The Global Metal Food and Beverage Packaging Market size is projected to grow from $241.6 billion in 2017 to $XX billion by 2028, at a CAGR of 3.4% during the forecast period. The demand for metal food and beverage packaging has been driven by factors such as increasing health consciousness among consumers coupled with growing environmental concerns about plastic-based products are driving the demand for metal food and beverage packaging globally.
Metal Food and Beverage Packaging is a type of container made from metal. Metal can be used to make containers for both hot or cold foods, as it provides an excellent thermal conductor. In addition, metal cans are often lighter in weight than plastics which allows them to travel farther distances with less fuel usage. When beverages are canned they also stay fresh longer due to the lack of contact between air and liquid within the can's interior surface area.
On the basis of Types, the market is segmented into Stainless Steel, Aluminum, and Other. The aluminum segment is expected to grow fastest in the forecast period owing to its lower cost as compared with other types of metal packaging and rising demand for food safety among consumers.
Stainless steel is a type of metal that has an alloy composition with at least 13% chromium. This prevents the occurrence of corrosion and makes it more durable in comparison to other metals such as copper or aluminum. Stainless steel can be used for various types of food and beverage packaging, such as bottles, cans, tins, etc.
Foams, plastics, and paper were traditionally used to package food and drinks. However, aluminum is now the most commonly used packaging material for these products because it has a number of advantages over other materials such as its lightweight nature which makes transportation easier than before. Aluminum also helps reduce the risk of corrosion that can develop in cans with acidic foods like tomatoes or soft drink cans due to contact with water.
Moreover, metal beverage bottles are easier to crush when dropped than glass ones making them more durable and safer during transport; they do not shatter upon impact because their surface area is greater so energy from an impacting object spreads out much quicker across the region rather than concentrating on one point at a time.
On the basis of Application, the market is segmented into Food and Beverage.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The European region is anticipated to witness significant growth during the forecast period due to the increasing adoption of metal packaging for the food and beverage industry in this region.
The rapid growth of the global metal food and beverage packaging market is driven by factors such as an increase in population, a rise in demand for convenience foods, increasing disposable income, changing lifestyle. The need to reduce the environmental footprint of packaged goods has elevated the prominence of reusable containers amongst consumers.
Up Market Research published a new report titled “Metal Food and Beverage Packaging Market research report which is segmented by Types (Stainless Steel, Aluminum, Other), By Applications (Food, Beverage), By Players/Companies ORG Canmaking Corporation, Hindustan Tin Works Limited, Crown Holdings Incorporated, Constantia Flexibles Group GmbH, Ball, Ardagh Group, Henkel, Eaton, Daiwa Can Company, Can Pack Group”.
Report Attributes | Report Details |
Report Title | Metal Food and Beverage Packaging Market Research Report |
By Type | Stainless Steel, Aluminum, Other |
By Application | Food, Beverage |
By Companies | ORG Canmaking Corporation, Hindustan Tin Works Limited, Crown Holdings Incorporated, Constantia Flexibles Group GmbH, Ball, Ardagh Group, Henkel, Eaton, Daiwa Can Company, Can Pack Group |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 241 |
Number of Tables & Figures | 169 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Stainless Steel, Aluminum, Other and By Application Food, Beverage.
Some of the companies that are profiled in this report are:
Metal Food and Beverage Packaging Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Metal Food and Beverage Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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