Metal packaging market forecast to reach $128 million by 2021
After a significant slowdown in the late 2000s, the global market for metal packaging has recovered its growth with the highest rates registered in Asia, Eastern Europe, the Middle East and Africa.
In its new report, The Future of Metal Packaging and Coatings to 2021, Smithers Pira (smitherspira.com) estimates the market will grow by around 3% in 2016 to reach $106 million, driven mainly by increasing demand for metal packaging in emerging and transitional economies at a time when demand in more mature markets is likely remain flat. Going forward, the global market metal packaging is forecast to grow at an annual average rate of 4% to reach $128 million by 2021.