Industry Background:
Metal containers is commonly used in several forms of packaging. Metal containers are strong, relatively unbreakable, and impervious to moisture vapour, odours, gases and bacteria and also resistant to both low and high temperatures. Though, metals require the application of coatings and lacquers to avert chemical reaction and corrosion from the inside or outside. Furthermore, metal containers are available in a variety of shapes, styles and sizes ranging from small elongated collapsible tubes and shallow drawn containers to large built-up containers containing steel drums of up to 110 gallon capacity. It has a lighter environmental footprint than plastic since metal is easy to recycle and can deteriorate through natural processes.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Can Pack S.A. (Poland), Timeless Tins Ltd. (Canada), Silgam Holdings Inc. (United States), Sonocco Products Company (United States), Reynolds Group Holdings (New Zealand), Ardagh Group (Ireland), Crown Holdings (United States), Rexam Plc. (United Kingdom), Ball Corporation (United States) and Alcoa Incorporated (United States) |
This growth is primarily driven by Growing Popularity of Canned Food and Rise in Innovation and Technologies.
Globally, a noticeable market trend is evident Upsurge Demand for Youth-Centric Products Major Vendors, such as Can Pack S.A. (Poland), Timeless Tins Ltd. (Canada), Silgam Holdings Inc. (United States), Sonocco Products Company (United States), Reynolds Group Holdings (New Zealand), Ardagh Group (Ireland), Crown Holdings (United States), Rexam Plc. (United Kingdom), Ball Corporation (United States) and Alcoa Incorporated (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Developments in the Market:
In January 2022, Sonoco one of the largest sustainable global packaging companies, has acquired of Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products and the largest aerosol can producer in North America. The acquisition will, expands Sonoco’s already established sustainable packaging portfolio to include metal packaging.
In Feb 2023, Nestlé has launched stainless steel packaging for DRS in Germany. Nestlé is testing reusable stainless steel containers provided by Germany-based Circolution, for its Nesquick cocoa brand. “Anita in Steel” will be introduced in Germany and integrated into the country’s deposit return scheme (DRS).
Regulatory Insights:
The U.S. Food and Drug Administration (FDA) regulates the packaging and labeling of food. The intent of these regulations is to enhance the safety of food distributed throughout the United States and keep consumers informed about the food they're consuming. The FDA classifies any packaging that comes into direct contact with food as a "food contact substance." It is the responsibility of The Office of Food Additive Safety and The Center for Food Safety and Applied Nutrition (CFSAN) to ensure the safety of these food contact substances. This means packaging materials like plastics, coatings, papers, food colorants, and adhesives must be regulated and deemed safe for use.
Influencing Trend:
Upsurge Demand for Youth-Centric Products
Market Growth Drivers:
Growing Popularity of Canned Food and Rise in Innovation and Technologies
Challenges:
Shift of Preference Towards Plastic and Flexible Packaging in Food and Beverage Industry
Restraints:
Fluctuations in Raw Material Prices
Opportunities:
Research and Development in Metal Containers Design, Manufacture, and Materials and Rising Inclination Towards E-Commerce
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Metal Containers Market
- Analysis about New Entrants in Metal Containers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Metal Containers Study Sheds Light on
The Metal Containers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Metal Containers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Metal Containers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.