#Aluminium Caps & Closures Market Forecast Market
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Aluminium Caps & Closures Market Forecast Global Trends, and Opportunities Forecast by 2031
Aluminium Caps & Closures Market Forecast Scope&Overview
The research gives a complete examination of the global Aluminium Caps & Closures Market Forecast. The report includes in-depth qualitative research, verified data from credible sources, and market size projections. The projections are based on well-known research technique. The paper discusses the major regulatory agencies as well as the major laws and regulations that have been enacted in various parts of the world regarding this business. A competitive analysis is also included in the study, which employs the analyst's competitive positioning technique, Positioning Quadrants. In addition, the study considers Covid-19's impact on the market. The report also includes information on the regulatory environment in the business, which will help you make an informed decision.
The study includes a competitive quadrant, which is a unique approach for studying and evaluating a company's position using an industry position score and a market performance score. Based on a range of variables, the program separates the players into four groups. Financial performance in past years, growth goals, innovation score, new product releases, investments, market share growth, and other factors are all taken into consideration. A combination of primary and secondary sources were used to create the Aluminium Caps & Closures market research. The primary research consists of interviews, questionnaires, and observation of renowned industry personnel. An in-depth market study is conducted in the research using the Porter's 5 Forces model.
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Market Key Players:
Integrated Caps Pvt Ltd, Closure Systems International Inc, Crown Holdings Inc, Amcor PLC, Manaksia Ltd, Caps & Seal Indore Pvt Ltd, Hicap Closures Co Ltd, Silgan Holdings Inc, Federfin Tech Srl, Guala Closures SpA
Market Segmentation
The study report also includes a comprehensive analysis of the core industry, including categorization and definition, as well as the supply and demand chain structure. The Aluminium Caps & Closures research study discusses market segmentation by product type, application, end-user, and geography. The study investigates the industry's growth objectives, cost-cutting strategies, and manufacturing processes.
By Product Type
Easy Open Can Ends
Roll-on Pilfer proof Caps
Non-Refillable
Others
By Size
Size from 17mm to 53mm
Height from 6mm to 12mm
By End Use
Food & Beverages
Oil & Gas
Personal Care
Automotive
Others
Competitive Outlook
The research examines every facet of the sector, with a focus on important participants such as market leaders, followers, and newcomers. The research is an investor's guide because it clearly displays competitive analysis of important rivals in the Aluminium Caps & Closures market by product, price, financial state, product portfolio, growth strategies, and geographical presence. The analysis examines the market's major players in depth, including company biographies, SWOT analyses, recent developments, and business plans.
Key Objectives of Aluminium Caps & Closures Market Report
Investigate and evaluate the company's market size (volume and value), key regions/countries, products, and applications, as well as historical data and predictions.
Primary global market manufacturing businesses to define, clarify, and evaluate product sales volume, value, and market share, market rivalry landscape, SWOT analysis, and future development plans.
Examine the market in terms of growth trends, prospects, and their role in the industry as a whole.
Keep an eye on market expansions, partnerships, new product launches, and acquisitions to see how the competition is changing.
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Global Aluminium Caps & Closures Market
The Aluminium Caps and Closure Market is expected to grow from USD 5.8 billion in 2023 to USD 7.8 billion by 2030, registering a CAGR of 5.1% during the forecast period ranging from 2025 to 2030.
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Several key factors drive the growth of the global aluminum caps and closures market:
Rising Beverage Consumption: The increasing global consumption of beverages, including carbonated soft drinks, alcoholic beverages, and bottled water, is a significant driver.
Technological Advancements: Continuous improvements in manufacturing technologies, such as enhanced sealing techniques and the development of tamper-evident features, are improving the performance and safety of aluminum caps and closures. This, in turn, is driving market growth as manufacturers seek higher-quality packaging solutions.
Growing Disposable Income: In emerging economies, rising disposable incomes are leading to increased consumption of premium beverages and packaged foods, which require high-quality packaging like aluminum closures.
Regionally, North America is expected to hold a significant market share due to its strong beverage industry, while the Asia-Pacific region is anticipated to witness the fastest growth due to rapid industrialization and expanding end-user industries.
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Market Overview: Understanding the Global Spout Pouch Market
A comprehensive analysis of the Global Spout Pouch Market for the projected period from 2022 to 2030 is presented in Astute Analytica's latest research report.
The global spout pouch market was estimated at US$ 21,784.2 Mn in 2021 and is expected to arrive at US$ 40,266.7 Mn by 2030. The market is estimated to register a CAGR of 7.3% during the forecast period 2022-2030.
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The market research provides statistics and information on investment structure development, technological advancements, market trends and developments, capabilities, and in-depth details on the major market participants.
The study report provides an overview of the Global Spout Pouch Market. This section offers the perspectives of important participants, a review of the sector, an outlook across important regions, financial services, and a variety of market concerns. This section is dependent on the study's scope and report guidelines. The key market players are described in detail in the research based on their market share, markets served, products, applications, geographical growth, and other characteristics.
Leading Key Players
The key players are Amcor Ltd., Sonoco Products Company, Mondi Group, ProAmpac, Smurfit Kappa Group, Bischof & Klein GmbH & Co. KG, Bemis Company, Glenroy Inc., Printpack Inc., Coating Excellence International, Color Flex, Winpak Ltd. and Logos Pack and Sealed Air Corp. among others.
