Pune, India -- (SBWIRE) -- 04/02/2018 -- Market Research Future published a research report on "Global Metal Packaging Market Research Report- Forecast 2022" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Global Metal Packaging Market by Product (Cans, Drums & Barrels, Caps & Closures, Others), by Material (Steel, Aluminum and Others), by Application (Beverage, Food, Personal Care, Pharmaceuticals and Others) by Region (North America, Europe, Asia-Pacific, Rest of World) - Forecast to 2022

Metal packaging is the process of enclosing or protecting products using materials such as aluminum and steel for distribution, storage, sale, and use. Such packaging is used across industries such as food & beverages, chemicals, pharmaceuticals, and personal care.

The growth of global metal packaging market can be attributed to factors such as increasing disposal income and changing consumer preferences. In addition, growing demand from the food and beverage markets has been instrumental in fuelling the overall growth in the packaging industry. However, increasing material cost and environmental issues are the major restraints to the growth of market.

The global metal packaging market is poised to grow approximately at 3.28% CAGR and is estimated to touch USD 138.1 Million by the end of 2022.

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Metal Packaging Global Market - Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Metal Packaging appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. To increase the market share and to tackle the alternative packaging material market, the metal packaging companies are also focusing on developing new metal packaging material prototypes and different product marketing strategies Marketers employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to meet the changing needs of consumer. The market is expected to witness the entry of several new players who are technologically advanced and will capture a major portion of fast moving consumer goods packaging market in the coming years.

Metal Packaging Global Market - Segmentation

The Metal Packaging Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Product :

Comprises Cans, Drums & Barrels, Caps & Closures, and others.

Segmentation by Material:

Comprises Steel, Aluminium, and others.

Segmentation by Application:

Comprises Beverage, Food, Personal Care, Pharmaceuticals and Others.

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Metal Packaging Global Market - Regional Analysis

North America has dominated the market with 33.3% market share in 2015, factors such as fast-paced lifestyle leading to convenience packaging is driving the market. US is dominating the metal packaging market in North America with a market share of 80% in 2015.

Key Players

Amcor Ltd. (Australia), Ardagh Group (Ireland), CPMC Holdings Ltd. (China), Crown Holdings (U.S.), Grief Incorporated (U.S.), Silgan Holdings (U.S.), Rexam Plc. (U.K.), Toyo Seikan Group Holdings, Ltd. (Japan), Ball Corporation (U.S.) and Huber Packaging Group GmbH (Germany) are some of the leading players operating in this market.

Target Audience

- Manufactures
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager

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