Market Research Analysis
Based on application, the market is segmented as beverages, food, personal care, pharmaceuticals and others. In which, beverage application segment accounts for the largest share of 66% due to increase in urbanization, changing lifestyle and increasing disposable income.
Food segment is the second-largest application and is projected to grow at 5.2% CAGR during the forecast period.
Based on region, North America region has accounted for the highest market share of 33.3%. The increasing consumption of beverages and rise in the usage of aerosol cans has led to the growth of market in the region. While, Asia-Pacific is projected to grow at the highest CAGR of 4.30%.
Metal Packaging Market Segmentation
For the purpose of the study, the market is segmented based on material, product, and application. On the basis of the material, the market is segmented into steel and aluminum. The steel segment dominated the global metal packaging market with 69.6% of share in 2015, and t is expected to grow at a CAGR of 3.19% during the forecast period. There are three types of steel used for packaging, which are tinplate, chromium coated steel, and black plate.
Scope of the Report
This study provides an overview of the global Metal Packaging, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global metal packaging market by its product, material, application and regions.
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