Global Metal Packaging Market to Hit USD 136 Mn Mark, Expects Market Research Future in Its New Report Available at MarketPublishers.com
17 Apr 2017 • by Natalie Aster
LONDON – Today, metal packaging is widely applied in such industries as chemicals, food and beverages, pharmaceuticals, personal care, to name a few. The value of the worldwide metal packaging market is likely to stand at about USD 136 million in the year 2022, registering a healthy CAGR of about 3% in the coming years.
The main factors boosting the market growth include the rising consumption of beverages, mushrooming demand for aerosol cans, continued technological improvements and advances, and innovations in aesthetic appearance of packaging, among others.
Based on product, the cans segment is predicted to demonstrate growth at the highest rate (a 3.47% CAGR) through 2022. Based on material, the aluminum segment captures the mammoth share of the total market and is set to keep on growing further at a 3.5% CAGR till 2022. Based on applications, the personal care segment holds the lion’s market share and is expected to exhibit a 3.8% CAGR during the forecast period.
As of 2015, the metal packaging market was dominated by North America, which held a share of almost 35%. The North American metal packaging market is set to see a 3.1% CAGR through 2022. The APAC market is anticipated to grow at the highest CAGR (4.3%) in the years ahead and hit the USD 34 million mark by 2022. When it comes to the European metal packaging market, it is poised to demonstrate a steady growth at a CAGR of 2.7% during 2017-2022.
New research study elaborated by Market Research Future, “Global Metal Packaging Market – Trends & Forecast, 2016-2022”, is an unrivalled source of information on the market performance, current scenario and future opportunities. The research publication delves deep into the market dynamics, covering the key factors influencing and affecting the market growth. It comprises reliable market estimates and statistics, contains data on the main market segments and sub-segments, explores the major regional markets. Moreover, the market competitive landscape analysis with the strategic profiling of the leading market participants is available here. Also, this comprehensive research report provides an all-encompassing future outlook with forecasts through 2022.
There is a lot of other research reports elaborated by the publisher at its page.