Metal Packaging Market will grow at 2.9% CAGR to exceed USD 141.88 Billion by 2022
Metal Packaging Market © richard aron
Packaging is referred as a process of wrapping or boxing of various products and items in paperboard boxes, bubble wraps, containers, paperboard boxes, or other storage units. Using metal material for packaging is referred as metal packaging. The metal packaging gives brands a competitive edge and provides smart packaging that attracts consumers. A multitude of printing designs, shapes and sizes can be manufactured to individual customer requirements.
According to the report, global metal packaging market was valued at USD 119.52 billion in 2016 and is expected to reach USD 141.88 billion in 2022, growing at a CAGR of 2.9% between 2017 and 2022.
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Metal packaging market is primarily driven by increasing demand for food and beverages market and rising standard of living. Increasing packaged food demand and rising urbanization have also been driving the growth of metal packaging market. However, volatility in raw material prices and shifting preference towards plastic and flexible packaging are expected to curb the growth of metal packaging market in the coming years. Furthermore, e-commerce market and research & development in metal packaging manufacturing, materials, and design are likely to set new wings to the market of the metal packaging during the coming years.
Metal Packaging global market is segmented into types, applications, and region. Based on types metal packaging market is segmented into cans, barrels & drums, caps & closures and others. Cans have dominated the market in 2016 and it is expected to be dominating over the forecast period. Rising demand for metal-based healthcare products including tablet wrappers, metal sterilizers, trays, ointment tubes, and others are accelerating the demand for the metal packaging market.
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Based on application metal packaging market is fragmented into beverages, food, personal care, healthcare and others applications. Increasing food and beverages market, rising standard of living and increasing disposable income are enhancing the market growth of metal packaging for food and beverages. Comparatively other competitive packaging solutions including flexible and plastic packaging Metals have the highest recycling rate in comparison. Moreover, rising demand for food owing to rise in beverage consumption and increase in population have propelled the demand for metal packaging in food & beverage industry.
North America has dominated the global metal packaging market in 2016 accounted around 35% market share in terms of value, followed by the Asia Pacific and Europe region. Asia Pacific market was fastest growing region and it is anticipated to be the fastest growing region in coming years, owing to the emerging economies such as China and India, disposable income and rising lifestyle of people in the region.
Some of the key players in the market are Crown Holdings, Amcor of Limited, CPMC, Ardagh Group, Bericap Group, Emballator Metal Group, Fujian Fuzhen Metal Packaging Co. Ltd., Alcoa Incorporated, Rexam Plc, Manaksia Group, Shetron Group, Silgan Holdings, Jamestrong Packaging, Ton Yi Industrial, Grief Incorporated, and GM Metal Packaging Ltd.
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About Us: Zion Market Research is an obligated company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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According to the report, global metal packaging market was valued at USD 119.52 billion in 2016 and is expected to reach USD 141.88 billion in 2022, growing at a CAGR of 2.9% between 2017 and 2022.
Request Free Sample Research Report @https://www.zionmarketresearch.com/sample/metal-packaging-market
Metal packaging market is primarily driven by increasing demand for food and beverages market and rising standard of living. Increasing packaged food demand and rising urbanization have also been driving the growth of metal packaging market. However, volatility in raw material prices and shifting preference towards plastic and flexible packaging are expected to curb the growth of metal packaging market in the coming years. Furthermore, e-commerce market and research & development in metal packaging manufacturing, materials, and design are likely to set new wings to the market of the metal packaging during the coming years.
Metal Packaging global market is segmented into types, applications, and region. Based on types metal packaging market is segmented into cans, barrels & drums, caps & closures and others. Cans have dominated the market in 2016 and it is expected to be dominating over the forecast period. Rising demand for metal-based healthcare products including tablet wrappers, metal sterilizers, trays, ointment tubes, and others are accelerating the demand for the metal packaging market.
Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/metal-packaging-market
Based on application metal packaging market is fragmented into beverages, food, personal care, healthcare and others applications. Increasing food and beverages market, rising standard of living and increasing disposable income are enhancing the market growth of metal packaging for food and beverages. Comparatively other competitive packaging solutions including flexible and plastic packaging Metals have the highest recycling rate in comparison. Moreover, rising demand for food owing to rise in beverage consumption and increase in population have propelled the demand for metal packaging in food & beverage industry.
North America has dominated the global metal packaging market in 2016 accounted around 35% market share in terms of value, followed by the Asia Pacific and Europe region. Asia Pacific market was fastest growing region and it is anticipated to be the fastest growing region in coming years, owing to the emerging economies such as China and India, disposable income and rising lifestyle of people in the region.
Some of the key players in the market are Crown Holdings, Amcor of Limited, CPMC, Ardagh Group, Bericap Group, Emballator Metal Group, Fujian Fuzhen Metal Packaging Co. Ltd., Alcoa Incorporated, Rexam Plc, Manaksia Group, Shetron Group, Silgan Holdings, Jamestrong Packaging, Ton Yi Industrial, Grief Incorporated, and GM Metal Packaging Ltd.
Browse detail report with in-depth TOC @ https://www.zionmarketresearch.com/report/metal-packaging-market
About Us: Zion Market Research is an obligated company. We create futuristically, cutting edge, informative reports ranging from industry reports, a company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with Vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal Industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Address:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Website: http://www.zionmarketresearch.com