The metal packaging market was estimated at $110.7 billion in 2014 with CAGR of 6.42%. According to the latest report of Market Research Store, it is expected to reach $180.5 billion by 2022. The rising demand for metal packaging in the market appears to be really powerful.
The real opportunity for the metal packaging market lies in the rapidly expanding food and beverages market. However, the market faces certain challenges too, which are ecological in nature, and linked to flexible packaging (like VCI bags ), say the report.
Interestingly, there’s a growing demand for metal packaging from the food and beverage industry, due to growing application scope in food packaging. This include packaging for fruits, vegetables, soups, poultry and baby food, along with beverages packaging meant for fruit and vegetable juices, carbonated soft drinks, sports drinks and alcoholic beverages.
As the consumption of processed food and canned beverages increase, this demand is expected to rise further. This will act as the key factor driving the metal packaging market during the forecast period, say the report.
Segments of the Metal Packaging Market
Metal packaging market is mainly segregated by material, type, geography and application. When considering material as the basis, the market is separated into Aluminium and Steel. When it comes to the type, the market is segregated into Closures & Caps.
By geography, metal packaging market is segmented into Europe, North America, Asia Pacific and the Rest of the World. Based on application, the market is classified into Non-durable Goods, Food, Medical, Beverages, Durable Goods, Personal Care and Health care.
According to the report, main players in the metal packaging market include Rexam PLC, Alcoa Incorporated, Crown Holdings, CPMC Holdings Limited, Incorporated, Ardagh Group, Amcor Limited, Greif Incorporated, Ton YI Industrial Corporation and Ball Corporation.
The report also discusses:
* Market share evaluation for the regional and country level segments
* Market share analysis of the top industry players
* Strategic advice for the new entrants
* Market predictions for a minimum of 8 years of every mentioned division, sub division as well as the regional markets
* Market trends (Drivers, Opportunities, Constraints, Threats, Investments Opportunities, Challenges and Recommendations)
* Strategic advice in key business segments built on the market estimations
* Competitive landscaping to map the important, usual trends
* Company profiling with comprehensive strategies, recent developments and financial services
* Supply chain trends mapping the newest technological developments
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