Insights on the Global Aluminum Foil Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio
Technavio has been monitoring the aluminum foil market and it is poised to grow by 1.51 million tons during 2020-2024, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
At what CAGR is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of almost 5%, the market growth will accelerate during the forecast period of 2020-2024.
What is the key factor driving the market?
Increased use of packaged food products is one of the key factors driving market growth.
Who are the top players in the market?
Alcoa Corp., Amcor Plc, Ardagh Group SA, Carcano Antonio Spa, Constellium SE, Hindalco Industries Ltd., Norsk Hydro ASA, Reynolds Group Holdings Ltd., Tetra Laval International SA, and United Company Rusal Plc. are some of the major market participants.
Which region is expected to hold the highest market share in the market?
APAC
What is the major trend of the market?
Concerns regarding the use of plastic packaging products is a major growth factor for the market.
What is the year-over-year growth rate of the global market?
The year-over year growth rate for 2020 is estimated at 3.88%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alcoa Corp., Amcor Plc, Ardagh Group SA, Carcano Antonio Spa, Constellium SE, Hindalco Industries Ltd., Norsk Hydro ASA, Reynolds Group Holdings Ltd., Tetra Laval International SA, and United Company Rusal Plc are some of the major market participants. The increased use of packaged food products will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our aluminum foil market report covers the following areas:
Aluminum Foil Market size
Aluminum Foil Market trends
Aluminum Foil Market analysis
This study identifies concerns regarding the use of plastic packaging products as one of the prime reasons driving the aluminum foil market growth during the next few years.
Aluminum Foil Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the aluminum foil market, including some of the vendors such as Alcoa Corp., Amcor Plc, Ardagh Group SA, Carcano Antonio Spa, Constellium SE, Hindalco Industries Ltd., Norsk Hydro ASA, Reynolds Group Holdings Ltd., Tetra Laval International SA, and United Company Rusal Plc. Backed with competitive intelligence and benchmarking, our research reports on the aluminum foil market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist aluminum foil market growth during the next five years
Estimation of the aluminum foil market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the aluminum foil market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of aluminum foil market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five force summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application
Food and beverage packaging - Market size and forecast 2019-2024
Consumer packaging - Market size and forecast 2019-2024
Pharmaceutical packaging - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Alcoa Corp.
Amcor Plc
Ardagh Group SA
Carcano Antonio Spa
Constellium SE
Hindalco Industries Ltd.
Norsk Hydro ASA
Reynolds Group Holdings Ltd.
Tetra Laval International SA
United Company Rusal Plc
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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