Metal Packaging: A Global Strategic Business Report
San Jose, CA (PRWEB) May 28, 2013
Follow us on LinkedIn - Metal has been used as a packaging material for the storage and preservation of perishable products since time immemorial due to the qualities of metal packaging, including versatility, high functionality, inertness and non-permeability. In the consumer markets, packaging is a powerful tool for brand enhancement and product differentiation. The food and beverage industry represents the major end-use market for metal packaging, with a major portion of the demand dependent on beverage consumption. Changing lifestyles, rising GDP, burgeoning demand from emerging nations such as in Asia-Pacific and Latin America, rising awareness about the benefits of nutrient retaining packaging, ageing population, scarcity of time, and smaller family sizes have propelled the demand for single-serve canned food and beverage packs. Alcoholic spirits and wines, the biggest revenue generator in the beverages market, represents a lucrative yet challenging market for metal packaging manufacturers.
Macroeconomic, demographic, and lifestyle factors play a significant role in influencing global demand patterns for Metal Packaging. Following the decline in demand during the 2007-2009 recession period, the metal packaging market recovered in sync with the improvement in economic conditions. Recovering consumer confidence drove demand for innovative and premium metal packaging offerings. However, the recent fiscal cliff and sequestration cuts in the US are expected to continue to hinder consumer spending, with negative repercussions on the metal packaging industry, prompting consumers to migrate to cheaper packaging formats. The prevailing sovereign debt crisis is also proving to be a dampener for the market in Europe. Meanwhile, the burgeoning population in developing countries is expected to drive the demand for all types of food and non-food packaging.
Technological advancements that refine the production process, developments in raw materials, and innovative product and technology launches serve as vital growth stimulants for metal packaging. Growing health, safety, and environmental awareness places major emphasis on the design of new packages as well as the materials used. Steel and aluminum packaging are prized for their strong barrier protection, and their ability to effectively preserve freshness and nutrient value of contents from degradation due to light, moisture, and air. Recycling is one of the key aspects that sets metal packaging a grade above other packaging materials, particularly polymer packaging, as steel and aluminum products are fully recyclable. However, bioplastics with higher sustainability and recyclability are expected to emerge as a major contender for metal packaging.
Metal packaging manufacturers are locked in an intense battle with producers of alternate packaging materials, especially glass, paper, and polymer packaging. The recent surge in raw material costs on top of skyrocketing power, fuel, water, wages, and transportation costs, poses a challenge to metal packaging manufacturers, especially against a backdrop of low consumption and weaker economic outlook in key markets such as the United States and Europe. In addition, the global outcry against epoxy resin BPA (bisphenol A) that is used for lining the food-contact surface of metallic containers is creating challenges in the field of metal food packaging.
As stated by the new market research report on Metal Packaging, Europe represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 6.6% over the analysis period. Growth in the region is led by rising per capita income, higher consumer spending, and favorable lifestyle trends. Global market for rigid metal packaging made a strong comeback in 2010 from the recessionary lows of 2009 that triggered a slump in demand. Metal Cans, including food and beverage and aerosol cans, are expected to sustain their dominance in the global rigid metal packaging market in the near term.
Key players covered in the report include Amcor Ltd., Anheuser-Busch Companies Inc., Metal Container Corp., Ardagh Group, Ball Corp., BWAY Corp., Crown Holdings Inc., Greif Inc., Hoe Chong Tin Pte. Ltd., Rexam Plc., Silgan Holdings Inc., Sonoco Products Company, Toyo Seikan Group Holdings Ltd., among others.
The research report titled “Metal Packaging: A Global Strategic Business Report” announced by Global Industry Analysts Inc., analyzes the key trends influencing the global metal packaging market, growth drivers, market challenges for various product segments, product launches, mergers and acquisitions, other corporate activity, and the competitive landscape in the metal packaging industry. The report provides market estimates and projections in US$ for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World (Middle East and Africa). Key material types analyzed in the report include Aluminum, Tinplate, and Steel. Product segments analyzed include Metal Cans; Metal Caps & Closures; Metal Containers and Others.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/