Light Metal Packaging Market Size, Share, Trends & Forecast
"To prepare the winning Light Metal Packaging Market research report, an array of objectives of market research has been considered. This market report gives a methodical estimation of the key challenges in terms of sales, export/import, or revenue that any business may have to deal with in the coming years. It also helps to discover the probable market for a new product to be launched and the most apt method for the distribution of certain product. The top notch Light Metal Packaging Market report also highlights general market conditions, estimates market share and possible sales volume of Light Metal Packaging Market industry.
The market analysis carried out in the large scale Light Metal Packaging Market report provides an estimation of the expected rise, growth or fall of the product in the definite forecast period with respect to Light Metal Packaging Market industry. Market shares of the major industry players in the key areas of the globe such as Europe, North America, Asia Pacific, South America, Middle East and Africa are also conducted. A team containing domain experts analyses and estimates this market data using well established market statistical and coherent models. While preparing Light Metal Packaging Market report, research and analysis has been performed with one step or the combination of several steps depending upon the business and client requirements.
Data Bridge Market Research analyses that the light metal packaging market was valued at USD 1,810.50 million in 2021 and is expected to reach USD 2,996.37 million by 2029, registering a CAGR of 6.50 % during the forecast period of 2022 to 2029.
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Light Metal Packaging Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD million, Volumes in Units, Pricing in USD |
Segments Covered | Material Type (Aluminum Metal Packaging, Steel Metal Packaging, Others), Packaging type (Cans, Drums and Pails, Aerosols, Tubes and Lids, Barrels, Trays and Foils, Caps and Closure, Bottles and Jars, IBCs, Pallets, Others), End User (Food and Beverages, Personal Care, Healthcare, Household and Consumer, Industrial) |
Countries Covered | U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa |
Market Players Covered | Ardagh Group S.A, (Luxembourg), CPMC Holdings Limited (China), Toyo Seikan Group Holdings Ltd. (Japan), Can-One Berhad (Malaysia), CANPACK (Poland), Ball Corporation (US), Envases (Spain), Universal Can Corporation (Japan), Interpack Group Inc. (China), GZI Industries Limited (Nigeria), Showa Denko K.K (Japan), Swan Industries (Thailand) company Limited (Thailand), Nampak Ltd (South Africa), The Olayan Group (Liechtenstein), Techpack Solutions (South Korea), Orora Packaging Australia Pty Ltd (Australia), MSCANCO (Germany), Ceylon Beverage Can (Pvt) Ltd. (Sri Lanka), Jiangsu Baosteel Metal Product Co.,LTD. (China), Asia Packaging (Vietnam), Silgan Holdings Inc., (U.S.) |
Market Opportunities |
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Market Definition
A light metal packaging is mainly made up of two materials: steel sheets, also called aliminium. Steel sheets are plated with organic lac and tin, thus the direct contact of steel with food is inhibited. Hereby, corrosion resistant light metal packages are formed. It is created as the corrosion resistant metal packaging.
Light Metal Packaging Market Dynamics
Drivers
- Highly used for food preservation
Light metal packaging has become a vital part of food preservation procedure which is known as canning. Canned food has become an essential part of diet in developed nations. Light metal packaging delivers a barrier which is resistant to light, air and moisture. The ductile nature of light metal packaging materials make it’s suitable for the seals and closures of numerous type of bottles which are expected to drive the growth rate of the market
- Product protection
Taste and personality are very important for craft brew brands, making the protection of those attributes more essential. Light metal offers a powerful barrier against oxygen and light, they are the two major barriers of craft brews and many other products because they can have an adverse effect on freshness and flavour. Light metals help to enhance craft beer brands on the shelf life.
- Demand of Eco-friendly packaging
Light metal packaging have a number of environmentally friendly strengths: These packaging have a higher rate of recycling compared to other metals. Light metal packaging completely recyclable and can be recycled again and again without any loss in their performance. Recycling aluminum uses approx. 95% less energy than creating aluminum from raw materials. This aluminum can provides a great incentive for recycling light metals
Opportunities
The changing work life style of consumers shortly upward the trend of light metal in the market across the globe. Growing household income, health sector and consumer demand for better safety and quality and increased awareness of maintaining health are the major factors which will lead to the rising demand for light metal in the global market. The demand for light metal is substantial in developed regions and is also increasing gradually in other developing countries. The demand for organic and fresh products, especially increasing demand for the non-carbonated beverages will increase the potential growth of light metal packaging in the upcoming years. Also, rise in emerging new markets and strategic collaborations will act as market drivers and further enhance beneficial opportunities for the market.
Key Coverage in the Light Metal Packaging Market Report:
- Detailed analysis of Global Light Metal Packaging Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Global Light Metal Packaging Market and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Light Metal Packaging Market research report.
- Interaction with research scientists and development heads to understand the nature of the Light Metal Packaging Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Light Metal Packaging Market size
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