Packaging is an important part of the supply chain in
any manufacturing industry. Packaging industries are investing huge capitals to
ensure the safety of the product in the transition from the factory to end-consumer.
Using metal as a packaging material is an advantageous method to protect the
product from adverse environmental conditions. Growing manufacturing activities
across APAC and thriving food & beverage industry are responsible for the
growth in the metal packaging market which accounted for the global market size of
$130 billion as of 2018. According to the IndustryARC market research report,
the metal packaging market is expected to grow at a CAGR of 2.70% during the
forecast period 2019-2025.
The report is titled “Metal
Packaging Market: By Type (Cans, Pails, Drums, Aerosol, Containers, Trays,
Closures And Lids ); Material Type (Aluminum Alloy, Steel, Tin); Coating
Material (Resins, Cross-Linking Agents, Additives, Solvents); By Application –
Forecast (2019 - 2025).” This report incorporates trends, growth drivers,
financial overview, business strategies, and recent developments in the global
metal packaging market. Furthermore, the report contains facts, figures, and statistics that provide an
accurate data about the metal packaging market along with a few challenges that
are dwarfing the market size and solutions to ameliorate the same.
Global Metal Packaging Market: Leading
Considering applications, the beverage segment in food
and beverage industry is the most lucrative sector for metal packaging market
growth. As per the report, the application segment is expected to increase at a
CAGR of 3.40% through the forecast period 2019 to 2025. "The growing popularity
of canned juices and other beverages is the primary reason behind the
prosperity of the segment," says the analyst of the report.
By region, North America
is the leading geography in global metal packaging market, grabbing 34% of the
total market share in 2018. The growth is exponential in the region owing to a
large number of packaged food industries established in the continent with high
adaptability to innovations.
Global Metal Packaging Market Industry
pharmaceutical industry is a significant consumer of metal packaging materials.
Ointment tubes, tablet wrappers, and metal sterilizers are few of the most
common metal packaging end products of the healthcare industry. According to
the Population Reference Bureau, the world population is proposed to surpass
the mark of 9 billion by 2050. Opportunities in the healthcare industry are anticipated
to grow with the increasing population which will further intimate profits for metal
Consumer Electronics: Consumer
electronics is one of those sectors which is aggregated to achieve continuous
profits with technical advancements and the industry is making strides worldwide. Products
such as laptops, computers, cables, and other consumer electronic items often
use metal for packaging purposes, considering the fragile nature of products.
Global Metal Packaging Market Trends
Recyclable metal: The market
shift towards sustainable products is changing the production methods for companies.
Firms manufacturing metal packaging and steel packaging materials are relying
on disposed recycled metals. The right circular cylinder-shaped aluminium cans
are prevalently used for food preservation and are designed to store
shelf-stable food. Increasing packaged products are engaging the usage of
recyclable metals and further inducing profits in global metal packaging
Decorative Packing: Decorative
packaging and labelling are the most effective packaging techniques used to
attract consumers. Appealing aesthetic marking of the product’s manufacturing
details has been actionably remarkable in increasing the sales of particular
products and in turn increased the substantial profits in the global metal
Global Metal Packaging Market: Competitive
Some of the key players mentioned in the report that
are currently leading the metal packaging market are Amcor Limited, Ardagh
Group S.A., Alcoa Corporation, CPMC Holdings Limited, Manaksia, Tata Steel
Limited, Crown Holdings, Rexam plc, Greif, Inc. and Toyo Seikan Group Holdings,
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can you expect from the report?
global metal packaging market is prepared with the main agenda to cover the
following 20 points:
Market Size by Product Categories &
11. Demand Analysis (Revenue & Volume)
Market trends & Relevant Market
12. Country level
Top 10 End user Analysis
& Future Market Landscape Analysis
Mergers & Acquisition Analysis
Revenue and Volume Analysis
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