Metal Packaging Market Share- Industry Size, Analysis, Trends and Forecast to 2020-25
According to the latest report by IMARC Group, titled “Metal Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global metal packaging market reached a strong double-digit growth in 2019. Metals are sustainable materials that are widely used for manufacturing various packaging containers. Metal packaging is compact and offers high density, toughness, malleability and high thermal conductivity. Consequently, it is preferred in the food and beverage (F&B) industry for preserving food from pathogens, extending its shelf-life and maintaining nutrition intactness. Metal packaging is also gaining popularity across the globe on account of its minimal impact on the environment as compared to other packaging solutions.
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Growing population, hectic schedules and inflating income levels are escalating the demand for packaged food products, which in turn, is impelling the global metal packaging market growth. Moreover, metal packaging is employed in the healthcare sector for manufacturing ointment tubes, tablet wrappers, trays and sterilizers. Apart from this, the rising demand for eco-friendly and sustainable packaging alternatives, along with the increasing awareness among consumers about environmental concerns, is expected to create lucrative opportunities for manufacturers operating in the industry in the upcoming years. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2020-2025.
Market Breakup by Product Type:
• Cans
• Drums
• Metal Caps and Closures
• Bulk Containers
• Others
Market Breakup by Material:
• Steel
• Aluminum
• Others
Market Breakup by Application:
• Beverage Packaging
• Food Packaging
• Healthcare and Personal Care Products Packaging
• Cosmetic Packaging
• Industrial Packaging
• Others
Competitive Landscape Key Player:
• Alcoa Corporation
• Amcor Plc
• Ball Corporation
• Crown Holdings
• Silgan Holdings Incorporated
• Greif Incorporated
• Ardagh Group
• Can-Pack SA
• Tubex GmbH
• Mauser Packaging Solutions
• Bway Corporation
• CPMC Holdings Limited
• Rexam PLC
• Ton YI Industrial Corporation
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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