John Nelson, publisher of Smithers, has announced the metal packaging market trends for the next five years. The metal packaging sector will generate a market value of €117 billion, representing a CAGR of 3.0%.
By 2024, cans have reached 60% of the total packaging market, something that will remain stable until 2029.
The Smithers report points to the rapid growth of the Midwest and Africa as producers with a 5.5% CAGR, followed by South America and Central America, with 4.3% growth
More than 60% of the end market for this metal packaging is made up of cans, the rest being split between metal caps and closures, steel boxes barrels and the like, metal bulk containers and other types of products.
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