Metal Packaging Market Determined to Cross US$ 138.1 Million Market Value By 2022 | Strategic Profiling of top Key Players With Competitive Landscape for the Market

Global Metal Packaging Market by Product (Cans, Drums & Barrels, Caps & Closures, Others), by Material (Steel, Aluminum and Others), by Application (Beverage, Food, Personal Care, Pharmaceuticals and Others) by Region (North America, Europe, Asia-Pacific, Rest of World) – Forecast to 2022

Market research future published a cooked research report on Global Metal Packaging Market that contains the information from 2016 to 2022. The global metal packaging market is expected to grow approximately at 3.28% CAGR from 2016 to 2022, and with this it is predictable to cross USD 138.1 Million Market by 2022.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 103 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Metal Packaging Market Information from 2016 to 2022″

Metal packaging has been witnessing a strong growth over the last few years due to increasing disposal income and changing consumer preferences. Cans are one of the most widely used package types and they have become increasingly popular in developed and developing countries during past few years. In addition, the demand for the aluminum aerosol has been rising steadily due to technology improvement in product performance and features. 

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Key Players

  • 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)

Competitive Analysis

For the analysis of the report, the market has been segmented: based on product, material, application and regions. On the basis of product, the market is segmented as cans, drums & barrels, caps & closures and others. In 2015, Cans segment dominate the global metal packaging market with 73% of market share. It is expected to grow at a CAGR of 2.57% during the forecast period. Based on material, the market is bifurcated as steel, aluminum and others. Steel segment accounts for the largest share in the global metal packaging market due to increase in consumption of beverage and increase in usage of aerosol cans. Based on application, the market is segmented as beverage, food, personal care, pharmaceutical and others. Beverage application segment accounts for the largest due to increase in urbanization, changing lifestyle and increasing disposable income.

Based on regions, North America accounted for the largest market share of 33.3% in 2015, followed by Europe which is expected to grow at a CAGR of 2.70% during the forecast period. The global metal packaging market is expected to cross USD 138.1 million mark by the end of forecast period and is expected to grow approximately at 3.28% CAGR from 2016 to 2022.

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Global Metal Packaging Market   – Segments

Global Metal Packaging Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Product       : Comprises – Cans, Drums & Barrels, Caps & Closures, Others

Segmentation By Material     :  Comprises – Steel, Aluminum and Others

Segmentation By Application :  Comprises – Beverage, Food, Personal Care, Pharmaceuticals and Others

Segmentation By Regions       : Comprises Geographical regions – North America, Europe, APAC and Rest of the World

Global Metal Packaging Market   – Regional Analysis

North America was the largest market for metal packaging due to fast-paced lifestyle leading to convenience packaging. U.S. is dominating the metal packaging market in North America. U.S. accounts for the largest share in the North America Metal Packaging Market due to high dependency on canned food and beverages. The U.S. Food & Beverage industry is both large and extremely complex, consisting of multiā€ tiered supply chains. It is subject to extreme competition and a heavy regulatory burden. The scarcity of time, and smaller family sizes are propelling the demand for canned food canned food & beverages, thereby driving the growth in the metal packaging market.

Europe is a leading region for food & beverage industry. The EU food & beverage industry is highly competitive on a global scale and produces high quality, healthy and safe food. The European Commission leads on policy measures to support the competitiveness of the European Food & Beverage Industry and the smooth functioning of the food supply chain. A major EU-wide initiative, supporting EU food competitiveness is the high level forum for a better functioning food supply chain. Such government initiatives and highly competitive food & beverage widen the scope for metal packaging in the region. 

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