Global Metal Packaging Market, By Type (Cans, Caps & Closures, Barrels & Drums and Others), Raw Material (Steel, Aluminum, Others), Application (Food, Beverage, Healthcare, Personal Care, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Metal Packaging Market
The metal packaging market will expect to grow at a rate of 4.71% for the forecast period of 2021 to 2028. The metal packaging market report analyses the growth, which is currently being growing due to the increasing consumer preference for environment-conscious brands.
Metal packaging is the action of encasing or shielding products by using metal materials for instance, aluminium and steel for its circulation, storage and sale. The kind of packaging is used over in several industries as food and beverages, healthcare, chemicals, personal care and so forth. Out of all metals, aluminium is the most in demand metal used for packaging. It is flexible and supports unique shapes and style for innovative packaging. Lightweight aluminium can also be used in cans metal packaging which offers more convenience and openness, chiefly for food and beverage products.
Transformation in the packaging industry, starting from simple packaging to innovative structure is because of the rise in demand for zero waste lifestyle by using plastic-free and eco-friendly alternatives. Sustainability concern for plastic material along with the rise in awareness of customers in regard to the environmental concerns is advertising the growth of metal packaging market as an eco-friendly packaging material. As of today, metal has developed even more in demand due to its endurance and continuous properties. These properties have been estimated to boost the growth the metal packaging market. Aluminum and steel metals are the two most important types of metals which are 100% convertible and also shield food from contamination. Henceforth, these advantages are offered by metal packaging that is innovating new opportunities to protect off trading by other materials.
Metal is looking into beverages towards can packaging in comparison to food. This developed technology packaging is essential for wide range of welcoming, mainly because it is beneficial in the new category beverages such as ready-to-drink (RTD) beverages. The slim aluminum can is high in popularity due to its fixed nitrogen-infused widget which supports to ensure supreme product quality and flexibility. In addition, metal packaging also warrants shelf stability both in refrigerated and ambient conditions. These factors are stimulating the aluminum cans as the viable beverage package and henceforth, there is a rise in the demand for aluminum cans which has become a profitable segment of the global metal packaging market.
The increasing demand from the food and beverage markets has been propelling the overall growth of the metal packaging industry. The dearth of time and nuclear family sizes are the factors fuelling the demand for canned food and beverages, therefore boosting the growth of the metal packaging market. Aerosol cans have been a compelling factor for boosting the metal packaging market witnessing the growth in acceptance in the automotive, cosmetics, industrial and household care sector. Moreover, factors as environment-related concerns pertaining to steel mining and increased material cost are the points anticipated to become a hindrance in the metal packaging market. The manufacturing may not have appropriate benefit ratio particularly in low value items as decomposable food items, if metal is used as the packaging material which could further be presented as a major challenge for the growth of the metal packaging market.
This metal packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on metal packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Metal Packaging Market Scope and Market Size
- The metal packaging market is segmented on the basis of type, raw material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the metal packaging market is segmented into cans, caps and closures, barrels & drums and others.
- Based on raw material, the metal packaging market is segmented into steel, aluminum and others.
- Based on application, the metal packaging market is segmented into food, beverage, healthcare, personal care and others.
Global Metal Packaging Market Country Level Analysis
Global metal packaging market is analysed and market size, volume information is provided by country, type, raw material and application as referenced above.
The countries covered in the metal packaging market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the metal packaging market because of its immense reliability on dehydrated foods and carbonated beverages in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Metal Packaging Market Share Analysis
The metal packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to metal packaging market.
The major players covered in the metal packaging market report are Alcoa Corporation, Amcor plc, Ardagh Group S.A., BALL CORPORATION, Crown Equipment Corporation, BWAY Corporation, Greif, COFCO, Silgan Holdings Inc., TON YI INDUSTRIAL CORP., Sonoco Products Company, Manaksia, Emballator Metal Group, Tata Steel, Can Corporation of America Inc., Toyo Seikan Group Holdings Ltd., Reynolds Co. and Kian Joo Can Factory Berhad among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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