Market Growth

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Material Type

      1. 6.1.1 Aluminium

      2. 6.1.2 Steel

    2. 6.2 By Product Type

      1. 6.2.1 Cans

        1. 6.2.1.1 Food Cans

        2. 6.2.1.2 Beverage Cans

        3. 6.2.1.3 Aerosol Cans

      2. 6.2.2 Bulk Containers

      3. 6.2.3 Shipping Barrels and Drums

      4. 6.2.4 Caps & Closures

      5. 6.2.5 Other Product Types

    3. 6.3 By End-user Industry

      1. 6.3.1 Beverage

      2. 6.3.2 Food

      3. 6.3.3 Cosmetics & Personal Care

      4. 6.3.4 Household

      5. 6.3.5 Paints & Varnishes

      6. 6.3.6 Other End-user Industries

    4. 6.4 By Country***

      1. 6.4.1 China

      2. 6.4.2 India

      3. 6.4.3 Japan

      4. 6.4.4 South Korea

      5. 6.4.5 Australia and New Zealand

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Ball Corporation

      2. 7.1.2 Crown Holdings Inc.

      3. 7.1.3 CANPACK SA (CANPACK Group)

      4. 7.1.4 Silgan Holdings Inc.

      5. 7.1.5 Greif Inc.

      6. 7.1.6 Mauser Packaging Solutions

      7. 7.1.7 Balmer Lawrie & Co. Ltd

      8. 7.1.8 Closure Systems International Inc (CSI)

      9. 7.1.9 Guala Closures SpA

      10. 7.1.10 Schutz GmbH & Co. KGaA

      11. 7.1.11 Ceylon Beverage Can Pvt. Ltd

      12. 7.1.12 Casablanca Industries Pvt. Ltd

    2. *List Not Exhaustive

  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

**Subject to Availability
***In the final report, Other Asian Countries, Australia, and New Zealand will be studied together as 'Rest of Asia Pacific'
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APAC Metal Packaging Industry Segmentation

Metal packaging is gaining popularity in Asia-Pacific due to the environmental benefits offered by metal packaging in addition to quick and easy recycling. The increasing awareness among brand owners as well as consumers and rising government regulations relating to the use of plastic packaging are expected to fuel the growth of the metal packaging market in the region. In addition to the benefits offered by metal packaging products, the rising production of steel and aluminum in the region is projected to drive the sales of metal packaging products compared to other packaging materials among the end-user industries.

The Asia-Pacific metal packaging market is segmented by material type (aluminum and steel), product type (cans [food cans, beverage cans, and aerosol cans], bulk containers, shipping barrels and drums, caps & closures, and other product types), end-user industry (beverage, food, cosmetic & personal care, household, paints and varnishes, and other end-user industries), and country (China, India, Japan, South Korea, Australia and New Zealand, and Rest of Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Material Type
Aluminium
Steel
By Product Type
Cans
Food Cans
Beverage Cans
Aerosol Cans
Bulk Containers
Shipping Barrels and Drums
Caps & Closures
Other Product Types
By End-user Industry
Beverage
Food
Cosmetics & Personal Care
Household
Paints & Varnishes
Other End-user Industries
By Country***
China
India
Japan
South Korea
Australia and New Zealand
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Asia Pacific Metal Packaging Market Research FAQs

The Asia Pacific Metal Packaging Market size is expected to reach USD 42.97 billion in 2024 and grow at a CAGR of 3.61% to reach USD 51.30 billion by 2029.

In 2024, the Asia Pacific Metal Packaging Market size is expected to reach USD 42.97 billion.

Ball Corporation, Crown Holdings, Inc., CANPACK S.A. (CANPACK Group), Balmer Lawrie & Co. Ltd. and Silgan Holdings Inc. are the major companies operating in the Asia Pacific Metal Packaging Market.

In 2023, the Asia Pacific Metal Packaging Market size was estimated at USD 41.42 billion. The report covers the Asia Pacific Metal Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Metal Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Asia Pacific Metal Packaging Industry Report

Statistics for the 2024 Asia Pacific Metal Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Metal Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia-Pacific Metal Packaging Market Report Snapshots

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Asia Pacific Metal Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)