Global Metal Packaging Market is expected to reach around USD 136 million by 2022
Global Metal Packaging Market at about 3% CAGR is expected to reach around USD 136 million by 2022.
Pune, India – June 28, 2017 /MarketersMedia/ —
Market Synopsis of Global Metal Packaging Market:
Metal packaging is the process of enclosing or protecting products using materials such as aluminum and steel for distribution, storage, sale, and use. Such packaging is used across industries such as food & beverages, chemicals, pharmaceuticals, and personal care. The market is majorly driven by the increasing consumption of beverage. Growing demand of aerosol cans largely driven by technological improvements in product performance & features, and innovations in aesthetic appearance in terms of colors, shapes and prints, is also a key driver for this market. The Global Metal Packaging Market is expected to reach around USD 136 million by 2022, growing at about 3% CAGR.
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The Global Metal Packaging Market is segmented on the basis of product, material, application and country. On the basis of product, the market is segmented as cans, drums & barrels, caps & closures and others.
Regional Analysis of Global Metal Packaging Market
North America dominates the Global Metal Packaging Market with 34.9 % of share in 2015, in terms of value. It is expected to grow at a 3.10% CAGR during the forecast period. Asia Pacific is expected to grow at 4.30 % CAGR during the forecast period and reach a market size of about USD 34 million by 2022. Europe metal packaging market is expected to grow at a 2.70% CAGR during the forecast period.
Target Audience
1) Manufactures
2) Raw materials suppliers
3) Aftermarket suppliers
4) Research institute & education institute
5) Potential investors
6) Key executive (CEO and COO) and strategy growth manager
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Source: MarketersMedia
Release ID: 212191
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