Metal Packaging Market
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Published By: Zion <strong>Market</strong> Research<br />
<strong>Metal</strong> <strong>Packaging</strong> <strong>Market</strong> will grow at 2.9% CAGR to<br />
exceed USD 141.88 Billion by 2022<br />
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<strong>Metal</strong> <strong>Packaging</strong> <strong>Market</strong><br />
<strong>Packaging</strong> is referred as a process of wrapping or boxing of various products and items in paperboard boxes, bubble<br />
wraps, containers, paperboard boxes, or other storage units. Using metal material for packaging is referred as metal<br />
packaging. The metal packaging gives brands a competitive edge and provides smart packaging that attracts<br />
consumers. A multitude of printing designs, shapes and sizes can be manufactured to individual customer<br />
requirements.<br />
According to the report, global metal packaging market was valued at USD 119.52 billion in 2016 and is expected to<br />
reach USD 141.88 billion in 2022, growing at a CAGR of 2.9% between 2017 and 2022.<br />
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<strong>Metal</strong> packaging market is primarily driven by increasing demand for food and beverages market and rising standard<br />
of living. Increasing packaged food demand and rising urbanization have also been driving the growth of metal<br />
packaging market. However, volatility in raw material prices and shifting preference towards plastic and flexible<br />
packaging are expected to curb the growth of metal packaging market in the coming years. Furthermore, e-<br />
commerce market and research & development in metal packaging manufacturing, materials, and design are likely<br />
to set new wings to the market of the metal packaging during the coming years.<br />
<strong>Metal</strong> <strong>Packaging</strong> global market is segmented into types, applications, and region. Based on types metal packaging<br />
market is segmented into cans, barrels & drums, caps & closures and others. Cans have dominated the market in<br />
2016 and it is expected to be dominating over the forecast period. Rising demand for metal-based healthcare<br />
products including tablet wrappers, metal sterilizers, trays, ointment tubes, and others are accelerating the demand<br />
for the metal packaging market.<br />
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Based on application metal packaging market is fragmented into beverages, food, personal care, healthcare and<br />
others applications. Increasing food and beverages market, rising standard of living and increasing disposable<br />
income are enhancing the market growth of metal packaging for food and beverages. Comparatively other
<strong>Metal</strong> <strong>Packaging</strong> <strong>Market</strong><br />
competitive packaging solutions including flexible and plastic packaging <strong>Metal</strong>s have the highest recycling rate in<br />
comparison. Moreover, rising demand for food owing to rise in beverage consumption and increase in population<br />
have propelled the demand for metal packaging in food & beverage industry.<br />
North America has dominated the global metal packaging market in 2016 accounted around 35% market share in<br />
terms of value, followed by the Asia Pacific and Europe region. Asia Pacific market was fastest growing region and it<br />
is anticipated to be the fastest growing region in coming years, owing to the emerging economies such as China and<br />
India, disposable income and rising lifestyle of people in the region.<br />
Some of the key players in the market are Crown Holdings, Amcor of Limited, CPMC, Ardagh Group, Bericap Group,<br />
Emballator <strong>Metal</strong> Group, Fujian Fuzhen <strong>Metal</strong> <strong>Packaging</strong> Co. Ltd., Alcoa Incorporated, Rexam Plc, Manaksia Group,<br />
Shetron Group, Silgan Holdings, Jamestrong <strong>Packaging</strong>, Ton Yi Industrial, Grief Incorporated, and GM <strong>Metal</strong><br />
<strong>Packaging</strong> Ltd.<br />
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<strong>Metal</strong> <strong>Packaging</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
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