iCrowdNewswire Feb 25, 2021 7:28 AM ET
The recent study by Fact.MR on the Aluminium foil packaging market offers 10-year forecast from 2020-2030. The study analyzes crucial trends that are currently determining the growth of the Aluminium foil packaging market. This report explicates on vital dynamics, such as drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of Aluminium foil packaging. The study also provides dynamics that are expected to influence the future status of the Aluminium foil packaging market over the forecast period.
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Key Takeaways of Global Aluminum Foil Packaging Market Study
- The global aluminum foil packaging market is expected to create a value opportunity of around US$ 20 Bn during the forecast period, adding 2.0X more value in 2030 as compared to 2020.
- Paper-based aluminum foil packaging segment will continue to dominate demand for aluminium foil packaging market accounting for more than one-fourth of the global share.
- Standard aluminium foil (99.5-99.9%) purity level, shall grow at a higher growth rate, facilitated by its moisture and sunlight resistant properties.
- The global market for aluminum foil packaging is expected to witness soaring popularity in emerging countries such as India, China and Brazil owing to the increasing demand for packaged as well as ready-to eat food and tobacco products.
- North America is estimated to be the most lucrative market in terms of revenue generation, currently valued at US$ 3 Bn and is expected to show prolific expansion over the forecast period.
- Aluminium foil packaging used in cosmetic and pharmaceutical industry shall continue dominance in the market, accounting for more than one-third of the market share, with growth rate of 4% over the forecast period.
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Key Questiones Covered in the Report
- Which sectors are expected to lead the application areas of the Aluminum Foil Packaging Market?
- What is the competition in the Aluminum Foil Packaging Market?
- What factors are stimulating the escalation of the market share in the aluminum foil packaging market?
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