Metal Packaging Market Size| COVID-19 Analysis

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Advancements in packaging techniques are offering improved storage features for metal cans, which is likely to benefit the market. On the contrary, the expansion of the global market of metal packaging can deter due to causes, such as environmental problems that pertain to fluctuation in material cost and steel mining.

Segmental Overview

The Metal Packaging Market Size is segmented based on type, material, and application.

By type, the market is classified into drums & barrels, cans, caps & closures, and others. The cans segment is expected to command a sizable share of the Metal Packaging Market Size. Cans are extensively used for packaging, especially for beverages. They are available in different shapes and sizes, which is aids in serving quantity needs of consumers, thereby widening consumer base. Hence, these factors are expected to surge the market.

By application, the market is classified into healthcare, food & beverages, chemical, personal care, and others. The food and beverage segment that held a large portion of the global market share in 2018, is expected to retain its superiority across the review years. The extension in shelf lives and better protection offered by metal packaging to food and beverage are factors that can boost the market growth.

Regional Outlook

The Metal Packaging Market Size in North America held the pole position in 2018. By the end of 2025, the market is expected to retain the position due to the rise in demand for convenient food that requires effective packaging.  The market in the United States is expected to generate the highest revenue for the regional market in the years to come. The high dependency of people in the US on canned beverage and food are expected to surge the regional market. The Asia Pacific Metal Packaging Market Size is expected to thrive at high CAGR in the review years.

Key Players

MRFR listed some of the high profile companies that are operating in the global Metal Packaging Market Size. They are; Crown Holdings, Inc. (the US), BWAY Corporation (US),  Ardagh