Introduction
Metals have the highest recycling rate in comparison to other competitive packaging solutions such as plastic and flexible packaging. Metal Packaging plays an important role in the process of packaging and preservation. It is used in several industries as food and beverages, healthcare, chemicals, personal care and so on.
Changing style of packaging, innovative package designs, and increasing disposable income are driving the market the market for the product.
However, the increase in shift of consumer preferences toward high-density polyethylene (HDPE) and polyethylene terephthalate (PET) bottles is expected to hamper the growth of the market.
Despite the current pandemic situation, the end-users of this market is recovering to operate in full capacities from 2021 beginning. Along with this, the recovering manufacturing activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Changing lifestyle and rise in disposable income
10.2 Nutrition retentive properties of metal packaging
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Amcor
15.2 CPMC Holdings
15.3 Alcoa
15.4 Ardagh Group
15.5 CCL Industries
15.6 Anheuser-Busch Companies
15.7 Manaksia Group
15.8 Emballator Metal Group
15.9 Crown Holdings
15.10 Grief Incorporated
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The Global Metal packaging market is expected to grow to $167.60 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with a 4.05% CAGR.
Factors such as the 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' are anticipated to drive the market demand.
North America is a prominent regional market.
Key Trends
An increase in demand for the recyclability of metal packaging is expected to fuel the demand.
Extending shelf life and nutrition intactness associated with metal-packaged products is expected to drive the market demand in the future.
The development of new & innovative packaging material is propelling the market.
Key Market Players
Some of the key players in the market are Amcor, Alcoa, Ardagh Group, CCL Industries, Anheuser-Busch Companies, CPMC Holdings
The key players are dominating the market by adopting collaborative business strategy owing to key factors such as, to increase their productivity, to provide highly regarded products to consumers, and to expand their regional presences. Also, companies are increasing their investments on R&D and new product development.
Growth Drivers and Challenges
Changing lifestyle and rise in disposable income is driving the market growth.
The Nutrition retentive properties of metal packaging are one of the drivers of the market.
The need for innovative, customized metal packaging is also significantly catalyzing market growth.