Metal packaging market to reach $168.45bn by 2027

Increasing consumption of canned food and rising demand for packaged food is driving the demand for the metal packaging market.

The global metal packaging market is forecast to reach $168.45 Billion by 2027, according to a new report by Reports and Data

The growing health awareness among customers for sustainable metal packaging, coupled with the shielding and protection of the items from getting spoilt, with a demonstrated wellbeing and supportability, is driving the growth of the market. 

However, increasing environmental concerns about reusing metal materials and appropriation of high-density polyethylene (HDPE) and Polyethylene terephthalate (PET) bottles are hampering the market’s demand.

Rapid urbanisation has changed the way of life of the individuals and, thus, has expanded the pervasiveness of rising selection of drums and barrels by different enterprises, for example, paints and coatings and compound ventures, augmenting the demand for the market product. 

However, increasing demand for plastic packaging within the food sector may hamper the growth of the market in the upcoming years.

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