Metal Print Packaging Market Report 2021 – Global Growth, Trends, COVID-19 Impact, and Forecasts to 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Metal Print Packaging Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The metal print packaging market is expected to register a CAGR of about 5.4% over the forecast period 2021 – 2026.

The metal printed packaging allows the manufacturers to improve the brand visibility of the products, thus, attracting the user’s attention and propelling them to buy the product.

The world is urbanizing rapidly; the proportion of people living in urban areas is expected to increase to 66% by 2050, according to the United Nations (UN). As urbanization is picking up, and growing affluence, diet is changing, characterized by a high demand for packaged food. Therefore, large organized retailers have started to stack vast amounts of canned food and beverages. Nowadays, offline and online retailers stock a wide range of brands of packaged food items in their stores.

The rising demand for aesthetic appeal, and personalized canned food and beverages, is one of the important factors which is expected to accentuate the growth of the metal print packaging market throughout the forecast period. As stated by Evergage Inc., 70% of the manufacturers and marketers have recognized that personalization has a significant impact on the buying behavior of the consumer.

The requirement for boosting the speed to market is encouraging the players to increase the deployment of the emerging metal printing technologies. This is expected to enable them to increase the in-house production capacity and get the metal packaged products ready in time, by meeting the scheduling challenges quickly and efficiently.

Due to the COVID-19 pandemic, the customers are buying more canned foods than before, which is, therefore, drives the growth of the market studied. In March 2020, canned food sales at General Mills and Campbell Soup increased by more than 50 percent.

During the COVID-19 crisis, in the United States, sales of canned chickpeas, meat, and tuna were up by more than 20% compared to the usual time.

Key Market Trends

Digital Printing Process is Expected to Grow at a Significant Rate Throughout the Forecast Period

• The primary driver for the adoption of the digital printing process in advanced economies owing to factors, like printing without printing plates, shortest runs, and personalization. Vendors operating in the market are trying to adopt this futuristic printing process by investing more in emerging technologies. In May 2019, Koenig & Bauer MetalPrint presented itself as a partner for metal printing at the “Future Symposium” of ThyssenKrupp Rasselstein GmbH in Andernach.
• There is still a certain hesitancy to use digital printing for the metal packaging market. To convince the customers of the outstanding properties of digital printing, ThyssenKrupp Rasselstein GmbH, together with Pirlo and Koenig & Bauer MetalPrint, started distributing digitally printed metal can sample in many trade fairs, which will further promote the penetration of the printing process in the coming years.
• In March 2020, BrewBoard, which is a Cambridge based independent craft brewer manufacturer, expanded its portfolio of exclusive craft beer for designs with Tonejet Cyclone “direct to can” digital printing process. The brewery is planning to implement highly customized campaigns across East Anglia and Cambridge, with the Tonejet’s solution. These increasing adoptions of digital printing technology for metal print packaging are expected to help create more adoption opportunities in the future.

Competitive Landscape

The metal print packaging market is moderately competitive and comprises a significant number of global and regional players. These players account for a large share in the market and are focusing on expanding their consumer base across the world.

These players are focusing on the research and development investment in introducing new solutions, strategic partnerships, and other organic and inorganic growth strategies to earn a competitive edge during the forecast period.

Companies Mentioned

• Toyo Seikan Co. Ltd
• Ball Corporation
• HuberGroup
• Envases Group
• CCL Container
• Koenig & Bauer AG
• Tonejet Limited
• Crown Holdings Inc.

For more information about this report visit https://www.researchandmarkets.com/r/28qflb

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