Metal Packaging Market 2022 Global Trends, Segments, Growth, Key Vendors Analysis, Import & Export, Revenue by Forecast to 2030

0
0

The global metal packaging market 2020 is witnessing a decent growth rate from the last couple of years. The demand for metal packaging is estimated to be affected by the rising utilization of beverages and the need for aerosol cans. The worldwide metal packaging market is anticipated to value USD 150.69 billion by 2025 and expanding at a CAGR of 3.36% during the review period.

Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/1917 

The increasing demand from the food and beverage markets seems to propel the general expansion of the packaging industry. The dearth of time and small family sizes are increasing the requirement for canned food & beverages, and hence, affecting the expansion in the metal packaging market at a global level. Development in packaging technology, which helps in providing metal cans with better functional and storage characteristics, has also been an important factor propelling the market expansion in the beverages’ end-use vertical. Metal packaging is broadly utilized in non-alcoholic and alcoholic drinks. But the rise of the market may be obstructed by elements like environmental concerns about steel mining and increased material price.

COVID-19 Analysis

COVID-19 outbreak has led to significant revenue loss for the metal packaging market, given the economic crisis and the ceasing of manufacturing activities. Therefore, the shutdown of processes and activities due to the lockdown has resulted in the demand for packaging plummeting at a rapid speed across the globe, in line with the COVID-19 impact.

However, the balance has been somewhat restored by the industrial customers who have stockpiled intermediate bulk containers as well as drums, leading to a provisional need. Packaging for food and pharmaceutical industries continue to note substantial demand, providing some respite to the market post SARS-CoV-2. The escalating use of corrugated packaging for e-commerce and grocery deliveries can also counterbalance the pandemic induced loss in the market.  

Also, post the outbreak of novel coronavirus, the demand for metal packaging has noted a rebound in multiple industries, such as personal care, chemical, and food & beverages, which can be a lucrative opportunity for the market during these times. 

Key Players 

The major competitors in the worldwide metal packaging market are  Ardagh Group (Ireland), Crown Holdings, Inc. (the US), CPMC Holdings Limited (China), Silgan Holdings Inc. (US), Ton YI Industrial Corporation (Taiwan), Ball Corporation (US), HUBER Packaging Group GmbH (Germany) and CAN-PACK SA (Poland).

BWAY Corporation (US), Greif, Inc. (US), Toyo Seikan Group Holdings (Japan), Emballator Metal Group (Sweden) and Metal Packaging Europe (Belgium), are few other competitors engaged in the global metal packaging market.

Growth Inducers and Main Barriers 

Metal packaging has emerged as one of the most versatile commodities in commercial, retail, industrial and wholesale sectors. Two of the most commonly deployed metals in rigid metal packaging are aluminum and steel. Metal packaging has witnessed strong demand in the food & beverage sector in recent years, given its ability preserve potables and edibles from pathogens. Longer shelf life and nutrition intactness of the product are some of the properties of metal packaging that boosts its demand in the industry.

The boom in the demand for metal-based products in the healthcare sector, such as tablet wrappers, ointment tubes, metal sterilizers, trays, and others also presents the market with significant opportunities. The escalating demand for youth-centric products has boosted the use of three-piece as well as two-piece aluminum cans to a large extent, benefitting the worldwide market.

Expanding worldwide population and the consequent surge in the demand for food has compelled manufacturers to explore new design as well as manufacturing technologies, which can work in favor of the market. For example, Ball Corporation has successfully changed people see aerosol cans using its ReAL aerosol container technology. This technology makes use of recycled aluminum for creating a metal alloy that boosts the container’s strength and the package integrity remains intact.

Market Segmentation 

The global metal packaging market has been divided on the basis of type, material, and application. 

On the basis of type, the market has been segregated into drums & barrels, cans, caps & closures and others. The cans vertical seized the maximum market share of the worldwide metal packaging market. It is among the most utilized package types, and they have become widely famous in emerging and developed nations during the past some years due to the high demand for beverages. It is produced in several sizes and shapes, and are specifically used for several products such as beverages, food, personal care, and households.

On the basis of material, the market has been segregated as steel and aluminum. The steel segment sized the maximum market share in the worldwide metal packaging market in the year 2018. The aluminum vertical has a large growth rate and is estimated to experience the maximum CAGR during the review tenure due to the large demand beer, beer, energy drinks, and carbonated soft drinks.

On the basis of application, the market has been divided into healthcare, food & beverages, chemical, personal care, and others. The food & beverages vertical acquired the maximum market share of the worldwide metal packaging market because of several properties of the metal. It increases the shelf life of food & beverage products and gives protects from oxygen, light, and bacteria.

Browse In-depth Market Research Report @ 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.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US) 

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Showing 1 result
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.