Increased urbanization and the need to maintain a healthy lifestyle has led to an increased demand for use of metal packaging. The driver for global market is the increase in consumer preference for processed and packaged foods.
Metal packaging is attaining popularity because of changing consumer taste, rising sale of grocery products including frozen and chilled food, and changing lifestyle. Improving standard of living, rising income, steadily growing economies, and increasing alcoholic consumption represent key growth drivers in the Asia-Pacific region.
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The Global Metal Packaging Market is projected to reach $135.69 Billion by 2020, with a CAGR of 3.0% from 2015 to 2020. The North America region accounted for around 34.4 % of the total market share in terms of value, followed by the European and Asia-Pacific regions.
In the recent years, Asia-Pacific has tremendously progressed in the metal packaging market which primarily includes emerging markets such as India and China. The North America realm held the majority of share in 2015 and accounted 34.4% of the total market, followed by Europe and Asia-pacific market with the share of 31.6% and 22.5% respectively.
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Scope of the Report:
Based on Type:
• Caps & Closures
• Barrels & Drums
• Others (Others include aerosol, tube, and lid)
Based on Application:
• Personal care
• Other (others includes industrial bulk, shipping, and cosmetic)
Based on Raw Material:
• Others (Others include tin)
Based on Region:
• North America
• Rest of the World (RoW)
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The global market is marked with intense competition due to the presence of a large number of both big and small firms. The Key Players in this market are Alcoa Incorporated (U.S.), Amcor Limited (Australia), Ardagh Group (Europe), Ball Corporation (U.S.), CPMC (China), Crown Holdings (Europe), Greif Incorporated (U.S.), Silgan Holdings (Connecticut, U.S.), Rexam Plc (U.K.), and Ton Yi Industrial (China).
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