Markets And Markets

Metal Packaging Market to reach $135.69 Billion by 2020

Press Release   •   Oct 10, 2016 07:15 EDT

The report “Metal Packaging Market by Type (Cans, Caps & Closures, Barrels & Drums, & Others), Raw Material (Steel, Aluminum, & Others), & by Application (Food , Beverages, Healthcare, Personal Care & Others) - Trends and Forecast to 2020” defines and segments the global metal packaging market with analysis and forecasting of the global volumes and revenues for metal packaging market. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.

Browse 172 market data tables and 63 figures spread through 210 pages and in-depth TOC on “Metal Packaging Market - Trends and Forecast to 2020"

http://www.marketsandmarkets.com/Market-Reports/metal-packaging-market-51906336.html

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The market is segmented; volumes and revenues are forecasted on the basis of major regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and their market sizes forecasted for each region. Further, the market is segmented; volumes and revenues are forecasted on the basis of type, raw material, application, and region.

The metal packaging market is buyer-oriented. It has shown substantial growth due to the resurgence of the goods and beverage industry. The urge of convenient packaging in developed and developing economies is the driving force for the global metal packaging market.Emerging economies like India, China, and Brazil have changed their buying pattern by purchasing more packaged food to preserve food. Rising food market enables the global players to introduce new products, expand to new regions, and develop new technologies. Asia-Pacific with emerging nationsis the most attractive market because of its inclination towards improvement in quality of food.

The global metal packaging market is projected to reach $135.69 Billion by 2020, with a CAGR of 3.0% from 2015 to 2020. This is because strong growth of end-use industries in developing countries including India, China, and Brazil is further anticipated to propel the market growth over the projected period. The North American region accounted for around 34.4% of the total market share in terms of value, followed by the European and Asia-Pacific regions. However, as the urbanization is rising in developing countries such as China and India, are estimated to grow at a higher rate from 2015 to 2020.

The global market is projected to be valued at $135.69 billion by 2020. The Asia-Pacific region is projected to grow at the highest CAGR of 4.4% during the review period, that is, from 2015 to 2020.

The growth of this market is primarily driven by the following:

  • Increasing urbanized population
  • Developing economies and GDP
  • Increasing consumption of canned food
  • Rising demand of packaged food

The food segment is projected to grow at the highest CAGR of 4.0% from 2015 to 2020. The metal packaging market was dominated by steel material segments, which accounted for 68% of the total market in 2014.

The global market is marked with intense competition due to the presence of a large number of both big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The key players in this market are Alcoa Incorporated (U.S.), Amcor Limited (Australia), Ardagh Group (Europe), Ball Corporation (U.S.), CPMC (China), Crown Holdings (Europe), Greif Incorporated (U.S.), Silgan Holdings (Connecticut, U.S.), Rexam Plc (U.K.), and Ton Yi Industrial (China).

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