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Segmentation Overview
Global Spout Pouch market is segmented based on product, component, pouch size, material, closure type, end user and region. The global spout pouch market is sub-divide into various categories, such as-
By Product:
Beverages
Syrups
Energy Drinks
Cleaning Solutions
Oils
Liquid soaps
Baby food
Others
By Component:
Cap
Straw
Film
Others
By Pouch Size
Less Than 200 ML
200 To 500 ML
500 To 1000 ML
More Than 1000 ML
By Material:
Plastic
Aluminium
Paper
Others
By Closure Type:
Screw
Flip Top
Corner-mounted spouts
Top-mounted spouts
Push-up drink caps
By End user:
Food and beverages
Cosmetics and personal Care
Automotive
Pharmaceutical
Paints
Soaps and detergents
Others
By Region:
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
South Korea
Australia & New Zealand
ASEAN
Rest of APAC
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
With the product pricing, demand, gross margin, and supply of the Global Spout Pouch Market, this study offers a thorough grasp of market value. The report's section on the competition landscape gives readers a thorough understanding of the market share analysis of the top competitors in the sector. Every regional market is carefully examined to determine its potential growth, development, and demand over the coming years.
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Pharmaceutical Packaging Market Trends & Forecast: 2028
Pharmaceutical Packaging Market By Type (Pouches & Strip Packs, Ampoules, Pre-Fillable Inhalers, Plastic Bottles, Blister Packs, Labels & Accessories, Caps & Closures, Vials, Medical Specialty Bags, Temperature Controlled Vaccines/Medicines Packaging, Pre-Filled Syringe, Medication Tubes, Jars & Canisters, Cartridges, Others), Drug Delivery Mode (Pulmonary Drug Delivery Packaging, Oral Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, IV Drugs Delivery Packaging Other Drugs Delivery Packaging), Raw Material(Plastics & Polymers, Paper & Paperboard, Glass, Aluminium Foil, Others), Product (Primary Pharmaceutical Packaging, Secondary Pharmaceutical Packaging, Tertiary Pharmaceutical Packaging), End User(Retail Pharmacy, Contract Packaging, Institutional Pharmacy, Others), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
The global pharmaceutical packaging market is anticipated to reach USD 102.6 billion by 2020 growing at a CAGR of 6.7% during the forecasting period, 2020-2028.
Pharmaceutical packaging is the packages and the packaging processes for pharmaceutical preparations. It involves all of the operations from production through drug distribution channels to the end consumer. Factors such as the rising number of the pharmaceutical industry in emerging economies and rising demand for drug delivery devices and blister packaging are some of the major drivers for the pharmaceutical packaging market
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Key Findings
The global pharmaceutical packaging market is segmented into type, drug delivery mode, raw material, product, end-user, and geography.
The type segment is segmented into Pouches & Strip Packs, Ampoules, Pre-Fillable Inhalers, Plastic Bottles, Blister Packs, Labels & Accessories, Caps & Closures, Vials, Medical Specialty Bags, Temperature Controlled Vaccines/Medicines Packaging, Pre-Filled Syringe, Medication Tubes, Jars & Canisters, Cartridges, and Others
Drug Delivery Mode segment is segmented into Pulmonary Drug Delivery Packaging, Oral Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, IV Drugs Delivery Packaging and Other Drugs Delivery Packaging
The raw Material segment is segmented into Plastics & Polymers, Paper & Paperboard, Glass, Aluminium Foil, and Others
The product segment is segmented into Primary Pharmaceutical Packaging, Secondary Pharmaceutical Packaging and Tertiary Pharmaceutical Packaging
The end-User segment is segmented into Retail Pharmacy, Contract Packaging, Institutional Pharmacy, and Others
Geographically, the global pharmaceutical packaging market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
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Regional Analysis
North America region is the largest contributor to the pharmaceutical packaging market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.
Competitive Landscape
Key players in the global pharmaceutical packaging market are
Amcor ltd.,
Becton,
Dickinson,
Aptargroup, Inc.,
Capsugel Inc.,
Gerresheimer AG,
Schott AG,
Terumo Corporation,
WEST Pharmaceutical Services, Inc.,
Berry Plastics Group, Inc.,
Westrock Company,
SGD SA,
Comar LLC,
International Paper Company,
Owens Illinois Inc.,
Aptar Group Inc.
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Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
In 2019, AMCOR LTD. has announced the launch of unique, recyclable, high-barrier flexible packaging AmLite Ultra Recyclable which can reduce a pack’s carbon footprint by up to 64%
In 2017, BD has announced to acquire Bard which has a strong product portfolio and innovation pipeline which will help in increasing the opportunities for BD in fast-growing clinical areas, and the combination will enhance growth opportunities for the combined company in non-U.S. markets
Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
Gain authentic and granular data access for the pharmaceutical packaging market so as to understand the trends and the factors involved in changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Metal Packaging Market Research Report | key players by 2022-2032
According to Future Market Insights (FMI), rising application of metal packaging solutions in food & beverages, personal care, healthcare, household & consumer, and industrial sectors is boosting the metal packaging market.
One of the primary growth factors for the metal packaging market is demand metal packaging is essential for human civilization's long-term survival. Metal, being a permanent substance, preserves its qualities even after infinite recycling, drastically decreasing resource waste.
For packing purposes, metals such as aluminium are particularly easy to sterilise. It is a good choice for packing materials due to its durability and high barrier protection. Cans have been the most popular of all the metal packaging options.
Metal cans have been used in a variety of packaging applications due to their ease of use and availability. Preference for small-size and multi-pack package forms will further drive the metal cans demand.
There has been an increase in demand for mini-cans, particularly in India, China, and Japan. As a result, most beverage firms in the region provide mini cans, which often contain lower amounts of product and are less expensive than standard tinned goods.
Metal packaging's recyclability is one of the key reasons likely to boost the global metal packaging market over the projected period. Due to their superior recycling infrastructure, aluminium and steel packaging materials are the two most durable raw materials for packaging.
Key Takeaways from Metal Packaging Market
Aluminium is the most used material segment for manufacturing metal packaging segment, and it holds a market share of almost 53% of the metal packaging market.
Cans packaging segment will witness growth at a CAGR of 2.8% in the forecast period.
The food and beverages segment is projected to foresee a remarkable CAGR 2.9% over the forecast period. Food and beverages market continues to grow rapidly, surpassing US$ 60.7 Bn in 2032.
