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
Market Scenario
Metal packaging is a process of protecting the products using materials such as aluminum and steel for storage, distribution, sale, and use. This packaging is used in various industries such as food & beverages, pharmaceuticals, chemicals, and personal care. The demand for the metal packaging has witnessed strong growth over the last few years due to increasing disposable income and changing consumer preferences.
According to the MRFR analysis, the global metal packaging market is growing at a rapid pace and is expected to gain a significant momentum over the forecast period. The global metal packaging market is estimated to grow at a CAGR of 3.29% during the estimated period, 2017-2022.
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The metal packaging market is compelled by various factors such as increased consumption of packed foods & beverages. According to beverage can makers, the energy drink category remains to be a vital driver for soft drink cans. The European market for energy drinks increased in size by 6% in 2015, and now nearly 2 in every 3 liters of energy drinks are sold in cans. Increase in demand for food has triggered the metal can manufacturers to invest in design and manufacturing technologies, which aids in offering metal cans with improved functional and storage features, have also been a key factor triggering the growth in the soft drinks end-use sector.
On the basis of the regions, the global metal packaging market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America accounted for the largest market share of 34.9% in 2015, followed by Europe, which is expected to grow at a CAGR of 2.70% during the forecast period. The U.S. is dominating the metal packaging market in the North American region due to high dependency on canned food and beverages. The scarcity of time and smaller family sizes are thrusting the demand for canned food & beverages, thereby driving the growth of the metal packaging market.
Asia Pacific metal packaging market is expected to grow fastest at a CAGR of 4.30% from 2016 to 2022. China, Japan, India, and Thailand are the key contributor to Asia Pacific market. China is the world’s largest consumer market for food and beverage (F&B) products. As per China Britain Business Council, China crossed the United States in 2011 in terms of food & beverage industry. Growing number of supermarkets in the region is also expected to boost the demand for metal packaging products.
For the purpose of the study, the market is segmented based on material, product, and application. On the basis of the material, the market is segmented into steel and aluminum. The steel segment dominated the global metal packaging market with 69.6% of share in 2015, and t is expected to grow at a CAGR of 3.19% during the forecast period. There are three types of steel used for packaging, which are tinplate, chromium coated steel, and black plate.
Based on the product, the market is segmented into cans, drums & barrels, caps & closures, and others. Cans segment dominated the global metal packaging market with 45.5% of share in 2015 and is expected to grow at a CAGR of 3.47% during the forecast period. Cans are one of the most widely used package types, and they have become increasingly popular in developed and developing countries during the past few years.
Based on the application, the market is segmented into food, beverages, chemical, personal care, and others. Beverage segment dominates the market with 30.5% of share in 2015 and is expected to grow at a CAGR of 3.17% during the forecast period. Increase in consumption of alcoholic and non-alcoholic beverages across the globe have increased the demand for metal cans in the beverage segment. Food was the second-largest market, valued at USD 20,543.3 million in 2015; it is projected to grow at a CAGR of 3.40%.
Hence, 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%.
The prominent players in the metal packaging include Amcor Ltd. (Australia), Ardagh Group (Luxembourg), CPMC Holdings Ltd. (China), Crown Holdings (U.S.), Grief Incorporated (U.S.), Silgan Holdings Inc. (U.S.), Rexam Plc. (U.K.), Toyo Seikan Kaisha Ltd. (Japan), Ball Corporation (U.S.), and Huber Packaging (Germany).
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The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/65572/global-metal-packaging-2021-842Segment by Type, the Metal Packaging market is segmented into:Aluminium PackagingSteel PackagingSegment by Application:Food packagingBeverage packagingPersonal care packagingIndustrial packagingGlobal Metal Packaging Market: Regional AnalysisThe Metal Packaging market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Metal Packaging market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Metal Packaging Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
Market HighlightsThe 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.
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.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1917Scope of the ReportThis 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.Segmentation:By ProductCansDrums & BarrelsCaps & ClosureOthers By MaterialSteelAluminumOthers By Application BeverageFoodPersonal carePharmaceuticalOthersKey PlayersThe 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.
