Global Metal Packaging Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Metal Packaging Market 2021 (Includes Business Impact of COVID-19)
Trusted Business Insights presents insights on its recently created report titled, Global Metal Packaging Market Size, Regional Market Shares, Trends, Drivers, Internal and External Threats, and Forecast: 2019 to 2028. The global metal packaging market is estimated to register a notable CAGR in terms of revenue over the 10-year period (2019“2028). The global metal packaging market report has been segmented on the basis of material type, product type, application, and region.
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The global Metal Packaging market size was valued at USD $133.61 billion in 2020 and is projected to reach $996.87 billion by 2030, and is anticipated to expand at a CAGR of 13.92% over the forecast period from 2020 to 2030.


Metal Packaging: Overview


Metal packaging, made using either aluminum or steel, is smart packaging solution used in various industrial verticals, wholesale and retail sectors, and other commercial sectors. Metal Packaging helps to protect and preserve the products from getting spoilt, with a proven safety and sustainability record. In comparison with other materials, steel and aluminum-based metal packaging are being considered as more environment-friendly. Also, these raw materials are 100% recyclable and offer multi-recyclable characteristics with minimal or no loss of packaging material quality. These two raw materials can be used to manufacture packaging of variety of sizes, shapes, and hence can be used in various industries including food & beverages, pharmaceuticals, chemicals, personal care products, among others.


Driving, Hindering, and Trending Forces, and Their Impact on Market Growth


Metal material-based packaging have properties that help to easily get molded and shaped using modern techniques and by adopting advanced machines in order to produce easy-to-open lids, variety of surface designs, with higher tightness and solidity. This is among the major drivers of the global metal packaging market. Rapidly growing demand for canned food, ready-to-eat food, carbonated and non-carbonated drinks is expected to have a positive impact on the target market significantly. In addition, rising adoption of drums & barrels by various industries such as paints and coatings, and chemical industries is expected to boost growth of the global metal packaging market.

However, increasing environmental concerns regarding recycling of metal materials and adoption of high-density polyethylene (HDPE) and Polyethylene terephthalate (PET) bottles are factors that could challenge revenue growth of the global market.

Key trend observed in the global metal packaging market is that the manufacturers are focusing on development and production of re-closable cans and microwave-suitable containers in order to meet consumer demands with regards to the metal packaging and sustain in the global market. In addition to that, various manufacturers are focusing on decreasing wall thicknesses and adopting environment-friendly and cost-efficient coatings.

Segment Analysis

By Material Type:

Among the material type segments, the aluminum is most preferred metal used for packaging as aluminum is lightweight and flexible, and enables production of various shapes and sizes of packaging. Due to these factors, the aluminum segment is estimated to account for the largest share in terms of revenue in the target market.

By Product type:

Among product types mentioned below, the cans and the drums & barrels segments are anticipated to hold dominant position in terms of revenue share in the global metal packaging market. The segment is expected to account for notable growth rate in the target market.

By Application:

Among the application segments, the food & beverages segment is projected to witness highest growth rate over the next 10 years, owing to rapidly growing food & beverages industry across the globe, coupled with rising need for metal packaging for canned food products and drinks. The pharmaceuticals segment is estimated to grow at a CAGR of X.X % over the next 10 years, due to increasing global number of patients with certain kind of diseases or disorders, coupled with ever-increasing need for pharmaceuticals used for treatment.

Analysis by Region

The North America market accounted for the largest share in the global metal packaging market in terms of revenue, owing to strong presence of various end-use industries such as food & beverage and pharmaceutical industries in the countries in the region. In addition, factors such as rising preference towards packed food, ready-to-eat food, alcoholic and non-alcoholic beverages, combined with need for lightweight and easy-to-dispose packaging have significantly resulted in demand for metal packaging, thus driving the NA market growth. The Europe market is expected to account for second-largest revenue share in the global market, due to increasing dependency on canned food, rising consumption of canned alcoholic beverages, presence of major metal packaging players in the region. The Asia Pacific metal packaging market is projected to grow at a substantial CAGR owing to growing industrialization in countries such as India, China and Japan, resulting in increasing demand for bulk metal containers such as barrels and drums. Additionally, rising investments on technological advancements in metal packaging is expected to create growth opportunities for players in the APAC market in the years to come.


Below are the active patents related to Metal Packaging Market.


Patent Number: US20050279657A1

Metal packaging

Abstract

A packaging comprising a first and second outer part of metallic material, an inner part of non-metallic material made in one piece and comprising a first and second opposed side between which an element can be stored and a hinging part forming at least one hinge connecting said sides and allowing the sides to be rotated relative to each other within an angle so as to open the packaging and adapting the packaging and adapting the packaging for packing in an automated packing machine. At least a part of a perimeter of the first and second outer part is adapted to retain the inner part in order to attach said outer parts to said respective sides of said inner part for covering substantial part of the outer surfaces of the sides.

