Metal Packaging Market is Anticipated to Increase at a CAGR of 3.50% from 2022 to 2030, Reaching $1,21,000.00 Million
Research Reports
Feb 06, 2023
Metal Packaging Market size is projected to grow from USD 95,723.94 million in 2022 to USD 1,21,787.59 million by 2030, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2022 – 2030).
The technological advancements in product performance and functionality, as well as advances in the product’s aesthetic look in terms of colours, shapes, and patterns, have largely been responsible for the steady rise in demand for aluminium aerosol cans, which has now reached a new level. Better market prospects are assured by the expansion of end-use applications, particularly in the areas of pharmaceuticals, consumer appliances, and personal care items. Additionally, the beverage market’s development potential is encouraging for the profitability of the metal packaging sector.
However, the main obstacles to industry expansion are things like rising material costs and environmental concerns. Steel and aluminium are two materials that are frequently used in metal packaging and are more expensive than plastic.
Download Report Sample Copy: https://www.marketresearchfuture.com/sample_request/1917
Regional Analysis:
The Metal Packaging Market is expanding in several places. North America, Europe, Asia Pacific, and the rest of the world are these geographical areas.
The region with the biggest market share is North America. This is a result of North America’s booming food and beverage businesses. Additionally, the US leads the Metal Packaging Market and is one of the nations with the highest shareholdings. The reason why the US is the market leader is due to the steadily rising demand for canned and processed goods in this nation.
Later, the projected period’s fastest-growing region is the Asia-Pacific region. This is due to the expansion of numerous sectors, and one of the key factors driving the growth of the metal packaging market in the Asia Pacific region is the need for food and beverage items. Last but not least, the health care industry is the primary driver of growth in the Asia Pacific area. the need for metal sterilisers, trays, tablet wrappers, ointment tubes, etc.
Future expansion will also be seen in Latin America. This is also a result of industry expansion.
Request for Customization: https://www.marketresearchfuture.com/ask_for_customize/1917
Market Segmentation:
By product it is further segmented into food cans, beverage cans, aerosols, Caps and closure, Drums and barrels, Bulk containers & Others.
By material type it is further categorised into Steel, Aluminium & Others.
By end-users it is further segmented into: Food, Beverages, Personal care, Health care, Industrial, Cosmetic and personal care, Automotive, Household & Others.
By region it is divided into:
North America –US, Canada
Latin America– Mexico, Brazil, Peru, Chile and Others
Western Europe– Germany, UK, France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg
Eastern Europe– Poland, Russia
Asia Pacific– India, Japan, China, ASEAN, Australia, New Zealand
The Middle East and Africa– GCC, Southern Africa, North Africa
Key Players:
The key players of the global metal packaging market Ball Corporation, Crown Holdings Inc, Can pack SA, Silgan Holdings Incorporated, Tubex GmbH, Grief Incorporated, Mauser Packaging Solutions, Ardagh Group, DS Containers Inc, and CCL Containers Inc
Check Discount on the Report: https://www.marketresearchfuture.com/check-discount/1917
Related Report
Antimicrobial Packaging Market Information by Material (Plastic, Paper & Paperboard and Others), by Type (Bags, Pouches, Carton Packages and Others) by Application (Food & beverages, Healthcare, Personal Care, and others) and Region – Forecast to 2030
Aseptic Packaging Market Research Report: Information, by Material (Plastic, Paper & Paper board, Metal, and Glass), by Type (Cartons, Bottles & Cans, Bag & Pouches, Vials & ampoules, and Prefillable Syringes) by Application (Food, Beverages, and Pharmaceuticals), Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Forecast till 2027
Retort Packaging Market Research Report: Information By Packaging Type (Pouches, Trays, Cartons and Others), Material (Paper & Paperboard, Aluminum Foil, Polypropylene, Polyester and Others), Application (Food, Beverages and Others) and Region – Forecast till 2030
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US) +44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Contact Information:
Contact: Market Research Future® 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Phone: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Wire, Research Newswire, English