✷ Report Code: A01580 | Apr 2022 | Pages: 360 | ||
Tables: 152 | Charts: 77 |
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The global metal packaging market was valued at $108.8 billion in 2020, and is projected to reach $147.4 billion by 2030, growing at a CAGR of 3.1% from 2021 to 2030.
The COVID-19 outbreak has impacted positively on the global metal packaging market. The major drivers for the packaging industry include the increased demand for food & beverages and pharmaceutical packaging, rising e-commerce sales due to lockdown.
Metal packing refers to packaging constructed primarily of metals, such as metal, aluminum, and steel. Impact resistance, ability to endure extreme temperature, convenience for long-distance shipment, and others are just few key advantages of using metal packing. The growing popularity of using the product for canned food serves to enhance consumption because there is a large demand for canned food, especially in busy urban areas. The product is also widely used in the fragrance sector because of its capacity to handle high pressure and durability. Furthermore, the expanding popularity of luxury products in metal packaging, such as cookies, coffee, tea, and other items, results in increase in the use of metal-based packaging.
Metal packaging is the process of enclosing or protecting things for distribution, storage, and sale using materials, such as aluminum and steel. Food and beverage, healthcare, chemical, personal care, and other sectors employ this type of packaging. The packaging industry's overall expansion has been fueled by rise in demand from the food and beverage market. The demand for canned food and beverages is fueled by a lack of time and smaller family sizes, which forces the metal packaging market forward. Advances in packaging technology have also aided in the development of metal cans with increased functional and storage qualities, which has fueled market expansion in the beverages end-use sector. Metal can be found in both, alcoholic and non-alcoholic beverages. However, the growth of the market is expected to be hindered by factors, such as environment-related issues pertaining to steel mining and increased material cost.
The metal packaging market is segmented into type, material, application, and region. Depending on type, the market is categorized into cans, caps & closure, barrels & drums, and others. Depending on material, it is fragmented into steel, aluminum, and others. By application, it is classified into food, beverage, healthcare, personal care, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global metal packaging market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report 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.
By type, cans are expected to retain their dominant position in the global metal packaging market. The cans segment held the largest market share of the global metal packaging market in 2020. It is one of the most widely used packaging types, and they have become increasingly popular in developed and developing countries during the past few years owing to the high demand for beverages.
Depending on material, the steel segment accounted for around 62.9% of the global metal packaging market share in 2020. The steel segment held the largest market share of the global metal packaging market in 2020. The aluminum segment has a high growth rate and is expected to witness the highest CAGR during the forecast period because of the high demand for beer, carbonated soft drinks, and energy drinks.
By application, the food segment held the largest market share of the global metal packaging market in 2020 due to various properties of the metal. It extends the shelf life of food & beverage products and delivers protection against light, oxygen, and bacteria.
Region-wise, Europe accounts for the largest share of around 38.4% in 2020. Europe was the largest market for metal packaging in 2020 due to the fast-paced lifestyle leading to convenience packaging. Germany and Spain is a major contributor in the Europe metal packaging market due to its high dependency on canned foods and beverages.
IMPACT OF COVID-19 ON METAL PACKAGING MARKET
Metal Packaging Market Report Highlights
Aspects | Details |
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By Material |
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By Type |
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By Application |
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By Region |
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Key Market Players | Ardagh Group S.A, Amcor plc, Silgan Holdings Inc, Ball Corporation, Greif Incorporated, Crown Holdings Inc, Ton Yi Industrial, Tata Steel, cpmc holdings ltd, Metal Packaging Europe |
Metal packaging is an integral part of the packaging and preservation process. Metal packaging has seen a significant increase in popularity over the last few years as customers have become more health concerned. Metal packaging is utilized in a variety of ways globally. Cans are one of the most extensively used types of metal packaging, and in recent years, have become a significant element of the human diet in both, industrialized and developing countries. It is more valuable in places where there is no or limited refrigeration for preserving food. It's a way to keep foods, pharmaceuticals, chemicals, and other items safe from microbial degradation. Metal packaging has a lucrative business opportunity, since it has excellent printability, is cost effective for high speed filling & packaging, and has glossy & high aesthetic value over other packaging materials.
A. Food & beverage industries is projected to increase the demand for metal packaging market
A. Type, material and application segment are covered in metal packaging market report
A. Growth in industrialization is expected to trigger the demand for bulk packaging such as drums and barrels are some of the key factors driving the growth of the market.
A. Food packaging are the major applications which are expected to drive the adoption of metal packaging
A. Import and export activities were significantly impacted, which, in turn, adversely affected the industries using metal packaging, thereby affecting the metal packaging market.
A. Amcor plc., Ardagh Group S.A, Ball Corporation, CPMC Holdings Ltd., Crown Holdings Inc., Greif Incorporated, Metal Packaging Europe are the top players in metal packaging market.
A. The global metal packaging market was valued at $147.4 Billion in 2030
A. Rapid growth in industrialization, changes in lifestyle, and rise in demand for processed canned food are anticipated to fuel the growth of metal packaging in industrial and commercial sectors.
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