Metal Packaging Market Demand, Key Players, SWOT Analysis And Forecast 2022-2027

According to the latest report by IMARC Group, titled "Metal Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global metal packaging market size reached a value of US$ 154 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 184.7 Billion by 2027, exhibiting a CAGR of 2.94% during 2022-2027.

Metal packaging is mainly done for enclosing and protecting materials that are manufactured using steel and aluminum sheets. It permits the preservation of perishable goods without refrigeration and shields the contents from moisture and bacteria. They are extensively utilized for packaging food, beverages, industrial products, personal care and pharmaceutical products since they offer distinct benefits, such as high density, compactness, toughness, thermal conductivity, and malleability. Besides this, it is the most preferred packaging method for storing numerous beverages, including soda, iced teas, energy drinks, sparkling wines, carbonated soft drinks, and coffee-based refreshments, due to its high-pressure handling capacity and durability.

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Global Metal Packaging Industry Growth:

One of the key factors driving the global market is significant growth in the food and beverage sector. This can be supported by the growing popularity of canned food due to the busy lifestyle led by working professionals and urban dwellers. Along with this, the advent of customizable and resealable cans that offer improved functionality, storage capacities and multi-packaging is creating a positive market outlook. Moreover, numerous leading players are developing innovative and aesthetically appealing designs for various personal care products to expand their market base, which is impacting the market growth favorably. Other factors, such as increasing utilization of aerosol cans in the pharmaceutical industry, rising health consciousness among the masses and extensive research and development (R&D) activities, are positively influencing the market growth.

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Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been examined, with some of the key players being Alcoa Corporation, Amcor Plc, Ball Corporation, Crown Holdings, Inc., Silgan Holdings Incorporated, Greif Incorporated, Ardagh Group S.A., Can-Pack S.A., Tubex Holding GmbH, BWAY Corporation, CPMC Holdings Limited, Rexam Plc and Ton YI Industrial Corporation.

Breakup by Product Type:

• Cans
• Drums
• Metal Caps and Closures
• Bulk Containers
• Others

Breakup by Material:

• Steel
• Aluminum
• Others

Breakup by Application:

• Beverage Packaging
• Food Packaging
• Healthcare and Personal Care Products Packaging
• Cosmetic Packaging
• Industrial Packaging
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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