Research on the Development Status and Investment Prospects of China's Metal Packaging Industry (2025-2032)

Preface:

Driven by factors such as the development of downstream industries driving incremental space and the increase in beer canning rate, our country's metal packaging industry has developed well in recent years, and the operating income and total profit of enterprises above designated size have increased year by year. At present, the proportion of operating income of enterprises above designated size in our country's metal packaging industry in the packaging market and the beer canning rate are low, and the industry still has great room and potential for development in the future.

In addition, our country's metal packaging market is highly competitive, and the overall industry concentration is low. On April 17, 2025, the leading company Orijin will complete the acquisition of COFCO Packaging, which will further enhance the industry concentration. At the same time, Orijin will also become the first metal packaging company in China with a revenue scale of more than 20 billion yuan, and establish its leading position in the metal packaging market, especially in the two-piece can market.

1. Analysis of the industrial chain of the metal packaging industry

Metal packaging is an important part of our country's packaging industry, which refers to various forms of thin-walled packaging containers made of metal sheets for different purposes. Its upstream includes tinplated steel plates (tinplate), aluminum, metal caps and other raw materials; the midstream is manufactured by metal packaging, including two-piece cans, three-piece cans and other products; The downstream is the application field, which has the advantages of good mechanical properties, excellent barrier properties, long shelf life, easy to realize automated production, exquisite decoration, and various shapes, so it is widely used in food, beverage, medicine, daily chemicals and other fields.

2. The downstream demand for metal packaging comes from the fields of beverages, alcoholic beverages and food

The downstream application structure of metal packaging in our country is single, and the main demand comes from the beverage, beverage and food fields, accounting for more than 90% in 2020. Among them, beverages and liquor accounted for the largest proportion, about 68.98%; the food sector accounted for about 28.14%.

Drinks:

After years of development, our country has become one of the world's largest beverage production and consumption markets, with a wide variety of beverages, including fruit and vegetable juice drinks, carbonated drinks, protein drinks, tea drinks, coffee drinks and other 11 categories and 65 subcategories, with a large demand for metal packaging. In recent years, our country's beverage output has remained above 150 million tons as a whole, bringing considerable incremental demand to the metal packaging industry.

Drinks:

In alcohol, the demand for metal packaging mainly comes from beer. Affected by changes in consumption scenarios and environmental protection policies, our country's beer canning rate has been rising in recent years, from 21.2% in 2016 to 28.9% in 2023, bringing continuous increments to the metal packaging industry.

Food:

The demand for metal packaging for food mainly comes from cheese, prepared meals, candy, processed meat products and seafood. Among them, cheese accounted for the largest proportion, about 55.26% in 2020. In recent years, with the increasing acceptance of cheese by consumers, its production has increased year by year, from 107,000 tons in 2018 to 240,000 tons in 2023, bringing certain demand to the metal packaging industry.

3. The operating income and total profit of enterprises above designated size in the metal packaging industry are increasing year by year

Driven by factors such as the development of beverage, cheese and other industries, and the increase in beer canning rate, our country's metal packaging industry has developed well in recent years, and the total operating income and profit of enterprises above designated size (all industrial legal persons with annual operating income of 20 million yuan and above) have increased year by year, reaching 150.562 billion yuan and 7.172 billion yuan respectively in 2023. However, the growth rate of its operating income has gradually slowed down, while the growth rate of total profit has gradually accelerated, with a year-on-year increase of 0.34% and 16.45% respectively in 2023.

4. our country's metal packaging industry still has great development space and potential

In the future, our country's metal packaging industry still has great room and potential for development. On the one hand, since 2020, the proportion of operating income of enterprises above designated size in our country's metal packaging industry in the packaging market has continued to increase, reaching 13.05% in 2023, but there is still a big gap compared with the global level of 45-50%, and there is more room for industry development in the future.

On the other hand, although our country's beer canning rate has continued to increase in recent years, compared with developed countries such as Japan and the United States, its beer canning rate is still relatively low, and there is a lot of room for improvement. According to the data, our country's beer canning rate in 2022 will be 27.1%, lower than the UK's 65.5%, the United States' 72.3% and Japan's 90%, and lower than the global average (48.6%). It can be seen that our country's metal packaging has broad application prospects in the beer field. In the future, with the continuous improvement of downstream beer canning rate, it will continue to contribute to the incremental demand for metal packaging.

5. The number of enterprises above designated size in the metal packaging industry has increased, and the concentration is expected to be further improved

In recent years, with the continuous development and growth of our country's metal packaging industry, the number of enterprises above designated size has also increased year by year, from 734 in 2020 to 928 in 2023. our country's metal packaging market is highly competitive, and the overall industry concentration is low, with CR5 being less than 25% in 2021. However, in the market segment of two-piece cans, a polyoligopoly pattern has been formed, with CR4 exceeding 70% in 2023. Among them, Baosteel Packaging has a market share of about 23%; followed by Orijin and COFCO Packaging, with about 20% and 17% respectively. In February 2025, Orijin issued the "Progress Announcement on Major Asset Restructuring", announcing that its compulsory acquisition of COFCO Packaging has entered the final stage, which is expected to be completed on April 17, 2025. Orijin and COFCO Packaging are both leaders in our country's metal packaging industry, and if the acquisition is officially completed, it will further enhance the concentration of the metal packaging industry. In addition, according to the financial report, Orijin will achieve revenue of 13.84 billion yuan and COFCO packaging revenue of about 10.27 billion yuan in 2023. If officially merged, Orijin may also become the first metal packaging company in China with a revenue scale of more than 20 billion yuan. At the same time, it will also establish its leading position in our country's metal packaging, especially in the two-piece can market.

Data source: China Packaging Federation, Guanyan World

Source: Guanyan Tianxia (WJ)

Note: The above information is for reference only, the charts are all style displays, and the specific data, coordinate axes and data labels are detailed in the main text of the report.

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The "Research on the Development Status of China's Metal Packaging Industry and Investment Prospect Forecast Report (2025-2032)" released by Guanyan Report Network covers the latest industry data, market hotspots, policy planning, competitive intelligence, market prospect forecast, investment strategy and other content. It is supplemented by a large number of intuitive charts to help enterprises in this industry accurately grasp the development trend of the industry, market business opportunities, and correctly formulate corporate competitive strategies and investment strategies.

This report is based on the authoritative data of metal packaging from the National Bureau of Statistics, the General Administration of Customs and the National Information Center, combined with the environment of the industry, from theory to practice, from macro to micro and other perspectives to conduct market research and analysis.

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