DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/qdp8r2/metal_packaging) has announced the addition of the "Metal Packaging Market by Type, Raw Material, & by Application - Trends and Forecast to 2020" report to their offering.
The global market is projected to be valued at $135.69 billion by 2020. The Asia-Pacific region is projected to grow at the highest CAGR of 4.4% during the review period, that is, from 2015 to 2020.
The metal packaging market has been growing in accordance with the construction industry. With increasing urbanized population, increasing consumption pattern of canned food, developing economics, increase in the usage of recycled material in the manufacturing process, and significantly increased demand for packaged food are the main aspects which would drive this market.
Increasing urbanization, demand of packaged food and aerosol products, consumption of canned food, and recycling rate are propelling the growth of this market . The competition from paper and plastic packaging poses a challenge to the metal packaging market.
The food segment is projected to grow at the highest CAGR of 4.0% from 2015 to 2020. The metal packaging market was dominated by steel material segments, which accounted for 68% of the total market in 2014.
The global market is marked with intense competition due to the presence of a large number of both big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market.
The key players in this market are Alcoa Incorporated (U.S.), Amcor Limited (Australia), Ardagh Group (Europe), Ball Corporation (U.S.), CPMC (China), Crown Holdings (Europe), Greif Incorporated (U.S.), Silgan Holdings (Connecticut, U.S.), Rexam Plc (U.K.), and Ton Yi Industrial (China).
The growth of this market is primarily driven by the following:
- Increasing urbanized population
- Developing economies and GDP
- Increasing consumption of canned food
- Rising demand of packaged food
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Metal Packaging Market,By Type
8 Metal Packaging Market, By Material
9 Metal Packaging Market, By Application
10 Metal Packaging, By Region
11 Competitive Landscape
12 Company Profiles
- Alcoa Incorporated (U.S.)
- Amcor Limited (Australia)
- Ardagh Group (Europe)
- Ball Corporation (U.S.)
- CPMC (China)
- Crown Holdings (Europe)
- Greif Incorporated (U.S.)
- Rexam Plc (U.K.)
- Silgan Holdings (Connecticut (U.S.)
- Ton Yi Industrial (China).
For more information visit http://www.researchandmarkets.com/research/qdp8r2/metal_packaging