Aluminium Foil Packaging Market till 2026: Rigid Non-Compartmental Trays to Emerge as the Highly-Preferred Product | Analysis of Top Players- Nagreeka Indcon Products Pvt. Ltd, Nicholl Food Packaging Limited, Revere Packaging Llc, Reynolds Food Packaging
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According to latest report on the global market for aluminium foil packaging by Fact.MR, the market is expected to see steady growth in terms of value, registering a CAGR of 5.1% between 2017 and 2026. More than 10 million tons of aluminium foil packages are expected to be sold by the end of the forecast period. Aluminium foil is also considered as a key material for packaging food products. Hence, manufacturers are working on developing innovative aluminium foil packaging technology. Aluminium foil containers are also being used to keep wine and fruit juices for a long period of time at room temperature.
Rigid Non-Compartmental Trays to Emerge as the Highly-Preferred Product
Compared to various types of aluminium foil container products, rigid non-compartmental trays are likely to be a highly preferred product in the global aluminium foil containers market. Aluminium is an excellent conductor of heat, hence, aluminium foil trays are being used to reheat the food in the microwave.
Rigid non-compartmental trays are also finding large application in food catering, bakery industry as a direct baking tray. These rigid non-compartmental trays are also witnessing increasing demand from food outlets to be used as take-away containers. Manufacturers are also producing non-compartmental aluminium foil trays in various shapes and sizes as per the requirement. This helps in eliminating wastage and limited use of raw material, thereby saving the cost.
Food Service Packaging to use Aluminium Foil Packaging on a Large Scale
Aluminium foil packages are being used in frozen food packaging, pharmaceutical packaging, bakery product packaging, household product packaging, etc. However, these containers are being used on a large scale in food service packaging. Offering unique packaging style and a wide variety of sizes, aluminium foil containers are able to hold any type of food. Hence, are being used in food service business. Manufacturers of aluminium foil packaging are offering foil cups, foil plates, foil bowls, and microwave safe containers made of aluminium foil for the food service industry. Also, with the growing trend of on-the-go food, the demand for lightweight and easy to carry food packaging is also rising, thereby driving the demand for aluminium foil packaging.
Geographically, Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global aluminium foil packaging market. By 2026 end, APEJ is estimated to surpass US$ 7,800 million revenue. While Europe is also likely to witness impressive growth throughout the forecast period.
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Table of Contents:
Global Economic Outlook
Global Aluminum Foil Containers Market - Executive Summary
Global Aluminum Foil Containers Market Overview
3.1.1. Global Aluminum Foil Containers Market Taxonomy
3.1.2. Global Aluminum Foil Containers Market Definition
3.2. Global Aluminum Foil Containers Market Size (US$ Mn), Volume (Ton) and Forecast, 2012-2026
3.2.1. Global Aluminum Foil Containers Market Y-o-Y Growth
3.3. Global Aluminum Foil Containers Market Dynamics
3.4. Global Aluminum Consumption Share and Growth by Region
3.5. Global Aluminum Consumption Share by End Use Industry and Regions
3.6. Global Packaging Sector Outlook
3.7. Value Chain
3.8. Price Point Analysis
3.9. Mega Trends Across Regions
3.10. Top Region Wise Players
3.11. Trends across Value Nodes
3.12. Key Participants Market Presence (Intensity Map) By Region
Global Aluminum Foil Containers Market Analysis and Forecast 2012-2026
4.1. Global Aluminum Foil Containers Market Size and Forecast By Product Type, 2012-2026
4.1.1. Rigid Compartmetal Trays Market Size and Forecast, 2012-2026
126.96.36.199. Revenue (US$ Mn) & Volume (Ton) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
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