Australia Metal Packaging Market Size (2024 - 2029)

Australia Metal Packaging Market Analysis

The Australia Metal Packaging Market is expected to register a CAGR of 1.5% over the forecast period. The ongoing trend of substantial environmental issues and increasing consumer demand for metal cans owing to their low environmental impact will fuel the growth of metal packaging. The high recyclability of metal cans is one factor that propels the demand for the market studied in Australia.

• Owing to its numerous advantages, such as stability, rigidity, and high barrier qualities, metal cans are frequently used to store and transport commodities across great distances. Metal cans constructed of steel and aluminum are the most popular in Australia. These qualities, such as softer and lighter, enable the makers to reduce logistics-related expenses.
• Many regular consumers of canned foods choose the products due to the convenience offered and lower cost of the products. Canned foods are more convenient to consume and require less energy and time to cook. Most canned foods take 40% less time to prepare than regular meals. Due to the ease and reduced price of canned goods, many regular customers opt to buy them. Foods in cans are easier to prepare and cook, using less energy and time.
• Canned food products such as vegetables and fruits undergo a process that increases their shelf life. These cans of food can be stored for months or years and are readily available throughout the year, across all seasons, which makes them a continent option for people. In Australia, cans are made of tin-coated steel. Canned fruits and vegetables are as nutritious and healthy as fresh and frozen. The number of minerals, fat-soluble vitamins, protein, fat, and carbohydrate remains relatively unchanged by the canning process.
• The increasing demand for sustainability and the worldwide ban on single-use plastic is expected to propel the demand for sustainable packaging, such as Metal cans. Australia has a significant global standing in the metal mining industry and is also the 2nd largest exporter of Cans (HSN Code 020443 & 020443) worldwide. This is evident from the fact that Australia is rich in natural resources, and iron ore is no exception. For instance, according to the World Bureau of Metal Statistics, Australia produced 922 million metric tons of iron ore in 2021. The increased iron ore production in Australia compared to the previous year indicates the rising demand for metal packaging.
• However, the availability of alternative packaging solutions, such as glass, provides tough competition to metal packaging in the same segment. The other alternate packaging solutions include plastic and paper.
• In an attempt to combat the COVID-19 outbreak, the packaging material choices were affected significantly. Packaging designs and materials that address hygiene and consumer safety concerns and minimize the possibility of the survival of the virus on the packaging material are expected to be certain factors when deciding on the packaging material. Hence, the adoption of metal packaging is anticipated to be on the rise, owing to its chemical properties. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem.

Australia Metal Packaging Industry Segmentation

Packaging provides a protective and informative covering to the product and protects the product during handling, storage, and movement. It also provides useful information about the content of the package. Packaging products made using aluminum, tinplate, or steel is termed metal packaging. It comes in various shapes and sizes and can package virtually any product. Metal packaging provides excellent barrier properties and is widely used in food packaging applications. They are used in different package forms and as closures, such as for glass bottles and composite cans.
The study tracks the demand for the metal packaging market through the revenue derived from metal. It also includes the effect of regulations and drivers on market growth. The Australia Metal Packaging Market is Segmented by Materials Type (Aluminum, Steel), Product Type (Cans, Bulk Containers, Shipping Barrels and Drums, Caps and Closures), and End-User (Beverage, Food, Paint & Chemical, Industrial). The market sizes and projections are provided (in USD million) for all the mentioned segments.