The Global Metal Packaging Market is forecast to reach USD 168.45 Billion by 2027, according to a new report by Reports and Data. The growing health awareness among customers for sustainable metal packaging, coupled with the shielding and protection of the items from getting spoilt, with a demonstrated wellbeing and supportability, is driving the growth of the market. However, increasing environmental concerns about reusing metal materials and appropriation of high-density polyethylene (HDPE) and Polyethylene terephthalate (PET) bottles are hampering the market's demand.
Rapid urbanization has changed the way of life of the individuals and, thus, has expanded the pervasiveness of rising selection of drums and barrels by different enterprises, for example, paints and coatings and compound ventures, augmenting the demand for the market product. However, increasing demand for plastic packaging within the food sector may hamper the growth of the market in the upcoming years.
The use of Metal Packaging is supported by the Ministry of Commerce, Ministry of Consumer Affairs, Food and Public Distribution, Ministry of Health Family Welfare of the Indian Government, and Metal Container Manufacturers Association of India (MCMA), as the packaging market in India is the principal supporter of the general assembling segment, thereby driving the market demand. The Government of India’s Ministry of Textiles has extended the limit for high-density polyethylene (HDPE) or polypropylene (PP) bags to cover current issues of packaging food grains. Moreover, other nations such as China, Japan, and the United States are also supported by their respective government, which help them to withhold their position in the market and raise the potential to increase expenditure in the Metal Packaging sector. The Asia Pacific region is forecasted to grow with the highest growth rate owing to the increase in the use of Metal Packaging
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A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market. It is projected that the Metal Packaging market will reach USD XX billion in 2027, registering a strong revenue CAGR of XX%.
Some of the Leading Market Players Are Listed Below:
- Ardagh Group,
- Tata Steel Packaging,
- Silgan Holdings,
- Amcor Ltd.,
- Ball Corporation,
- Rexam Plc.,
- Alcoa Inc.,
- Toyo Seikan Kaisha Ltd.,
- Emballator Metal Group,
- CCL Industries Inc.
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The Global Metal Packaging Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Raw Materials Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Caps Closures
- Barrels Drums
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Food Beverage
- Personal Care
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Metal Packaging market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Metal Packaging industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Table of Contents (ToC) – Global Metal Packaging Market
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2027
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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