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Overview of the global aluminum foil packaging market in food and beverages industry
Technavio’s market study identifies the growing demand for cost-efficient packaging solutions to be one of the primary growth factors for the aluminum foil packaging market in food and beverages industry. Consumers are demanding for convenient packaging solutions that are flexible and enable easy storage, handling, transportation, and use. Aluminum foil packaging products such as zipper pouches, microwavable pouches, and spout pouches, aids in easy handling and enhance the usage of packaged products. Truckload of standard 200-ml. aluminum pouches for packaging beverage products consumes less space in comparison to truckload of 200-ml. glass packages. The usage of aluminum pouches increases the cost efficiency in the food and beverage products supply chain. Our market analysts estimate that the market will grow steadily at a CAGR of almost 6% by 2022.
The increasing adoption of pouch packaging will drive the growth of the aluminum foil packaging market in food and beverage industry. Flexible packaging solutions offer advantages such as ease of storage, handling, transportation, and use, driving the demand for pouch packaging solutions. Owing to the changing lifestyles and changing consumer preferences and features such as lightweight and high printability increases the demand for pouch packaging solutions.
Companies covered.
The aluminium foil packaging market in food and beverages industry is characterized by numerous vendors. This market report provides information about the competitive market consisting of the wide product offerings of the key vendors. Morever, the report also provides an information about the key focus areas and the strategies adopted by aluminum foil manufacturers to improve their revenue shares in the aluminum foil packaging market in food and beverages industry.
Some of the companies covered in this report are –
- Amcor
- Hindalco
- Mondi
- Reynolds Group Holdings
- RUSAL
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Geographical segmentation and analysis of the aluminum foil packaging market in food and beverages industry
Our market analysts estimate that the Americas will be the major revenue contributor to the aluminum packaging for food market throughout the forecast period. Consumers in this region are extensively demanding for convenient and flexible packaging solutions such as aluminum foil containers. Also, the growing demand for recyclable and reusable packaging solutions will supplement the growth of the aluminum foil packaging market in food and beverage industry in this region.
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Key questions answered in the report include
- What will the market size and the growth rate be of global the aluminum foil packaging market in food and beverages industry in 2022?
- What are the key factors driving the global aluminum foil packaging market in food and beverages industry?
- What are the key market trends impacting the growth of the global aluminum foil packaging market in food and beverages industry?
- What are the challenges to market growth?
- Who are the key vendors in the global aluminum foil packaging market in food and beverages industry?
- What are the market opportunities and threats faced by the vendors in the global aluminum foil packaging market in food and beverages industry?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global aluminum foil packaging market in food and beverages industry?