According to the latest report by IMARC Group, titled “Metal Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global metal packaging market size reached a value of US$ 154 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 184.7 Billion by 2027, exhibiting a CAGR of 2.94% during 2022-2027. Metal packaging refers to the process of enclosing or protecting commodities using metals, such as aluminum and steel. Metal packaging provides several advantages, including durability, recyclability, and sustainability. Thus, such packaging finds widespread applications for products that need to be kept away from sunlight or other light sources and stored in opaque packaging. Metal packaging is used in the distribution, storage, and sale across diverse industries, such as food and beverages, chemicals, and personal care.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Metal Packaging Market Trends:
The global metal packaging market is primarily driven by the rising preference for aluminum cans across the food and beverages industry, as they ensure longer shelf life and better protection of the food content. Also, the growing consumption of convenience food products due to the hectic lifestyles led by the consumers is driving the need for large-scale canned food products, thereby providing an impetus to the market growth. Furthermore, rapid urbanization and inflating disposable income levels of the masses are also providing a positive outlook for the market.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been examined, with some of the key players being Alcoa Corporation, Amcor Plc, Ball Corporation, Crown Holdings, Inc., Silgan Holdings Incorporated, Greif Incorporated, Ardagh Group S.A., Can-Pack S.A., Tubex Holding GmbH, BWAY Corporation, CPMC Holdings Limited, Rexam Plc and Ton YI Industrial Corporation.
Breakup by Product Type:
- Cans
- Drums
- Metal Caps and Closures
- Bulk Containers
- Others
Breakup by Material:
- Steel
- Aluminum
- Others
Breakup by Application:
- Beverage Packaging
- Food Packaging
- Healthcare and Personal Care Products Packaging
- Cosmetic Packaging
- Industrial Packaging
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note:If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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