Metal Packaging Market Aggrandizes To USD 138.1 Million by 2022 at 3.28% CAGR: Affirms MRFR

Metal Packaging Market
Global Metal Packaging Market Research Report – Forecast to 2022”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022

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 prominent players competing in the Metal Packaging Global Market and are profiled in MRFR Analysis.

 

Metal Packaging Global Market – Overview

The Global Metal Packaging Market is growing at a slow pace compared to the other packaging markets.  This growth is mainly attributed to the increasing pharmaceutical industry and the food and beverages industry. According to a recent study report published by the Market Research Future, the global market of Metal Packaging has been increasing slowly yet steadily. The Global Metal Packaging Market is poised to grow approximately at 3.28% CAGR during the forecast period (2016 – 2022) and is estimated to touch USD 138.1 Million by the end of 2022.

 

A number of types of metal packaging are available and used extensively in the day to day life across the globe. Recently, cans have emerged as the most prominent type of metal packaging becoming a vital part of the life in developed and developing countries during the last few years. Metals, especially aluminium have the highest recycling rate in comparison to other competitive packaging solutions such as plastic and flexible packaging. In addition, growth in demand for food owing to increase in population and rise in beverage consumption have escalated the demand for metal cans in food & beverage industry. Moreover, increase in demand for metal-based healthcare products such as ointment tubes, tablet Stripes, trays have provided impetus to the market growth. Besides, increase in demand for youth-centric products such has aluminium cans has pushed the market growth up to some extent.

 

Heady Lifestyle and Global rise in disposable income have mirrored the demand for canned food and beverages. Canned food provides the benefits of year-round availability of seasonal harvestable food, which otherwise gets wasted due to the improper preservation techniques. Hence, the demand for canned food products is projected to augment during the anticipated period owing to the growing food crisis and malnutrition in regions such as Africa where no or limited refrigeration exist for storing food. Aluminium offers a mean of safely preserving foodstuffs, medicines, etc. without microbiological deterioration. Owing to its excellent printability, cost effective, nutrient retentive value, glossy & appealing appearance compared to the other packaging materials; Metal packaging offers a profitable business opportunity.

 

However, the increasing awareness of environmental concerns, and the adoption of new regulatory norms on packaging recycling and the introduction of HDPE and PET bottles in packaging industry is expected to pose as a challenge to the potential growth of metal packaging market. Bisphenol A or phthalates are used in inside lining of cans to prevent metal corrosion and breakages, preserving the food inside. Intake of canned soups and pasta results in consumption of higher concentration of BPA than canned vegetable and fruits, resulting in increased estrogen level in humans, leading to serious health concerns. Alternatively, advent technologies are supporting the recycling method to utilize recycled aluminium to create a metal alloy that demonstrates increased strength in container without affecting package integrity.

 

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Metal Packaging Global Market   – Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Metal Packaging appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. To increase the market share and to tackle the alternative packaging material market, the metal packaging companies are also focusing on developing new metal packaging material prototypes and different product marketing strategies Marketers employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to meet the changing needs of consumer. The market is expected to witness the entry of several new players who are technologically advanced and will capture a major portion of fast moving consumer goods packaging market in the coming years.

 

Metal Packaging Global Market – Segmentation

The Metal Packaging Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Product: Comprises Cans, Drums & Barrels, Caps & Closures, and others.

Segmentation by Material: Comprises Steel, Aluminium, and others.

Segmentation by Application: Comprises Beverage, Food, Personal Care, Pharmaceuticals and Others.

 

Browse Report @ https://www.marketresearchfuture.com/reports/metal-packaging-market-1917

 

Metal Packaging Global Market- Regional Analysis

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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