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Summary Global Metal Packaging Industry information By Material (Steel, and Aluminum), Product (Cans, Drums & Barrels, Caps & Closures, and Others), Application (Food, Beverages, Pharmaceuticals, Personal Care, and Others), and By Region - Forecast 2022 Steel Packaging Market Scope Market Research Future (MRFR) in the “ Steel Packaging Market” report declares that between 2019 to 2025, the market is expected to expand at a CAGR of 3.36%, and its size is expected to grow to USD 150.69 billion by 2025. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/1917 Key Players MRFR listed some of the high profile companies that are operating in the global Steel Packaging Market. They are; Crown Holdings, Inc. (the US) BWAY Corporation (US) Ardagh Group (Ireland) Toyo Seikan Group Holdings (Japan) CPMC Holdings Limited (China) Ton YI Industrial Corporation (Taiwan) Silgan Holdings Inc. (US) Ball Corporation (US) HUBER Packaging Group GmbH (Germany) Segmental Overview The Steel Packaging Market is segmented based on type, material, and application. By material, the market is classified into steel, aluminum, and others. In 2018, the steel segment held the largest share of the market. The aluminum segment is expected for a high rise in profit. It is due to the high demand for carbonated soft drinks, beer, and energy drinks. By type, the market is classified into drums & barrels, cans, caps & closures, and others. The cans segment is expected to command a sizable share of the Steel Packaging Market. Cans are extensively used for packaging, especially for beverages. They are available in different shapes and sizes, which is aids in serving quantity needs of consumers, thereby widening consumer base. Hence, these factors are expected to surge the market.
By application, the market is classified into healthcare, food & beverages, chemical, personal care, and others. The food and beverage segment that held a large portion of the global market share in 2018, is expected to retain its superiority across the review years. The extension in shelf lives and better protection offered by metal packaging to food and beverage are factors that can boost the market growth. Regional Outlook The Steel Packaging Market in North America held the pole position in 2018. By the end of 2025, the market is expected to retain the position due to the rise in demand for convenient food that requires effective packaging. The market in the United States is expected to generate the highest revenue for the regional market in the years to come. The high dependency of people in the US on canned beverage and food are expected to surge the regional market. The Asia Pacific Steel Packaging Market is expected to thrive at high CAGR in the review years. Table Of Contents 1Introduction 2 1.1 Definition 11 3 1.2 Scope Of The Study 11 4 1.3 Assumptions 11 5 2 Research Methodology 1.4 Market Structure 11 2.1 Research Process 13 2.2 Primary Research 14 2.3 Secondary Research 14 2.4 Market Size Estimation 14 2.5 Forecast Model 16 3 Market Dynamics 3.1 Drivers 18 3.1.1 Increasing Consumption Of Beverage 18 3.1.2 Increasing Usage Of Aerosol Cans 19 3.2 Restraints 19 3.2.1 Environmental Issues 19 3.2.2 Increasing Material Cost 20 3.3 Opportunity 20 3.3.1 Scope In The Developing Nations 20 Continues…..
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