Metal Packaging Market to Benefit from Rising Urbanization in Emerging Regions: Transparency Market Research

The global metal packaging market is projected to witness rising demand in the coming few years. Metal packaging offers several benefits over traditional packaging materials. Metal packaging uses packaging materials that are generally made with aluminum and steel.

Increasing Demand for Canned Food to Drive Demand for Metal Packaging

Metal packaging finds its application in several verticals. These include the food industry, consumer goods industry, healthcare industry, and others. Packaging plays a vital role in everyday life. By providing efficient and personalized packaging, several companies in the market have experienced rising sales.

Some of the applications where metal packaging is used are cans, shipping barrels and drums, metal caps and closures, metal tanks, fabricated boxes and pails, and others. The global metal packaging market is driven by the rising urban population. Furthermore, factors such as the growing demand for packaging food, accelerating demand for canned food, and increasing demand for aerosol products are also supporting the growth of the global metal packaging market.

Browse Full Global Metal Packaging Market Research Report With Complete TOC @ http://www.transparencymarketresearch.com/metal-packaging-market.html

Growing Use of Plastic Packaging to Challenge Metal Packaging Market

Even though the metal packaging market is projected to demonstrate good growth in the foreseeable future, the rising demand for plastic packaging will suppress the market’s growth. The rising introduction of PET bottles in several regional markets will hamper the growth of the overall metal packaging market.

This competition from the plastic packaging market will challenge the global metal packaging market. Nevertheless, many consumers will still prefer metal packaging over plastic, as steel and aluminum are comparatively easier to recycle than plastic. The growing health awareness, rising awareness about environment issues, and increasing importance of recycling will make metal packaging popular over plastic packaging in many parts of the world.

Steel and aluminum can be repeatedly recycled without any alterations in characteristics or quality. Furthermore, recycling of packaging reduces the dependence on supply of raw materials, which will drive the market. Recycling in the global metal packaging market also reduces energy consumption in the industry by a substantial amount. For example, a ton of recycled steel would save nearly 1.5 tons of iron and around 0.5 tons of coal, which can be utilized to produce new cans.

Asia Pacific to Observe Robust Growth in Metal Packaging Market

The rising urbanization in Asia Pacific, along with elevated disposable incomes in nations such as India, China, and Indonesia, will propel the demand for metal packaging in this region. Moreover, the growing manufacturing sector in these countries will also fuel the global metal packaging industry in the coming few years.

Currently, North America is dominating the global metal packaging market, trailed by Europe and Asia Pacific. In Rest of the World (RoW), Brazil is projected to demonstrate strong growth in the metal packaging industry, due to rising urbanization.

Request for Brochure of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=b&rep_id=4748

The key players operating in the global metal packaging industry are Silgan Holdings, Ardagh, Greif, Ball Corporation, Crown Holdings, Henkel, Bway, and Tokyo Seikan Kaisha. Many companies have started awareness initiatives by mentioning the recyclability of metals on their product packages, which also helps generate sales form environmentally conscious consumers. Recently, Rexam, a can-making company, introduced its first commercial use of the logo Metal Recycles Forever on their cans in the U.K. market.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contacts

Mr. Nachiket
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: http://www.transparencymarketresearch.com