Latin America Metal Packaging Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 12.10 Billion |
| Market Size (2029) | USD 14.13 Billion |
| CAGR (2024 - 2029) | 3.14 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Metal Packaging Market Analysis
The Latin America Metal Packaging Market size is estimated at USD 12.10 billion in 2024, and is expected to reach USD 14.13 billion by 2029, growing at a CAGR of 3.14% during the forecast period (2024-2029).
- The zero landfill target in the region is the primary factor impacting the growth of metal packaging solutions. Metal packaging products are easily recyclable, which makes them a popular choice among end-user industries in the region. All aluminum can manufacturing units in Brazil operate as zero landfills, including Ardagh Metal Packaging, Ball Corporation, Crown Holdings, and CanPack SA.
- In addition, Brazil is one of the global leaders in aluminum can recycling. The country achieved a record of 100% aluminum can recycling in previous years. Around 36 recycling units have been established in 19 states across the country. The developing recycling infrastructure aids the growth of metal packaging in the region.
- The increasing consumption of packaged healthy beverage products in the region drives the demand for metal cans. To cater to changing lifestyles and the need for easy-to-use and easy-to-carry packaging solutions, beverage brands are adopting metal cans.
- The usage of metal packaging solutions such as aerosol cans and sprays is increasing in the cosmetic and personal care industry. The presence of major cosmetic product manufacturers in the region is expected to push metal packaging sales. Mexico is ranked among the world's top 10 markets for cosmetics and personal care products and the second-largest market in Latin America for beauty products.
- Significant players in the industry are investing in expanding their production facilities in the region to cater to the increasing demand for metal packaging across a range of industries. To improve their product offerings, expand their market presence, and use other companies' production and distribution experience, businesses are now collaborating and forming strategic alliances.
Latin America Metal Packaging Market Trends
Increasing Beverage Consumption in Brazil Driving Sales of Metal Packaging Solutions
- The beverage consumption in Brazil is rising, particularly of non-alcoholic drinks. The country’s climate and vibrant culture contribute to the high consumption of soft drinks among consumers. Increasing disposable incomes and the growing middle-income population in the country aid in the growth of the beverage segment. This ultimately impacts the packaging market, including metal packaging for beverage products. Also, the presence of significant beverage manufacturers in the country is driving the demand for metal packaging.
- Metal packaging, such as metal cans, is opted for in beverage packaging by manufacturers. These packing solutions help a brand address growing sustainability concerns and cater to the ever-increasing need for convenient and attractive packaging solutions. Also, the launch of new products and flavors significantly impacts the growth of the metal cans market. For instance, in March 2024, innovative Brazilian beverage company BrasilBev launched Organique, an organic energy drink in metal cans across the region.
- The country's growing tourism industry and events such as the World Cup result in increased sales of packaged beverage products. According to the Brazilian Central Bank, the tourism industry in the country recently hit a historic record, generating USD 6.9 billion. The increased number of tourists is projected to drive the sales of canned beverages in the country, ultimately impacting the metal packaging market.
- The beverage brands are collaborating with metal packaging manufacturers to meet the demand for packaged beverage products and achieve sustainability goals. For instance, in July 2023, Socorro Bebidas, a Brazilian beverage producer, announced its partnership with Crown Holdings Inc. to launch Acquíssima Sabor-flavored mineral water in 350ml (12oz) CrownSleek cans. This was intended to help the beverage producer convey the brand's uniqueness and commitment to sustainability using beverage cans.
- The annual consumption of non-alcoholic beverages in Brazil reached 21.02 billion liters in 2023 from 19.68 billion liters in 2019. The increasing consumption of non-alcoholic beverages in the country drives the demand for metal can packaging owing to the benefits offered by metal packaging solutions.
Innovation in Metal Packaging for Storage of Hazardous Materials
- Metal packaging is an ideal solution for hazardous material storage due to its benefits like durability and resistance against external forces. Metal drums provide superior protection from impact puncture and are resistant to ultraviolet (UV) radiation, which makes them suitable for outdoor storage. Hazardous materials could pose a threat if not managed or handled carefully. Packaging technology used for protecting and transporting chemical products distinguishes the hazardous materials packaging market. Manufacturers of such material packaging provide various solutions for dangerous chemicals such as IBCs and drums.
- Hazardous chemical packaging eliminates transit damage and increases products’ shelf life during transportation. The risk of spillage, explosion, and corrosion is reduced due to chemical products' efficient encapsulation. Hazardous material packaging offers a protective solution to chemicals extensively used in the chemical and pharmaceutical industries.
- The steel storage containers are sturdier and can last up to many years. They offer more suitable hygienic properties than other options and are highly preferred for all shipping types, including air, sea, and rail. Also, carbon steel storage containers are used for chemical storage and transportation. They are equally as solid and anti-corrosive as stainless steel but tend to cost less.
