Asia Pacific (APAC) Metal Packaging Market (2020-2026) | Trends, Analysis, Outlook, Size, Share, Forecast, Revenue, Industry, Value, COVID-19 IMPACT, Growth & Companies

Asia Pacific Metal Packaging Market is the second biggest market globally for metal packaging, led by metal beverage cans for soft drinks and beer, which account for the bulk of metal packaging in the region. It has tremendously progressed in the metal packaging market which primarily includes emerging markets such as India and China. Metal packaging is attaining popularity because of changing consumer taste, rising sale of grocery products including frozen and chilled food, changing lifestyle, improving the standard of living, rising income, steadily growing economies, and increasing alcoholic consumption represent key growth drivers in the Asia-Pacific region. Moreover, metal cans are the most recycled packaging containers across the globe. In several countries such as India, Brazil, Switzerland, and China, the recycling rate of metal packaging product is 90% or more. Also, South Koreans high commuting times are a strong indicator for the need for on-the-go packs, as consumers increasingly prefer products that can be consumed during travel. Pharmaceuticals, cosmetic industry, industrial chemicals have increased the use of metal for packaging. Advancements in packaging technology, which aids in offering metal cans with improved functional and storage features, have also been a major factor triggering the market growth. However, the growth of the market might be hindered by factors such as environment-related issues about steel mining and the adoption of high- density polyethylene (HDPE) and polyethylene terephthalate (PET) bottles. The recent outbreak of COVID - 19 made the industry suffer a hit as non-food and premium good packaging, the cosmetic industry witnessed a downfall considering consumers started to cut on their spending. Furthermore, delays have been experienced due to country-specific travel restrictions and safety concerns.

According to 6Wresearch, Asia Pacific (APAC) Metal Packaging Market is anticipated to witness growth during the forecast period 2020-26. North America is the largest market for metal packaging followed by Asia-Pacific. The fast-paced lifestyle is leading to convenience packaging. Asia-Pacific is the fastest-growing segment, which presents huge growth opportunities for soft drink manufacturers. The rising preference for packed food, ready to eat food and alcohol, accompanied by better and safer packaging is creating possibilities. The personal care segment and demand for youth-centric cosmetic products have potential growth opportunities in the market. The increased investment in aerosol to provide superior quality products can be further a boost for the industry especially in India, China, Japan and Russia. Furthermore, the technological advancements in the metal packaging industry are expected to give a boost to the industry.

Based on verticals, the market has been segmented into food & beverages, healthcare, personal care, chemical, and others. The segmentation of product can be done into cans, drums and barrels, caps and closures. It extends the shelf life of food & beverage products and delivers protection against light, oxygen, and bacteria. In recent time the pharmaceuticals are witnessing a rise considering the current situation of a pandemic. The ongoing efforts of the government to ban plastic completely due to environmental concerns forecasts increasing demand for metal packaging.

The Asia Pacific Metal Packaging report thoroughly covers the market by product type, material, applications and countries including Japan, China, India and the rest of Asia Pacific. Asia Pacific Metal Packaging outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific Metal Pacific trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Asia Pacific Metal Packaging Market Outlook
• Asia Pacific Metal Packaging Market Overview
• Asia Pacific Metal Packaging Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Asia Pacific Metal Packaging Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By End User
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Material
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for India Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for China Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Japan Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for South Korea Metal Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Asia Pacific Metal Packaging Market
• Market Drivers and Restraints
• Asia Pacific Metal Packaging Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Asia Pacific Metal Packaging Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Product Type:
• Cans
• Caps & Closures
• Drums & Barrels
• Others
• By End User:
• Food
• Beverage
• Healthcare
• Personal Care
• Others
• By Material:
• Steel
• Aluminum
• Others
• By Countries:
• India
• China
• Japan
• South Korea
• Rest of Asia Pacific

Frequently Asked Questions About the Market Study (FAQs):