India Metal Packaging Market Analysis By Industry Growth, Size, Share, Demand, Trends and Research Report

(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 30, 2021, 04:57 /Comserve / -- India Metal Packaging Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

The India Metal Packaging Market is expected to register a CAGR of 6.52% over the forecast period from 2020 to 2025. Recyclability of metal packaging is one of the significant factors that is expected to drive the global metal packaging market over the forecast period. Like aluminum and steel, metal packaging materials are the two most robust raw materials for packaging due to the superior recycling infrastructure. Recycling of one aluminum can save enough energy to run a television for three hours. With the growing middle-income group population, changing lifestyles, and evolving consumer preferences, India's consumption rates are also rising steadily.

- In June 2019, Hindalco Industries Ltd, a company of the Aditya Birla Group, Can-Pack India, and Ball Beverage Packaging (India), formed a consortium to popularize the use of aluminum beverage packaging. The consortium, called the Aluminum Beverage Can Association of India (ABCAI), advocates replacing plastic and glass with aluminum as packaging material. 

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Key Market Trends

Cans are Expected to Hold Significant Share

- Among different kinds of metal packages, such as cans, drums, bottles, caps, and closures, can have been the most popular. Ease of use and availability aided in the adoption of metal cans in several packaging applications over the last century. Additionally, consumer trends, such as a preference for small-size and multi-pack packaging formats, support the volume growth of the global metal cans demand. Increasing demand for mini-cans has been observed, especially in the Asia-Pacific markets, such as India. Therefore, most beverage companies in the country offer mini-cans, which generally contain smaller volumes of products and cost less than traditional canned products.
- Two-piece cans and three-piece cans are typically available in aluminum, tin plate, and steel. The usage of cans is dependent on its application and industries. The can type differ depending on the market and the product application and is used for products such as fish cans, cheese cans, beverage cans, etc. Steel cans are usually preferred as they can be recycled at a faster rate. Aluminum two-piece cans are also used as aluminum can be drawn quickly and hence used in aerosols, home fragrance, etc. The use of aerosol in India is growing well, especially aluminum aerosol. Ball Corporation has already entered India, and soon, India is expected to become one of the largest production houses globally. Plus, the decorative cans market is also picking up India.

Food is Expected to Hold Significant Share

- Metal containers find applications in the food and beverage industry, as metal is suitable for protecting food content. In contrast, heavy-duty metal containers, such as drums and IBCs, are generally used to transport oil, chemicals, and bulk liquids. In the food market, the products using metal packaging do not lose their nourishing properties and keep their original tastes long. Also, the weight of metal packaging is low, and its resistance toward physical shocks is high. Such packaging solutions have low costs of storing, loading, and shipping. Also, Ball India projects the consumption of aluminum cans for storing beverages, food items in India has the potential to grow significantly from the present rate.

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- Packaged food is one of the fastest-growing segments in the Indian packaging industry. It is expected to fuel the demand for metal packaging, as it ensures food quality, safety, and long shelf life. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), the expenditure on packaged foods increases (at inflection point), due to the rise in per capita income, urbanization, and an increase in the number of working women. According to Agriculture and Agri-food Canada, the sales of packaged food in India amounted to USD 76,284.2 million in 2018, and it is expected to register a CAGR of 18% during the forecast period.

Competitive Landscape

The India metal packaging market is quite competitive and is moderately fragmented that consists of significant individual players such as Ball India (Ball Corporation), Oricon Enterprises Limited, Casablanca Industries Pvt Ltd, Hindustan Tin Works Ltd. Many companies are increasing their market presence by expanding their operations or entering into strategic mergers and acquisitions.

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry

5 MARKET DYNAMICS

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