Metal Cans, Barrels, Drums and Pails

Global Metal Cans, Barrels, Drums and Pails Market to Reach US$107.7 Billion by 2030

The global market for Metal Cans, Barrels, Drums and Pails estimated at US$81.9 Billion in the year 2024, is expected to reach US$107.7 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Aluminum Metal Cans, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$61.6 Billion by the end of the analysis period. Growth in the Steel Metal Cans segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$21.6 Billion While China is Forecast to Grow at 6.9% CAGR

The Metal Cans, Barrels, Drums and Pails market in the U.S. is estimated at US$21.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$22.8 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Global Metal Cans, Barrels, Drums and Pail Market - Key Trends and Drivers Summarized

Metals cans represent a convenient, cost-friendly, safe and eco-friendly packaging option as foods and beverages in metal cans chill faster and remain cold for longer times than other packaging alternatives. Growth in the global market for metal cans, barrels, drums, and pails is led by the rising demand from the food and beverage industry, which heavily relies on these containers for packaging solutions, is a primary driver. Metal cans are preferred for their ability to preserve the quality and extend the shelf life of food products due to their durability and excellent barrier properties against light, air, and moisture. Additionally, the increase in beverage consumption, particularly of canned drinks, underlines the market`s expansion. This trend is bolstered by the growing consumer awareness towards sustainable packaging solutions, as metal cans are 100% recyclable and can be recycled indefinitely without loss of quality, aligning with global sustainability goals.

The chemicals and lubricants industry also significantly contributes to the demand for metal barrels, drums, and pails. These containers are essential for the safe and efficient transport and storage of industrial chemicals, solvents, oils, and lubricants, offering protection against contamination and leakage, thus ensuring safety standards are met. The robust nature of metal packaging is crucial in sectors where chemical compatibility and fire risk management are priorities. As industries continue to expand globally, including the paint and coatings industry and the automotive sector, the need for reliable and sturdy packaging solutions like metal drums and barrels is projected to rise accordingly.

Technological advancements in metal packaging production are setting trends in the market. Innovations aimed at reducing the weight of cans and improving the manufacturing efficiency are making metal packaging more competitive against alternatives like plastic and glass. Moreover, enhancements in decorative and protective coatings have not only improved the aesthetic appeal of metal cans but also their resistance to corrosion, further extending their usability in a broader range of products and environments. These improvements, coupled with ongoing efforts to reduce production costs and increase the sustainability of resources used, ensure that metal cans, barrels, drums, and pails remain an integral part of packaging solutions across various industries.

SCOPE OF STUDY:

The report analyzes the Metal Cans, Barrels, Drums and Pails market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Segment (Aluminum Metal Cans, Steel Metal Cans, Metal Drums & Pails, Metal Barrels); Application (Chemicals, Food & Beverage, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 158 Featured) -

• Anheuser-Busch Companies Inc.
• ArcelorMittal S.A.
• Ardagh Group S.A.
• Ball Corporation
• BWAY Corporation
• Can-Pack S. A.
• CCL Industries Inc.
• Cleveland Steel Container Corporation
• CPMC Holdings Limited
• Crown Holdings Inc.
• Daiwa Can Company
• Great Western Containers Inc.
• HUBER Packaging Group GmbH
• Pacific Can China Holdings Ltd.
• SCHÜTZ GmbH & Co. KGaA
• Silgan Holdings Inc.
• Skolnik Industries Inc.
• Tata Steel Group
• ThyssenKrupp Rasselstein GmbH
• Toyo Seikan Group Holdings Ltd.
• U. S. Steel Košice s.r.o.
• Universal Can Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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