logo

India Metal Packaging Market Size (2024 - 2029)

The India Metal Packaging Market is experiencing growth driven by factors such as increased urbanization and the expansion of organized retail, which are prompting companies to enhance their production capacities. Government initiatives to reduce raw material costs and increase domestic availability are further supporting this growth. The demand for smaller metal containers, particularly for paints and coatings, is rising due to changing consumer preferences and the booming construction industry. Additionally, the adoption of closed-loop solutions is becoming crucial to address raw material shortages and enhance recycling infrastructure. Despite the local sourcing of materials, some metals are still imported due to cost advantages. The market is also witnessing a surge in demand for can-packed food and beverage products, driven by a growing emphasis on recycling and sustainability.

Home Market Analysis Packaging Research Packaging Materials Research Metal Packaging Research India Metal Packaging Market Market Size

Market Size of India Metal Packaging Industry

India Metal Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 9.67 Billion
Market Size (2029) USD 12.79 Billion
CAGR (2024 - 2029) 5.75 %
Market Concentration Low

Major Players

India Metal Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Metal Packaging Market Analysis

The India Metal Packaging Market size is estimated at USD 9.67 billion in 2024, and is expected to reach USD 12.79 billion by 2029, at a CAGR of 5.75% during the forecast period (2024-2029).

The metal packaging market in India is experiencing significant growth, driven by increasing demand across the food, beverages, pharmaceuticals, and personal care industries. 

  • Metals like aluminum and steel are preferred for their durability, safety, and preservation capabilities. The expanding middle-class population and consumer preferences for packaged goods fuel market growth.
  • Aluminum dominates the Indian metal packaging market, particularly in the beverage sector. The increased consumption of soft drinks, energy drinks, and alcoholic beverages has boosted aluminum can usage. The material's recyclability has enhanced its adoption as an environmentally responsible choice. Companies are developing innovative designs and improving aluminum can technology to ensure convenience, product safety, and sustainability.
  • Metal packaging is essential for quality preservation and shelf life extension in the food sector. Cans and tins are ordinary for packaging ready-to-eat meals, processed foods, fruits, and vegetables. The rise in convenience food consumption and the growing working professional population have increased the demand for canned foods. The healthcare sector also contributes significantly, using metal packaging for medicines, ointments, and creams due to its protective properties.
  • Sustainability is driving the growth of India's metal packaging market. Environmental awareness has increased consumer and business preference for recyclable and reusable packaging. Metal packaging, especially aluminum, maintains its quality through multiple recycling cycles, making it a preferred choice for brands. The market evolution indicates a continued focus on innovation, with new technologies and designs enhancing metal packaging functionality and appeal in India.
  • Companies in India are increasing their investments in metal packaging, particularly cans, to meet the growing demand across beverages, food, personal care, and household products industries. These companies are improving can design, upgrading technology, and implementing eco-friendly practices to provide sustainable and efficient packaging solutions. In May 2024, Ball Corporation partnered with CavinKare to introduce retort aluminum cans for milkshakes in India's dairy sector. This development addresses the increasing demand for ready-to-drink (RTD) beverages while meeting consumer preferences for convenience and sustainability.
  • In India, the metal packaging market faces growth challenges, mainly due to the rise of alternative packaging solutions. Metal packaging, particularly cans, boasts durability, recyclability, and practical product preservation. However, alternatives like plastic, glass, and flexible packaging are emerging as formidable competitors. These alternatives are frequently chosen for their cost-effectiveness, versatility, and distinct benefits in specific industries, posing a challenge to the widespread acceptance of metal packaging.

India Metal Packaging Industry Segmentation

Metal packaging, predominantly aluminum and steel, crafts containers for diverse products. These metals, favored for their strength and durability, are the go-to choice for packaging food, beverages, cosmetics, chemicals, and pharmaceuticals. Metal packaging significantly extends product shelf life by offering robust protection against light, air, and moisture. Moreover, its high recyclability positions metal packaging as a more eco-friendly alternative to plastics.

India's Metal Packaging Market is segmented into material type (aluminum, steel), by product type (cans (food cans, beverage cans, aerosol cans), bulk containers, shipping barrels, drums, caps, and closures, and other product types ), and by end-user industry (beverage, food, paints, and chemicals, industrial and other end-user industries). The market sizes and forecasts are in terms of value (USD) for all the above segments.

By Materials Type
Aluminum
Steel
By Product Type
Cans
Food Cans
Beverage Cans
Aerosol Cans
Bulk Containers
Shipping Barrels and Drums
Caps and Closures
Other Product Types
By End-User Vertical
Beverage
Food
Paints and Chemicals
Industrial
Other End-users
Need A Different Region Or Segment?
Customize Now

India Metal Packaging Market Size Summary

The Indian metal packaging market is poised for significant growth, driven by factors such as increased urbanization and the expansion of organized retail. Companies are ramping up production capacities for metal cans and containers to meet the rising demand. Government initiatives to reduce raw material costs and enhance domestic availability further bolster the market. The construction industry's growth and changing consumer preferences, particularly in the paints sector, are also contributing to the demand for smaller metal containers. Additionally, the adoption of closed-loop solutions and recycling infrastructure is expected to address raw material shortages, supporting the market's expansion.

The market is characterized by a competitive landscape with key players like Ball India, Oricon Enterprises, and Hindustan Tin Works. These companies are expanding their operations and exploring strategic partnerships to strengthen their market presence. The demand for can-packed food and beverage products is on the rise, fueled by a growing emphasis on sustainability and recycling. Despite India's lower per capita can consumption compared to other countries, the market is witnessing emerging trends in the food sector, including significant exports of processed food products. The ongoing investments in production capacity by major beverage companies further indicate a robust growth trajectory for metal packaging in India.

Explore More

India Metal Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 An Assessment of the Impact of Macro-economic Factors on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Materials Type

      1. 2.1.1 Aluminum

      2. 2.1.2 Steel

    2. 2.2 By Product Type

      1. 2.2.1 Cans

        1. 2.2.1.1 Food Cans

        2. 2.2.1.2 Beverage Cans

        3. 2.2.1.3 Aerosol Cans

      2. 2.2.2 Bulk Containers

      3. 2.2.3 Shipping Barrels and Drums

      4. 2.2.4 Caps and Closures

      5. 2.2.5 Other Product Types

    3. 2.3 By End-User Vertical

      1. 2.3.1 Beverage

      2. 2.3.2 Food

      3. 2.3.3 Paints and Chemicals

      4. 2.3.4 Industrial

      5. 2.3.5 Other End-users

India Metal Packaging Market Size FAQs

The India Metal Packaging Market size is expected to reach USD 9.67 billion in 2024 and grow at a CAGR of 5.75% to reach USD 12.79 billion by 2029.

In 2024, the India Metal Packaging Market size is expected to reach USD 9.67 billion.

India Metal Packaging Market Report Snapshots

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