Metal Packaging Market: Global Industry Size, Growth Factors, Restraints, Key Companies Review, Segments and Geographic Overview By 2022

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

Hadapsar, Pune, India - September 6, 2018 /MarketersMedia/ —

Metal Packaging Market Highlights

Market research future published a cooked research report on Global Metal Packaging Market. The Global Metal Packaging Market is expected to grow around 3.29% CAGR during the period 2016 to 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.

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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)

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.

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%.

Market Research Analysis

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%.

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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.

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

Get More Information on Metal Packaging Market Research Report – Forecast to 2022 @ https://www.marketresearchfuture.com/reports/metal-packaging-market-1917

Contact Info:
Name: Abhishek Sawant
Email: [email protected]
Organization: Market Research Future
Address: Market Research Future, Magarpatta Road, Hadapsar, Pune - 411028, Maharashtra, India
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