Globally, the revenue generated by the aluminium foil containers market has been estimated to be around US$3,092.0 Mn in 2019 and is expected to increase at a CAGR of 5.4% in terms of value throughout the forecast period.
Irrespective of the positive synopsis, the growing number of players in the aluminium foil containers manufacturing business and the volatility in raw material prices are likely to hamper the profit margins. Maintaining a long-term relationship with raw material suppliers, distributors, and retailers is essential in any business. Thus, manufacturers need to channelize their efforts towards it.
The increasing number of domestic players in the aluminium foil containers market and capacity expansion of existing players leads to a reduction in pricing, which ultimately shrinks the net profit of aluminium foil containers manufacturers. These factors are likely to hinder the growth of the global aluminium foil containers market during the forecast period.
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COVID-19 Impact Analysis on Aluminium Foil Containers Market :
The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Aluminium Foil Containers market is no exception. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Aluminium Foil Containers market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Aluminium Foil Containers market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Aluminium Foil Containers Market: Segmentation
Valuable information covered in the FMI’s Aluminium Foil Containers market report has been segregated into key segments and sub-segments.
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Key Segments Covered in the Global Aluminium Foil Containers Market-
Up to 50 ml
50 ml to 200 ml
200 ml to 400 ml
By Product Type:
By Aluminium Foil Type:
Standard Duty Foil
Heavy Duty Foil
By End Use:
Bakery & Confectionery
Aluminium Foil Containers Market: Competition Analysis-
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Aluminium Foil Containers market. Competitive information detailed in the Aluminium Foil Containers market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Aluminium Foil Containers market report.
Key players covered in the report include:
Novelis Inc., Pactiv LLC, Trinidad Benham Corporation, Hulamin Containers Ltd., D & W Fine Pack, Penny Plate, LLC, Handi-foil of America, Inc., Revere Packaging, Inc., Nicholl Food Packaging Limited, Contital srL, Nagreeka Indcon Products Pvt. Ltd., Laminazione Sottile S.p.A., Eramco, i2r Packaging Solutions Limited, Wyda Packaging (Pty) Ltd., Alufoil Products Pvt. Ltd , Durable Packaging International, Prestige Packing Industry, Shanghai Metal Corporation, and Manaksia Ltd.
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Important Questions Answered in the Aluminium Foil Containers Market Report:
Which end user remains the top revenue contributor in different regional markets?
At what rate has the global Aluminium Foil Containers market been expanding during the forecast period?
How will the global Aluminium Foil Containers market look like by the end of the forecast period?
What innovative strategies are adopted by Aluminium Foil Containers market players to stay ahead of the pack?
What are the restraints affecting the growth of the global Aluminium Foil Containers market?
Key Offerings of the Report:
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Aluminium Foil Containers market
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