South America Metal Packaging Market - Forecast(2022 - 2027)

Report Code: CMR 1230 Report Format: PDF + Excel

South America Metal Packaging Market Overview

South America Metal Packaging market size is forecast to reach US$12.8 billion by 2026, after growing at a CAGR of 3.1% during 2021-2026. Metal packaging is a packaging process used for protecting products with aluminum and steel layers for distribution, storage, and sale. Drawn cans and can ends are widely used in the food & beverage industry for packing soft drinks, energy drinks, beer and many more. The growing demand from various industries such as food & beverage, pharmaceutical, personal care, chemicals, and households among others are driving the market growth for metal packaging during the forecast period. The growing population along with the growing demand for food & beverage processing is one of the major factors driving the market growth. The changing lifestyle, food habits are driving the demand for packaged foods which is further driving the demand for metal packaging. The increasing globalization activities along with the growing transportation of goods is also boosting the market growth. The increased consumption of canned food and the recyclability nature of steel and aluminum metals are positively supporting the market growth for metal packaging. However, the growing usage of polymeric products for the packaging industry is restraining the market growth for metal packaging during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were largely hit to some extent was the packaging industry. The temporary shutdown of manufacturing facilities has negatively impacted the market. The downfall in the production of metal cans, disruption of logistical services, and lack of workforce impacted the market negatively during the covid-19 crises. Travel restrictions have reduced the supply of raw materials required for the manufacturing of metal packaging, which, in turn, has affected negatively the market growth during the pandemic.

South America Metal Packaging Market Report Coverage

The report: “South America Metal Packaging Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the South America Metal Packaging industry.

By Type: Food & Beverage Cans [Two Piece (Drawn), Three Piece, can ends (Classic Ends vs Easy Open Ends), Hybrid], Paint Cans and Pails, Drums, Aerosol [Aerosol Tops, Aerosol Bottoms, and Aerosol Bodies], Tubes, Trays, Caps & Closures and Lids [Crowns, Vacuum Lug Closures / Closures, Aluminium Closures, and Lids], Foils, Industrial Cans [Lever lid, Plug lid, Filler, Printing Inks, and Seamed-lid], Canisters, and Funnel Bottles
By Material Type: Aluminium (Recycled and Virgin), and Alloys [Aluminium, and Steel (Recycled vs Virgin) {Electrolytic Tinplate (ETP), Electrolytic Chromium Coated Steel (ECCS), Tin Free Steel, and Others}, Tin, and Others.]
By Coating Type: Resin(S), Cross-Linking Agents, Additives, Solvents, and Others
By Packaging Volume: 0-100 ml, 100ml - 250 ml, 250 ml - 500 ml, 500 ml - 1 liter, 1litre - 5 liter, 5litre - 10 liter, 10 liters - 25 liter, 25 liters -50 liter, and 50 liters and above
By End-Use Industry: Food [Seafood, Meat, Infant Nutrition & Dairy, Vegetables, Catering, Biscuits, Cookies & Confectionary, Fats & Oils, and Toppings], Beverages [Soft Drinks, Hard Drinks, and Energy Drinks], Healthcare, Pharmaceuticals and Nutraceuticals, Personal Care [Shampoo, Deodorants  & Sprays, Skin Care products, Coloring & Make-up, and Others], Household & Consumer [Pet-care Products, Shoe Polish & Wax products, Cleaners & Pest control, and Others], DIY, Tobacco, and relevant products, Industrial [Construction Chemicals, Industrial Paints & Coatings, and Others (Aerosol)]
By Geography: Brazil, Argentina, Colombia, Chile, Peru, Ecuador, Venezuela, Bolivia, and Rest of South America

Key Takeaways

  • Brazil is expected to register a significant CAGR of 3.4% during the forecast period (2021-2026).  Changing lifestyles, increasing consumer spending, emerging economies, and rapid population growth are the major factors driving the market growth for metal packaging during the forecast period 
  • Metal packaging is gaining popularity due to changing consumer taste, rising sales of grocery products including frozen and chilled food among others. 
  • The manufacturers are involved in developing advanced packaging solutions for different end-use industries. Investments in research and developments to enhance the capabilities of South American metal packaging are supporting the market growth.

Figure: Brazil Metal Packaging Market Revenue, 2020-2026 (US$ Billion)

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South America Metal Packaging Market Segment Analysis - By Type

The food & beverage cans segment accounted for approximately 18% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. Cans are the most widely used package types compared to other packing types.  They are gaining popularity in both developed and developing countries due to the high demand for beverages. Cans are available in different sizes and shapes and they are easy to handle. The growing consumption of diet cokes and soft drinks is boosting the segment growth. Metal cans have a lighter environmental footprint and metal is easy to recycle through natural processes. The drums segment is expected to hold a significant share in the South America Metal packaging market. The growing transportation of chemicals and vegetable oil is driving the market growth for the drums segment.

