Asia Pacific Metal Packaging Market Size (2024 - 2029)

APAC Metal Packaging Market Analysis

The Asia Pacific Metal Packaging Market size is estimated at USD 42.97 billion in 2024, and is expected to reach USD 51.30 billion by 2029, growing at a CAGR of 3.61% during the forecast period (2024-2029).

The Asia-Pacific metal packaging market is projected to register a positive growth rate over the coming years with the increasing adoption of various metal packaging solutions, such as cans and tubes, by various end-user industries in the region.

• The increasing concern among brand owners and consumers regarding sustainability and rising government regulations over the use of sustainable and recyclable packaging products are the major factors driving the demand for metal packaging in the region. In addition to this, the high production of steel and aluminum in the region attracts metal packaging manufacturers to establish their presence in Asia-Pacific countries.

• In July 2023, Orora Beverages announced its partnership with Velox-digital, an expert in the industrial rigid container market. Velox-digital will supply direct-to-shape digital printing solutions for can design and decoration to Orora Beverage. This will help the company meet its strong outlook for growth in the aluminum can market using new technology.

• The changing lifestyle and increasing consumer spending on go-to food and beverage products force food and beverage brands to offer their products in convenient and portable packaging solutions. Metal cans are used by food and beverage brands owing to the benefits offered by metal packaging.

• The need for durable and barrier-resistant rigid packaging solutions for storing and transporting chemicals and paint products in the region is expected to fuel the demand for metal bulk containers. The metal bulk containers are strong and offer durability while also protecting the content from the external environment.

• However, the presence of various alternative packaging materials, such as plastic and glass, may hamper the growth of the market. The imposition of BIS standards for certain metal packaging products, along with the unstable prices of raw materials, is expected to create a challenge for metal packaging manufacturers in the region.

APAC Metal Packaging Industry Segmentation

Metal packaging is gaining popularity in Asia-Pacific due to the environmental benefits offered by metal packaging in addition to quick and easy recycling. The increasing awareness among brand owners as well as consumers and rising government regulations relating to the use of plastic packaging are expected to fuel the growth of the metal packaging market in the region. In addition to the benefits offered by metal packaging products, the rising production of steel and aluminum in the region is projected to drive the sales of metal packaging products compared to other packaging materials among the end-user industries.

The Asia-Pacific 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 (China, India, Japan, South Korea, Australia and New Zealand, and Rest of Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.