North America accounts for a substantial portion of the metal packaging market over the forecast period on the back of strict government rules and requirements.
Metal Packaging Market Landscape
Ball Corporation, Crown Holdings, Silgan Holdings, Ardagh Group, CPMC Holdings Ltd. Amcor Limited, Alcoa Corporation, Manaksia, Tata Steel Limited, Rexam plc, Greif, Inc. and Toyo Seikan Group Holdings, Ltd. and others.
Metal Packaging Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the metal packaging market by material type (aluminium, steel, others (tin, iron)), product type (cans, drums & pails, aerosols, tubes & lids, barrels, trays & foils, caps & closure, pallets, bottles and jars, others), end use industry (food & beverages, personal care, healthcare, household & consumer, industrial) across seven regions.
Competitive Landscape
With presence of several local and regional competitors, the worldwide metal packaging market is extremely fragmented and competitive. Key players use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.
Leading competitors in the metal packaging market include Ball Corporation, Crown Holdings, Silgan Holdings, Ardagh Group, CPMC Holdings Ltd. Amcor Limited, Alcoa Corporation, Manaksia, Tata Steel Limited, Rexam plc, Greif, Inc. and Toyo Seikan Group Holdings, Ltd.
For instance,
In May 2022, Ardagh's expanding geographic footprint and revenue growth are due to innovative metal product designs such as aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food, and other specialty cans that are gaining traction with the metal packaging company's target consumers.
In March 2022, Virospack has introduced child resistant metal shell dropper bottles for storage of cosmetics and personal care products. The company is planning to expand its product portfolio by adding wide range of droppers with glossy, elegant, and premium finished packaging.
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Aluminium Caps & Closures Market overview, To Develop with Increased Global Emphasis on Industrialization 2027
VynZ Research provides a market overview of the current environment as well as the industry's future growth in the Global Aluminium Caps & Closures Market. It uses data from annual reports, product literature, industry developments, and other sources to conduct a quantitative market study. The future growth prospects of the industry are based on a rapid quantitative and qualitative assessment of data from various sources.
The Global Aluminium Caps & Closures Market is projected to reach USD $ 7.8 billion by 2027, witnessing a CAGR of 5.1% during the forecast period 2021-2027.
To assist companies in developing their business plans, the research examines the major factors influencing the growth of the Global Aluminium Caps & Closures Market, also including Drivers, Constraints, Governmental Policies, Opportunities, Challenges, a Constructive Approach, and Market Economic Expansion Strategies.
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Tube Packaging Market Size Analysis by Growth, Emerging Trends and Future Opportunities
Tube Packaging Market was worth USD 9.5 billion in 2021 and is poised to reach a valuation of USD 16.89 billion by 2030, amplifying at a CAGR of 6.6% over the forecast duration of 2022-2030.
Tube packaging is a form of container used in the food and beverage, cosmetic and oral care, pharmaceutical, and cleaning industries. They are commonly hollow, cylindrical, or oval in shape. Gluey substances are generally stored in them. Tube packaging is typically constructed of aluminium tubes, plastic tubes, and paper, among other things.
A tube is a hollow, cylindrical container made of plastic, aluminium, or paperboard that is usually used to hold viscous substances like ointment, toothpaste, and glue. Both ends of the tube are treated differently during the manufacturing and filling procedures. On one end of the tube body, there is an oval hole that can be closed with caps and closures. After adding the contents, the opposite end is folded or shut. To make a functional and unique package, tube packing containers are extruded and modified with printing, labelling, punching, slicing, crimping, and other fabrications.
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Plastic, metal, brick cartons, paper, cardboard, and glass are all common tube packaging materials. Depending on packaging requirements, these materials are employed in a variety of end-use industries. Aluminum and tin, for example, are used to preserve food and beverages in cans. This is owing to these metals' corrosion resistance, which ensures that the product does not become polluted. Similarly, glass bottles are used to store and sell alcohol because they are more visually appealing and have a longer shelf life than plastic bottles.
Global Tube Packaging Market: Segmentations
By Key Players
· Albea Group
· Essel Propack Limited
· Hoffman Neopack AG
· Huhtamaki Oyj
· Berry Global Inc.
· Clariant International Ltd.
· Coveris Holdings SA
· CCL Industries Inc.
· IntraPac International Corporation
· VisiPak Inc.
· HCT Packaging Inc.
· Printpack Inc.
· Unicep Packaging, Inc.
· Silgan Holdings Inc.
· Fischbach KG.
· CTL - TH Packaging Group SL
· Viva Group Inc.
· BASCO, Inc
· Cobey Inc
· Patterson Pump Company
· Columbia Analytical Instruments Inc.
· MONTEBELLO PACKAGING
By Packaging:
• Squeeze
• Twist, Stick
• Cartridges
• Others
By Material:
• Laminated
• Plastic
• Paper
• Aluminium
• Others
By Application:
• Oral Care
• Cosmetics
• Food & Beverage
• Pharmaceuticals
• Cleaning Products
• Others
• Shoe Polish
• Paint
• Adhesives
• Sealants
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Table Of Contents (TOC)
1. Global Tube Packaging Market Introduction and Market Overview
2. Global Tube Packaging Market - Executive Summary
3. Tube Packaging Market Trends, Outlook, and Factors Analysis
4. Global Tube Packaging Market: Estimates & Historic Trend Analysis (2018 to 2021)
5. Global Tube Packaging Market Estimates & Forecast Trend Analysis, by Deployment
6. Global Tube Packaging Market Estimates & Forecast Trend Analysis, by Component
7. Global Tube Packaging Market Estimates & Forecast Trend Analysis, by Content Type
8. Global Tube Packaging Market Estimates & Forecast Trend Analysis, by End Use
9. Global Tube Packaging Market Analysis and Forecast, by Region
10. North America Tube Packaging Market: Estimates & Forecast Trend Analysis
11. Europe Tube Packaging Market: Estimates & Forecast Trend Analysis
12. Asia Pacific Tube Packaging Market: Estimates & Forecast Trend Analysis
13. Middle East & Africa Tube Packaging Market: Estimates & Forecast Trend Analysis
14. Latin America Tube Packaging Market: Estimates & Forecast Trend Analysis
15. Competitive Landscape
16. Company Profiles
17. Assumptions and Research Methodology
18. Conclusions and Recommendations
Key Benefits
· Industry drivers, restraints, and opportunities covered in the study
· Neutral perspective on the market performance
· Recent industry trends and developments
· Competitive landscape & strategies of key players
· Potential & niche segments and regions exhibiting promising growth covered
· Historical, current, and projected market size, in terms of value
· In-depth analysis of the Tube Packaging Market
Frequently Asked Questions about the Global Tube Packaging Market
· What is the estimated value of the Global Tube Packaging Market?
