Global Light Metal Packaging Market to grow at a CAGR of 2.28% during Forecast period 2016-2020

Albany, NY, Jan 05: 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.

The global light metal packaging market to grow at a CAGR of 2.28% during the period 2016-2020. 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

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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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