Global Light Metal Packaging Market 2024-2028
The light metal packaging market is forecasted to grow by USD 9302.4 mn during 2023-2028, accelerating at a CAGR of 3.2% during the forecast period. The report on the light metal packaging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing launch of new food and beverage products in metal cans, sustainability with metal packaging, and rising focus on improving shelf life of products.
Technavio's light metal packaging market is segmented as below:
- By Product
- Caps or stoppers and lids
- Aluminum boxes or casks and drums
- Steel and iron cans
- Crown corks
- Collapsible tubular aluminum containers
- By Application
- Food and beverages
- Personal care and cosmetics
- Healthcare
- Others
- By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the advent of resealable cans as one of the prime reasons driving the light metal packaging market growth during the next few years. Also, increasing demand for innovative lightweight materials and growing ecommerce industry will lead to sizable demand in the market.
The report on the light metal packaging market covers the following areas:
- Light metal packaging market sizing
- Light metal packaging market forecast
- Light metal packaging market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light metal packaging market vendors that include Al Suhaimi Holding Co., Ardagh Group SA, Ball Corp., Baosteel Group Corp., Can One Berhad, CANPACK SA, Ceylon Beverage Can Pvt. Ltd., CPMC Holdings Ltd., Dongwon Group, Envases Group, GZ Industries Ltd., Interpack Group, Mahmood Saeed Co. Ltd., Mitsubishi Materials Corp., Nampak Ltd., Orora Ltd., Silgan Holdings Inc., Sonoco Products Co., SWAN Industries Thailand Ltd., and Toyo Seikan Group Holdings Ltd.. Also, the light metal packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.