· What is the growth rate of the Global Tube Packaging Market?
· What is the forecasted size of the Global Tube Packaging Market?
· Who are the key companies in the Global Tube Packaging Market?
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Global Aluminium Caps and Closures Market Industry Trends, Revenue, Future Scope and Outlook 2026
Global Aluminium Caps and Closures Market: size is expected to reach nearly US$ 8.60 Bn. by 2027 with the CAGR of 6.4% during the forecast period.
Global Aluminium Caps and Closures Market Overview: Progression in international trade of food & beverage have high demand for effective packaging solutions like metal caps and closures. Rise in demand for liquid medicines is a key factor, which is leading to the progress of the metal caps and closures market. An increase in usage of child-resistant and tamper evident metal caps and closures has increased vast popularity in the market which has encouraged the key players to produce superior quality metal caps and closures.
The Global Aluminium Caps and Closures Market Research Report covers a thorough evaluation of strategy, micro and macro market trends and scenarios, price analysis, and short-term market circumstances, as well as a close look at the main rivals. This research covers primary and secondary market drivers, market share, important market categories, and regional market analysis. Global Aluminium Caps and Closures Market Analysis examines key businesses, critical partnerships, mergers and acquisitions, as well as modern innovation and corporate strategy.
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Global Aluminium Caps and Closures Market Scope:
According to industry experts, the Global Aluminium Caps and Closures market is expected to increase steadily between 2021 and 2027. Leading industry participants are predicted to continue to take aggressive measures to grow the sector quickly through 2021 as a result of their strong efforts.
This Global Aluminium Caps and Closures market research covers import and export consumption, supply and demand, costs, prices, shares, sales volumes, revenues, and gross profits. This report looks at each manufacturer’s manufacturing bases, capacity, production, factory prices, revenues, and market share in the Global Aluminium Caps and Closures market. The countries (regions) studied include the United States (USA), Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia.
Global Aluminium Caps and Closures Market Segmentation: The Beverage segment is expected to be the fastest-growing end-use sector during the forecast period. Aluminium closures are used in an extensive range in the packaging of alcoholic beverages like wine, vodka and spirits bottles. Aluminium closures contribute the first level of protection against the rise in counterfeiting problems for spirits, premium olive oil and bottled water. The progress of the parent industry are expected to drive the demand for aluminium caps & closures.
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Global Aluminium Caps and Closures Market Key Players:
• Crown Holding
• Silgan Holdings
• Amcor
• Guala Closures
• Closure Systems International
• Alcopack Group
• Herti JSC
• Torrent Closures
• Cap & Seal Pvt. Ltd
• Federfin Tech S.R.L
• Coral Products
• O.Berk Company, LLC
• United Caps
• Caps & Closures Pty Ltd
• Caprite Australia Pty. Ltd
• Pano Cap
• Aluminum Closures Limited
• Torrent Closures
• RPC Group
• Integrated Caps
• Phoenix Closures
• Silgan Holdings Inc.,
The report looks at the most recent significant developments in the Global Aluminium Caps and Closures market, as well as the major producers and inventors.
Vendors can examine the competition landscape from the perspectives of market, application, and location, as well as determine whether their capabilities and future growth prospects are appropriate, using the Competition Strategy window. To implement future business growth and expansion in a predictable time frame, vendors should employ sequential merger and acquisition plans, geographic development strategies, research and development (R D) strategies, and new product launch strategies, or explain the most advantageous match.
Global Aluminium Caps and Closures Market Regional Analysis:
The five major world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The market’s key geographies, as well as notable segments and sub-segments, are examined in the Global Aluminium Caps and Closures Industry Research. Figures, geographies, and revenue are included in this Global Aluminium Caps and Closures market report, as well as an in-depth look at the business chain structure, potential, and industry news.
COVID-19 Impact Analysis on Global Aluminium Caps and Closures Market:
COVID-19 is a significant public health crisis that has damaged almost every industry and is expected to limit industrial growth between 2021 and 2027. MMR’s research is increasing to encompass important COVID-19 concerns and possible answers. In regard to COVID-19, changes in consumer demand, purchasing habits, supply chain rerouting, market dynamics, and government engagement are all being studied. This updated report, which includes new insights, analysis, estimates, and forecasts, assesses COVID-19’s impact on the market.
Highlights of the Global Aluminium Caps and Closures Market Report:
The structure and forecasts for the market over the forecast period.
Market drivers, challenges, opportunities, and current trends.
Statistics and forecasts for historical periods.
Estimates for the forecast period of 2027.
Recent developments and trends on the Global Aluminium Caps and Closures market.
The following is a market scenario by region, sub region, and country.
A list of the global market players, their company profiles, product specifications, SWOT analyses, and competitive landscape.
Market dynamics of downstream raw materials, upstream raw materials, and current raw materials.
Report includes information about government policies, macroeconomic factors, and microeconomic factors.
