Metal Packaging Market To Worth USD 136,137.5 Million By 2023 | Key Country Analysis By Amcor, Huber, Ball, Ardagh, CPMC, Crown, Grief, Silgan, Rexam and Toyo Seikan Kaisha

Global Metal Packaging Market Information, By Material (Steel, and Aluminum), Product (Cans, Drums & Barrels, Caps & Closures, and Others), Application (Food, Beverages, Pharmaceuticals, Personal Care, and Others), and By Region - Forecast 2022

The Global Metal Packaging Market Is Expected to Reach at USD 136,137.5 Million by the End of the Forecast Period at CAGR of 3.29%.

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Industry News

In April 2016, Ball Corporation completed the acquisition of Rexam PLC. The acquisition aims at supplying innovative, sustainable packaging solutions for food & beverage, household products, and other technologies & services.

Ball Corporation, in association with Henkel, has launched a lightweight aluminum aerosol can for the brand, Beauty Care. According to the partnership agreement, Henkel will utilize Ball Corporation's lighter weight real technology, which will help in increasing the strength and at the same time will reduce the weight of the can without affecting the package integrity.

Market Highlights

The demand for aluminum aerosol cans has been steadily rising, reaching a new level, driven largely by technological improvements in product performance and features, and innovations in aesthetic appearance in terms of colors, shapes and prints. The expansion in end-use application, especially in the field of personal care products, consumer household appliances and pharmaceuticals ensure better market prospects. In addition, the growth potential of the beverage market bodes well for the profitability of the metal packaging industry.

However, factors such as increasing material cost and environmental issues are the major restraints that could hinder the market growth. As, two predominantly used materials in metal packaging are steel and aluminium which are expensive compared to plastic.

Key Players

The key players of the global metal packaging market :

• Amcor Ltd. (Australia)
• Ardagh Group (Ireland)
• CPMC Holdings Ltd. (China)
• Crown Holdings (U.S.)
• Grief Incorporated (U.S.)
• Silgan Holdings (U.S.)
• Rexam Plc. (U.K.)
• Toyo Seikan Group Holdings, Ltd. (Japan)
• Ball Corporation (U.S.)
• Huber Packaging Group GmbH (Germany)

Market Research Analysis

Based on application, the market is segmented as beverages, food, personal care, pharmaceuticals and others. In which, beverage application segment accounts for the largest share of 66% due to increase in urbanization, changing lifestyle and increasing disposable income. Food segment is the second-largest application and is projected to grow at 5.2% CAGR during the forecast period.

Based on region, North America region has accounted for the highest market share of 33.3%. The increasing consumption of beverages and rise in the usage of aerosol cans has led to the growth of market in the region. While, Asia-Pacific is projected to grow at the highest CAGR of 4.30%.

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Scope of the Report

This study provides an overview of the global metal packaging market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global metal packaging market by its product, material, application and regions.

By Product
• Cans
• Drums & Barrels
• Caps & Closure
• Others

By Material
• Steel
• Aluminum
• Others

By Application
• Beverage
• Food
• Personal care
• Pharmaceutical
• Others

By Region
• North America
• Europe
• Asia-Pacific
• Rest of World

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain of Global Metal Packaging Market

Continues...

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