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Metal Packaging Market

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Global Metal Cans Market Report Information by Material (Aluminum, Steel, and Tin), by Type (Two Piece Metal Can and Three Piece Metal Can), by Application (Food, Beverage, and Others) and By Region - Global Forecast till 2023
Metal Packaging Market Research Report By
Forecast To 2022
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2022
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Metal Packaging Market Research Report - Forecast to 2022
Global Metal Packaging Market Information, By Material (Steel, and Aluminum), Product (Cans, Drums &
Barrels, Caps & Closures, and Others), Application (Food, Beverages, Pharmaceuticals, Personal Care, and
Others), and By Region - Forecast 2022
Metal packaging is a process of protecting the products using materials such as aluminum and steel for storage, distribution,
sale, and use. This packaging is used in various industries such as food & beverages, pharmaceuticals, chemicals, and
personal care. The demand for the metal packaging has witnessed strong growth over the last few years due to increasing
disposable income and changing consumer preferences.
According to the MRFR analysis, the global metal packaging market is growing at a rapid pace and is expected to gain a
significant momentum over the forecast period. The global metal packaging market is estimated to grow at a CAGR of 3.29%
during the estimated period, 2017-2022.
The metal packaging market is compelled by various factors such as increased consumption of packed foods & beverages.
According to beverage can makers, the energy drink category remains to be a vital driver for soft drink cans. The European
market for energy drinks increased in size by 6% in 2015, and now nearly 2 in every 3 liters of energy drinks are sold in cans.
Increase in demand for food has triggered the metal can manufacturers to invest in design and manufacturing technologies,
which aids in offering metal cans with improved functional and storage features, have also been a key factor triggering the
growth in the soft drinks end-use sector.
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Metal Packaging Market Research Report - Forecast to 2022
Segmentation and Regional Analysis
On the basis of the regions, the global metal packaging market is segmented into North America, Europe, Asia Pacific, and
Rest of the World (RoW). North America accounted for the largest market share of 34.9% in 2015, followed by Europe,
which is expected to grow at a CAGR of 2.70% during the forecast period. The U.S. is dominating the metal packaging
market in the North American region due to high dependency on canned food and beverages. The scarcity of time and
smaller family sizes are thrusting the demand for canned food & beverages, thereby driving the growth of the metal
packaging market.
Asia Pacific metal packaging market is expected to grow fastest at a CAGR of 4.30% from 2016 to 2022. China, Japan, India,
and Thailand are the key contributor to Asia Pacific market. China is the world’s largest consumer market for food and
beverage (F&B) products. As per China Britain Business Council, China crossed the United States in 2011 in terms of food &
beverage industry. Growing number of supermarkets in the region is also expected to boost the demand for metal
packaging products.
Based on the product, the market is segmented into cans, drums & barrels, caps & closures, and others. Cans segment
dominated the global metal packaging market with 45.5% of share in 2015 and is expected to grow at a CAGR of 3.47%
during the forecast period. Cans are one of the most widely used package types, and they have become increasingly popular
in developed and developing countries during the past few years.
Based on the application, the market is segmented into food, beverages, chemical, personal care, and others. Beverage
segment dominates the market with 30.5% of share in 2015 and is expected to grow at a CAGR of 3.17% during the forecast
period. Increase in consumption of alcoholic and non-alcoholic beverages across the globe have increased the demand for
metal cans in the beverage segment. Food was the second-largest market, valued at USD 20,543.3 million in 2015; it is
projected to grow at a CAGR of 3.40%.
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Metal Packaging Market Forecast To 2022
Metal Packaging Market-By Segment
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Metal Packaging Market Forecast To 2022
Key Players
The prominent players in the metal packaging include Amcor Ltd. (Australia), Ardagh Group (Luxembourg), CPMC Holdings
Ltd. (China), Crown Holdings (U.S.), Grief Incorporated (U.S.), Silgan Holdings Inc. (U.S.), Rexam Plc. (U.K.), Toyo Seikan
Kaisha Ltd. (Japan), Ball Corporation (U.S.), and Huber Packaging (Germany).
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Author
Monica Nerkar
Monica Nerkar567   documents Email
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