Two Piece Metal Containers Market: An Overview
Need for easy packaging and leakage proof transit of the product contributing to significant demand for two piece metal containers in the past three years. The metal containers are available in various formats such as two piece containers and three piece containers. The two piece metal containers are manufactured either by draw process or drawn and wall ironed process.
These containers are extruded from a single metal sheet and the body of the containers has no joint. Therefore, end user's preference for two piece containers is increasing consistently for ensuring spill-free transportation of the product. Furthermore, these containers are prominently used for packaging of food, beverages, and pet food as these containers are airtight and lock freshness and nutrients of the product.
Attributing to several benefits such as aroma lock and ease of handling of the product, the demand for two piece metal containers is expected to grow significantly over the forecast period.
Two Piece Metal Containers Market: Drivers and Restraints
The two piece metal containers are developed to replace three piece container for reducing lid pollution. Attributing to excellent mechanical properties such as lightweight, ductility and corrosion resistance, two piece metal containers are expected to gain significantly more traction in the food and beverages industries in the coming decade.
Owing to tear resistance of two piece metal containers, they are highly preferred by paint industries. Besides this, the demand for such containers is increasing exponentially or perfume and deodorant storage. On the back of this, the expansion of chemical industries is expected to create exponential growth opportunities for the two piece metal containers market during the forecast period.
Moreover, high demand for such containers is witnessed in for storage of protein powders. Therefore, the market of two piece containers is expected to grow on the back of the pharmaceuticals and healthcare industries.
Despite the positive outlook, the availability of alternate products in the market might restrain the growth two piece containers market. These containers can be replaced by three piece containers. However, two piece container manufacturing requires nearly 15% less material than three piece containers.
Two Piece Metal Containers Market: Regional Overview
With the expansion of supermarkets and hypermarkets in developed countries such as the United States, the United Kingdom, the market two piece metal containers is expected to rise in multiples in the coming ten years. In developing countries such as India in South Asia, Mexico in Latin America, and China East Asia have the highest consumption of packaging material.
Therefore the market for two piece metal containers is expected to have a positive outlook in these countries. Also with the expansion of the beverage industries, the countries of the Middle East & Africa are expected to have lucrative growth opportunities of the two piece metal containers market in the next decade.
The expansion of consumer goods manufacturing industries in Japan, Canada, and France is expected to create a significant impact on the growth of two piece containers market. In conclusion, the demand for cost-effective packaging and spill-proof containers is projected to drive the global demand for the two piece metal containers market during the forecast period.
Two Piece Metal Containers Market: Key Players
Some of the key players of two Piece Metal Containers Market are listed below:
- Silgan Containers LLC
- Ardagh Group
- DS Containers
- Trivium Packaging
- Crown Holdings, Inc.
- Pacific Can China Holdings Limited
- Nampak Ltd.
Apart from this many new players are entering in to the two piece metal containers Market for significant revenue generation
Two Piece Metal Containers Market: Recent Development and Trends
- To fulfill the increasing demand of two piece metal containers among end-users, Silgan Containers LLC increased its production capacity. The company is manufacturing nearly 15 billion metal food containers especially two piece metal containers.
- Crown Holdings, Inc. enhanced its annual production capacity of two piece aluminium cans for beverages packaging. The company is manufacturing nearly 1 billion two piece aluminium cans per year.
- Ardagh Group manufactures nearly 75% aluminium beverages cans which ensures freshness of the beverages.
The two piece metal containers market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2014 - 2018
- Market Size & Forecast 2019 to 2029
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
Two Piece Metal Containers Market: Segmentation
The global market of two piece metal containers has been categorized on the basis of product type, material, technology, application, and end as follows:
On the basis of product type, the global two piece metal containers market has been segmented as:
- Trays and platters
On the basis of material, the global two piece metal containers market has been segmented as:
On the basis of technology, the global two piece metal containers market has been segmented as:
- Draw-redraw process
- Drawn and wall ironed process
On the basis of application, the global two piece metal containers market has been segmented as:
On the basis of end-use, the global two piece metal containers market has been segmented as:
- Medical and Pharmaceutical
- Food and beverages