Metal Packaging Materials: A Global Strategic Business Report
San Jose, CA (PRWEB) March 17, 2008
Of late, the metal packaging industry has been witnessing healthy growth primarily backed by changing consumer preferences. Improving living standards coupled with increased demand for canned, prepared foods have been the key propelling factors for growth in the industry. The era of convenience has catapulted the food, and beverage industry into a major revenue generating end-use application market.
Metal can manufacturers are today offering new convenient and easy-to-use containers that come with resealable metal lids, pull-tab lids, twist tops, as well as rectangular cans with an innovative peelable opening mechanisms. Further, food manufacturers are attracting young customers with lightweight, attractive and colorful packaging materials. Industrializing countries of Asia-Pacific, and Latin America are expected to offer the highest potential for global growth, since growth in disposable incomes generates demand for durable and non-durable goods. This thereby translates into greater demand for packaging.
World metal packaging materials market is projected to reach $108.7 billion by the year 2010, as stated by Global Industry Analysts, Inc. Europe and the United States are expected to continue dominating the global metal packaging materials market through 2010. However, Latin America and Asia-Pacific are likely to bag the biggest gains with the both the regions flaunting the potential to grow at CAGRs of 6.86%, and 5.89% respectively, over the period of 2001 through 2010. Of the three product segments analyzed in the report, Aluminum Packaging Materials Market accounted for an estimated 37.8% share in the year 2007, while tinplate Packaging Materials Market is expected to witness consumption rise by over 4.53% over the aforementioned period. Steel, the third major segment in the global metal packaging materials market is forecast to reach over $40.9 billion by the year 2015.
Leading players in the global metal packaging materials market include Rio Tinto Alcan, Alcoa Inc., Amcor Ltd., Anheuser-Busch Companies Inc., Ball Corporation, Crown Holdings Inc, Hoe Chong Tin Pte Ltd., Pactiv Corporation, Rexam Plc., Semiconductor Packaging Materials Corporation, Silgan Holdings Inc., Sonoco Products Company, and Toyo Seikan Kaisha Ltd, among others.
The report titled "Metal Packaging Materials: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides detailed market analyses and coverage of all the major markets, including the US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Product segments independently analyzed include Aluminum, Tinplate, and Steel. The report provides major trends, issues, and technological innovations in the metal packaging materials market.
For more details about this research report, please visit http://www.strategyr.com/Metal_Packaging_Materials_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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