According to Fortune Business Insights, the global metal packaging market size was valued at USD 146.70 billion in 2023 and is projected to grow from USD 150.59 billion in 2024 to USD 194.68 billion by 2032, exhibiting a CAGR of 3.26% during the forecast period. North America dominated the metal packaging market with a market share of 34.57% in 2023.
Metal packaging is the packaging solution offered to varied end-use industries with the usage of aluminum and steel. The properties such as recyclability, high density, mechanical durability, toughness, and high thermal conductivity improve its use in various applications. Metal packaging helps to restrict sunlight and keeps the product from safe; hence, an increase in demand is anticipated to drive the market growth.
Fortune Business Insights™ mentioned this in a report titled “Metal Packaging Market, 2024-2032.”
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List of Key Players Present in the Report: