With Market Size Valued at $159.3 Billion by 2026, it`s a Stable Outlook for the Global Metal Packaging Market
Sep 28, 2021, 10:06 ET
SAN FRANCISCO, Sept. 28, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Metal Packaging - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 18; Released: April 2021
Executive Pool: 1293
Companies: 143 - Players covered include Anheuser-Busch Companies Inc.; Ardagh Group; Ball Corp.; BWAY Corp.; Can-Pack S. A.; CPMC Holdings Limited; Crown Holdings Inc.; Daiwa Can Company; Greif Inc.; Hildering Packaging BV; Hoe Chong Tin Pte. Ltd.; Metal Container Corp.; Orora Limited; Pirlo GmbH & Co KG; Silgan Holdings Inc.; Sonoco Products Company; Stebler Packaging AG; Tata Steel Packaging; Tecnocap S.p.A; The Envases Universales Group; The Massilly Group; Toyo Seikan Group Holdings Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Material Type (Aluminum, Tinplate, Steel); Product Type (Metal Cans, Metal Containers, Metal Caps & Closures, Other Product Types); End-Use (Food Packaging, Beverage Packaging, Personal Care Packaging, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Metal Packaging Market to Reach $159.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Metal Packaging estimated at US$142.8 Billion in the year 2020, is projected to reach a revised size of US$159.3 Billion by 2026, growing at a CAGR of 1.8% over the analysis period. Aluminum, one of the segments analyzed in the report, is projected to record a 1.3% CAGR and reach US$58.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Tinplate segment is readjusted to a revised 2.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $39.5 Billion in 2021, While China is Forecast to Reach $30.1 Billion by 2026
The Metal Packaging market in the U.S. is estimated at US$39.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.1 Billion by the year 2026 trailing a CAGR of 3.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR.
Steel Segment to Reach US$46.3 Billion by the year 2026
In the global Steel segment, USA, Canada, Japan, China and Europe will drive the 1.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$31.1 Billion in the year 2020 will reach a projected size of US$34.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
Director, Corporate Communications
Global Industry Analysts, Inc.
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