January 07, 2022
According to the research report titled ‘Global Metal Print Packaging Market Size study, by Printing Process (Offset Lithography, Gravure, Flexography, Digital) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global metal print packaging market size is expected to expand substantially at 4.5% compound annual growth rate during 2021-2027.
As per the findings of the report, ability of the technology to increase brand awareness and entice customers by making packaging more appealing is the primary growth driver of global metal print packaging market in the forthcoming years.
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Advantageous features associated with metal print packaging such as ease of usage, high durability, and resistance to extreme pressure & temperature has allowed manufacturers to gain a competitive advantage, which in turn is supporting the overall business expansion. Rising demand for packaged meals and beverages is slated to enhance global metal print packaging industry outlook in the coming years.
Furthermore, rising consumption of packaged beverages at major occasions such as sports events is expected to boost the remuneration scale of this marketspace. On the downside, volatile prices of printing inks is likely to hamper the market expansion during the study period.
Based on printing type, the industry is segmented into flexography, offset lithography, gravure, digital, and other printing technologies.
From a regional perspective, global metal print packaging industry landscape is fragmented into across North America (U.S., Canada), Europe (UK, Germany, Spain, France, Italy, ROE), Asia Pacific (Japan, China, South Korea, India, Australia, RoAPAC), and Latin America (Mexico and Brazil).
Among the listed geographies, Asia-Pacific market is likely to grow substantially over the study period, attributable to growing demand for packaged food goods and increasing disposable income. Meanwhile, Europe metal print packaging market is expected to develop rapidly due to high consumption of packaged beverages in the region.
With respect to competitive landscape, companies such as Rexam plc, Envases Group, Toyo Seikan Co. Ltd., Tata Steel Ltd., Ball Corp., Huber Group, CCL Container, Koenig & Bauer AG, Tonejet Ltd., and Crown Holdings Inc., are influencing the global metal print packaging market dynamics.