Aluminum Foil Packaging Market Analysis
Aluminum foil is an important material in laminates and has wide applications in food packaging. Its function against the resettling of moisture, oxygen, and other gases, as well as against the impact of light is generally higher than any plastic laminate material. This market has experienced a good surge in its demand attributable to the growth of pharmaceutical and food & beverage industries. Aluminum is available in abundant quantity on the Earth and is completely recyclable. The rising demand for food and beverages from online food channels and from the pharmaceutical sector has driven the growth of this sector to a large extent. The versatile nature of aluminum makes it an ideal material for packaging applications. Some of the properties exhibited by aluminum foil includes strength, lightweight, portable, and flexible, which allows to mold it into the required shape. It also protects the product from moisture and sunlight, which secures the final product from spoilage. The aluminum foil packaging market has shown a huge growth in recent years and is expected to grow during the forecast period.
COVID-19 Impact analysis
- Amid the COVID-19 crisis, the aluminum foil packaging market has experienced a significants growth opportunities attributing to increase in demand from pharmaceutical products and ready-to-eat food.
- Due to usage of e-commerce platforms and online food delivery applications, the growth of the aluminum foil packaging market has surged at the global level.
- Still the supply chain of aluminum foil packaging market was disrupted due to the nation-wide lockdowns imposed due to outbreak of covid-19. This led to a decrease in revenue collection.
Top Impacting Factors
The fast-paced lifestyle, ease of ordering through online platforms and the freedom to choose from various restaurants are the significant factors expected to drive the segment in the near future. The food, tobacco, cosmetics and pharmaceuticals industries are expected to be major drivers of the market during the forecast period. Furthermore, the market is expected to face resistance from the alternative packaging materials like glass, paperboard, pulp, plastic and others. Moreover, the new destructive mining procedures required for production of metal creating negative impact on environment do not let the metal recover from recycling during production. Hence, the aluminum foil packaging market is expected to witness aversion during the forecast years.
Market Trends
- New product launch
- The alternative products used for packaging like paperboard, glass, pulp, plastic are preferred by many organizations in order to save cost or to provide luxury packing.
- Increase in the tobacco industry is expected to boost the acquisition of aluminum foil during the forecast period. Statistics released by the British American Tobacco estimated that around 5,600 billion cigarettes are consumed each year worldwide. Thus, it is expected to drive the market in the near future.
- July 2018- Nicholl Food Packaging Ltd. made a unique skin pack aluminum poultry tray and film combination, the first of its kind in the aluminum foil packaging market. The innovation is aimed at poultry processors. The product combines the convenience of a chicken-shaped aluminum foil tray and shelf-life extension to decrease the potential for food waste.
- Despite the suitability of aluminum foil packaging and other desired features, it is reflected unsafe, because aluminum can react with food when it comes into contact with the foil, as it is not fully inert. Most people heat traditional foil-wrapped food even though it cannot be used in microwave and ovens.
Key Benefits of the Report
- This study presents the analytical depiction of the aluminum foil packaging industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aluminum foil packaging market share.
- The current market is quantitatively analyzed to highlight the aluminum foil packaging market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed aluminum foil packaging market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the aluminum foil packaging report
- Who are the leading market players active in the aluminum foil packaging market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- Upcoming Report specific FAQs.
- What is "aluminum foil packaging"?
- What does "aluminum foil packaging" allow organizations to achieve?
- Which technologies combine to make "aluminum foil packaging" a critical organizational asset?
- What is "aluminum foil packaging" Market prediction in the future?
- Who are the leading global players in the "aluminum foil packaging" market?
- What are the current trends and predicted trends?
- Upcoming Report specific FAQs.
Aluminum Foil Packaging Market Report Highlights
| Aspects | Details |
 By Type |
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 By End User |
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 By Region |
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 Key Market Players | Hulamin Ltd., Tetra Pak, Flexifoil Packaging Pvt. Ltd., ACM Carcano,, Handi-Foil Corp., Amcor plc,, Revere Packaging LLC, Aleris International Inc., Ardagh Group S.A., All Foils, Inc., Assan Aluminyum, Reynolds Food Packaging LLC, Novelis Inc. |
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