Metal Packaging Market 2020 Business Insights and Global Outlook - Alcoa Inc., Ardagh Group, Ball Corporation, Crown Holdings

Global Metal Packaging Market - Growth, Trends, And Forecast (2020 - 2023)

The report presents an in-depth assessment of the Global Metal Packaging including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Metal Packaging investments from 2020 till 2023.

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The Global Metal Packaging market is highly competitive and consists of a number of major players. Companies, like�Alcoa Inc., Ardagh Group, Ball Corporation, Crown Holdings, Rexam Plc, Amcor Limited, Greif Inc, Toyo Seikan Group, Ccl Industries, Bway Corporation, Sligan Holdings, Cpmc Holdings, Tin Yi Industrial Corporation, Sonoco Products, Tata Steel Packaging And Reynolds Group Holdings, among others.

Metal packaging is the key to sustainable development of human civilization. Metal, being a permanent material retains 100% of its properties even after infinite recycling thereby reducing resource wastage significantly. Metals like aluminum are very easy to sterilize for packaging purposes and its durability and high barrier protection makes it a very good choice for packaging material. These days, most of the can packaging encompasses a traceability technique, making the origin of any product known, thereby making it easier to respond to queries and safety concerns promptly. Plastic packaging market is providing stiff competition to the global metal packaging market. The technological advancements in the packaging industry, like micro packaging, which provides a lighter, more efficient packaging material, and their continuous decrease in cost, is a major constraint for the growth of the market.
Latest news and developments:

August 28, 2019: Ball developed the aluminium cup over the past several years as an alternative to plastic cups for use at home and in other areas where plastic cups are common, including indoor and outdoor venues across the country. The pilot will produce a limited supply of aluminium cups through 2020 for use in such locations, which include entertainment venues and major concessionaires. Ball will roll out a number of pilots with major venues and concessionaires across the US to replace their plastic cups with aluminium cups. Ball's research shows that 67% of US consumers say they will visit a venue more often if they use aluminium cups instead of plastic cups and that 78 percent of consumers expect beverage brands to use environmentally friendly containers in the next five years.

July 15, 2019: Ardagh Group has announced that it has entered into an agreement to combine its Food & Specialty Metal Packaging business with Exal Corporation, a leading producer of aluminium containers, to form 'Trivium Packaging'. The move will create one of the largest metal packaging companies in the world. Headquartered in the Netherlands, Trivium will operate 57 production facilities, principally across Europe and the Americas, employing approximately 7,800 people. Projected revenues and Adjusted EBITDA in the twelve months ended March 31, 2019 were $2.7 billion and $469 million respectively. The combination of the two businesses aims to combine Food & Specialty's leading presence in Europe and North America, principally focused on tin-plate steel packaging, with Exal's leadership in aluminium aerosol packaging in the Americas.

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Key Market Trends:

High Growth Rate of Food & Beverages, Healthcare, and Consumer Goods Industry

The growing food & beverages market offers a variety of opportunities to the metal packaging market. Major companies are looking towards addition and introducing innovative products to its businesses. The growing advancement and research in the pharmaceutical industry have resulted in the introduction of new drugs, with greater performance compared to their predecessors. Recent improvements in medical science and addition to medicines available for numerous diseases and deficiencies is driving the market, indirectly, as the necessity of packaging the medicines have multiplied rapidly, with time. Pharmaceutical organizations are now outsourcing the job of packaging the end products to organizations skilled and specialized in handling the packaging of medicines. Furthermore, rising old age population, stringent regulations by governments on packaging and escalating public interest toward innovative packaging are some of the factors that are driving the packaging segment.

Cans are the Fastest Growing Product Type

In developing countries, rising disposable income of people is enabling consumers to spend more on food. Factors such as convenience and extended shelf life, without compromising on food quality, are supporting the demand for canned food products. Moreover, a shift has been observed in people's food consumption habits from traditional diet to westernized diet, which has seen an increase in consumption of packaged food, further driving the demand for aluminum cans in developing countries. In recent years, the share of metal beverage can's market increased. For a long time initially, food cans were manufactured as relatively flat containers. However, the range of products has evolved both regarding the food products packaged, and the size & shape of the cans.

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The key insights of the Metal Packaging Market report: �
The report provides key statistics on the market status of the Metal Packaging market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Metal Packaging market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2023 market development trends of Metal Packaging Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Metal Packaging Industry before evaluating its feasibility.

Finally, Metal Packaging Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Metal Packaging industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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