According to Stratistics MRC, the Global Metal Packaging market is accounted for $125.50 billion in 2017 and is expected to reach $180.18 billion by 2026 growing at a CAGR of 4.1% during the forecast period.
Growing adoption for packaged food sales, rising demand for aerosol products, increasing usage metal packaging in alcohol industry, and demand of canned vegetables and foods are some of the factors leading the market growth. However, ecological balance is hampering the market growth.
On the basis of material, Metal is used for packaging purpose, made from aluminium or steel, is used throughout the retail, wholesale, commercial and industrial sectors. It comes in various shapes and sizes as the speciality is it can pack any product virtually. Depending on Type, Caps & Closures seals the content within the container and allows assigns exempt of the contents as they are light weighted, cost effective. They are used in various industries for keeping the products fresh. Health care industry is more into caps & closure as they are cheap.
By geography, North America is expected to be bench topper in metal packaging market on comparing to all other regions as it offers potential opportunities due to the presence of pharmaceutical industries and increasing urban population of households. Due to this companies are focusing more on the innovative products.
Some of the key players in Metal Packaging markets are Alcoa Incorporated, Rexam PLC, Crown Holdings, Incorporated, CPMC Holdings Limited, Amcor Limited, Ardagh Group, Ton YI Industrial Corporation, Greif Incorporated, Ball Corporation, Bway Corporation, Silgan Holdings, Incorporated, BULMETAL JSC, Can-Pack S. A., Anheuser-Busch Companies, Inc., Novelis Inc., Alcoa Inc., Constellium N.V, France Fil International, Reynolds Group Holdings Limited and Bericap GmbH Co. & Kg.
Caps & Closures
Barrels & Drums
Tins & Boxes
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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