Aluminum foils are produced by continuous casting and cold rolling of aluminum sheets. They are prepared in thin metal leaves and can be used to wrap around any product for packaging. They act as a major barrier to bacteria, oxygen, and moisture. These are used in the pharmaceutical and food and beverage sectors.
On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Aluminum Foil Packaging market projected to grow at a CAGR of 3.69% during the period 2017-2021.
Aluminum Foil Packaging Market Drivers, Challenges and Trends:
Market Driver: – Growing demand for convenient packaging will be a key driver for market growth. the need for ease of consumption and handling by consumers continues to drive the market for aluminum foil packaging. consumers are inclined to choose packaging that is convenient, regardless of the price. they want packaging that keep the products fresh and tasty as long as possible. these growing demands by consumer have driven the market for aluminum foil packaging. like all aluminum packaging, foil provides an excellent barrier to moisture, air, odors, light, and microorganisms. it is inert to acidic foods and does not require lacquer or other protection, which prevents food from deteriorating and avoids contamination.
Market Challenge: – Aluminum foil packaging is a part of the flexible packaging and share of aluminum packaging accounts for 9% of the total market, implying vendors use alternative packaging materials like plastic, wood glass, and paper. alternative forms of packaging such as plastic, wood, glass, and rigid product substitutes are posing a major challenge in the market. paper is increasingly becoming popular because of its lightweight and biodegradable nature. in industrial applications, wood is mainly used because of its chemically inert and heat-resistive properties.
Market trend: – The trend in food packaging films is toward high-performance film structures that are less permeable to increase shelf life and enhance flavors. Growth is occurring from the transition of items packaged in rigid containers to high-quality flexible packages. Non-food packaging applications are industrial and agricultural
Aluminum foil packaging market by end user:- Aluminum foil packaging market by pharmaceutical industry, Aluminum foil packaging market by food and beverage industry, Aluminum foil packaging by cosmetic industry, aluminum foil packaging market by other end-users
Geographic Segmentation: – APAC, Europe, North America, ROW
To calculate the Aluminum Foil Packaging market size the report considers he vendor landscape and a corresponding detailed profiling of the key market participants across the value chain of global aluminum foil packaging market. The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in Aluminum Foil Packaging market like Amcor, Alcoa, and Novelis.