The Metal Packaging Market is estimated to expand at a faster CAGR over the forecast period (2021-2028).

The factors driving the growth of the Metal Packaging Market includes rising demand for canned food products around the world, changing lifestyles, rising consumption of cookies, tea and coffee, excellent preservative properties of metal and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, rising awareness about the benefits of metal packaging solutions, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Metal Packaging Market size. In addition, the increasing investments by major companies on research and development, strategic mergers and collaborations between key industry players and growing population growth rates, are further contribution towards the Metal Packaging Market share.

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However, growth of the Metal Packaging Market is hindered due to rising environmental concerns related to the use of plastic products.

The prominent players operating in the market are Greif Incorporated, Mauser Packaging Solutions, Ardagh Group, Ball Corporation, Crown Holdings Inc., Can-Pack SA, DS Containers Inc, CCL Container Inc., Silgan Holdings Incorporated and Tubex GmbH, among others.

Based on Product, Type, Cans segment is predicted to grow at a significant CAGR during the forecast period

Rising preference amongst manufacturers for small-size and multi-pack packaging formats and growing environmental concerns across the globe, are pushing growth of the segment.

Based on Application, the Food and Beverage segment is projected to grow at a robust CAGR over the forecast period

Increasing use of aluminum metal packaging solutions in the food and beverage industry owing to its lightweight and corrosion resistance properties, is propelling growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

Growing consumption of canned food products across India, China and Indonesia, technological innovations in the metal packaging solutions, rapid urbanization, growing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Developments

• In 2021, Ball Corporation planned to expand cans capacity by building new aluminum beverage packaging plants across UK & Russia.

• In 2021, Crown Holdings (CCK) inaugurated a new beverage Can Plant in Nevada. CCK declared the addition of a new beverage can plant in Mesquite, NV. This two-line advanced facility will offer standard and specialty beverage cans to its diversified offerings including carbonated soft drinks, energy drinks, sparkling water, beer, hard seltzers, and ready-to-drink cocktails.

• In 2021, Silgan Holdings completed the acquisition of Easytech Closures S.p.A. This acquisition will help both the companies to use existing capacity for metal ends effectively and efficiently and minimize capital investment in short period.

Market Segmentation

Segmentation by Material Type

• Aluminium

• Steel

Segmentation by Product Type

• Cans

• Bulk Containers

• Shipping Barrels and Drums

• Caps and Closures

• Others

Segmentation by Vertical

• Food and Beverage

• Industrial

• Cosmetic and Personal Care

• Paints and Varnishes

• Automotive

• Household

• Others

Segmentation by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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