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Global Aluminium Caps & Closures Market – Analysis and Forecast (2020-2025)
The aluminium caps and closure market were valued at USD 5.8 billion in 2020 and is expected to reach USD 7.8 billion by 2025, registering a CAGR of 5.1% during the period of 2020-2025. The power of aluminium to shape any shape and its protective properties have made it one of the world's most flexible packaging materials. To prolong the shelf-life and maintain the taste, flavour, and texture of the packaged goods, aluminium caps & closures are important. Aluminium caps and seals play a crucial role in driving visual appeal, brand differentiation, and customer usability, in addition to providing leak-proof and contamination-resistant functionality.
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Geographic Overview
• APAC
• Europe
• North America
• Middle East & Africa
• South America
North America is Expected to Hold a Major Share in Aluminium Caps and Closure Market:
• A substantial market share is anticipated in the North American area, which is home to several firms, including Reynold Group Holding Limited, Silgan Holding, Cary Company, O.Berk Company, and Crown Holding, among others.
• In addition, the food and beverage industry is one of the region's largest users in the demand for aluminium caps and closures. For the preservation of food items, such as seeds, usually contained in glass containers, aluminium caps or seals are often used.
• The intake of alcoholic drinks in the United States in 2019 was 30,53 billion litres, according to Banco do Nordeste. In2018, the selling of spirits in Canada was CND 5.49 billion, according to StatsCan. Many alcoholic drinks use aluminium packaging enclosures, which are expected to fuel the region's market for aluminium caps and closures.
Market Trends
• More food and beverages are needed to increase population growth and per capita income growth in developed countries. In each end-use vertical, the pace of output for a single commodity and product line-up has risen successively in those countries last year. In the coming years, this reality has tremendous potential to push the market.
• New brands are joining all the end-use verticals that demand more caps & closures of aluminium for each single packaged unit they make. This, in particular, is driving growth in this market. The quantity of the final packed unit is also reduced in order to maximise the number of goods sold and eventually lead to the growth of the aluminium caps & closures market, retaining price vs. product offering rivalry among brands.
• A restraining factor for this market has been plastic substitutes. As the price is smaller, plastic is used for the purpose of cost-cutting. The technical breakthrough in plastics and polymers today makes them environmentally sustainable and health-friendly. For this cause, producers are already favourable to plastics over aluminium and plastic closures have already begun to be introduced.
• Syrups or powdered drug bottles and injection liquids are the most widely used end-use products in the pharmacy industry. In terms of market share in2018, the pharmaceuticals sector is second, which is about 20.7 per cent. Across the projected period, the CAGR is expected to be 5.1 per cent.
Market Drivers
As major drivers for aluminium caps and closures, growing demand for convenient food and increased operability serve as essential drivers. To keep the substance new and healthy from dust and other bacteria, a cap plays an imperative role. Consumers are on the lookout for user-friendly, easy to open, and simple to use closures. In different product categories, such as body care, skincare, drinks, and liquid food products, the growing popularity of dispensing closures and pump closures is set to accelerate the growth of the global aluminium caps and closure market.
The movement towards health and fitness is now moving towards preventive healthcare, which increases the market for FMCG goods targeting enhanced lifestyles. Illegal refilling of syrups and soft drinks and their counterfeiting poses a growing challenge and a significant risk to human health, customer trust and welfare in a highly competitive market. In order to educate customers about the quality and authenticity of the goods they are purchasing, caps that avoid leakage, tampering, and counterfeiting are becoming increasingly necessary.
Opportunities
In the next few years, developing countries such as China, India, and Brazil will face strong demand for aluminium caps & closures. Development is largely driven by favourable demographics and an increase in household incomes. When processed food goods eat up a rising share of the consumer's purchases due to changing habits, comfort and hygiene are becoming highly prized attributes. Due to the increasing FMCG industry, other developing economies, such as Mexico, Turkey, South Africa, and Indonesia, are attractive markets for aluminium caps & closures. Through diversifying their product portfolios and expanding their distribution base, cap makers are pursuing ambitious growth strategies in these nations.
Key players
• Leading players in the aluminium caps & closures market:-
• Crown Holding (US)
• Silgan Holdings (US)
• Amcor (Australia)
• Guala Closure (Luxembourg)
• Alcopack (Germany)
• Herti JSC (Bulgaria)
• Torrent Closures (Spain)
• Cap & Seal Pvt Ltd (India)
• Federfin Tech S.R.L (Italy)
• Osias Berk (US)
• ITC Packaging (US)
• DYZDN Metal Packaging (China)
• Shangyu Sanyou Electro-Chemical Aluminium Products (China)
• Alameda Packaging (US)
• EMA Pharmaceuticals (France)
• Helicap Closures (China)
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Composite Cans Market Global Trends, Growth, Opportunities, Market Size Forecast to 2028|Key Competitors Quality Container Company, Amcor Limited, Irwin Packaging, COREX Group, Smurfit Kappa, Ace Paper Tube
Composite cans or combi containers are the solid cylindrical containers which are made from the different layers like metals, plastics and paperboard. Convolute winding, spiral winding and linear draw are some of the common production types. These cans are usually light in weight and are flexible in nature. These cans are widely used in the industries like agriculture, food and beverages, industrial good, personal care etc. Changing customer desires for convenience packaging is restraining the market growth.
