The global metal print packaging market size is expected to reach USD 167.80 billion by 2030 according to a new study by Polaris Market Research. The report “Metal Print Packaging Market Share, Size, Trends, Industry Analysis Report, By Type (Cans, Caps and Closure, Carrels and Drums), By Raw material (Steel, Aluminum), By Printing Process (Offset Lithography, Gravure, Flexography, Digital), By End-Use (Beverage, Food, Health Care, Personal Care); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
There major propelling factors are such as growing demand for personalized food, beverages, and aesthetic appeal boosts the demand for the metal design packaging as it enhances the brand popularity. In addition, the consumption of packed food & beverages, along with the increasing disposable income, is also augmenting the industry demand.
Moreover, steel design wrapping presents characteristics like improving hygiene and boosting longer shelf-life instead of cardboard and plastic wrapping, which gain tremendous traction among the population globally, thus, in turn, propels the industry growth.
Based on the process, the offset lithography segment is dominating the global industry with the highest revenue shares. This process presents several features such as high-quality, cost-effective, and high-speed printings, coupled with the growing demand by the packing industry are the factors that lead the segment growth globally.
In contrast, the digital process segment shows a significant growth rate that leads to industry demand owing to the continuous technological advancements, rising need for personalization, and ability to design without the printing plates.
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The growing demand for packed food products is propelling the global industry demand. With the changing socio-economic and demographic pattern of life, consumers’ increasing income levels and busier lifestyles drive industry growth. In recent scenarios, people are working for longer hours and seeking to use time efficiently; consequently, many consumers demand products and services that can support and ease their busy lifestyle.
Also, population interest is growing exponentially for the packed food owing to their convenience, attractive appearance, value, and taste. Hence, packed foods are gaining significant prominence globally in terms of demand, sales, and export values, which, in turn, fueling the industry demand over the forthcoming years.
Market participants include CCL Container, Ball Corporation, Crown Holdings Inc., Etchon Marks Control, Tonejet Limited, Envases Group, HuberGroup, Real Pad Printer, Koenig & Bauer AG, Star Laser Technology, and Toyo Seikan group are some of the key players operating in the global industry.
The frequent tactical movements such as mergers & acquisitions, product launches, and others by the prominent industry players also support global market development. For instance, in May 2021, Huber Group Print Solutions established a new production facility in Poland. It will produce varnishes and inks for the gravure printing, including UV inks.
Polaris Market Research has segmented the metal print packaging market report on the basis of type, raw material, printing process, end-use, and region:
Metal Print Packaging, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Caps and Closure
- Carrels and Drums
Metal Print Packaging, Raw Material Outlook (Revenue – USD Billion, 2018 – 2030)
Metal Print Packaging, Printing Process Outlook (Revenue – USD Billion, 2018 – 2030)
- Offset Lithography
Metal Print Packaging, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
- Health Care
- Personal Care
Metal Print Packaging, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa