The global demand for Metal Packaging Market is presumed to reach the market size of nearly USD 287.96 MN by 2028 from USD 217.36 MN in 2021 with a CAGR of 4.1% under the study period 2022 - 2028.
Metal packaging is defined as packaging made mostly of metals like steel, aluminium, and metal. A few main benefits of adopting metal packing include its impact resistance, ability to withstand severe temperatures, convenience for long-distance shipment, and others. Given the high need for tinned food, particularly in busy urban areas, its rising appeal is helping increase its consumption. The product's durability and ability to withstand high pressure make it a popular choice in the fragrance industry.
Market Dynamics
The demand for metal packaging usage has increased due to rising urbanisation and the need to maintain a healthy lifestyle. Furthermore, there is a rise in the use of metal-based packaging due to the rising popularity of luxury goods packaged in metal, such as cookies, coffee, tea, and other goods. The increasing customer appetite for packaged and processed meals propels a global market. Due to shifting consumer preferences, increased sales of grocery items like frozen and chilled foods, and altering lifestyles, metal packaging is becoming more and more popular. Key growth factors include raising living standards, increased income, continuously expanding economies, and rising alcohol consumption.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of metal packaging. The growth and trends of metal packaging industry provide a holistic approach to this study.
Market Segmentation
This section of the metal packaging market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Material
By Type
- Cans
- Caps And Closures
- Drums And Barrels
- Others
By Application
- Food
- Beverages
- Personal Care
- Health Care
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Metal Packaging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Metal Packaging Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the metal packaging market include Amcor plc., Ardagh Group S.A, Ball Corporation, CPMC Holdings Ltd., Crown Holdings Inc., Greif Incorporated, Metal Packaging Europe, Silgan Holdings Inc., Tata Steel, and Ton Yi Industrial. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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