Application File Date: 2005-03-15

Application Granted Date: 2007-06-19

Current Assignee: Glud and Marstrand AS

Patent Number: US8453857B2

Tamper evident closure for containers provided with a threaded neck

Abstract

The present invention relates to a closure preferably for containers which have a standard threaded neck, which comprises a metal cap to prevent liquid from escaping from the container, a metal sleeve and a polymer ring which are coaxial relative to the latter, wherein the polymer ring comprises a first portion which has a diameter D1 and a second portion which has a diameter D2<D1, the metal cap comprises an end portion which is disposed around the second portion before the initial opening takes place, the closure being able, during the initial opening, to allow said end portion to pass over the first portion.

Application File Date: 2008-02-21

Application Granted Date: 2013-06-04

Current Assignee: Guala Closures SpA

Global Metal Packaging Market Segmentation:

Segmentation by Material Type:

  
Steel
  
Aluminum

Segmentation by Product Type:

  
Cans
  
Drums & Barrels
  
Caps & Closures
  
Others

Segmentation by Application:

  
Food & Beverages
  
Pharmaceuticals
  
Personal Care
  
Others


Key Market Players included in the report:


  
Alcoa Incorporated
  
Amcor Limited
  
Anheuser-Busch Companies Inc.
  
Ardagh Group (Ireland)
  
Ball Corporation (US)
  
Bericap Group
  
BWAY Corporation (US)
  
CAN-PACK SA (Poland)
  
CCL Industries Inc.
  
CPMC Holdings Limited (China)
  
Crown Holdings Incorporated
  
Emballator Metal Group (Sweden)
  
Fujian Fuzhen Metal Packaging Co. Ltd.,
  
GM Metal Packaging Ltd.
  
Grief Incorporated
  
HUBER Packaging Group GmbH (Germany).
  
Jamestrong Packaging
  
Manaksia Group
  
Metal Packaging Europe (Belgium)
  
Rexam Plc.
  
Reynolds Group Holdings
  
Shetron Group
  
Silgan Holdings Incorporated
  
Sonoco Products Company
  
Tata Steel Packaging
  
Ton YI Industrial Corporation (Taiwan)
  
Toyo Seikan Group Holdings (Japan)


Below are the key development related to Metal Packaging Market in 2020 and 2021.


August 2021: Ardagh Metal Packaging S.A. and Gores Holdings V Announce Completion of Business Combination. AMP Raises Approximately $1.0 billion Gross Proceeds. To Commence Trading on NYSE on August 5 Under Ticker "AMBP. Ardagh Metal Packaging S.A. ("AMP" or the "Company"), a leading provider of sustainable and infinitely-recyclable beverage cans and Gores Holdings V, Inc. ("Gores Holdings V") (NASDAQ: GRSV, GRSVU and GRSVW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, announced the completion of their previously announced business combination (the "Business Combination"). The combined company will be named Ardagh Metal Packaging S.A. and will commence trading on the New York Stock Exchange on August 5, 2021 under the new ticker symbol "AMBP". The Business Combination was approved at a special meeting of Gores Holdings V stockholders on August 3, 2021. As a global leader in the supply of sustainable and infinitely recyclable beverage cans, AMP has a leading presence in the Americas and Europe and is the second-largest beverage can producer in Europe and the third-largest in the Americas. AMP is the only listed pure-play beverage can company of scale and believes that strong demand in traditional and new beverage categories, coupled with environmentally-conscious end consumers, is driving an inflection point in beverage can demand and creating multi-faceted growth opportunities which AMP is well-positioned to capitalize on. Source

April 2021: KPS Capital Partners, LP ("KPS") announced that it has signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business (the "EMEA Food and Consumer Packaging Business" or the "Company") from Crown Holdings, Inc. (NYSE: CCK, "Crown") for €2.25 billion (approximately $2.7 billion). Crown will retain 20% ownership of the Company. The EMEA Food and Consumer Packaging Business is the largest manufacturer of steel and aluminum food packaging in Europe and is a leading manufacturer of aerosol and promotional packaging. The Company is critical to the European food supply chain and has hundreds of global and regional food and consumer products customers. Source

February 2021: Berlin Packaging continues its expansion in Europe with the acquisition of Sodis-Uhart and Audoubert. Glass and metal packaging offering expands in France. Berlin Packaging, the worlds largest hybrid packaging supplier, announced the acquisition of Sodis-Uhart and Audoubert, two historic companies offering glass and metal packaging in France. Source

December 2020: Apollo-Led Consortium to Acquire 49.9 Percent Interest in Anheuser-Busch InBev’s US-Based Metal Container Plants. Transaction Showcases Apollo’s High Quality Investment and Corporate Solutions Platform. Apollo Global Management, Inc. (NYSE: APO ) announced that accounts and entities advised by Apollo and its subsidiaries (collectively “Apollo”) and a group of institutional investors have entered into a strategic relationship with Anheuser-Busch InBev SA/NV (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) (“AB InBev”) to acquire a 49.9% stake in Anheuser-Busch InBev’s US-based metal container plants for approximately 3 billion USD. This transaction, once completed, will allow AB InBev to create additional shareholder value by optimizing its business at an attractive price and generate proceeds to repay debt, in line with its deleveraging commitments. For Apollo, the transaction presents a unique opportunity to invest in high-quality assets with long-term, stable cashflows alongside the world’s leading brewer, AB InBev. Apollo is leveraging its expertise across its integrated investment platform to help AB InBev optimize its assets and unlock shareholder value amid a complex market environment. Source