Global aluminum foil market 2017-2021
According to a new report by Technavio, the global aluminum foil market is predicted to grow at a CAGR of more than 5% during the forecast period 2017-2021. The three market drivers identified that are contributing to the growth of the market are the disadvantages of plastic packaging, the growth in the global pharmaceutical market and the growing demand for flexible packaging in the food industry.
The rate and occurrence of infections is increasing year-over-year. Increase in occurrence of diseases will fuel the demand for drugs and this factor is expected to drive the global aluminum foil market for pharmaceutical packaging (Press Release Technavio, 27 December 2017).
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