Metal Packaging Market to grow USD153 Billion by 2022

Metal Packaging Market Outlook 2019-2026:

Global Metal Packaging Market top key players are Ardagh Group, Alcoa Incorporated, CPMC Holdings Ltd, Manaksia Group, Emballator Metal Group, Ball Corporation, Crown Holdings, Silgam Holdings, Ton Yi International, and Tata Steel.

Metal Packaging Market is expected to garner $153 billion by 2022, registering a CAGR of 3.3% during the period 2016 - 2022. Based on end use, food segment occupied more than two-fifths share of the total market in 2015.

Download Sample Copy of this Report at: https://www.alliedmarketresearch.com/request-sample/1910

Metal packaging provides superior barrier protection to the contents packed from pathogens. In addition, it extends the shelf life, which provides consumers the benefits of year-round availability of perishable food products. Furthermore, metals can be easily sterilized, which makes them a versatile material of choice in food, beverages, and healthcare applications. Steel and aluminum are the two most extensively used metals for packaging.

Global rise in population and on-the-go lifestyle have triggered the demand for convenient packaging. Furthermore, increase in health awareness and health benefits associated with metal-packaged products is anticipated to provide potential growth opportunities to the market. However, fluctuation in prices of raw materials and bisphenol A (BPA) exposure are expected to hinder the market growth. Technological advancement such as modified atmospheric packaging, investment in expansion of facilities by market players, and e-commerce are expected to fuel the market growth.

Increase in global consumption of alcoholic and nonalcoholic beverages has positively impacted the growth of metal packaging market with increase in demand for aluminum beverage cans. Moreover, increase in new brewery firms and confectionery items has increased the demand for caps and closures, respectively. Furthermore, growth in industrialization is expected to trigger the demand for bulk packaging such as drums and barrels. Based on product type, cans have occupied approximately two-thirds share in 2015, and is expected to grow at a CAGR of 2.9% during the forecast period.

First time buyer? Check offers and discount on this report: https://www.alliedmarketresearch.com/purchase-enquiry/1910

Key Findings of the Metal Packaging Market

 

  • In terms of both value and volume, aluminum is projected to show fastest growth during the forecast period.
  • Based on product type, drums & barrels is expected to grow at a CAGR of 3.3% from 2016 to 2022, in terms of volume.
  • In 2015, Europe occupied one-third share of the global market, in terms of revenue.
  • Asia-Pacific is expected to grow at a CAGR of 4.1% during the forecast period.
  • Based on end use, personal care is expected to grow at a CAGR of 4.0%.
  • Beverages segment occupied approximately one-fourth share in 2015, and is expected to grow at a CAGR of 3.4%.

LAMEA is projected to grow at a CAGR of 4.3% during the analysis period, owing to increase in demand for canned food products and scarcity of harvestable land. India is expected to grow at a CAGR of 4.7% during the forecast period.


Read More @ https://www.prnewswire.com/in/news-releases/metal-packaging-market-expected-to-reach-153-billion-by-2022-globally---allied-market-research-614985873.html

Comments

Post a Comment

Popular posts from this blog

Bio-Alcohols Market Value to Grow USD11.6 Billion by 2022

Bio-Alcohols Market Outlook 2014-2022: Global Bio-Alcohols Market major players are BioAmber Inc., Cargill Inc., Genomatica Inc., Myriant Corporation, BASF SE, Cool Planet Energy Systems Inc., Fulcrum BioEnergy Inc., Mitsubishi Chemical Corporation, Harvest Power Inc., Valero Energy Corporation, BP Biofuels, and Raizen S.A. Bio-Alcohols Market is expected to garner $11,574 million by 2022, registering a CAGR of 8.6% during the period 2014-2022. Bioethanol is the largest segment by type and is expected to grow at a CAGR of 7.6% during the forecast period, in terms of revenue. Download Sample Copy of this Report at: https://www.alliedmarketresearch.com/request-sample/1876 Factors that drive the growth of the bio-alcohols market  are,  the demand for greener fuel coupled with providing long-term energy security to supply energy in line with economic developments and sustainable environmental needs. Volatility in crude oil prices is also expected to provide significant
Read more

Animal Acids Nutrition Market : A Global Spotlight

Animal Acids Nutrition Market Outlook 2019-2026: Global Animal Acids Nutrition Market top key players are Ligrana GmbH, Ajinomoto Eurolysine S.A.S., Avebe Group, Oleet Processing Ltd., Corbion nv, Yara International , Hexagon Nutrition Pvt. Ltd., Barentz Group, GITES GmbH (Ltd.). Addition of acids improves the hygiene status of animal feed. Acids have a positive effect on the digestive tract, improve the flavor of the animal feed, and can be supplemented with nutrients. Acids act as highly effective alternatives to conventional performance enhancers when mixed in correct proportions. Usage of organic acids in animal nutrition has gained significant importance in the feed industry after the European ban of antibiotic growth promoters (AGPs) in 2006. Download Sample Copy of this Report at: https://www.alliedmarketresearch.com/request-toc-and-sample/2622 Increase in global meat consumption, industrialization of meat products, and rise in awareness of the quality of
Read more

Chlorinated Paraffin Market Value offering at USD2.5 Billion by 2022

Chlorinated Paraffin Market Outlook 2014-2022: Global Chlorinated Paraffin Market was valued at $1,902 million in 2015, and is expected to reach $2,426 million by 2022, supported by a CAGR of 3.5% during the forecast period 2016 - 2022. China is one of the prominent producers of chlorinated paraffin and held nearly one-fifth of the total market in 2015. Chlorinated paraffin is colorless or yellowish, viscous, dense oils, except for the chlorinated paraffins of long carbon chain length with high chlorine content (about 70%), which are solid. Chlorinated paraffin offers advantages such as flame retardancy and low-temperature strength as well as increases the flexibility of the materials. Chlorinated paraffins are used as extreme pressure additives as metal working lubricants or cutting oils. This is attributed to their compatibility with oils, viscous nature, and property of emancipating hydrochloric acid at high temperatures. They improve the resistance to water and chemica
Read more