An increase in the demand for packed food across the globe is fueling the market for aluminum foil packaging
- Himanshu Patni
- November 19, 2022
- Aluminum Foil Packaging Market, Aluminum Foil Packaging Market Growth, Aluminum Foil Packaging Market Share, Aluminum Foil Packaging Market Size, Aluminum Foil Packaging Market Trends
- 0 Comments
The global Aluminum Foil Packaging Market is likely to showcase a growth of around 4% during the forecast period. The growing demand for packed food & beverages and increasingly affluent population and growing disposable income is rising the demand for aluminum foil packaging.
Aluminum foil is a common component of composites and has a variety of uses in food packaging. It has better resistance to oxygen and moisture than any of the plastic composite materials. Aluminum is an excellent material for packaging because of its versatility. Besides this, the aluminum foil has a number of characteristics including strength, flexibility, and portability, which allows it to be molded into the desired shape. Owing to these properties there is a growing demand from pharmaceuticals and food & beverages industries, due to this the aluminum foil packaging market has seen significant growth. Also, the food and beverages demand from online food retailers and drug companies have fuelled the expansion of the market to a considerable extent. It also shields the product from moisture and sunlight, preventing deterioration.
For a detailed analysis of the aluminum foil packaging market, drivers browse through – https://univdatos.com/report/aluminum-foil-packaging-market/
Further, the government rules for food quality and safety standards encourage market players to produce effective packaging solutions that avoid contamination of food, which aids the expansion of the aluminum foil packaging market. Further, to manufacture lightweight packaging containers, aluminum foil packaging is increasingly being used with flexible materials. Additionally, strong economic expansion, combined with an increasingly affluent population and growing disposable income, would accelerate the growth of the global aluminum foil packaging market. Also, there is a shift in lifestyle, which includes a shift in eating habits, which has resulted in an increase in packaged food demand. Also, the strong demand for aluminum foil packaging in the snack and confectionary industries is boosting the global market for aluminum foil packaging.
Based on packaging type, the market is categorized into rigid packaging, semi-rigid packaging, and flexible packaging. Among these, semi-rigid packaging has a prominent share in the market. Semi-rigid packaging combines the benefits of rigid packaging with some of the advantages of flexible packaging. With the ability to easily peel the lid of a container, semi-rigid packaging is used to protect and deliver a myriad of products including pharmaceuticals, food and beverages, and others.
Based on application, the market is categorized into foil wraps, pouches, blisters, containers, and others. Among these, foil wraps held a prominent position in the aluminum foil packaging market. Foil wraps are flexible and can be easily bent folded or wrapped around objects. Thereby, they are used as one of the layers in snack pouches, liquid cartons, candy wraps, confectionery wraps, and pharmaceutical pouches or bags.
Request for a sample of the report browse through – https://univdatos.com/get-a-free-sample-form-php/?product_id=22753
For a better understanding of the market adoption of aluminum foil packaging, the market is analyzed on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific held a considerable share in the market and demand is expected to increase during the foreseeable future. This is attributed due to the strong economic expansion, combined with an increasingly affluent population and growing disposable income, which would accelerate the growth of the regional aluminum foil packaging market. Moreover, the rise in the demand for better quality packaging for pharmaceutical products is increasing the demand for aluminum foil packaging in the region.
Global Aluminum Foil Packaging Segmentation
Market Insight, by Packaging Type
• Rigid Packaging
• Semi-rigid Packaging
• Flexible Packaging
Market Insight, by Application
- Foil Wraps
Market Insight, by End-User
- Food and Beverages
Market Insight, by Region
- North America Aluminum Foil Packaging Market
- United States
- Rest of North America
- Europe Aluminum Foil Packaging Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Aluminum Foil Packaging Market
- Rest of Asia-Pacific
- Rest of World Aluminum Foil Packaging Market
• Amcor Group GmbH
• Novelis Inc.
• Carcano Antonio S.p.A
• Assan Alüminyum Sanayi ve Ticaret A.Ş.
• Hulamin Limited
• Ardagh Group
• Clifton Packaging Group Ltd.
• Revere Packaging LLC
• Eurofoil Luxembourg S.A.
• Zhangjiagang Goldshine Aluminum Co. Ltd.