Global Composite Cans Market By Production Type (Convolute Winding, Linear Draw, Spiral Winding), Closure Types (Lids, Caps), Diameter Covered (Less than 50 mm, 50mm-100mm, 100mm & above), End- User (Agriculture, Consumer Goods, Food &Beverages, Industrial Goods, Personal Care &Cosmetics, Textiles and Apparels), Material (Metal, Paperboard, Plastics), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global composite cans market is expected to rise to an estimated value of USD 6948.15 million by 2026, registering a substantial CAGR of 6.59% in the forecast period of 2019-2026. Rising usage of composite cans in daily household products and affordable price of these cans are the factor for the growth of this market. Rising demand of the composite cans from the packaging industry is driving the market growth Increasing demand for recycled products among population is another factor driving market Availability of tamper- conspicuous dispenser and child- contrary tops for the product security is important factor driving the market growth Increasing usage of these cans for the packaging of dry beverages like tea and coffee is driving the growth of this market
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Segmentation: Global Composite Cans Market:
By Closure Types:
Lids
Aluminum Membrane
Plastic Membrane
Paperboard Ends
Caps
Snap On
Plug
By Production Type:
Convolute Winding
Linear Draw
Spiral Winding
By Diameter Covered:
Less than 50 mm
50mm-100mm
100mm & above
By Material:
Metal
Paperboard
Plastics
Global Composite Cans Market Scope and Market Size:
Competitive Analysis: Global Composite Cans Market:
Global composite cans market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of composite cans market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Developments in the Market:
In March 2019, A&R Carton announced the launch of their new small-sized fiber content composite cans which is specially designed to replace plastics containers. They are designed for the products like snacks, chewing gums, nutritional supplements and powders. They are flexible in nature which make it suitable for many products and also reduces the use of fossil based plastics.
In February 2019, VPK Packaging announced that they have acquired Corenso so that they can strengthen their position in the market. This acquisition will help the VPK to acquire corenso’s two coreboard mills in Finland and France and 13 conversion plants. This acquisition will help the company to expand their business worldwide.
Key Market Competitors: Global Composite Cans Market:
Few of the major competitors currently working in the global composite cans market are Quality Container Company, Amcor Limited, Irwin Packaging, COREX Group, Smurfit Kappa, Ace Paper Tube, Kunert Gruppe, Nagel Paper, Sonoco Products Company, Mondi, Canfab Packaging Inc., Compocan Industries.
Research Methodology: Global Composite Cans Market:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Reasons for buying this Global Composite Cans Market Report
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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
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What are the Risks and Challenges in front of the market?
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What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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Browse Related Report:
Aerosol Cans Market
Aluminium Food Cans Market
Beer Cans Market
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Continuous Thread Metal Cap Market 2020 Major Key Players and Industry Analysis Till 2026
Continuous Thread Metal Cap Market report published by Value Market Research delivers a comprehensive market analysis covering of market size, share, value, growth and trends for the forecast period of 2020-2026. The report includes data regarding market attractiveness analysis by segments, company share analysis and recent developments by key players. Moreover, this market report also covers regional and country market analysis in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the continuous thread metal cap market include Crown Holdings Inc., O.Berk Company, Reynolds Packaging Group Ltd., Pelliconi & C. SpA, Sks Bottle & Packaging Inc., Berlin Packaging, Tecnocap S.p.A., Berry Global, Guala Closures S.p.A., Closure Systems International. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The growing pharmaceutical and food industry worldwide is the primary factor driving continuous thread metal cap the market over the forecast time frame. Also, high technological advancement in increasing CT metal caps production leads to increased adoption in the ever-increasing application industries. The rising urban population that prefers convenient food and the growing trend of wine consumption is also positively impacting continuous thread metal cap market growth. Moreover, the constant demand for continuous thread metal caps in the FMCG sector for jam jars, salt shakers, and black pepper shakers in household grocery jars are likely to provide profitable growth opportunities for the key players of the continuous thread metal cap market in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of continuous thread metal cap.
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Market Segmentation
The entire continuous thread metal cap market has been sub-categorized into application type and material. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Application Type
Beverages
Alcoholic Beverages
Non-Alcoholic Beverages
Chemicals
Cosmetics
Pharmaceutical
Others
By Material
Aluminium
Tin-Plated
Steel
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Continuous Thread Metal Cap market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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Aluminum Caps & Closures Market by Product Type (Roll-on pilfer-proof caps, Easy open end lids, Non-refillable closures), End-Use Sector (Beverage, Pharmaceutical, Food, Home & personal care), and Region - Global Forecast to 2025 published on
https://www.sandlerresearch.org/aluminum-caps-closures-market-by-product-type-roll-on-pilfer-proof-caps-easy-open-end-lids-non-refillable-closures-end-use-sector-beverage-pharmaceutical-food-home-personal-care-and-reg.html
Aluminum Caps & Closures Market by Product Type (Roll-on pilfer-proof caps, Easy open end lids, Non-refillable closures), End-Use Sector (Beverage, Pharmaceutical, Food, Home & personal care), and Region - Global Forecast to 2025
The global aluminum caps & closures market is projected to register a CAGR of 3.9% between 2020 and 2025, in terms of value.
The global aluminum caps & closures market size is projected to grow from USD 6.2 billion in 2020 to USD 7.6 billion by 2025, at a CAGR of 3.9% between 2020 and 2025. Increasing demand for convenience food, concerns about product safety and security, product differentiation and branding, and decreasing pack sizes are driving the market for aluminum caps & closures. However, the development of substitutes is expected to restrain this market. Emerging economies are expected to offer significant growth opportunities to manufacturers of aluminum caps & closures. The major challenge faced by players is the mature market in developed regions.
The roll-on pilfer-proof segment is expected to grow at the highest CAGR during the forecast period in the aluminum caps & closures market.
The roll-on pilfer-proof segment accounted for the largest share and is projected to grow at the highest CAGR during the forecast period. This is attributed to its wide application in various end-use industries such as beverage, pharmaceutical, and personal care.
This type of cap is widely used for capping food jars, beverage bottles, creams, lotions, and home care products. ROPP caps are preferred in a variety of key liquor brands, including Jose Cuervo Tequila, Johnny Walker, and J&B Scotch. Additionally, inherent to their design, ROPP closures maintain the authenticity of the product by making it hard to tamper with before it reaches the consumers.
