According to Technavio’s recent market research analysis, the global aluminum market for packaging industry is anticipated to grow at a CAGR of more than 3% during the forecast period 2017 to 2021.
This study by Technavio offers an exhaustive analysis of the global aluminum market for the packaging industry in terms of revenue and developing market trends. The report also includes a current analysis and forecasts for various market sections and all geographical regions.
Technavio research analysts categorize the market based on the product type
Click here to request a free sample of this report
The top two revenue contributing product segments are discussed below
Global aluminum foils market for packaging: The recyclability and sustainability of aluminum will increase the demand for this form of packaging in the global market. The various use of aluminum foils includes applications such as aseptic packaging and pharmaceutical packaging. The convenience of easy sterilization and its resistance to microorganisms makes it the most popular choice of packaging solution in the global market.
“Aluminum foils are used for refrigeration and heating purposes as it can easily cool down and heat up and can withstand both the temperatures. The various types of foils available in the market are containers, household, lidding, finstock, pharma, converters, and cable foils. The availability of various kind of foils to different consumer requirements will fuel the growth of the market over the next few years,” says Ajay Adhikari, a lead analyst at Technavio for research on metals and minerals.
Global aluminum sheets market for packaging: The extensive use of aluminum sheets for packaging applications such as cans will drive the growth of this market segment. These products are eco-friendly and recyclable containers that help in increasing the demand for these materials in the market. These cans protect the taste while restraining the other elemental negative impacts, thus making it the most preferred material for cans across the world.
Ask an analyst to know more about this report
The top vendors operating in the global aluminum market for packaging industry are:
- Alcoa
- GARMCO
- Hindalco
- Norsk Hydro
- RUSAL
Other prominent vendors in the market include Ess Dee Aluminium, Constellium, Aleris, Tajik Aluminium (TALCO), Logan Aluminum, and Hulamin.
A complete breakdown is available in the Technavio report titled, ‘Global Aluminum Market for Packaging Industry 2017-2021’. Technavio also customizes reports by additional regions and specific sections upon request.
Other related reports
- Global ESD Packaging Market 2017-2021
- Global Aluminum Pigment Market 2017-2021
- Global Light Metal Packaging Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
