Latin America Metal Packaging Market Size (2024 - 2029)

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 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.