Market Size of Industrial Metal Packaging Industry
![Industrial Metal Packaging Market Summary](https://s3.mordorintelligence.com/industrial-metal-packaging-market/1716463599141-industrial-metal-packaging-market-Market-Summary.png)
Study Period | 2019 - 2029 |
Market Size (2024) | USD 54.24 Billion |
Market Size (2029) | USD 61.35 Billion |
CAGR (2024 - 2029) | 2.49 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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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.
By Material Type | |
Aluminium | |
Steel |
By Product Type | |
IBCs | |
Shipping Barrels and Drums | |
Bulk Containers (Pails, Kegs, etc.) |
By End-user Industry | |
Food & Beverage | |
Chemicals and Pharmaceuticals | |
Oil and Petrochemicals | |
Building and Construction | |
Automotive |
By Geography*** | ||||||||
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Industrial Metal Packaging Market Size Summary
The industrial metal packaging market is poised for steady growth, driven by the increasing demand for durable and protective packaging solutions across various industries. Metal bulk containers, particularly those made from steel and aluminum, are favored for their exceptional strength and resistance to external forces, making them ideal for storing and transporting hazardous materials. The ongoing global industrialization, especially in developing regions, is expected to boost the demand for industrial lubricants and fluids, thereby enhancing the need for robust metal packaging. This trend is further supported by the rising international trade in chemicals and petroleum products, which necessitates reliable packaging solutions to ensure product integrity during transportation.
The market landscape is characterized by a shift towards sustainability, with steel intermediate bulk containers (IBCs) gaining prominence due to their reusability and reduced environmental impact. The demand for bulk packaging solutions, such as drums and IBCs, is increasing as industries like chemicals, pharmaceuticals, and food and beverages seek high-quality containers for safe product transportation. The industrial metal packaging market is fragmented, with key players engaging in strategic acquisitions to expand their market presence and enhance their product offerings. These developments, coupled with favorable government policies and the availability of raw materials, particularly in regions like India, are expected to drive the market's growth during the forecast period.
Industrial Metal Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Impact of Geopolitical Scenario on the Market
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2. MARKET SEGMENTATION
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2.1 By Material Type
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2.1.1 Aluminium
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2.1.2 Steel
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2.2 By Product Type
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2.2.1 IBCs
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2.2.2 Shipping Barrels and Drums
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2.2.3 Bulk Containers (Pails, Kegs, etc.)
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2.3 By End-user Industry
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2.3.1 Food & Beverage
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2.3.2 Chemicals and Pharmaceuticals
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2.3.3 Oil and Petrochemicals
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2.3.4 Building and Construction
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2.3.5 Automotive
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2.4 By Geography***
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 France
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2.4.2.4 Spain
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2.4.2.5 Italy
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2.4.3 Asia
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2.4.3.1 China
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2.4.3.2 India
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2.4.3.3 Japan
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2.4.3.4 Thailand
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2.4.3.5 Vietnam
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2.4.3.6 Australia and New Zealand
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2.4.4 Latin America
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2.4.4.1 Brazil
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2.4.4.2 Mexico
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2.4.4.3 Argentina
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2.4.5 Middle East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Egypt
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2.4.5.4 United Arab Emirates
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Industrial Metal Packaging Market Size FAQs
How big is the Industrial Metal Packaging Market?
The Industrial Metal Packaging Market size is expected to reach USD 54.24 billion in 2024 and grow at a CAGR of 2.49% to reach USD 61.35 billion by 2029.
What is the current Industrial Metal Packaging Market size?
In 2024, the Industrial Metal Packaging Market size is expected to reach USD 54.24 billion.