Albany, NY -- (SBWire) -- 08/11/2016 --About Packaging
Packaging refers to the technology of enclosing a product for the purpose of storage, distribution, sale, and use. Light metal (aluminum, magnesium, and titanium) packaging is an essential constituent for industrial products, such as adhesives, coatings, inks, and paints. During the entire product life cycle, it withstands the chemical formulations of the products and guards them from external damaged caused by exposure to light, air, and humidity. It is the preferred material because it is lightweight, durable, and versatile in nature. Due to its composition, light metal packaging provides resistance to temperature changes and allows products to be stored for extensive periods of time. The demand for light metal packaging is being further enhanced through the use of new technologies for shaping, embossing, and decorative finishes, which provide visual appeal to exploit shelf impact, along with improvements in functionality, which augments consumer convenience.
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Technavios analysts forecast the Global Light Metal Packaging Market to grow at a CAGR of 2.28% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global light metal packaging market for 2016-2020. To calculate the market size, in terms of revenue the report considers the sale of light metal packaging product for the different end-use application.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
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Technavio's report, Global Light Metal Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Ardagh Packaging Holdings
Ball
Crown Holdings
Greif
Rexam
Other prominent vendors
Alcoa
BWAY
Can-Pack
Can-Pack
Huber packaging
Kian Joo
Silgan
Sonoco
Toyo Seikan Kaisha
Market driver
Growing popularity of packaged foods and beverages
For a full, detailed list, view our report
Market challenge
Competition from flexible packaging products
For a full, detailed list, view our report
Market trend
Preference for aesthetically appealing products
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Global Light Metal Packaging Market to Grow at a CAGR of 2.28% During the Period 2016-2020
"The Report Global Light Metal Packaging Market 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"