Metal Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Albany, NY -- (SBWire) -- 07/31/2018 --Metal Packaging plays an important role in the process of packaging and preservation. Globally, metal packaging has been witnessing a strong growth over the past few years on account of increasing health consciousness among consumers. There are several types of metal packaging used across the world. Use of cans is one of the most widely used type of metal packaging and it has become an important part of the human diet in developed and developing countries during past few years.

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Metal packaging has a lucrative business opportunity, since it has excellent printability, cost effective- high speed filling & packaging, glossy & high aesthetic value over other packaging materials. The market of global Metal Packaging is anticipated to be driven by many factors such as rise in packaged food intake, and beverages, particularly the increased consumption and use of canned fruits and vegetables and the trend towards 'on-the-go' lifestyles among progressively time-poor consumers.

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The global Metal Packaging market is segmented on the basis of product types such as cans, drums & pails, aerosols, lids, tubes, trays & foils, caps & closure and others. On the basis of metals used, the global metal packaging is segmented into aluminum, steel, tin and iron.

Nutrition retentive properties of metal packaging is one of the significant factors driving the market. The growth of pharmaceutical industry and personal care industry is another major reason for the increasing demand of metal packaging.

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On the basis of end use industry, the global metal packaging is divided into food & beverages industry (whipped cream, beer bottles, etc.), food services industry (catering services, etc.), oil & gas industry (storage of petroleum, etc.), chemical industry (storage of industrial solvents, etc.), personal care industry (deodorants, shave products, etc.), household products (air fresheners, crockery, etc.), industrial use (degreasers, spray paints, etc.) and many others.