Metal Packaging Market Top Producers, Consumers and Growth Opportunity: Radiant Insights

According to a report available on Radiant Insights, Inc.; the metal packaging market is expected to expand progressively by 2025. Increasing demand for convenient packaging and increasing use in end use industries including food, medical, cosmetics, and household can propel the market over the forecast period (2018 to 2025). In addition technological advancements and increasing investments is likely to create more opportunities in the market.

Rise in health awareness among the consumers is considered as one of the major driving factors for the market. Use of these packaging in food and beverage industry is on a rise as metals help to preserve food products from pathogens. Additionally, benefits associated with metal-packed food products such as nutritional intactness and longer shelf life are likely to spur the demand for these packaging. Increasing demand for packaged food due to burgeoning population across the world and growing consumption beverages is likely to increase demand for metal cans in beverage manufacturing companies. Besides, these packaging are extensively being used in healthcare products such as ointment tubes trays, wrappers, metal sterilizers, and others. Thus, growing demand in healthcare sector will support the market growth in the coming years. Since, metals consist better recycling rate as compared to plastics and other flexible packaging.

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However, increasing shift towards high-density polyethylene (HDPE) and polyethylene terephthalate (PET) bottles are expected to hamper the market growth. Worldwide metal Packaging market can be segmented on the basis of product type, material type, application, and region. As per product, the market can be categorized into cans, aerosol containers, drums and pails, tubes, closures and lids, trays and foils, and others. As per material type, the market can be bifurcated into aluminum alloy, steel, tin, and others. On the basis of application, the market can be split into food, medical, cosmetics, household, industrial, and others.

Geographically, the metal packaging market can be divided into North America, Europe, Southeast Asia, China, Japan, India, Central and South America, and Middle East and Africa. North America holds the major market share followed by Europe. High demand for convenient packaging and increasing consumption of beverages has increased the demand for aluminum beverage cans due to its recyclability. But, use of flexible and plastic packaging may restrict the market in this region. The U.S. is the major contributor in this region. Increasing demand for canned food and increasing establishments of new brewer companies have increased the demand for metal-based packaging.

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Emerging countries such as India and China are expected to show high growth in the coming years due to rapid growth of end use industries. Europe is likely to show significant growth on account of increasing use of aluminum in aerosol containers. The countries such as Germany, France, and the U.K. are the major manufacturers of these cans. Use of aluminum aerosol cans is increasing in packaging industry, as they are efficient, safe and easy to use. Prominent players operating in the metal packaging market include Tinware Direct Ltd., RLM Packaging Ltd., P Wilkinson Containers Ltd., Central Tin Containers Ltd., and Roba Metals. The manufacturers in the market are continuously focusing on the development of alternative packaging methods and employment of new marketing strategies to gain higher share in the market. For instance, Cyclo Industries, a part of Pidilite USA, Inc., provider of automotive lubricants, fuel additives, brake cleaners, and specialty products introduced the new aerosol can technology to the U.S. These cans are intended to provide better grip on the can.

Read more related reports by Radiant Insights:

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About Radiant Insights, Inc

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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