Global metal packaging market is segmented by technology, by products, by application and by geography. Global metal packaging market by technology includes light weighting, closer innovations, decoration trends, holograms and direct digital printing, self-chilling cans, anti-counterfeiting and security packaging, and others. Metal cans, caps and closures and other metal packaging containers are various metal packaging products.
Metal cans i.e. aerosol cans and fabricated steel boxes are most commonly known applications. Bulk metal containers, used to export/import the automobiles overseas and long distances in better conditions with consumer convenience. Owing to increased urbanization and modern lifestyle, demand for use of metal packaging has tremendously increased. Metal packaging is safest form of packaging so it is the basic preference of consumers.
The boom of processed and packed foods had led to growth of global metal packaging market. Delivering safe and sustained nutrition, metal packaging has been reliance for consumers hence helping global market of metal packaging grow unconditionally.
Metal is the most recycled material than any other waste packaging materials. About 80% or more metal packaging are recycled and used again without any loss in quantity and causing any loss in nutrients of Food and beverages. On the other hand cosmetics and pharmaceuticals industries are increasing the market of metal packaging as metal guards the contents from external environment and keeps in suitable temperature which is necessary in pharmaceuticals products. Therefore, this section has an upper hand in growth of this market globally.
Asia-Pacific is the fastest growing geography with ascending CAGR over the span of analysis in metal packaging, due to improving standards of living and increase in consumption of alcohols. In addition, Middle East & Africa and Eastern Europe have shown high growth in global market.