Global Aluminium Foil Packaging Market Analysis, Trends, Forecast up to 2023
The aluminium foil roll is resistant to water and many chemical components. Combining materials with the foil makes it opaque and therefore, protects sensitive products from light exposure. The foil also has various benefits, such as being a good oxygen barrier, fine forming properties, and the fact that it can maintain the freshness of the product for a long period. Aluminium is highly attractive and an effective packaging material.
Get the Full Report at:
Aluminium foil packaging can be used to hold, protect, decorate, or dispense a wide range of materials. It is available in thickness ranging from 6 to 200 microns. Its unique properties facilitate its usage for storage, distribution, and marketing of many consumer and industrial products. There are different variants of aluminium foils available in the market such as plain, laminated, lacquered, and printed. Food, beverages, healthcare, and tobacco are the major end markets of the aluminium foil industry. The aluminium foil packaging market is expected to witness a steady stable growth over the forecast period. Increase in both, demand and consumption of consumer goods is expected to drive growth of the market for aluminium foil packaging in the emerging economies. China is expectedAluminium foil packaging Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2023 to account for nearly half of the overall market share in the coming years. The global aluminium foil packaging market is expected to expand within a range of low to moderate CAGR in the coming years.
Projected increase in the demand and consumption of consumer goods in emerging countries, such as China, is expected to drive growth of the aluminium foil packaging market over the forecast period. Rise in the disposable income in developing countries is also favoring growth of the market currently. As the transition from fresh foods to packaged foods is recent, awareness about aluminium foil packaging in the emerging countries across the globe is still very less, which clearly showcases the growth potential that the market has in such countries. Less production and volatility in raw material prices is the major factor expected to restrain growth of the aluminium foil packaging market over the coming years.
The aluminium foil packaging market is segmented based on type and application. By type, the global aluminium foil packaging market is segmented as plain, laminated, lacquered, and printed. Based on application, the market is segmented into food and beverage packing, pharmaceutical use, technical use, container foil, household foil, heat exchangers, and strip and foils for tubes.
Based on geography, the aluminium foil packaging market is segmented into seven regions, namely North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. Consumption and demand for aluminium foils has been observed to be the highest in China. Currently, food & beverage and construction industries are the biggest end users of aluminium foil packaging in China. Meanwhile, the market for aluminium foil packaging in North America and Asia is steadily growing.
Get the Sample Report at:
Some of the key players in the global aluminium foil packaging market are Amcor Ltd., Novelis Inc., Coppice Alupack Ltd., Ardagh Group, Comital Group, Danpack International B.V., Toyo Aluminium Ecko Products, Co., Ltd., Novelis Eurofill Ltd., Flexifoil Packaging Pvt. Ltd., and Alcoa Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453