logo
logo
Sign in

Metal Packaging Market 2021 Global Industry Analysis By Size, Share, Growth Factors, Competitive Landscape, With Regional Forecast To 2027

avatar
Shubham Gurav
Metal Packaging Market 2021 Global Industry Analysis By Size, Share, Growth Factors, Competitive Landscape, With Regional Forecast To 2027

Market Highlights

The demand for aluminum aerosol cans has been steadily rising, reaching a new level, driven largely by technological improvements in product performance and features, and innovations in aesthetic appearance in terms of colors, shapes and prints. The expansion in end-use application, especially in the field of personal care products, consumer household appliances and pharmaceuticals ensure better market prospects. In addition, the growth potential of the beverage market bodes well for the profitability of the metal packaging industry.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1917 

However, factors such as increasing material cost and environmental issues are the major restraints that could hinder the market growth. As, two predominantly used materials in metal packaging are steel and aluminium which are expensive compared to plastic.

Market Research Analysis

Based on application, the Metal Packaging Market is segmented as beverages, food, personal care, pharmaceuticals and others. In which, beverage application segment accounts for the largest share of 66% due to increase in urbanization, changing lifestyle and increasing disposable income. Food segment is the second-largest application and is projected to grow at 5.2% CAGR during the forecast period.

Based on region, North America region has accounted for the highest market share of 33.3%. The increasing consumption of beverages and rise in the usage of aerosol cans has led to the growth of market in the region. While, Asia-Pacific is projected to grow at the highest CAGR of 4.30%.

Scope of the Report

This study provides an overview of the global metal packaging market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global metal packaging market by its product, material, application and regions.

By Product

  • Cans
  • Drums & Barrels
  • Caps & Closure
  • Others

By Material

  • Steel
  • Aluminum
  • Others

By Application

  • Beverage
  • Food
  • Personal care
  • Pharmaceutical
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of World

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

Regional Market 

The worldwide metal packaging market has been segregated into Europe, Asia-Pacific, North America, and the Rest of the world (RoW). North America acquired the maximum share in the global metal packaging market, followed by Europe and Asia-Pacific in the year 2018.

North America had been the greatest market for metal packaging because of the fast-speed lifestyle resulting in convenience and easier packaging. The US players a key role in participating in the North American metal packaging market because of its larger dependency on canned and packaged foods and beverages. Asia-Pacific is the fastest expanding vertical, which exhibits huge growth opportunities for soft drink producers has been helping in expanding the metal packaging market.

Key Players

The key players of the global metal packaging market 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).

Browse Related Reports:

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune 411028
Maharashtra, India
+1 646 845 9312
Email:[email protected]

 

collect
0
avatar
Shubham Gurav
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more