Metal Packaging Market will Reach USD 138.1 Mn Value by the end of 2022
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.
Market Synopsis of Global Metal Packaging
Metal packaging is the process of enclosing or protecting products using materials such as aluminum and steel for distribution, storage, sale, and use. Such packaging is used across industries such as food & beverages, chemicals, pharmaceuticals, and personal care.
The growth of global metal packaging market can be attributed to factors such as increasing disposal income and changing consumer preferences. In addition, growing demand from the food and beverage markets has been instrumental in fuelling the overall growth in the packaging industry. However, increasing material cost and environmental issues are the major restraints to the growth of market.
The global metal packaging market is poised to grow approximately at 3.28% CAGR and is estimated to touch USD 138.1 Million by the end of 2022.
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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.
Drums & Barrels
Caps & Closure
Rest of World
Regional Analysis of Global Metal Packaging Market
North America has dominated the market with 33.3% market share in 2015, factors such as fast-paced lifestyle leading to convenience packaging is driving the market. US is dominating the metal packaging market in North America with a market share of 80% in 2015.
Asia-Pacific region is expected to show the fastest growth during the forecast period due to rapid urbanization, rising income & changing lifestyle in the region.
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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.) and Huber Packaging Group GmbH (Germany) are some of the leading players operating in this market.
The report for Global Metal Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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