- Shipping hazardous materials must be managed closely to minimize loss of assets and monitor all legal container compliance requirements. Electronic tagging of IBCs is forecast to facilitate traceability of industrial substances, which manufacturers need to reduce the cost of lost or damaged IBCs. IBCs are used for the low storage cost and transportation of fluids in bulk quantity compared to drums. The round shape of drums forms ample unused space, while IBCs ensure efficient space utilization. Metal packaging can also be used multiple times, further driving market growth.
- Brazil's chemical industry is ranked sixth globally and is vital for the country’s economic and industrial growth. The production Y-o-Y growth rate in Brazil's chemical industry was 8.2% in 2023 and 6.1% and 8.9% in Chile and Other Latin American countries, respectively. Such developments are expected to have a positive impact on the market.
Latin America Metal Packaging Industry Overview
The metal packaging market in Latin America is semi-consolidated. The key players in the market are focusing on increasing their product portfolio and presence in the region to capitalize on their market share. Also, the players are trying to establish partnerships or collaborations with other end-use brands to increase the customer base.
- November 2023: Mauser Packaging Solutions announced the acquisition of Taenza SA de CV, a company engaged in manufacturing tin-steel aerosol cans and steel pails based in Mexico. This will help the company strengthen its presence in the country and utilize its expertise to serve its customers better.
Latin America Metal Packaging Market Leaders
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Ardagh Metal Packaging S.A. (Ardagh Group)
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Ball Corporation
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Crown Holdings, Inc.
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CANPACK S.A. (CANPACK Group)
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Greif, Inc.
*Disclaimer: Major Players sorted in no particular order
Latin America Metal Packaging Market News
- February 2024: São Geraldo announced its partnership with CANPACK SA to launch its flagship beverage in 350 ml infinitely recyclable cans. São Geraldo included cans as a packaging solution for its cashew fruit-flavor drink, which was previously only available in PET or glass bottles.
- October 2023: Colep Packaging announced a joint venture with Envases Group for the construction of an aerosol packaging plant in Mexico. The new plant in Mexico would include three aluminum aerosol lines. With the construction of a new plant, the company can focus better on serving customers in Mexico as well as in Central America.
Latin America Metal Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces' Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Impact of Geopolitical Scenario on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.2 Increasing Beverage Consumption in Brazil Driving the Sales of Metal Packaging Solutions
5.3 Availability of Recycling Infrastructure in the Region
5.4 Market Restraints
5.5 Prices and Availability of Raw Materials
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Aluminum
6.1.2 Steel
6.2 By Product Type
6.2.1 Cans
6.2.1.1 Food Cans
6.2.1.2 Beverage Cans
6.2.1.3 Aerosol Cans
6.2.2 Bulk Containers
6.2.3 Shipping Barrels and Drums
6.2.4 Caps & Closures
6.2.5 Other Product Types
6.3 By End-user Industry
6.3.1 Beverage
6.3.2 Food
6.3.3 Cosmetics & Personal Care
6.3.4 Household
6.3.5 Paints & Varnishes
6.3.6 Other End-user Industries
6.4 By Country***
6.4.1 Brazil
6.4.2 Mexico
6.4.3 Argentina
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Ardagh Metal Packaging SA (Ardagh Group)
7.1.2 Ball Corporation
7.1.3 Crown Holdings Inc.
7.1.4 CANPACK SA (CANPACK Group)
7.1.5 Greif Inc.
7.1.6 Mauser Packaging Solutions
7.1.7 Trivium Packaging
7.1.8 Closure Systems International Inc. (CSI)
7.1.9 Guala Closures SpA
7.1.10 Schutz GmbH & Co. KGaA
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Latin America Metal Packaging Industry Segmentation
Metal packaging solutions include packaging products such as cans, containers, drums, and other products made from steel or aluminum material. The study covers the Latin American metal packaging market. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the growth of the metal packaging market in terms of drivers and restraints. The entire supply chain, ranging from metal production to product consumption and recycling, has been studied to understand the key trends, developments, role of substitutes, etc.
The Latin American 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 (Brazil, Mexico, Argentina, and Rest of Latin America). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Material Type | |
| Aluminum | |
| Steel |
| By Product Type | |||||
| |||||
| 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*** | |
| Brazil | |
| Mexico | |
| Argentina |
Latin America Metal Packaging Market Research FAQs
How big is the Latin America Metal Packaging Market?
The Latin America Metal Packaging Market size is expected to reach USD 12.10 billion in 2024 and grow at a CAGR of 3.14% to reach USD 14.13 billion by 2029.
What is the current Latin America Metal Packaging Market size?
In 2024, the Latin America Metal Packaging Market size is expected to reach USD 12.10 billion.
Who are the key players in Latin America Metal Packaging Market?
Ardagh Metal Packaging S.A. (Ardagh Group), Ball Corporation, Crown Holdings, Inc., CANPACK S.A. (CANPACK Group) and Greif, Inc. are the major companies operating in the Latin America Metal Packaging Market.
What years does this Latin America Metal Packaging Market cover, and what was the market size in 2023?
In 2023, the Latin America Metal Packaging Market size was estimated at USD 11.72 billion. The report covers the Latin America Metal Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Metal Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Metal Packaging Industry Report
Statistics for the 2024 Latin America Metal Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America 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.
