Vietnam Metal Can Packaging Market Report and Forecast 2024-2032

Vietnam Metal Can Packaging Market Size

The Vietnam metal can packaging market reached approximately USD 398.40 million in 2023. The market is projected to grow at a CAGR of 3.6% between 2024 and 2032, reaching a value of around USD 547.72 million by 2032.

Vietnam Metal Can Packaging Market Outlook

• Beer metal cans are in high demand as beer is highly consumed by Vietnamese people, with an annual per capita consumption of over 30 litres.

• Vietnam's packaging sector is one of the sectors with the fastest growth rates, with an anticipated 15-20% increase in the upcoming years.

• Approximately 33% of packaging manufacturers in Vietnam are planning or partially implementing ESG commitments. As metal cans are typically made up of steel and aluminium, they can be infinitely recycled without loss of quality.

Vietnam Metal Can Packaging Market Growth

Reportedly, Vietnam's food and beverage (F&B) sector is expected to be valued at over US$27.3 billion in 2024, up 10.9 per cent from 2023, consequently leading to the market expansion. In the beverage sector, metal cans are widely used to pack a wide range of beverages, such as fruit juices, beer, energy drinks, carbonated soft drinks, and more. Metal cans are durable, recyclable, and capable of retaining the flavour and quality of the contents.

By 2025, Vietnam aims to reduce 50% of plastic waste in seas and oceans, reuse, recycle, and treat 85% of generated plastic waste, and gradually decrease the production and use of disposable plastic products and non-biodegradable plastic bags in daily life. Metal cans are an extremely sustainable packaging alternative to plastic as they can be fully recycled without losing quality.

In the pharmaceutical sector, metal cans are frequently used to pack a wide range of goods, such as prescription drugs, dietary supplements, and medical equipment. The pharmaceutical sector uses metal cans due to their protection capabilities, durability, and adherence to safety standards. With roughly 250 manufacturing plants, 4,3000 wholesale agents, 200 import-export facilities, and more than 62,000 retail agents, the pharmaceutical production and business system in Vietnam is flourishing, leading to the expansion of the metal can packaging market in Vietnam.

Vietnam Metal Packaging Industry Segmentation

“Vietnam Metal Can Packaging Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Material

• Aluminium

• Steel

• Tin

Market Breakup by Product Type

• 2-Piece Cans

• 3-Piece Cans

Market Breakup End Use

• Food and Beverage

• Cosmetics and Personal Care

• Paint

• Healthcare and Pharmaceuticals

• Others

Market Breakup by Region

• Southeast

• Red River Delta

• Mekong River Delta

• South Central Coast

• Others

Vietnam Metal Can Packaging Market Share

Based on material, the market is segmented into aluminium, tin, and steel. Aluminium is projected to grow at a CAGR of 4.4% between 2024 and 2032. Cans made of aluminium are highly useful in a variety of sectors, such as food, beverages, medicine, and personal hygiene, due to their superior barrier qualities, durability, and ease of recycling. As aluminium cans can be recycled indefinitely without losing quality, they have a major positive environmental impact.

Leading Companies in the Vietnam Metal Can Packaging Market

Major players are focusing on sustainable manufacturing practices to gain a competitive edge in the market.

• Canpac Sdn Bhd

• Kian Joo Group

• Dongwon Group

• Crown Holdings, Inc.

• Royal Can Industries Company

• Others

Key Highlights of the Report

Vietnam Metal Can Packaging Market Report Snapshots

Vietnam Metal Can Packaging Market Size

Vietnam Metal Can Packaging Market Growth

Vietnam Metal Can Packaging Market Share

Vietnam Metal Can Packaging Companies