Metal Packaging Industry Market Research Reports, Industry Analysis and Trends
Metal packaging is the process of packaging goods using packaging solutions made from metal. Metal is used as a packaging material for preservation of products that have a perishable quality after from the time they are produced; mainly food and beverage industry use majorly metal packaging solutions for variety of food and beverage product due to the high consumption demand. Metal packaging is considered a much stronger packaging solution for different qualities such as high functionality, versatility, and non-permeability. In addition, metal packaging works as a powerful tool for brand enhancement of F&B manufacturers.
Metal packaging demand is strongly driven by the emerging market growth. Increasing busy lifestyles or modern consumers and rapidly aging population is magnifying the demand for convenient and long lasting food packaging which has influenced the rapid growth, benefiting metal packaging as well as other packaging methods. The tamper-proof nature and ambient storage opportunities of metal packaging further enhance its market potential in developing countries. With greater and health and environmental awareness, consumers demand for metal packaging for the retention of nutritional benefits of freshly packaged foods, and the growing environmental concerns have made metal packaging manufacturers to move towards increasing sustainability as the reduction of carbon footprint, usage of recyclable materials are vital to the nature in metal packaging. According to Visiongain, metal packaging market will reach the value of US $102.1 billion by the end of 2013.
Metal packaging whether made from steel or aluminium fulfils all the aspects of sustainability as they deliver 100% protection against any atmospheric contamination, they are unbreakable and most importantly, they reduce household waste as compared to other packaging solutions. Metal can be recycled many number of times without loss of its essential properties. Metal packaging collection for recycling is simple and cost efficient; there are multiple collection systems in Europe. Moreover, 75% of all primary aluminium is still in use and available through recycling. High recycling rates contribute significantly to the efficient and economic use of primary materials.
Metal Packaging Industry Current Trends
The metal packaging has always been a popular choice for industrial products and brands due to its durability and versatility. With the help of new technological advancements, metal packaging can maintain the core benefits while also incorporating value-added features; the features that enhance consumer convenience. These technologies are extremely vital for industrial products to utilize metal packaging as a brand-building tool that is capable of delivering good competitive quality. The composition of metal is highly stable and it provides maximum resistance to temperature changes and that is the sensitive chemical products such as paints and coatings that are packaged in metal packaging solutions, often exhibit considerably longer shelf lives than products packaged with alternative materials. This is a key advantage for industrial products, which are often stored for extensive periods of time before they are used.
Metal packaging has been well-established for a number of decades, offering core benefits as durability and environmental resistance. The metal packaging market has been forecast to hit the value of $152 billion by 2018, driven by positive macro-economic, demographic, and lifestyle trends, particularly in Asia-Pacific and Latin America. Nowadays the appeal of metal packaging is enhanced through new technologies such as innovative shaping and decorative finishes, which offer fresh new looks for maximized shelf impact, and improvements in functionality. These qualities improve brand loyalty. Although the main constraints of metal packaging market are the still lingering effects of the global financial crisis, metal packaging growth has had little restriction to an extent. Metal packaging manufacturers are locked in an intense battle with producers of alternate packaging materials, especially glass, paper, and polymer packaging.
Major Metal Packaging Industry Players
Major companies in metal packaging industry include Anheuser Busch Companies Inc, Metal Container Corp, Ball Corporation, Ardagh Group, Crown Holdings Inc, and Sonoco Products Company.