Aluminium Foil Packaging Market Growth Prediction Based on Key Motivating Features during 2017-2026
The global aluminium foil packaging market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each aluminium foil packaging market player in a comprehensive way. Further, the global aluminium foil packaging market analysis report emphasizes the adoption pattern of the aluminium foil packaging across various industries.
The aluminium foil packaging market report highlights the following players:
- Aleris Corporation
- Reynolds Food Packaging Llc.
- Revere Packaging Llc.
- Nicholl Food Packaging Limited
The aluminium foil packaging market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.
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Aluminum foils are preferred for packaging across various industries like food industry and pharmaceutical industry as they provide protection against different product damaging components like moisture, micro-organisms and light. Food Industry leads the global market in terms of demand. Manufacturers are striving to develop aluminum foils suitable for packaging in pharmaceutical industry. They aim to make packaging material which is easy to operate in terms of coating and lamination. Companies are increasingly developing various forms of aluminum foil packaging like bags and containers. Certain negative attributes like ease of getting torn poses hurdle in demand growth of aluminum foils. This compels the manufacturers to develop aluminum foils that are highly durable which in turn will enhance their applicability.
Recent Fact.MR report predicts global aluminum foil packaging market to grow at 5.1% CAGR in the period 2017-2026. A volume of 10 million tons packages is estimated to be sold by the end of the year 2026. Aluminum foils are presumed to be a vital material for packaging different food products. Manufacturers are developing innovative technologies for aluminum foils. Aluminium foil containers are very popular as they are used to store different products like fruit juices and wines.
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APEJ leads global market
Rigid non-compartmental trays lead the global market in terms of demand. Reheating is one of the primary factors to drive its application. Aluminum being excellent heat conductor makes reheating possible in microwave. Rigid non-compartmental trays are extensively used in large number of applications including catering and baking. Food outlets that offer take away services fuel the demand for Aluminium foil packaging as they used as take away containers. Manufacturers are developing requirement-specific Aluminium trays with varied shapes and sizes. Such trays are known to be cost effective as they not only save raw materials but also food quantity.
Aluminum foils are widely used in packaging wide range of products that include frozen food, pharmaceutical products, household products and bakery products. However, food service packaging leads the global market in terms of application. Application foil containers are widely used as they are suitable for any type of food and they exist in varied packaging styles and sizes. Manufacturers in global aluminum foil packaging market are offering packaging in form of different containers like foil cups, foil bowels, foil plates and containers that are microwave safe. On-the-go food has become a trend today and it enhances the demand for Aluminium foil packaging which offers ease of carrying along with being lightweight.
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Fact.MR report Asia Pacific Excluding Japan (APEJ) as the region that will lead the global market in coming years, Revenue generated in Asia Pacific Excluding Japan (APEJ) is anticipated to be more than US$ 7,800 million by the end of the year 2026. Europe is other prominent region in the global market which is projected to grow at healthy pace in near future. Prominent players in global market for Aluminium foil packaging are Nagreeka Indcon Products Pvt. Ltd, Revere Packaging Llc, Handi-Foil Corp. and Pactiv LLC.
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