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. 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 expected 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.
Get Free Sample
Report Copy :
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.
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.
About Us :
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.
No comments:
Post a Comment