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Aluminium Foil Packaging Market Share, Size Global Manufactures, Consumption, Drivers, Top Leading Countries, Trends, Forces Analysis, Revenue, Challenges and Global Forecast to 2023
Posted on May 5 2021 9:00 AM
"Aluminium Foil Packaging Market Research Report is highly research-intensive, powered by high R&D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation with Forecast Period 2021-2023.
Global Aluminium Foil Packaging Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Aluminium Foil Packaging Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Aluminium Foil Packaging Market report offers a comprehensive view regarding the competitive landscape of the Aluminium Foil Packaging market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The aluminum foil packaging market was valued at USD 18.912 billion in 2017 and is expected to reach a value of USD 23.166 billion by 2023 at a CAGR of 3.27%, over the forecast period (2018 - 2023).
Aluminium packaging provides complete protection against moisture, light, oxygen, and bacteria. The flexibility of the aluminum to form any shape has made it the most versatile packaging material in the world. A key benefit of using aluminum in the packaging industry is that aluminum packaging materials can be 100% recycled and reused an infinite number of times. More than 60% of the aluminum used in the packaging sector is processed to foil or thin strips. Food and beverage can account for more than 20% of this production. A significant part of foil and sheets are also used in the making of flexible tubes and aerosol cans. The lightweight of the aluminum foil helps the manufacturers to transport more cans or any other aluminum packed goods at a single go. This is an eco-friendly process and saves a lot of transportation costs to the company.
Food and Beverages Industry Holds the Largest Share
Due to the high availability of substitutes in the food and beverages industry, packaging and quality of the product have always been a critical competitive factor. This is one of the primary reasons why food and beverages manufacturers invest more than 11% of the revenue on the packaging. Dry foods like aromatic herbs and spices are best preserved when packed in aluminum packaging medium. Lined cartons are the most favorable packaging method for many dry food products. Latest innovations in packing like the cylindrical design for an easy to open packaging mechanism, protective membranes under a plastic reclosable lid for repeated usage and perforated top seam for easy opening are revolutionizing aluminum foil packaging in the food industry.
The recent marketing strategies that involve promoting brands on food packages which are very common in the food products sold to children require the composition of more than one packaging material so that it is flexible for printing promotional ads. This leads to a considerable increase in the demand for aluminum foil packaging in the food industry.
Asia-Pacific to Account for the Largest Demand
Asia-Pacific region accommodates the vast population in the world. China and India, most populist countries around the globe, prevail in Asia-Pacific. China has about 4 billion households followed by India with about 2.5 billion households. Such high number of households consume a considerable amount of consumer goods ranging from toothpaste to canned food, increase the demand for aluminum foil packaging in the region. Other factors adding to the need for aluminum foil packaging in the region are urbanization in the developing countries, food exports, and aging population.
Countries like India and China are a significant hub of spices, tea and coffee products. India is the fifth largest exporter of coffee in the world. To lock the natural aroma of coffee, aluminum is the best-preferred packaging material. Ready to eat food in urban lifestyle of countries with most of their population living in the cities also increase the demand for aluminum foil packaging. It is estimated that more than 21.8% of the people living in rural areas of Asia-Pacific have an average age of 65 years. This adds up to the demand for aluminum foil packaging in the pharmaceutical industry to cater to the medical needs of these elderly population.
Key Developments in the Market
May 2017 - Amcor acquired Plasticos Team S.A.S. from Team Foods Colombia S.A., a leading food producer in Colombia. The acquisition enables Amcor to build on the companyâ€™s position in Colombia and enhances its existing capabilities and product offering in the region.
December 2017 - Novelis announced its investment of USD 4.5 million in Warren facility, which is dedicated to applying coatings to rolled aluminum sheets. It is expecting to provide versatile pretreatments and improve the productâ€™s efficiency and reduce the costs.
September 2017- Tetra Pak International invested EUR 30 million for upgrading factory in Denton production. The company is making these upgrades to support the growth of its business in the United States and Canada. The new equipment is probably to be in production by the end of 2018.
September 2017- Crown Holdings Inc. announced to build a new plant for beverage cans in Valencia, Spain for production of aluminum beverage cans. This production establishment is aimed to meet the high demand of local manufacturers in the country.
Reasons to Purchase this Report
How the growing demand in Asia-Pacific acts as a driver to the global market scenario?
Analyzing various perspectives of the market with the help of Porterâ€™s five forces analysis
Which solutions and type of aluminum foil packaging are expected to dominate the market?
Which regions are expected to witness the fastest growth during the forecast period?
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Aluminium Foil Packaging Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Aluminium Foil Packaging.
Regional Market Analysis:
The Aluminium Foil Packaging Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Aluminium Foil Packaging Market 2021-2023, 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.
- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with Aluminium Foil Packaging procedures.
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Key Attentions of Aluminium Foil Packaging Market Report:
- The report offers a comprehensive and broad perspective on the global Aluminium Foil Packaging market.
- The market statistics represented in different Aluminium Foil Packaging segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Aluminium Foil Packaging are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Aluminium Foil Packaging.
- Major stakeholders, top companies Aluminium Foil Packaging, investment feasibility and new market entrants study is offered.
- Development scope of Aluminium Foil Packaging in each market segment is covered in this report. The macro and micro-economic factors affecting the Aluminium Foil Packaging market
- Advancement is elaborated in this report. The upstream and downstream components of Aluminium Foil Packaging and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
6.2.2 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
6.2.4 South America
184.108.40.206 Rest of South America
6.2.5 Middle East & Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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