Metal Packaging Market – Overview
The demand for aluminum aerosol cans has been steadily rising, reaching a new level, driven largely by technological improvements in product performance and features, and innovations in aesthetic appearance in terms of colors, shapes and prints. The expansion in end-use application, especially in the field of personal care products, consumer household appliances and pharmaceuticals ensure better market prospects. In addition, the growth potential of the beverage market bodes well for the profitability of the metal packaging industry.
The market is projected to diversify at a CAGR of 3.28% in the forecast period.
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The well-known contenders functioning in the metal packaging globally comprise of
- Ardagh Group (Luxembourg)
- CPMC Holdings Ltd. (China)
- Amcor Ltd. (Australia)
- Crown Holdings (U.S.)
- Toyo Seikan Kaisha Ltd. (Japan)
- Grief Incorporated (U.S.)
- Rexam Plc. (U.K.)
- Ball Corporation (U.S.)
- Silgan Holdings Inc. (U.S.)
- Huber Packaging (Germany)
The segmental analysis of Metal Packaging Market is carried out on the basis of product, material, region, and application. Based on material, the metal packaging market is segmented into aluminum and steel. On the basis of product, the metal packaging market is segmented into drums barrels, cans, caps closures, and others. By application, the metal packaging market is segmented into beverages, food, personal care, chemical, and others. The regions considered in the metal packaging market are Europe, North America, Asia Pacific, and the rest of the world.
Detailed Regional Analysis
The regional review of the metal packaging market comprises of regions such as Europe, North America, Asia Pacific, and the rest of the world. The North American region is responsible for the major market share of 34.9% in 2015, shadowed by the European region, which is anticipated to increase at a CAGR of 2.70% throughout the forecast period. The U.S. is controlling the metal packaging market in the North American region owing to the high dependence on canned food and beverages. The shortage of time and reduced family sizes are propelling the demand for canned food beverages, thus motivating the development of the metal packaging market. The Asia Pacific regional metal packaging market is anticipated to expand at a CAGR of 4.30%in the forecast period.
The absorbed costs in the market are effortlessly dealt with, unlocking more room for expansion in the market. The market shows an intensified growth pace due to the constructive influence exerted by the market forces from both internally and externally. The accretive nature of a few of the assets in the market is projected to increase the progress capability of the market. Moreover, the alliances being created in the market are projected to additionally encourage the development of the market in the approaching years. The players are staunchly taking on the obstacles to progress and are building strategies that are expected to lead to a useful effect on the market's progress. Specific areas in the market are projected to accomplish an absolute lead in the market place owing to improved strategies. The promotional and miscellaneous expenses are upgraded chiefly due to the advancement of the market.
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Table Of Contents
1.2 Scope Of The Study
1.4 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Dynamics
3.1.1 Increasing Consumption Of Beverage
3.1.2 Increasing Usage Of Aerosol Cans
3.2.1 Environmental Issues
3.2.2 Increasing Material Cost
3.3.1 Scope In The Developing Nations
4 Market Factor Analysis
4.1 Porter's 5 Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Suppliers
4.1.3 Bargaining Power Of Buyers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain Analysis
List Of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN BOTTOM UP APPROACH
FIGURE 3 DRIVERS, RESTRAINTS, AND OPPORTUNITIES OF GLOBAL METAL PACKAGING MARKET
FIGURE 4 DRIVERS RESTRAINTS IMPACT ANALYSIS OF GLOBAL METAL PACKAGING MARKET
FIGURE 5 GLOBAL BEVERAGE MARKET SIZE, 2010-2015, (IN LITRES)
FIGURE 6 PORTER'S 5 FORCES ANALYSIS OF GLOBAL METAL PACKAGING MARKET
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