Metal Packaging Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Metal Packaging Market: By Material (Steel, Aluminum, and Others), By Type (Cans, Caps and Closures, Drums and Barrels, and Others), By Application (Food, Beverages, Personal Care, Health Care, and Others), and Geography

 

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Report

Description

Metal Packaging Market Size is anticipated to be valued at USD 105.7 Billion in 2021 and is expanded to grow at a significant CAGR of 2.9% over 2022-2028. Packing that employs metal act as a strong barrier and plays a significant role in food preservation. The growing popularity of using metal packing for canned food enhances consumption because there is an excellent demand for canned food, especially in busy urban areas. Metal packing 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 an increase in the use of metal-based packaging. The pharmaceutical and cosmetics industry is propelling the growth of the market as metal protects the products from the external environment and acts as a barrier. The use of Aluminum and steel metal for metal packing provides new opportunities as they are hundred percent recyclable and protect food from contamination. Based on material type accounted for the larger share. Aluminum is the most prevalent metal used in packaging, and it’s flexible and supports unique shapes and styles for creative packaging. The growing demand for Aluminum cans in the United States and Europe also boost the growth of this segment. Based on application, the food and beverages segments held the highest share in 2021.

Recent Market Developments:

In August 2021, Ardagh Metal Packaging S.A. a leading provider of sustainable and infinitely-recyclable beverage cans, and Gores Holdings V, Inc. a special purpose acquisition company sponsored by an affiliate of The Gores Group, announced the completion of their previously announced business combination

In Sep 2021, Silgan Holdings Inc.  a leading supplier of sustainable rigid packaging solutions for consumer goods products announced that it has acquired Unicep Packaging. As a Specialty Contract Manufacturer and Developer (SCMD) solutions provider, this business develops, formulates, manufactures, and sells precision dosing dispensing packaging solutions, such as diagnostic test components, oral care applications, and skin care products, primarily for the health care, diagnostics, animal health, oral care, and personal care markets.

Metal Packaging Market

MARKET SUMMARY
-
2.9%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 2.9%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Metal Packaging Market

  • The metal packaging market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The metal packaging market is segmented based on material, type, application, and geography.
Key Players
  • Alcoa Corporation
  • Crown Holdings
  • Ardagh Group
  • Ball Corporation
  • CPMC Holdings Limited
Metal Packaging Market

Dynamics

One of the key factors driving business expansion is the expanding food and beverage industry. Organic food makers are increasingly using metal packaging, which is boosting industry growth. The global metal packaging market is constrained by the lower cost of its substitute products and the safety concerns related to metal packing.


North-America Got Significant Share

Metal Packaging Market

North America is projected to be the prominent market shareholder and is anticipated to continue throughout the forecast period of 2020-2027. Furthermore, the large production and the increasing use of the product for the packaging of crude oil such as jet fuel, gasoline, kerosene, light virgin naphtha, and others also boosted the demand for the product. The Asia Pacific is projected to display a significant presence in the metal packaging market owing to the growing popularity of the use of the product in the packaging of sweat products such as rasgulla, gulab jamun, and others, especially in countries like India.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Metal Packaging Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Metal Packaging Market is projected to expand at a CAGR of 18.7% during the forecast period.

Alcoa Corporation, Ball Corporation, Crown Holdings., Ardagh Group

Asia-Pacific is the fastest-growing region for Metal Packaging Market


Report

Company Profile

  • Alcoa Corporation
  • Crown Holdings
  • Ardagh Group
  • Ball Corporation
  • CPMC Holdings Limited
  • Amcor Limited.
  • Silgan Holdings,
  • Tata Steel Packaging,
  • Sonoco Products Company,
  • Reynolds Group Holdings,
  • Toyo Seikan Kaisha Ltd.
  • Rexam Plc.

Description

Metal Packaging Market Size is anticipated to be valued at USD 105.7 Billion in 2021 and is expanded to grow at a significant CAGR of 2.9% over 2022-2028. Packing that employs metal act as a strong barrier and plays a significant role in food preservation. The growing popularity of using metal packing for canned food enhances consumption because there is an excellent demand for canned food, especially in busy urban areas. Metal packing 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 an increase in the use of metal-based packaging. The pharmaceutical and cosmetics industry is propelling the growth of the market as metal protects the products from the external environment and acts as a barrier. The use of Aluminum and steel metal for metal packing provides new opportunities as they are hundred percent recyclable and protect food from contamination. Based on material type accounted for the larger share. Aluminum is the most prevalent metal used in packaging, and it’s flexible and supports unique shapes and styles for creative packaging. The growing demand for Aluminum cans in the United States and Europe also boost the growth of this segment. Based on application, the food and beverages segments held the highest share in 2021.

Recent Market Developments:

In August 2021, Ardagh Metal Packaging S.A. a leading provider of sustainable and infinitely-recyclable beverage cans, and Gores Holdings V, Inc. a special purpose acquisition company sponsored by an affiliate of The Gores Group, announced the completion of their previously announced business combination

In Sep 2021, Silgan Holdings Inc.  a leading supplier of sustainable rigid packaging solutions for consumer goods products announced that it has acquired Unicep Packaging. As a Specialty Contract Manufacturer and Developer (SCMD) solutions provider, this business develops, formulates, manufactures, and sells precision dosing dispensing packaging solutions, such as diagnostic test components, oral care applications, and skin care products, primarily for the health care, diagnostics, animal health, oral care, and personal care markets.

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