The global aluminum foil packaging market is anticipated to grow significantly at a CAGR of 3.2% over the forecast period (2024-2031). Rising environmental concerns among the people along with the rising awareness of the people to use environmental-friendly and economical packaging products; are also among the major factors that contribute to the substantial growth of the market during the forecast period. Further, stringent laws that have been passed by various administrative bodies to combat the harm caused by waste disposal on the environment have created a wide scope for the market.
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Further, the key player’s contribution also aids the market growth. For instance, in April 2020, Ball Corp. announced the starting of five aluminum packaging plants with the most significant operational and social sustainability improvements. It also includes progress across the areas with the most significant sustainability impact across operations and the promotion of aluminum packaging sustainability credentials and engagement in their local communities. Hence, this is likely to contribute to the growth of the company, serve a large consumer pool as well as support the market growth during the forecast period.
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Market Coverage
- Segment Covered- By Product Type and Application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Alcoa Corp., Ball Corp., Aleris Corp., Amcor Ltd., Hindalco Industries Ltd. (Aditya Birla Group), Hulamin Ltd., JW Aluminum Co., Reynolds Group Holdings Ltd., United Company RUSAL PLC, Wyda Packaging (Pty) Ltd., and Zenith Alluminio Srl among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Aluminum Foil Packaging Market – Segmentation
By Product Type
- Foil Wrappers
- Pouches
- Trays/Containers
- Blister Packs
- Collapsible Tubes
- Other Products (Capsules)
By Application
- Food & Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Others
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