The Aluminum Foil Packaging Market to go digitally exponential ways

Aluminum Foil Packaging Market: Introduction
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. The Aluminum Foil Packaging market is on the rise and is expected to grow in the upcoming years.

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.

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Aluminum Foil Packaging Market: Trend

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.

Aluminum Foil Packaging Market: Segmentation

Type:
Rigid Packaging
Semi-rigid Packaging
Flexible Packaging

End User:
Food & Beverage
Pharmaceutical
Cosmetics
Other

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Aluminum Foil Packaging Market: Regional Overview

Asia Pacific dominated the market and accounted for the largest revenue share of 37.5% in 2020. In Asia Pacific, the market is increasing due to the growing middle-class population and expanding consumer markets for end-use applications including, food, beverage, and pharmaceuticals. India and China are likely to emerge as the key markets for the product on account of high investments in the manufacturing field coupled with a broad consumer base in these countries.

The pharmaceutical companies in the U.S. are gradually shifting toward flexible packaging products such as blisters owing to their efficient single-dose packaging and convenience of use. This positive trend toward blister packs is likely to offer significant growth prospects to aluminum foil packaging.

Aluminum Foil Packaging Market: Market participants
Examples of some of the market participants in the global Aluminum Foil Packaging market identified across the value chain include:
• Amcor plc
• Constantia Flexibles
• Novelis Aluminum
• Raviraj Foils Limited
• Ampco
• Symetal
• Aliberico S.L.U
• Coppice alupack ltd
• Eurofoil Luxembourg S.A.
• Reynolds group holdings limited

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