Aluminum Foil Packaging Market Size, Future Growth, Demand, Forecast Scope And Outlook 2023-2033

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Report ID: 4477 | Published On: Oct 19, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

In The News

Amcor Limited unveils the DairySeal, a more supportable packaging line for ready-to-drink dairy products featuring ClearCor which is advanced polyethylene terephthalate (PET). The technology used to develop this packaging solution can maintain freshness and taste.
Ardagh Group S.A. to receive World Beverage Innovation Award along with Ardagh Packaging. The Award has been given at drintec exhibition for Best Metal Design, H!GHEND which is a technology to offer high-quality decoration on shell surface.

Global Aluminum Foil Packaging Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Key Questions Answered in the Report

1) What are the major factors driving the growth of the aluminum foil packaging market?

Ans: Growing production and consumption of coffee and tea is estimated to majorly boost the market growth.

2) What would be the CAGR of aluminum foil packaging market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the aluminum foil packaging market growth?

Ans: Requirement for higher initial investment is estimated to challenge the market growth.

4) Which region will provide more business opportunities for growth of aluminum foil packaging market in future?

Ans: The market in Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the aluminum foil packaging market?

Ans: The major players in the market are Handi-foil Corporation, Novelis Deutschland GmbH, Aleris International, Inc., Flexifoil Packaging Pvt. Ltd., Reynold India Private Limited, Amcor Limited, Ardagh Group S.A. and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the aluminum foil packaging market?

Ans: The market is segmented by product, packaging type, end-user industry, and by region.

8) Which segment captures the largest market size in end-user industry in the aluminum foil packaging market?

Ans: The food & beverage segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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