Ardagh Metal Packaging USA Inc Market Size, Share, Trends - forecast to 2025

Posted by sagark on December 3rd, 2019

Summary

Ardagh Metal Packaging USA Inc Market Global Metal Packaging Industry information By Material, Product, Application, and By Region - Forecast 2025

Ardagh Metal Packaging USA Inc Market Scope

Market Research Future (MRFR) in the “Metal 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.

Market Insights

The increase in consumption of beverages and the rise in demand for aerosol cans are factors that are expected to surge the market of metal packaging in the review period. Applications of metal packaging spread across verticals, such as food and beverages, chemicals, healthcare, personal care, and others. In the food and beverage industry, the need for metal packaging is growing due to increase in the consumption of beverages. Canned food is gaining popularity due to hectic schedule of people, as they offer quick solutions to hunger. Hence, these factors are expected to spur growth of the worldwide market of metal packaging. Advancements in packaging techniques are offering improved storage features for metal cans, which is likely to benefit the market. On the contrary, the expansion of the global market of metal packaging can deter due to causes, such as environmental problems that pertain to fluctuation in material cost and steel mining.

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Key Players

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)

CAN-PACK SA (Poland)

Greif, Inc. (US)

Metal Packaging Europe (Belgium)

Emballator Metal Group (Sweden)

Segmental Overview

The Ardagh Metal Packaging USA Inc 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 Ardagh Metal Packaging USA Inc 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 Ardagh Metal Packaging USA Inc 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 Ardagh Metal Packaging USA Inc Market is expected to thrive at high CAGR in the review years.

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