Industry Analysis & Industry Trends
Light metal containers are commonly used to pack beverages and food. Consumers' preference for convenient impulse purchases has been promoting growth in packaging markets. Packaging is used to protect, preserve and distribute goods while giving brand owners an opportunity to promote their products. Light metal packaging is particularly dominant in beverage markets where volumes are very high. Manufacturers of light metal packaging compete with alternative packaging made from plastic and glass, and must innovate continually to lower their costs and minimise the environmental footprint of their products. This is normally achieved by using fewer harmful materials, recycling more and reducing waste... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Industry revenue is expected to remain relatively flat in the decade through 2021-22 because price is a major competitive factor in this industry, and competitive factors will act to drive down prices. As the industry has developed, large-scale facilities with low production costs per unit have become the norm. Manufacturing facilities tend to focus on producing a limited range of very similar products to get the most out of economies of scale and scope. IBISWorld estimates that industry value added will increase at a compound annual rate of 0.1%, while UK GDP is projected to grow at a compound annual rate of 2.3% over the decade through 2021-22.
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