Aluminum Foil Packaging Market - Roadmap for Recovery from COVID-19 | Growing Global Commercial Foodservice Market to boost the Market Growth | Technavio

Technavio has been monitoring the aluminum foil packaging market and it is poised to grow by USD 2.64 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Aluminum Foil Packaging Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• Based on segmentation by end-user, which is the leading segment in the market?

• The food and beverage segment is expected to be the leading segment in the global market during the forecast period.

• What are the major trends in the market?

• Rising demand from the pharmaceutical blister packaging market in US is one of the major trends in the market.

• At what rate is the market projected to grow?

• Growing at a CAGR of almost 5%, the incremental growth of the market is anticipated to be USD 2.64 billion.

• Who are the top players in the market?

• 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. are some of the major market participants.

• What are the key market drivers and challenges?

• Growing global commercial foodservice market is one of the major factors driving the market. However, the fluctuating prices of aluminum restraints the market growth.

• How big is the North America market?

• The North America region will contribute 32% of market growth.
  

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 are some of the major market participants. The growing global commercial foodservice market will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Aluminum Foil Packaging Market 2020-2024: Segmentation

Aluminum Foil Packaging Market is segmented as below:

• End-user
  • Food and Beverage
  • Pharmaceutical
  • Others
• Geography
  • North America
  • APAC
  • Europe
  • MEA
  • South America

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Aluminum Foil Packaging Market 2020-2024: Scope

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

• Aluminum Foil Packaging Market Size
• Aluminum Foil Packaging Market Trends
• Aluminum Foil Packaging Market Analysis

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

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Aluminum Foil Packaging Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist aluminum foil packaging market growth during the next five years
• Estimation of the aluminum foil packaging market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the aluminum foil packaging market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aluminum foil packaging market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Food and beverage - Market size and forecast 2019-2024
• Pharmaceutical - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ACG
• Aikou Packaging Co. Ltd.
• Alcoa Corp.
• Alibérico SLU
• Amcor Plc
• Hindalco Industries Ltd.
• Hulamin Ltd.
• Plus Pack AS
• Tekni-Plex Inc.
• United Company Rusal Plc

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200928005470/en/