Sarasota, FL -- (SBWIRE) -- 03/30/2019 -- Global Aluminum Foil Containers Market: Overview
With the drastic shift in the consumer food & beverage consumption patterns, the demand for aluminum foil containers has been growing rapidly. Aluminium foil containers are also proven to reduce food contamination, making them a hygienic packaging solution. Aluminium foil containers can withstand extreme temperature change, can be used in microwave ovens, and are very easy to clean.
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Global Aluminum Foil Containers Market: Growth Factors
Escalating demand for convenience and hygienic packaging along with a massive preference for packaged goods that help in elongating shelf life of the products are likely to drive the growth of aluminum foil containers market in the coming years. In addition to this, the massive use of aluminum foils in flexible packaging solutions is also a key factor in driving product demand. Moreover, high barrier & light-weight features along with its recyclable nature will enhance the application of aluminum foil across myriad business domains. This will further drive market growth trends. The aluminum foil containers market is likely to gain traction over the ensuing years, subject to the burgeoning demand from the processed foods and ready-to-eat meals sector. Furthermore, a growing focus on adopting eco-friendly packaging and massive use of the product in pharmaceuticals items & confectionaries is likely to accelerate the growth of aluminum foil containers market in the years ahead. However, lack of proper recycling processes in various countries and competition from alternatives are a few obstructions faced by the global aluminum foil packaging market. Nevertheless, the growing trend towards eco-friendly packaging and foray by the key companies in the emerging economies is expected to open new growth opportunities for these firms in the aluminum foil packaging market. In addition to this, the growing demand for cost-effective, light-weight, and single-serve packaging solutions is likely to propel the growth of the aluminum foil containers market, during the estimated period.
Global Aluminum Foil Containers Market: Segmentation
The global aluminum foil containers market can be classified into thickness, foil type, application, and end-use. On the basis of thickness, the market is sectored into 0.007 mm - 0.09 mm, 0.09 mm - 0.2 mm, and 0.2 mm - 0.4 mm. Based on the foil type, aluminum foil containers market Printed and Unprinted. Application wise, the market is sectored into food, beverages, pharmaceuticals, and personal care & cosmetics. Based on the end-user, the aluminum foil containers market is divided into Bags & Pouches, Wraps & Rolls, Blisters, Lids, Laminated Tubes, and Trays.
Global Aluminum Foil Containers Market: Regional Analysis
Based on regions, the global aluminum foil containers market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific aluminum foil containers growth can be attributed to an increase in spending on healthcare, personal care, and rising consumption of packaged ready-to-eat food in the region as a result of changing lifestyle in the region. China, India, Japan, Australia, and New Zealand are key regional growth drivers in the Asia Pacific region. The European region is expected to witness a slow and steady growth over the years to come.
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North America, MEA, and Latin American markets have huge growth potential and are likely to contribute remarkably towards the global market size in the foreseeable future.
Global Aluminum Foil Containers Market: Competitive Players
Some of the key players in aluminum foil containers market are Hindalco Industries Ltd, United Company RUSAL Plc., Amcor Limited, Eurofoil, Pactic LLC, Hulamin Ltd, Alcoa Corporation, Novelis Inc., Ess Dee Aluminium Ltd, Penny Plate, LLC, Wyda Packaging (Pty) Ltd., Alufoil Products Pvt. Ltd, and Nicholl Food Packaging.
Global Aluminum Foil Containers Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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