Global metal packaging industry expected to reach $147.4 billion by 2030 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “Metal Packaging Market by Material, By Type, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030” has been added to from ResearchAndMarkets.com offer.

Global Metal Packaging Market was valued at USD 108.8 Billion in 2020 and is projected to reach USD 147.4 Billion by 2030, growing at a CAGR of 3.1% from 2020 to 2030.

Metal packaging refers to a variety of packaging and protective materials made from steel sheets and aluminum sheets. The most common types of metal packaging materials include aerosol and beverage cans, containers, drums, barrels, hubcaps and closures. It protects the contents from moisture and bacteria and keeps food fresh without refrigeration. These materials also have advantages, such as compactness, high density, toughness, ductility and thermal conductivity, and are widely used in food, beverages, industrial products, personal care products and pharmaceutical packaging. .

The growing food and beverage industry is currently one of the major drivers of market growth. Metal cans, especially aluminum cans, are one of the most popular packaging solutions for storing a variety of beverages, such as beer, sparkling wine, sodas, iced tea, soft drinks, energy drinks and coffee-based drinks. Increasing acceptance of metal packaging by organic food manufacturers is helping the market grow.

This is further catalyzed by growing consumer awareness of the various health benefits of storing organic products in metal-based packaging products. Moreover, the advent of resalable and customizable cans with improved functionality and storage capacity is creating positive prospects for the growth of the market. Manufacturers are developing innovative and aesthetically pleasing designs for a variety of personal care products to expand their customer base. Other factors, such as increasing usage of aerosol canisters in the pharmaceutical industry, vast R&D activities, and rapid urbanization globally are expected to continue driving the market.

The metal packaging market is segmented into type, material, application, and region. Based on type, the market is categorized into Cans, Caps & Closure, Barrels & Casks, and Others. According to the material, it is fragmented into steel, aluminum and others. By application, it is categorized into food, beverage, healthcare, personal care, and other. Regionally, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

Impact of COVID-19

The COVID-19 pandemic is spreading rapidly and ruthlessly affecting business environments in major markets. The demand for metal packaging is experiencing a significant decline in all segments. Some regions, especially North America and Europe, are seeing a bigger decline than Asia-Pacific. Amid the current crisis, metal packaging producers are operating at lower capacity and planning to scale up operations after carefully assessing the development of COVID-19 in the short term.

Also, the import and export business has been heavily impacted, which in turn is negatively impacting the industries using metal packaging, thus affecting the metal packaging market.

With nearly 98 billion units produced each year and four groups consumed each week by every EU citizen, Metal Packaging Europe (MPE) has led European producers of rigid metal packaging to recognize the metal packaging sector as essential to ensure the uninterrupted flow of critical goods in the aftermath of COVID-19. Several expansion projects by beverage can manufacturers have helped countries meet the growing demand for metal cans in recent years. However, due to country-specific travel restrictions and security concerns, there have been delays.

Main benefits for stakeholders

  • This report provides a quantitative analysis of market segments, current trends, estimates and dynamics of the Metal Packaging Market analysis from 2020 to 2030 to identify current opportunities in the Metal Packaging Market.

  • Market research is offered with information related to key drivers, restraints, and opportunities.

  • Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.

  • In-depth analysis of metal packaging market segmentation helps to determine the existing market opportunities.

  • Major countries in each region are mapped according to their revenue contribution in the global market.

  • The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.

  • The report includes analysis of regional and global Metal Packaging market trends, key players, market segments, application areas and market growth strategies.

Main market players

  • Amcor plc

  • Ardagh Group SA

  • ball company

  • CPMC Holdings Ltd.

  • Crown Holdings Inc

  • Greif Incorporated

  • European metal packaging

  • Silgan Holdings Inc.

  • Tata Steel

  • Ton Yi Industrial

Key market segments

By material

By type

  • Cans

  • Caps and closures

  • Drums and barrels

  • Others

By request

  • Food

  • Beverages

  • Personal care

  • Health care

  • Others

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • UK

  • Germany

  • France

  • Spain

  • The rest of Europe

  • Italy

  • Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Saudi Arabia

  • South Africa

  • Rest of LAMEA

For more information about this report visit https://www.researchandmarkets.com/r/jnymgo

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