South America Metal Packaging Market Segment Analysis – By Material Type

The commonly used materials in metal packaging include aluminum and steel. The aluminum segment is accounted for more than 40% of the market share in 2020 and is estimated to grow significantly during the forecast period 2021-2026. Aluminum metals are flexible and support unique shapes and styles for advanced packaging systems. Lightweight aluminum cans offer more accessibility and convenience, especially for food and beverage products. The increasing environmental concerns, along with the growing usage of aluminum cans due to their low environmental impact are supporting the segment growth during the forecast period. The aluminum metal packaging solution can be easily recycled and can save up to 74% of the energy used to produce them.

South America Metal Packaging Market Segment Analysis – By Application

The food & beverage segment accounted for more than 28% of the market share in 2020 and is estimated to grow significantly during the forecast period 2021-2026. Metal packaging extends the shelf life of food & beverage products and delivers protection against light, oxygen, and bacteria. The growing demand for canned food in Brazil is driving the market growth during the forecast period. The rise in awareness regarding the drawbacks of using single-use plastics along with stringent government regulation on plastics are supporting the metal packaging growth in the food & beverage industry.

South America Metal Packaging Market Segment Analysis - By Geography

Brazil held the largest share in the South America metal packaging market in 2020 up to 30%, owing to the presence of multiple end-users in the region. The presence of food & beverage processing companies such as JBS Brazil, Cosan, BRF, and Marfrig Global Foods among others are driving the Brazil metal packaging market. According to a research article, Brazil’s chemical industry is the third-largest industrial sector in the economy, representing around 10% of overall industrial GDP. According to the data published by the World steel organization, Brazil produced approximately 31MT of steel in 2020 and 32.6MT in 2019. Brazil holds about 80% share in total steel production in South America during 2019-2020.

South America Metal Packaging Market Drivers:

Growing food & beverage industry

The food & beverage industry is one of the prominent end-user of metal packaging. The growing restriction on plastic usage in food & beverage packing is driving the metal packing market. According to Euro monitor analysis, retail sales in the packaged food market in Brazil reached US$82.1 billion in 2020. According to the data published by the Brazilian Food Processors' Association, in 2019, the brazil foodservice industry accounted for US$117 billion. According to Food Export Organization, Brazil is the 11th largest U.S. export market for food products in the Latin American region. The organization also says that the total U.S. consumer food exports to Brazil reached US$217.3 million in 2020. Argentina’s Secretary of integral policy on drugs mentioned the country consumes the most alcohol per capita in Latin America.

High recyclability rates of metal packaging

Recycling metals minimize the use of Earth’s resources and decrease the level of greenhouse gas emissions used in subsequent production. The well-established recycling infrastructure for metal packaging in the region has contributed to its high recycling rates. Aluminum and steel are the most recycled materials in the packaging industry. Approximately 80% of steel packaging and 74% of aluminum beverage cans are recycled in Latin America. Ball corporation is one of the largest manufacturers of aluminum beverage cans in Brazil. According to the Brazilian Aluminum Association, and, the Brazilian Association of Can Manufacturers, the country recycled approximately 97.6% of beverage cans in 2019.

South America Metal Packaging Market Challenges:

Growing usage of plastic in the packaging industry

Plastic is widely incorporated in packaging applications because of its performance, cost-effectiveness, and durability. Plastic packaging is used in different industries such as food & beverage, pharmaceutical, consumer goods packaging, and cosmetic & personal care among others. Plastic is used for manufacturing bottles, carry bags, tubes, and trays among others. The low cost, water resistance, and lightweight of plastic are driving the usage in the packaging industry. Plastic products are also easily recyclable when compared to metal products. These are some of the major challenges restraining the market growth for metal packaging.

South America Metal Packaging Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the South America Metal Packaging market. Major players in the South America Metal Packaging market are:

1. Alcoa Incorporation
2. Sonoco
3. Amcor Limited
4. Ardagh Group
5. Ball Corporation
6. Crown Holdings
7. Bway Corporation
8. Grief Incorporated
9. Silgan Holdings
10. Manaksia Group
11. Shetron Group

Acquisitions/Technology Launches

  • In August 2020, Ball Corporation acquired Tubex Aluminum Aerosol Packaging Business in Brazil. The company acquisition includes a manufacturing plant in Itupeva, which is near Sao Paolo, Brazil. The Itupeva plant includes eight extruded aluminum aerosol can line and produces personal care packaging for global and local customers in Brazil.