The beverage segment is expected to account for the largest share in the aluminum caps & closures market
Beverage packaging is the largest end-use sector of aluminum caps & closures. Beverage packaging is used to enhance the shelf life as well as to retain the taste and texture of the beverage. The demand from beverage companies for novel differentiating closures drives the market for premium caps in the beverages industry. Aluminum caps & closures have witnessed extensive traction for the packaging of bottled water, carbonated soda drinks, and non-carbonated soda drinks.
APAC is expected to be the largest aluminum caps & closures market during the forecast period, in terms of volume.
China, India, and Australia are the major countries contributing to the aluminum caps & closures market in APAC. The growth is driven by factors such as the rise in demand for single-portion packs or small packs, increased demand for convenience food, concerns about product safety & security, and need for product differentiation and branding. The presence of many small and medium aluminum caps & closures manufacturers has also contributed to the growth of the aluminum caps & closures market in this region.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the aluminum caps & closures market, and information was gathered from secondary research to determine and verify the market size of several segments.
By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
By Designation: C Level Executives– 20%, Directors – 10%, and Others – 70%
By Region: APAC – 30%, Europe – 30%, North America – 20%, the Middle East & Africa – 10%, and South America- 10%
The key companies profiled in the aluminum caps & closures market report include Crown Holdings, Inc. (US), Silgan Holdings. (US), Amcor (Australia), Guala Closure (Luxembourg), Alcopack (Germany), Herti JSC (Bulgaria), Torrent Closures (Spain), Cap & Seal Pvt Ltd (India), and Federfin Tech S.R.L (Italy) are the leading players in the aluminum caps & closures market. Other players include Osias Berk (US), ITC Packaging (US), DYZDN Metal Packaging (China), Shangyu Sanyou Electro-Chemical Aluminium Products (China), Alameda Packaging (US), EMA Pharmaceuticals (France), Alupac-India (India), Alutop (India), Helicap Closures (China), and Manaksia Limited (India).
Research Coverage:
This report provides detailed segmentation of the aluminum caps & closures market based on product type, end-use sector, and region. The product type segment is divided into roll-on-pilfer-proof, easy open ends, non-refillable closures, and others. Based on the end-use sector, the aluminum caps & closures market has been segmented into beverage, pharmaceutical, food, home & personal care, and others. Based on the region, the market has been segmented into North America, Europe, APAC, the Middle East & Africa, and South America.
Key Benefits of Buying the Report
From an insight perspective, this research report focuses on various levels of analyses — industry analysis (industry trends), market share ranking of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the aluminum caps & closures market; high growth regions; and market drivers, restraints, opportunities, and challenges.
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Aluminium Ring Pull Caps Market By Covid-19 Impact Analysis – Volume And Value, Revenue, Business Opportunity, Future Projections, And Key Trends
Aluminium Ring Pull Caps: Overview
Aluminium ring pull caps are used in various industries, and their utility across industries involves preserving product consistency, increasing commodity shelf life and keeping the products fresh. These are some of the key factors that have contributed to Aluminium ring pull caps share of the packaging industry growing. The beverage segment is expected to have the greatest market share and dominate the demand for Aluminium ring pull caps as they are preferred by several beverage industries for both i.e. Alcoholic and Non-Alcoholic beverages.
Aluminium Ring Pull Caps: Dynamics
Aluminium ring pull caps are increasingly being used in the pharmaceutical sector which is expected to play a key role in changing the Aluminium ring pull caps market; the pharmaceutical segment is expected to rise at the highest pace during the forecast period. The beverage industry has long been a major contributor to the growing demand for Aluminium ring pull caps; however, other industries such as healthcare have been in strong competition with this in recent times. Population rise and economic development are the other factors that drive this demand growth.
Aluminium ring pull caps are used in various chemical industries, and their utility across these industries involves preserving product consistency, increasing commodity shelf life and keeping the products fresh. These are some of the key factors that have contributed to aluminium ring pull caps share of the packaging industry growing.
One of the big market constraints is the high cost of Aluminium ring pull caps compared with other crown caps and closures. Aluminium ring pull caps was found in order to get a proper design but high efforts are needed along with higher quantities of raw materials and special machinery compared to crown caps.
Another factor such as strict regulations for the aluminium ring pull caps industry and increased demand for alternatives such as blister packs serve as a barrier to market growth of aluminium ring pull caps. Due to lightweight and superior barrier properties, the Aluminium ring pull caps has a higher market share than steel ring pull caps. In addition, steel ring pull caps are projected to have a higher CAGR over the forecast period due to the recent trend in dense steel caps with lower production costs
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Aluminium Ring Pull Caps: Segmentation
The global Aluminium ring pull caps market is segmented as follows –
By application type, the global Aluminium ring pull caps market is segmented into –
Alcoholic drinks
Non-alcoholic drinks
Bottled Water
By Diameter, the global Aluminium ring pull caps market is segmented into –
22 mm
26 mm
Others
By End-Use Industry, the global Aluminium ring pull caps market is segmented into –
Food & Beverages
Chemical Industries
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Aluminium Ring Pull Caps: Regional Outlook
The demand of aluminium ring pull caps market is distributed across North America, Asia, APEJ, Africa and the Middle East and Latin America. Aluminium ring pull caps market is expected that Latin America and APEJ will experience a slew of acquisitions, generating lucrative opportunities for producers to extend their consumer base. Vietnam, for example, had seen a whopping increase in beer production in the past decade which had production rate increase up to 200 percent. However, major market players are trying to target APEJ region to increase their customer base, as the region is considered to provide 1/3rd of global beer production. On the flip side, the aluminium ring pull caps market has been adversely affected by the plunge in beer production particularly in Europe, Japan and North America.
Asia Pacific is projected to rise at the largest market share and dominate the demand for Aluminium ring pull caps for forecasted period. Asia Pacific offers potential opportunities for growth, as developing countries like China and India are expected to be emerging markets, making the Asia Pacific region the fastest growing Aluminium ring pull caps market. Market growth in this region is driven by factors such as food & beverage growth, healthcare and the personal care industries.
