DUBLIN--(BUSINESS WIRE)--The "Global Aluminum Foil Packaging Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The aluminum foil packaging market will register a CAGR of almost 5% by 2022.
Vendors are utilizing latest technological advancements to enhance the recyclability property of aluminum foil packaging. These emerging recycling techniques for aluminum foil packaging is expected to gain traction during the forecast period and thereby boost market growth.
Market Overview
Growing global commercial foodservice market
Changing lifestyle and growing working population have boosted the growth of the global commercial foodservice market. Less time for household work such as cooking has resulted in increased demand for takeaway food, ready-to-eat-food, and food from Quick Service Restaurants (QSRs). Most QSRs are expanding their businesses rapidly by operating on a franchise-based business model. This will increase the demand for aluminum foil packaging which can withstand high temperature and prevent contamination which, in turn, will drive market growth.
Fluctuating prices of aluminum
Fluctuations in the prices of aluminum increases the operating expenses for aluminum foil packaging vendors. The profitability of the aluminum foil packaging companies gets seriously affected due to this instability in the prices of aluminum. To overcome this challenge vendors are entering into long term contracts with the raw material suppliers.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Alibrico, and Amcor. Factors such as the growing global commercial foodservice market, will provide considerable growth opportunities to aluminum foil packaging companies.
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Market Segmentation By End-User
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
- Librico
- Amcor
- Hindalco Industries
- Reynolds
- RUSAL
For more information about this report visit https://www.researchandmarkets.com/research/zg7xr7/global_aluminum?w=4