The metal container market will reflect a CAGR of 6 % over the forecast period 2020-2030. The market is primarily driven by growing health awareness among consumers. Extensive use in packaging of several products such chemicals, as paints and dyes, automotive, healthcare and pharmaceutical, personal care and cosmetics products, and others further generate growth prospects.
“The metal container market will foresee a surge in demand due to the growing use of RFID technology, increasing implementation of recyclable metal containers, and growing chemical sector.” concludes the FMI analyst.
Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-9432
Key Highlights
Europe accounts for largest market share due to high sales and production of intermediate bulks containers.
Intermediate bulks containers is projected to grow at a CAGR of 6.9% over the forecast period.
Steel remains the key beneficiary due to its varied advantages over other materials.
Food and beverage sector will remain lucrative throughout the forecast period.
Drivers
Cost-effectiveness of containerization will reflect significant growth of the market in the approaching years.
Multi-directional growth of the chemical sector is steadily propelling the demand for metal containers.
RFID technology is anticipated to come out as an efficient cost-saving tool for consumers and profitable for manufacturers.
Rising cautiousness among consumers regarding sanitation has led to metal packaging since they are airtight and avert tampering risk.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-9432
Restraints
Growing environmental and health concerns are generating prospects for bio-based plastics such as polyethylene terephthalate, bagasse which will might hinder the growth of metal containers.
Rising trends favoring the usage of light-weight substitutes has prompted a drop in demand for metal packaging.
COVID-19 Impact on the Market
Production activities of the worldwide market have been affected due to COVID-19 led restrictions imposed by governments and present deceleration of end use sector. However with the growing need for well packaged products in the pharmaceutical and food sectors has boosted demand for metal containers. Furthermore, with change in people’s lifestyle towards more safe and health cautious one, the need for low error packages is high and would benefit the market.
Competitive Landscape
Major companies identified in the metal containers market are Ardagh Group S.A., Ball Corporation, CCL Industries Inc., Silgan Holdings Inc., CPMC Holdings Ltd., Grief Inc., Crown Holdings, Inc., Toyo Seikan Co., Ltd., Mauser Packaging Solution, Montebello Packaging Inc., Nampak Ltd., Balmer Lawrie & Co. Ltd., NCI Packaging, HUBER Packaging Group GmbH, and Great Western Containers Inc.
Buy Now@ https://www.futuremarketinsights.com/checkout/9432
Metal containers Market Segmentation
Product Type
- Cans
- Drums
- Aerosol Cans
- Pails
- Intermediate Bulk Containers
- Others
Material Type
- Steel
- Aluminium
- Tin
End Use
- Food and Beverage Industry
- Chemicals
- Automotive
- Pharmaceutical & Healthcare
- Cosmetics & Personal Care
- Building & Construction
- Other End Use
Regional Outlook
- North America – U.S., Canada
- Latin America – Brazil, Mexico, Argentina and rest of Latin America
- Europe – Germany, France, Italy, UK, Spain, BENELUX, Nordic, Poland, Russia, and rest of Europe
- South Asia – India, Thailand, Indonesia, Malaysia and rest of South Asia
- East Asia – China, Japan, South Korea
- Middle East & Africa – GCC counties, Northern Africa, South Africa, Turkey and the rest of Middle East And Africa
- Oceania – Australia, New Zealand