Vietnam Metal Can Packaging Market Size (2024 - 2029)

Vietnam Metal Can Packaging Market Analysis

The Vietnam Metal Can Packaging Market size is estimated at USD 2.11 billion in 2024, and is expected to reach USD 2.45 billion by 2029, growing at a CAGR of 3.07% during the forecast period (2024-2029).

This growth is attributed to the rising demand for metal cans in the country due to the rising consumption of alcoholic and non-alcoholic beverages, such as beer and carbonated drinks.

• Food can demand increased as a result of lockdown orders being implemented in Vietnam as people stocked up on tinned goods. As consumers move from public spaces like bars and restaurants to more private spaces like their homes, the demand for beverage cans has risen.
• The growing rate of urbanization across the country has resulted in a higher demand for convenience food. Eating out and convenience food take over food shopping, preparing, and home cooking in Vietnam. The fast-growing middle class and the young population are this trend's two major growth factors.
• Furthermore, the government of Vietnam is promoting the use of aluminum cans in the country. For instance, in January 2021, the Ministry of Natural Resources and Environment (MoNRE) and Ball Corporation came together in a campaign to promote the use and recycling of beverage cans in Vietnam.
• Aluminum is mostly used for food packaging owing to its strong resistance to rust and corrosion, as food that is sensitive to light can be protected more reliably using aluminum cans. However, as mixing plastic and metal provides a solution to long-term storage, a polystyrene tray inside a foil-laminated pouch is getting demand for food packaging.
• The implementation of the lockdown due to COVID-19 orders in Vietnam resulted in a spike in demand for food cans as people stocked up on tinned goods. The demand for beverage cans has increased as consumers switch from socially constrained settings like pubs and restaurants to more private settings like their homes.

Vietnam Metal Can Packaging Industry Segmentation

Metal cans are among the best packaging options for the mobile lifestyle that many consumers in the area lead. These can be carried or transported easily to outdoor sporting events, festivals, and beaches, whereas glass is typically forbidden because of its breakability. Additionally, the affordability and recyclability of cans, the rising popularity of energy drinks, and the launch of new goods all contribute to the market growth under study.

The Vietnamese metal cans packaging market covers segmentation by type (aluminum, steel) and end user (food, beverage, cosmetics, personal care, pharmaceuticals, paints, automotive, and other end users). The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates during the forecast period.