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1. South America Metal Packaging Market- Market Overview
    1.1 Definitions and Scope 
2. South America Metal Packaging Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Material Type
    2.3 Key Trends by Coating Type
    2.4 Key Trends by Packaging Volume
    2.5 Key Trends by Application
    2.6 Key Trends by Geography
3. South America Metal Packaging Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. South America Metal Packaging Market - Startup Companies Scenario Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. South America Metal Packaging Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. South America Metal Packaging Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. South America Metal Packaging Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. South America Metal Packaging Market – By Type (Market Size -$Million/Billion)
    8.1 Food & Beverage Cans
        8.1.1 Two Piece (Drawn)
        8.1.2 Three Piece
        8.1.3 Can ends (Classic Ends vs Easy Open Ends)
        8.1.4 Hybrid
    8.2 Paint Cans and Pails
    8.3 Drums 
    8.4 Aerosol
        8.4.1 Aerosol Tops
        8.4.2 Aerosol Bottoms
        8.4.3 Aerosol Bodies
    8.5 Tubes
    8.6 Trays
    8.7 Caps & Closures and Lids
        8.7.1 Crowns 
        8.7.2 Vacuum Lug Closures / Closures
        8.7.3 Aluminum Closures
        8.7.4 Lids
    8.8 Foils
    8.9 Industrial Cans
        8.9.1 Lever lid
        8.9.2 Plug lid
        8.9.3 Filler
        8.9.4 Printing Inks
        8.9.5 Seamed-lid
    8.10 Canisters
    8.11 Funnel Bottles
9. South America Metal Packaging Market – By Material Type (Market Size -$Million/Billion)
    9.1 Aluminum (Recycled and Virgin)
    9.2 Alloys
        9.2.1 Aluminum
        9.2.2 Steel (Recycled vs Virgin)
            9.2.2.1 Electrolytic Tinplate (ETP)
            9.2.2.2 Electrolytic Chromium Coated Steel (ECCS)
            9.2.2.3 Tin Free Steel
            9.2.2.4 Others
        9.2.3 Tin 
        9.2.4 Others
10. South America Metal Packaging Market – By Coating Type (Market Size -$Million/Billion)
    10.1 Resin(S)
    10.2 Cross-Linking Agents
    10.3 Additives
    10.4 Solvents
    10.5 Others
11. South America Metal Packaging Market – By Packaging Volume (Market Size -$Million/Billion)
    11.1 0-100 ml
    11.2 100ml - 250 ml
    11.3 250 ml - 500 ml
    11.4 500 ml - 1 liter
    11.5 1litre - 5 liter
    11.6 5litre - 10 liter
    11.7 10 liters - 25 liter
    11.8 25 liters -50 liter
    11.9 50 liters and above
12. South America Metal Packaging Market – By Application (Market Size -$Million/Billion)
    12.1 Food
        12.1.1 Seafood
        12.1.2 Meat
        12.1.3 Infant Nutrition & Dairy
        12.1.4 Vegetables
        12.1.5 Catering
        12.1.6 Biscuits, Cookies & Confectionary
        12.1.7 Fats & Oils
        12.1.8 Toppings
    12.2 Beverages
        12.2.1 Soft Drinks
        12.2.2 Hard Drinks
        12.2.3 Energy Drinks
    12.3 Healthcare, Pharmaceuticals and Nutraceuticals 
    12.4 Personal Care
        12.4.1 Shampoo
        12.4.2 Deodorants & Sprays
        12.4.3 Skin Care products
        12.4.4 Coloring & Make-up
        12.4.5 Others
    12.5 Household & Consumer
        12.5.1 Pet-care Products
        12.5.2 Shoe Polish & Wax products
        12.5.3 Cleaners & Pest control
        12.5.4 Other
    12.6 DIY
    12.7 Tobacco and relevant products
    12.8 Industrial
        12.8.1 Construction Chemicals
        12.8.2 Industrial Paints & Coatings
        12.8.3 Others (Aerosol)
13. South America Metal Packaging Market - By Geography (Market Size -$Million/Billion)
    13.1 Brazil
    13.2 Argentina
    13.3 Colombia
    13.4 Chile
    13.5 Peru
    13.6 Ecuador
    13.7 Venezuela
    13.8 Bolivia
    13.9 Rest of South America
14. South America Metal Packaging Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. South America Metal Packaging Market Matrix – Industry/Segment Competition Landscape Premium 
    15.1 Company Benchmarking – Major Companies
    15.2 Market Share at Regional Level - Major companies
    15.3 Market Share by Key Country - Major companies
    15.4 Market Share by Key Application - Major companies
    15.5 Market Share by Key Product Type/Product category - Major companies
16. South America Metal Packaging Market – Key Company List by Country Premium Premium 
17. South America Metal Packaging Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"