Metal Packaging Coatings Market Insights and Assessment of Growth Factors Analyzed Until the End of 2027
October 17, 2019 by Amanpreet
The packaging industry is one of the foremost industrial sectors to give birth to the throwaway culture, which is responsible for the damages caused by millions of tons of waste produced each year. As a result, growing concerns about environment have given rise to sustainability trends in the packaging industry, thereby boosting adoption of metal packaging solutions.
The metal packaging coatings market banks on the growing shift from plastic to metal in the packaging industry. By 2018, the metal packaging coatings market is likely to envisage 3.8% y-o-y over 2017, according to a recent market study published by Fact.MR. The study remains bullish on positive growth of the metal packaging coatings market, as the use of metal packaging solutions has reached new heights in various industrial applications in the recent years.
The Fact.MR study thoroughly assesses macro and microeconomic factors that may redefine growth prospects of the metal packaging coatings market in the foreseeable future. The study also provides a holistic assessment of market dynamics to obtain nearly accurate conclusions about market growth and provides actionable insights to readers.
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Sales of Metal Packaging Coatings will Remain Highly Concentrated in Developed Regions
According to the Fact.MR study, the metal packaging coatings market in developed regions, such as North America and Europe, is expected to account for more than half the sales of metal packaging coating in 2018. The study opines that the trend will continue to persist throughout the upcoming decade, generating most lucrative opportunities for metal packaging coating manufacturers in North America and European Union.
Some of the key findings of the Fact.MR study that elucidate the market scenario and competitive environment in developed metal packaging coatings markets are,
The Fact.MR study also projects that leading metal packaging coatings market players in developed regions will introduce innovative types of metal packaging coatings, which can improve safety, durability, as well as aesthetics of metal packaging in the foreseeable future.
New Trends in Food & Beverage Packaging will Spur Demand for Metal Packaging Coatings
Growing needs for sustainable and environment-friendly packaging have exerted immense pressure on stakeholders in the packaged food & beverage industry. The selection of appropriate packaging materials plays a pivotal role in retaining the product quality and conservation throughout the period of consignment and storage. Despite the lower cost and functional benefits of plastic packaging, the F&B industry is shifting towards development of active packaging technologies, which is escalating the use of metal packaging for food & beverages.
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The Fact.MR study projects that beverage cans will continue to generate maximum demand for metal packaging coatings, dominating the sales of various product types of metal packaging coatings by 2018. Thereby, modern food & beverage manufacturers plumping for metallic food packaging will augur well for the incremental growth of metal packaging coatings market in the foreseeable future.
Fact.MR study offers an in-depth explanation of how the metal packaging coatings market will grow during the forecast period 2018-2027. According to conclusions of the Fact.MR study, the metal packaging coatings market will grow at a healthy 4.1% volume CAGR through 2017.
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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