Metal Packaging Market by Component (Precision Air Conditioning, Server Cooling, Chillers, Economizer, Air Handling Units), by Cooling Type (Air, Liquid), by Service (Professional, Managed Service), by End-User (SMEs, LSEs) and by Verticals (Telecom & IT, BFSI, Healthcare) - Forecast 2016-2022

Market Synopsis of Global Metal Packaging

Metal packaging is the process of enclosing or protecting products using materials such as aluminum and steel for distribution, storage, sale, and use. Such packaging is used across industries such as food & beverages, chemicals, pharmaceuticals, and personal care.

The growth of global metal packaging market can be attributed to factors such as increasing disposal income and changing consumer preferences. In addition, growing demand from the food and beverage markets has been instrumental in fuelling the overall growth in the packaging industry. However, increasing material cost and environmental issues are the major restraints to the growth of market.

The global metal packaging market is poised to grow approximately at 3.28% CAGR and is estimated to touch USD 138.1 Million by the end of 2022.

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Regional Analysis of Global Metal Packaging Market

North America has dominated the market with 33.3% market share in 2015, factors such as fast-paced lifestyle leading to convenience packaging is driving the market. US is dominating the metal packaging market in North America with a market share of 80% in 2015.

Asia-Pacific region is expected to show the fastest growth during the forecast period due to rapid urbanization, rising income & changing lifestyle in the region.

Key Players

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) are some of the leading players operating in this market.

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