The global aluminium foil packaging market is forecast to grow at a CAGR of 3.69% by volume during the period 2016-2020.
According to the report, growing demand for convenient packaging will be a key driver for market growth. The need for ease of consumption and handling by consumers continues to drive the market for aluminum foil packaging. Consumers are inclined to choose packaging that is convenient, regardless of the price.
They want packaging that keep the products fresh and tasty as long as possible. These growing demands by consumer have driven the market for aluminum foil packaging. Like all aluminum packaging, foil provides an excellent barrier to moisture, air, odors, light, and microorganisms. It is inert to acidic foods and does not require lacquer or other protection, which prevents food from deteriorating and avoids contamination.
Further, the report states that aluminum foil packaging is a part of the flexible packaging and share of aluminum packaging accounts for 9% of the total market, implying vendors use alternative packaging materials like plastic, wood glass, and paper.
Alternative forms of packaging such as plastic, wood, glass, and rigid product substitutes are posing a major challenge in the market. Paper is increasingly becoming popular because of its lightweight and biodegradable nature. In industrial applications, wood is mainly used because of its chemically inert and heat-resistive properties.
- 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?
- ACM Carcano
- Assan Aluminum
- Alibérico Packaging
- Companhia Brasileira de Aluminio
- Jasch Foils
PART 01: Executive summary
PART 02: Introduction
PART 03: Market research methodology
PART 04: Introduction
PART 05: Scope of the report
PART 06: Market landscape
PART 07: Market segmentation
PART 08: Geographical segmentation
PART 09: Key drivers
PART 10: Impact of drivers
PART 11: Key challenges
PART 12: Impact of drivers and challenges
PART 13: Key trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/rqxpp3/global_aluminum
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SOURCE Research and Markets