Global Metal Packaging Market 2013-2023
NEW YORK, March 25, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Various consumer-trends are driving metal packaging demand. The increasingly busy lifestyles of modern consumers and rapidly aging societies are magnifying the demand for convenient and long-lasting food packaging. Increased awareness of the health and nutritional benefits of freshly packaged food as well as nutrient-retaining qualities of metal packaging are driving demand. Growing environmental concerns have also caused a move towards increasing sustainability and both consumers and companies are looking to diminish their environmental footprint, benefiting the 100% recyclable metal packaging. Visiongain has determined that the value of the global metal packaging market in 2013 will reach $102.1bn.Metal packaging demand is also strongly driven by emerging market growth. Higher income levels in developing countries, busier lifestyles and consumer-preference for packaged food products instead of bulk products are driving packaging product growth, benefiting metal packaging as well as other packaging methods. The tamper-proof nature and ambient storage opportunities of metal packaging further enhance its market potential in developing countries. The main constraints of metal packaging market are the still-lingering effects of the global financial crisis and the doubts created by the current euro-zone crisis. Reduced consumer and producer confidence restricts metal packaging growth to some extent - food packaging contains many essential items and is likely to exhibit steady growth in any circumstances, but other metal packaging submarkets will be impacted by any double-dips in the horizon. Fluctuating raw material and energy prices are further factors potentially constraining the metal packaging market growth, making metal packaging more expensive and less competitive. Bisphenol A (BPA) related issues may reduce profitability of the metal packaging sector if consumers begin to shy away from metal packaging products or if more governments ban BPA-containing products.
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