The Global Metal Packaging market is estimated at $110.7 billion in 2014 with CAGR of 6.42% and is expected to grow $180.5 billion by 2022. The increase in demand for Metal packaging appears powerfully in market. The primary restraint for the growth of Metal Packaging is from Threat of challenger. The opportunity for development in Metal Packaging market lies in increasing food and beverages market. The challenges faced by the market are ecological issues, which are linked to steel manufacturing and flexible packaging.
Global Metal Packaging market is mainly segmented by Type, by Material, by Application and by geography. Based on Type, the market is segmented into Caps & Closures, Barrels & Drums and Cans. Based on Material, market is segregated into Steel and Aluminium. Based on Application, the market is categorized into Food, Nondurable Goods, Beverages, Medical, Personal Care, Durable Goods and Healthcare. Metal Packaging market, by geography is segmented into North America, Europe, Asia Pacific and Rest of the World.
The key players in the Metal Packaging market include, Alcoa Incorporated, Rexam PLC, Crown Holdings, Incorporated, CPMC Holdings Limited, Amcor Limited, Ardagh Group, Ton YI Industrial Corporation, Greif Incorporated, Ball Corporation.
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