Metal Packaging Industry| COVID-19 Analysis and Opportunity

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The increase in consumption of beverages and the rise in demand for aerosol cans are factors that are expected to surge the market of metal packaging in the review period. Applications of metal packaging spread across verticals, such as food and beverages, chemicals, healthcare, personal care, and others.

Segmental Overview

The Metal Packaging Industry is segmented based on type, material, and application.

By material, the market is classified into steel, aluminum, and others. In 2018, the steel segment held the largest share of the market. The aluminum segment is expected for a high rise in profit. It is due to the high demand for carbonated soft drinks, beer, and energy drinks.

By application, the market is classified into healthcare, food & beverages, chemical, personal care, and others. The food and beverage segment that held a large portion of the global market share in 2018, is expected to retain its superiority across the review years. The extension in shelf lives and better protection offered by metal packaging to food and beverage are factors that can boost the market growth.

Regional Outlook

The Metal Packaging Industry in North America held the pole position in 2018. By the end of 2025, the market is expected to retain the position due to the rise in demand for convenient food that requires effective packaging.  The market in the United States is expected to generate the highest revenue for the regional market in the years to come. The high dependency of people in the US on canned beverage and food are expected to surge the regional market. The Asia Pacific Metal Packaging Industry is expected to thrive at high CAGR in the review years.

Key Players

MRFR listed some of the high profile companies that are operating in the global Metal Packaging Industry. They are; Crown Holdings, Inc. (the US), BWAY Corporation (US),  Ardagh Group (Ireland), Toyo Seikan Group Holdings (Japan), CPMC Holdings Limited.

 


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http://www.articleweb55.com/details/Flexible-Lid-Stock-Packaging-Market-Share-Global-Trends-And-Forecast-To-2022/258635

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https://delawarepolicenews.org/news/34651/beverage-cans-market-share-is-expected-to-grow-at-6-02-cagr-during-the-forecast-period-2017-2023/

https://delawarepolicenews.org/news/34653/home-care-packaging-market-share-is-expected-to-grow-at-8-5-cagr-during-forecast-2023/

https://delawarepolicenews.org/news/34658/sustainable-packaging-market-share-size-is-expected-to-grow-at-cagr-7-to-2023/  

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