Metal packaging market worth $135.69 billion by 2020

This is because strong growth of end-use industries in developing countries including India, China, and Brazil is further anticipated to propel the market growth over the projected period.

The North American region accounted for around 34.4% of the total market share in terms of value, followed by the European and Asia-Pacific regions. However, as the urbanisation is rising in developing countries such as China and India, are estimated to grow at a higher rate from 2015 to 2020.

The Metal Packaging Market is primarily driven by increasing urbanisation, rise in packaged food sales, increasing demand for aerosol products, rising demand for metal packaging in alcohol industry, and increasing consumption of canned vegetables and foods. Pharmaceuticals and cosmetics industry is propelling the growth of the Metal Packaging Market.

The drivers of the metal packaging market include increasing beverage and food market improved standard of living. These drivers are focused at reinforcing the growth of metal packaging market in the future.

However, the market needs to handle critical challenges such as environmental issues related to steel manufacturing and flexible packaging. Middle East, Asia Pacific, Eastern Europe, and Africa have witnessed high growth on account of consumer preference towards lightweight and easy-to-dispose packaging.