Industrial Metal Packaging Market Size (2024 - 2029)

Industrial Metal Packaging Market Analysis

The Industrial Metal Packaging Market size is estimated at USD 54.24 billion in 2024, and is expected to reach USD 61.35 billion by 2029, growing at a CAGR of 2.49% during the forecast period (2024-2029).

• Metal bulk containers, particularly those composed of steel and aluminum, provide exceptional durability and protection, making them the preferred container for industries that prioritize product integrity. Also, the continued global expansion and industrialization, especially in developing economies, are expected to stimulate the demand for industrial lubricants and fluids. As a result, there will be an increased demand for sturdy packaging solutions, positioning metal packaging for substantial growth.
• Throughout product shipment, it is important to consider that the package is regularly exposed to torque forces, external and internal pressure, extreme temperatures, and other unfavorable conditions. Steel's mechanical performance includes high strength and high-pressure resistance and cannot be damaged easily. This ensures the safety of packaged products and facilitates storage, transportation, handling, and use.
• The steel drums are a safe way to store low-viscosity fluids and other hazardous chemicals used in the oil industry; plastic drums are inferior to steel drums. When employed with an efficient fire suppression system, steel drums of the retrieving type provide the best protection against high-temperature fires. Such unique properties are expected to drive industrial drums in the petroleum and lubricant sector.
• In addition, the rising productivity, imports, and oil exports result in the growth of international trade, potentially increasing demand for industrial metal packaging. The rise in the market for chemicals and petroleum lubricants from varied end-user industries and a significant focus on strengthening the supply chain capability is expected to drive the need for industrial metal packaging.
• The landscape of industrial packaging is undergoing a profound transformation in transportation and shipping fueled by sustainability considerations, and steel intermediate bulk containers (IBCs) occupy a prominent position. Steel IBCs illustrate environmentally responsible packaging due to their inherent characteristics, such as robustness and reusability, which significantly reduce environmental impact throughout their lifespan.

Industrial Metal Packaging Industry Segmentation

For storage and transportation, industrial metal packaging includes bulk packaging solutions such as drums, IBCs, and other bulk containers made from steel or aluminum. These solutions provide exceptional durability and protection, making them the preferred container for industries that prioritize product integrity.

The industrial metal packaging market is segmented by material type (aluminum and steel), product type (IBCs, shipping barrels and drums, and bulk containers [pails and kegs]), end-user industry (food & beverage, chemicals and pharmaceuticals, oil and petrochemicals, building and construction, and automotive), and geography (North America [United States and Canada], Europe [United Kingdom, Germany, France, Italy, Spain, and Rest of Europe], Asia-Pacific [China, Japan, India, Vietnam, Thailand, Australia and New Zealand, and Rest of Asia Pacific], Latin America [Brazil, Mexico, Argentina, and Rest of Latin America], and Middle East and Africa [Saudi Arabia, South Africa, Egypt, United Arab Emirates, and Rest of the Middle East and Africa]). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.