Global Aluminum Foil Packaging Market 2020-2024

Global Aluminum Foil Packaging Market 2020-2024

Technavio has been monitoring the aluminum foil packaging market and it is poised to grow by USD 2.64 bn during 2020-2024, progressing at a CAGR of 5% during the forecast period. Our reports on the aluminum foil packaging market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing global commercial foodservice market and the growing global flexible lid stock packaging market. In addition, the growing global commercial foodservice market is anticipated to boost the growth of the market as well.

The aluminum foil packaging market analysis includes the end-user segment and geographical landscapes.

Technavio's aluminum foil packaging market is segmented as below:

By End-user

• Food and beverage
• Pharmaceutical
• Others

By Geographical Landscapes

• North America
• APAC
• Europe
• MEA
• South America

This study identifies rising demand from the pharmaceutical blister packaging market in the US as one of the prime reasons driving the aluminum foil packaging market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the aluminum foil packaging market covers the following areas:

• Aluminum foil packaging market sizing
• Aluminum foil packaging market forecast
• Aluminum foil packaging market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aluminum foil packaging market vendors that include ACG, Aikou Packaging Co. Ltd., Alcoa Corp., Alibérico SLU, Amcor Plc, Hindalco Industries Ltd., Hulamin Ltd., Plus Pack AS, Tekni-Plex Inc., and United Company Rusal Plc. Also, the aluminum foil packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.