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Global Metal Packaging Market is Predicted to Grow Approximately at 3.28% CAGR by 2027 :

Pune, India, April 17, 2017 /MRFR Press Release/- Market research future published a cooked research report on Global Metal Packaging Market. The Global Metal Packaging Market is expected to grow around 3.28% CAGR during the period 2016 to 2022.


 


Market Highlights


The demand for aluminum aerosol cans has been steadily rising, reaching a new level, driven largely by technological improvements in product performance and features, and innovations in aesthetic appearance in terms of colors, shapes and prints. The expansion in end-use application, especially in the field of personal care products, consumer household appliances and pharmaceuticals ensure better market prospects. In addition, the growth potential of the beverage market bodes well for the profitability of the metal packaging industry.


 


However, factors such as increasing material cost and environmental issues are the major restraints that could hinder the market growth. As, two predominantly used materials in metal packaging are steel and aluminium which are expensive compared to plastic.


 


Access Report Details @ https://www.marketresearchfuture.com/reports/metal-packaging-market-1917


 


Market Research Analysis


Based on application, the market is segmented as beverages, food, personal care, pharmaceuticals and others. In which, beverage application segment accounts for the largest share of 66% due to increase in urbanization, changing lifestyle and increasing disposable income. Food segment is the second-largest application and is projected to grow at 5.2% CAGR during the forecast period.


 


Based on region, North America region has accounted for the highest market share of 33.3%. The increasing consumption of beverages and rise in the usage of aerosol cans has led to the growth of market in the region. While, Asia-Pacific is projected to grow at the highest CAGR of 4.30%.


 


Global Metal Packaging Market Size, By Application (2015)


 Metal Packaging Market Size


 


Scope of the Report


This study provides an overview of the global metal packaging market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global metal packaging market by its product, material, application and regions.


By Product



  • Cans

  • Drums & Barrels

  • Caps & Closure

  • Others


 


By Material



  • Steel

  • Aluminum

  • Others


 


By Application



  • Beverage

  • Food

  • Personal care

  • Pharmaceutical

  • Others


 


By Region



  • North America

  • Europe

  • Asia-Pacific

  • Rest of World


 


Key Players


The key players of the global metal packaging market Amcor Ltd. (Australia), Ardagh Group (Ireland), CPMC Holdings Ltd. (China), Crown Holdings (U.S.), Grief Incorporated (U.S.), Silgan Holdings (U.S.), Rexam Plc. (U.K.), Toyo Seikan Group Holdings, Ltd. (Japan), Ball Corporation (U.S.) and Huber Packaging Group GmbH (Germany).


 


About Market Research Future:


At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


 


MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.


 


In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


 


Contact:


Akash Anand,


Market Research Future


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Maharashtra, India


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Email: akash.anand@marketresearchfuture.com