Global Metal Packaging Market Set for Rapid Growth, to Reach USD 141.88 Billion by 2022

01-Feb-2018 | Zion Market Research

Zion Market Research has published a new report titled “Metal Packaging Market (Cans, Barrels & Drums, Caps & Closures and Others) for Beverages, Food, Personal Care, Healthcare and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, global metal packaging market was valued at USD 119.52 billion in 2016 and is expected to reach USD 141.88 billion in 2022, growing at a CAGR of 2.9% between 2017 and 2022.

Metal packaging plays a key role in the food preservation. This kind of packaging plays important role in such a part of the world where very low or no refrigeration used for storing food. Metal packaging is used to protect against any external influence on the foodstuff during storage and heat treatment and as a sales and information pack. Metal cans are used for many food contact applications, such as coffee pots as well as packaging and saucepans. Generally, aluminum and steel are largely used in metal packaging. 

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Browse the full " Metal Packaging Market (Cans, Barrels & Drums, Caps & Closures and Others) for Beverages, Food, Personal Care, Healthcare and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022" report at  https://www.zionmarketresearch.com/report/metal-packaging-market

The global rise in lifestyle and on-the-go disposable income has enhanced the demand for canned beverages and food. Seasonal foods are served throughout the year due to the canned food. Almost half of the harvested food is wasted in the world which can make available to customers throughout the year. Metal packaging market is primarily driven by rising standard of living and increasing demand for food and beverages market in the forecast period. Moreover, rising urbanization and increasing packaged food consumption are also driving the growth of metal packaging market in the years to come. However, shifting preference towards plastic and flexible packaging and volatility in raw material prices are expected to hinder the growth of metal packaging market in the years to come. Nonetheless, e-commerce market and development and research in metal packaging manufacturing, materials, and design are likely to set the new opportunity to the market of the metal packaging during the forecast period.

Global Metal Packaging Market

Metal Packaging market is segmented into types, applications, and regions. Based on types, metal packaging market is segmented into cans, barrels & drums, caps & closures and others. Amongst all types of packaging materials, metal cans possess about 9% market share in 2016. Cans have the largest market share of metal packaging market and it is anticipated to be the market leader in the years to come. Cans have dominated the market in 2016 and it is expected to be dominating over the forecast period. Barrels & drums are anticipated to grow at a CAGR 3.2% in terms of volume within the forecast period. Caps & closures accounted around 0.98 billion global markets in 2016 and it is projected to reach USD 1.07 billion in 2022 at a CAGR of 1.6%.

Based on applications, metal packaging market is fragmented into beverages, food, personal care, healthcare and others applications. Beverages segment accounted around 26% market share in 2016 and it is anticipated to grow at a CAGR of 3.5% in the coming years. Rise in packaged food sales, increasing urbanization, increasing demand for aerosol products, increasing consumption of canned vegetables and foods and rising demand for metal packaging in the alcohol industry. Personal care and cosmetics industry are expected to enhance the growth of the metal packaging market.

Asia Pacific is expected to grow at a CAGR 4% in the years to come. Asia Pacific market is fastest growing region and it is anticipated to be the fastest growing region in coming years, owing to the emerging economies such as China and India, disposable income and rising lifestyle of people in the region. Europe accounted around 32% share of the global market. North America has dominated the global metal packaging market in 2016 accounted around 35% market share in the same year in terms of value, followed by the Asia Pacific and Europe region. 

Some of the key players in the market are Crown Holdings, Amcor of Limited, CPMC, Ardagh Group, Bericap Group, Emballator Metal Group, Fujian Fuzhen Metal Packaging Co. Ltd., Alcoa Incorporated, Rexam Plc, Manaksia Group, Shetron Group, Silgan Holdings, Jamestrong Packaging, Ton Yi Industrial, Grief Incorporated, and GM Metal Packaging Ltd.

This report segments the metal packaging market as follows: 

Metal Packaging Market: Type Analysis

  • Cans
  • Barrels & Drums
  • Caps & Closures
  • Others

Metal Packaging Market: Application Analysis

  • Beverages
  • Food
  • Personal Care
  • Healthcare
  • Others 

Metal Packaging Market: Regional Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Browse New Press Release: https://www.zionmarketresearch.com/news/metal-packaging-industry

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