Global Aluminum Foil Packaging Market: Need to Extend Shelf-life of Packaged Food Driving DemandA recent study by Transparency Market Research has detected that the global aluminum foil packaging market is extremely fragmented in nature, with the top 12 companies accounting for merely 10.1% of the overall shares in 2017. The key companies identified by the report who attain respectable positions in the global aluminum foil packaging market are: China Hongqiao Group Limited, Amcor Limited, United Company RUSAL Plc. Eurofoil, Pactic LLC, Hindalco Indistries Ltd, Hulamin Ltd, Ess Dee Aluminium Ltd, Alcoa Corporation, Novelis Inc., Penny Plate, LLC, Alufoil Products Pvt. Ltd, Wyda Packaging (Pty) Ltd., and Nicholl Food Packaging. Among these, China Hongqiao Group Limited held 3.7% of the global shares in 2017.
As per the estimations of the TMR report, the demand in the global aluminum foil packaging market will augment at a CAGR of 4.8% during the forecast period of 2017 to 2025. The report projects the global valuation of the aluminum packaging market to reach US$31.5 bn by the end of 2025, considerably up from its evaluated worth of US$20.8 bn in 2016. As far as strategic moves of the key companies is concerned, China Hongqiao Group Limited is focused on increasing its production capacity via acquisitions and depends on its sales agents to maintain consistent demand. The company, based out of Zouping in China, targets household foil and heat sealing foil. United Company RUSAL Plc. too is aiming to invest in small but strategic acquisitions, catering for food and beverages packaging, consumer products, and tobacco packaging.
Based on thickness, the global market for aluminum foil packaging serves maximum demand for 0.09 mn to 0.2 mn segment, and is projected for the most prominent growth rate, whereas unprinted foil category serves significantly more demand than printed foil. Food packaging is the most profitable application segment, accounting for more than a third of the total demand, while wraps and rolls is most valuable end-use. Geographically, vastly populated Asia Pacific is expected to remain the most lucrative region throughout the forecast period.
Get an exclusive sample of this report @
Growing Popularity of Packaged Food Driving Demand for Aluminum Foil Packaging
High preference for convenience packaging and growing demand for extended shelf-life of packaged food are two most important factors driving the global aluminum foil packaging market. Aluminum foil is a high preferred flexible packaging solution, which can be attributed to its convenience. Aluminum foil packaging scores very high in barrier properties, and retailers and vendors prefer packaging solutions that promise extended shelf-life. For instance, thin foil can protect the food from oxygen, light, air, and moisture. Growth of ready-to-eat meals and processed food is another key factor aiding to the prosperity of the global aluminum foil packaging market. According to the European Aluminum Foil Association (EAFA), almost three-fourth of the foil produced in Europe goes for packaging, i.e. flexible packaging and household.
In the near future, growing use in pharmaceutical products and confectionary and frequent acquisitions are also expected to reflect positively on the global aluminum foil packaging market. Growing emphasis on consumer convenience and eco-friendly packaging and market expansion in emerging economies are other factors opening new opportunities in the aluminum foil packaging market.
Browse Research Report @
Unaccounted Sheets of Landfills Pose Threat to the Environment thus may Restrict Market
On the other hand, impact on environment, health issues associated with aluminum foil packaging, and competition from alternatives are some of the challenges faced by the global aluminum foil packaging market. The report observes that despite being fully recyclable, most of the aluminum foil that are recycled, is from beverage cans, leaving thousands of tons of foil sheets unaccounted for. Moreover, the use of aluminum foil is considered unsafe as it can react with food in contact with the foil, by leaching out.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Global Aluminum Foil Packaging Market: Need to Extend Shelf-life of Packaged Food Driving Demand here
News-ID: 834732 • Views: 172
More Releases from Transparency Market Research
Fuel Dispenser Market - Global Industry Analysis, Size, Share, Growth, Trends, a …
Albany, NY - Fuel Dispenser Market: Introduction In terms of value, the global fuel dispenser market is expected to reach ~US$ 2 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. Based on volume, the global fuel dispenser market is estimated to reach 662,058 units by 2030, expanding at a CAGR of ~4% during the forecast period. In terms of type, the submersible system segment holds leading
Brazil Flavored and Functional Water Market Outlook, Gains Traction, Analysis An …
According to the report, the market will exhibit an impressive CAGR of 7.3% during the projection period. With this rate of growth, by the end of 2024, the market will be valued around US$9.4 bn. It is a considerable growth from the initial valuation recorded at US$5 bn in 2015. A new report by Transparency Market Research expects the Brazil flavored functional water market to grow at considerable pace over
Advantame Market Trends , Incredible Growth Opportunities, Volume, Value Growth …
Increasing health issues among the population led to an increase in the demand for non-caloric sweetener. In the global food and beverage market, the demand for advantame is on rising owing to its non-caloric sweetener properties. Advantame is one of the most recent, high potency low-calorie sweeteners to arrive in the food and beverage market with clean sugar-like the taste. The rising consumption of unhealthy/ comfort sugary food with high calories
Trends in the Feed ingredients - Outlook, Share and Opportunities in Grooming Re …
Escalating demand for high nutritional value meat is one of the major factor driving the growth of global feed ingredients market. In the global meat products market, safety is one of the major concern among meat manufacturers owing to stringent rules laid by government organizations during the handling, procurement, processing, storage, and distribution of animal products. The inclusion of high nutritive value feed ingredient into animal feed results in more
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the