Report Code: A11578 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aluminum Foil Packaging Market
Request Now !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
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.
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Aluminum Foil Packaging Market Report Highlights
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Key Market Players | ACM Carcano,, Tetra Pak, Revere Packaging LLC, Aleris International Inc., Novelis Inc., Hulamin Ltd., All Foils, Inc., Assan Aluminyum, Amcor plc,, Reynolds Food Packaging LLC, Handi-Foil Corp., Ardagh Group S.A., Flexifoil Packaging Pvt. Ltd. |
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