Aluminium Ring Pull Caps: Key Players
Finn-Korkki Oy
The TNN Development
Fuzhou SKT
Jiangsu Changjiang Lids
Pelliconi & Company
Nippon Closures
World Bottling Cap
Taiwan Hon Chuan.
Alcopack Group
Herti JSC
COVID-19 impact on Aluminium Ring Pull Caps Market
The increasing demand for sanitization and consumption of food and beverages products in urban and rural regions throughout the global has impacted the Household cleaning, Personal cleansing, Non-fruit drinks industries by 65.4%, 41.8% & 37.9%. As, the above industry’s serve the foundation for aluminium ring pull caps market.
Aluminium ring pull caps market is majorly been impacted by the lockdown that is imposed by the governmental institutes to safeguard their citizens of the country in different parts of the world. In the beginning of the lockdown majority of FMCG products that are categorized in necessity are being supplied to people which included grocery products, pharmaceuticals products etc. But excluded the alcoholic beverages in the necessity which is the major driver for aluminium ring pull caps market and constrain the market for aluminum ring pull caps.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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Asia Pacific
Europe
Latin America
The Middle East and Africa
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Metal Packaging Market Segmentation and Analysis by Recent Trends, consumption by Regional data, Development, Investigation, Growth Forecast 2022-2032
According to Future Market Insights (FMI), rising application of metal packaging solutions in food & beverages, personal care, healthcare, household & consumer, and industrial sectors is boosting the metal packaging market.
One of the primary growth factors for the metal packaging market is demand metal packaging is essential for human civilization's long-term survival. Metal, being a permanent substance, preserves its qualities even after infinite recycling, drastically decreasing resource waste.
For packing purposes, metals such as aluminium are particularly easy to sterilise. It is a good choice for packing materials due to its durability and high barrier protection. Cans have been the most popular of all the metal packaging options.
Metal cans have been used in a variety of packaging applications due to their ease of use and availability. Preference for small-size and multi-pack package forms will further drive the metal cans demand.
There has been an increase in demand for mini-cans, particularly in India, China, and Japan. As a result, most beverage firms in the region provide mini cans, which often contain lower amounts of product and are less expensive than standard tinned goods.
Metal packaging's recyclability is one of the key reasons likely to boost the global metal packaging market over the projected period. Due to their superior recycling infrastructure, aluminium and steel packaging materials are the two most durable raw materials for packaging.
Key Takeaways from Metal Packaging Market
Aluminium is the most used material segment for manufacturing metal packaging segment, and it holds a market share of almost 53% of the metal packaging market.
Cans packaging segment will witness growth at a CAGR of 2.8% in the forecast period.
The food and beverages segment is projected to foresee a remarkable CAGR 2.9% over the forecast period. Food and beverages market continues to grow rapidly, surpassing US$ 60.7 Bn in 2032.
North America accounts for a substantial portion of the metal packaging market over the forecast period on the back of strict government rules and requirements.
Metal Packaging Market Landscape
Ball Corporation, Crown Holdings, Silgan Holdings, Ardagh Group, CPMC Holdings Ltd. Amcor Limited, Alcoa Corporation, Manaksia, Tata Steel Limited, Rexam plc, Greif, Inc. and Toyo Seikan Group Holdings, Ltd. and others.
Metal Packaging Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the metal packaging market by material type (aluminium, steel, others (tin, iron)), product type (cans, drums & pails, aerosols, tubes & lids, barrels, trays & foils, caps & closure, pallets, bottles and jars, others), end use industry (food & beverages, personal care, healthcare, household & consumer, industrial) across seven regions.
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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Metal Packaging Market Research Report
Global Metal Packaging Market
The GMI Research forecasts that the Metal Packaging Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their recyclable property and changing lifestyle of consumers.
Request for a FREE Sample Report on Metal Packaging Market
Introduction of the Metal Packaging Market
Metal packaging is the process of enclosing or protecting products by using materials such as aluminum and steel for their distribution, storage, and sale. Such packaging is used across various industries such as food & beverages, healthcare, chemicals, personal care, and others.
Key Players of the Global Metal Packaging Market:
· Ball Corporation
· Can-Pack SA
· Greif Incorporated
· DS Containers Inc
· Silgan Holdings Incorporated
· Ardagh Group
· Tubex GmbH
· Crown Holdings Inc.
· Mauser Packaging Solutions
· CCL Container Inc.
Metal Packaging Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The replacement of plastic and other materials with a convenient and healthy packaging option and rapid urbanization leading to the robust demand for packaged foods drive the growth of the global Metal Packaging Market. Plastic containers lose micrograms of plastic which gets dissolves in the product or food. Thus, the excellent preservative properties and structural integrity property that offers longer shelf life offered by metal packages have raised their usage in the food packaging sector. In accordance with the US Census Data and Simmons National Consumer Survey (NHCS), approximately 102.18 million Americans consumed canned meat in 2019, presenting tremendous growth opportunities for the market. Moreover, heavy-duty metal containers, such as IBCs (Intermediate bulk containers), drums transport chemicals, oils, and bulk liquids, strengthening the market size. However, as per the Metal Packaging market research, factors like chemical reactions with acidic content and drug products will curb the Metal Packaging market growth.
Metal Packaging Market Segmentation:
Segmentation by Material Type
· Aluminium
· Steel
Segmentation by Product Type
· Cans
· Bulk Containers
· Shipping Barrels and Drums
· Caps and Closures
· Others
Segmentation by Vertical
· Food and Beverage
· Industrial
· Cosmetic and Personal Care
· Paints and Varnishes
· Automotive
· Household
· Others
Segmentation by Region:
· North America
o United States of America
o Canada
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: [email protected]
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
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Website: www.gmiresearch.com
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