Metal
packaging denotes packaging containers (cans for food &
beverages and aerosols and closures) that are made up of metallic
materials such as aluminum and steel. It is one of the rapidly
growing segments of the packaging industry. However, the segment is
expected to lose its market share to plastics in the beverage market.
Metal packaging is broadly used for institutional and consumer
products and in industrial applications to market, protect, and
distribute a wide variety of products. Demand for metal packaging has
increased led by various innovations and changing trends in the
packaging industry.
Metal packaging is
extensively used in food & beverages, retail non-food products,
pharmaceuticals, and other products. The utility of metal packaging
arises from the properties of sealing, aroma retention, barrier, and
strength. Over the past decade, metal packaging has accounted for a
major share in the healthcare sector. Metal packaging is used in the
packaging of foods, beverages, and pharmaceuticals. The metal
packaging value chain comprises raw material suppliers,
manufacturers, distribution and supply channels, and applications.
Metal packaging
provides an impermeable barrier to protect food, pharmaceuticals,
cosmetics, and other products. It is widely used to store diabetic
and other pharmaceutical tablets and capsules in the pharmaceutical
industry, as it is chemically neutral and highly resistant to
corrosion. Metal packaging provides excellent barrier properties. It
is used to protect food for long periods, thus minimizing wastage.
Aluminum foil is used to package products such as snack foods,
chocolates, yoghurt, and soups. Thus, demand for lightweight yet
sturdy metal packaging, which has an intrinsic value for recycling
and recovery, is anticipated to rise exponentially in the next few
years. Changing consumer lifestyle in developing countries such as
India and China is projected to drive the demand for metal packaging
in the next few years.
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Growth of the
healthcare industry is expected to drive the demand for metal
packaging in the near future. Additionally, focused research on
metallic materials has led to the development of metal packaging that
offers superior characteristics such as inert nature, chemical
stability, excellent barrier properties, high sterility, and reduced
weight. These factors help improve the shelf life of drugs and other
equipment and maintain their chemical properties. However,
fluctuation in prices of raw materials, increase in competition by
plastic packaging, and bisphenol A (BPA) related issues are estimated
to hamper market growth in the near future.
The healthcare
industry is expanding in North America due to high awareness of
general well-being among consumers. Rising usage of metal packaging
for pharmaceutical tablets and capsules coupled with significant
properties of aluminum foil such as high level of corrosion
resistance, impermeable metal barrier to light oils and UV are
anticipated to drive the demand for metal packaging in North America.
Presence of stringent governmental regulations in Europe and an
established healthcare industry are projected to increase the use of
metal packaging for pharmaceutical applications in the region during
the forecast period.
Some of the Key
Players in the metal packaging
market include Alcoa Inc, Ardagh Group, Rexam plc, Sonoco Products
Company, Tata Steel Packaging, Reynolds Group Holdings, Crown
Holdings.
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