Metal Packaging Market Analysis and Demand with Forecast to 2022

13/mar/2019 09:26:04 MRFR Contatta l'autore

Global Metal Packaging Market Information, By Material (Steel, and Aluminum), Product (Cans, Drums & Barrels, Caps & Closures, and Others), Applications (Food, Beverages, Pharmaceuticals, Personal Care, and Others), and By Region - Forecast 2022

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.

The Global Metal Packaging Market is estimated to grow at a CAGR of 3.29% during the estimated period, 2017-2022.

 Get Sample Report with Complete TOC @ 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.

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).

Market Research Analysis

Based on application, the 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%. 

Metal Packaging Market Segmentation

For the purpose of the study, the market is segmented based on material, product, and application. On the basis of the material, the market is segmented into steel and aluminum. The steel segment dominated the global metal packaging market with 69.6% of share in 2015, and t is expected to grow at a CAGR of 3.19% during the forecast period. There are three types of steel used for packaging, which are tinplate, chromium coated steel, and black plate.

Scope of the Report

This is a three-segment segment tracking overview of the global metal packaging market. 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 the Rest of the World (ROW). Reporting, forecasting, focusing on market opportunities for the next five years for each region. 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 Full Report Details With TOC @  https://www.marketresearchfuture.com/reports/metal-packaging-market-1917

About Market Research Future

At Market Research Future (MRFR), we enable our customers to travel 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 has the highest objective to provide optimal quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, market players for global, regional, and country level market segments, enable our clients to learn more, know more, and help others answer most important questions.

MRFR often plans & conducts meet industry experts and industrial visits for its research analyst members.

Contact

Market Research Future

Phone: +1646 845 9312

Email:  sales@marketresearchfuture.com

blog comments powered by Disqus
Comunicati.net รจ un servizio offerto da Factotum Srl