Introduction:
Metal Packaging plays an
important role in the process of packaging and preservation. Globally, metal
packaging has been witnessing a strong growth over the past few years on
account of increasing health consciousness among consumers. There are several
types of metal packaging used across the world. Use of cans is one of the
most widely used type of metal packaging and it has become an important part of
the human diet in developed and developing countries during past few years. It
is of more value in those parts of the world where no or limited refrigeration
exist for storing food. It is a mean of safely preserving foodstuffs,
medicines, chemicals, etc. without microbiological deterioration. The global
metal packaging is projected to reach more than US$ 150 Bn by 2026, with a
decent CAGR in the forecast period.
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Global Metal Packaging Market Dynamics
Metal packaging has a lucrative
business opportunity, since it has excellent printability, cost effective- high
speed filling & packaging, glossy & high aesthetic value over other
packaging materials. The market of global Metal Packaging is anticipated to be
driven by many factors such as rise in packaged food intake, and beverages,
particularly the increased consumption and use of canned fruits and vegetables
and the trend towards 'on-the-go' lifestyles among progressively time-poor
consumers. Nutrition retentive properties of metal packaging is one of the
significant factors driving the market. The growth of pharmaceutical industry
and personal care industry is another major reason for the increasing demand of
metal packaging. However, the increasing awareness of environmental concerns,
and the adoption of new regulatory necessities on packaging recycling and the
introduction of HDPE and PET bottles in packaging industry is anticipated to
hinder the future growth of metal packaging market growth. To counter the
alternative packaging material market, the metal packaging companies are also
focusing on developing new metal packaging material prototypes and different
product marketing strategies in order to keep on developing the market share in
the global metal packaging market.
Global Metal Packaging Market Segmentation
The global Metal Packaging
market is segmented on the basis of product types such as cans, drums &
pails, aerosols, lids, tubes, trays & foils, caps & closure and others.
On the basis of metals used, the global metal packaging is segmented into
aluminum, steel, tin and iron. On the basis of end use industry, the global
metal packaging is divided into food & beverages industry (whipped cream,
beer bottles, etc.), food services industry (catering services, etc.), oil
& gas industry (storage of petroleum, etc.), chemical industry (storage of
industrial solvents, etc.), personal care industry (deodorants, shave products,
etc.), household products (air fresheners, crockery, etc.), industrial use
(degreasers, spray paints, etc.) and many others.
Global Metal Packaging Market: Regional Outlook
Geographically, the Global
Metal Packaging industry can be divided by major regions which
include North America, Latin America, Western and Eastern Europe, Asia-Pacific
region, Japan, Middle East and Africa. North America currently holds the
largest share in the global metal packaging market, as consumption rate of
canned food is highest in North America. The second largest market in global
metal packaging is Europe, followed by Asia Pacific, Latin America and then
rest of the world. The high growth in market of Asia Pacific and Latin America
markets is expected in the forecast period owing to the urge of convenient
packaging across end use industries.
Global Metal Packaging Market Players
The major players identified
across the value chain of global Metal Packaging market include Amcor of
Limited, Ardagh Group, Alcoa Incorporated, CPMC, Manaksia Group, Emballator
Metal Group, Crown Holdings, Grief Incorporated, Silgan Holdings, Rexam Plc,
Jamestrong Packaging, Shetron Group, Ton Yi Industrial, Bericap Group, GM Metal
Packaging Ltd., Fujian Fuzhen Metal Packaging Co. Ltd., etc. The companies are
emphasizing on research and development and new product development in order to
maintain the competitive advantage in global metal packaging market during the
forecast period. Acquisitions and mergers are very rare in metal packaging
market, which is the key strategy executed by major market players to gain
competitive advantage.
The report offers a
comprehensive evaluation of the market. It does so via in-depth qualitative insights,
historical data, and verifiable projections about market size. The projections
featured in the report have been derived using proven research methodologies
and assumptions. By doing so, the research report serves as a repository of
analysis and information for every facet of the market, including but not
limited to: Regional markets, technology, types, and applications.
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