Metal Packaging Market was valued US$ 121 Bn in 2017 and is estimated to reach approximately US$ 152 Bn By 2026 at a CAGR of about 3 % during a forecast. Increasing urbanization, rise in packaged food sales, increasing demand for aerosol products, rising demand for metal packaging in alcohol industry, increasing consumption of canned vegetables & foods and improved standard of living is driving the metal packaging market. Pharmaceuticals and cosmetics industry is boosting the growth of the metal packaging market. Increase in demand for metal-based healthcare products such ointment tubes, tablet wrappers, trays, metal sterilizers, and others is offering potential growth opportunities. Metals have the highest recycling rate than other packaging solutions such as plastic and flexible packaging. Environmental issues related to steel manufacturing and flexible packaging brings restrain to market. To prevent metal corrosion and breakages, preserving the food inside bisphenol A or phthalates are used in inside lining of cans, intake of canned food in higher concentration than canned vegetable and fruits, which in turn increases the estrogen level in humans leading to serious health issues. Metal Packaging Market Among metal packaging products like cans, caps & closures, barrels & drums, and others. Cans segment holds a major share. Cans are valued for their convenience, protection, sustainability and portability. Caps & closure segment finds its major application in pharmaceutical, cosmetic and personal care packaging. Barrels & drums packaging is tough, reliant and economical. Barrels & drums are used when strength is an important factor in product packaging. Metal packaging material include steel, aluminium and others. Steel material leads the market followed by aluminum. Stainless steel are tough, reliable and economic. Aluminum packaging offers a high level of corrosion resistance, optimal protection properties by an impermeable metal barrier to light, ultra-violet rays, water vapor, oils and fats, oxygen and micro-organisms. Other materials include nickel, copper and titanium. Foods & beverages holds maximum share of market followed by healthcare and personal care. Improved lifestyle and increased disposal income has gave rise to packed and processed food. This has driven the market for food & beverages packaging market. Collapsible metal tube has gain popularity in cosmetic and ointment packaging owing to its properties like lightweight and unbreakable. North America is estimated to hold major market share of the global metal packaging market due to the presence of strong food & beverage, and pharmaceutical industries. Asia Pacific is predicted to show a growth at highest CAGR. Middle East, Eastern Europe and Africa will show a significant growth on account of consumer preference towards lightweight and easy-to-dispose packaging. Key Players Profiled and Analised in the Report. Silgan Holdings, Rexam Plc, Jamestrong Packaging, Shetron Group, Ton Yi Industrial, Bericap Group, GM Material Packaging Ltd., Fujian Fuzhen Material Packaging Co. Ltd., Mcor of Limited, Ardagh Group, Alcoa Incorporated, CPMC, Manaksia Group, Emballator Material Group, Crown Holdings and Grief Incorporated.

Scope of the Metal Packaging Market Report

Metal Packaging Market By Product Type:

• Cans • Caps & Closures • Barrels & Drums • Others

Metal Packaging Market By Material Type:

• Steel • Aluminum • Others

This Report Is Submitted By @Maximize Market Research Company

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