Aluminum Foil Market is expected to
display higher growth rate in the upcoming period. Rapid surge in the market is
credited to the soaring need for environment friendly and sustainable packaging
solutions. Factors such as growing concerns for product safekeeping and protection,
and rising demand from the end-use production units including beverage
industries, pharmaceutical sector, packaged food industry, and home &
personal care manufactures are compelling the expansion of the aluminum foil
market over the forecast period.
Rapid industrialization in BRICS economies such as Brazil,
Russia, India, China and South Africa is expected to stimulate market growth of
aluminum foil in the upcoming years. The recent technological advancement in
the manufacturing sector coupled with development of advanced packaging
solution are anticipated to boost market growth over the forecast period.
Globally, aluminum foil market is predicted to generate massive revenue over
the forecast period, providing numerous opportunities for industry participants
to invest in research and development of aluminum foils.
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In addition, increasing demand from South East Asian
economies such as Singapore, South Korea, Taiwan and Malaysia is projected to
escalate the growth of aluminum foil market in the upcoming years. Aluminum
foils are largely utilized in various manufacturing, pharmaceutical and food
& beverages industry.
The use of aluminum allows to achieve range of the refine
and painted finishes which can be easily noticeable in regards to the
traditional use of the materials for production of metal foils. Aluminum
commonly used to safeguard cork lids in alcoholic beverages like that of
champagne, wine, and pint beer. A wide range of painted finishes offers easy product
differentiation alongside a high level of aesthetics.
The aluminum foil market is broadly categorized into two
major segments based on the application type such as packaging applications and
non-packaging applications. Packaging applications segment is growing rapidly
in the market with substantial revenue generation in the last few years.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in implementation of latest technologies in
packaging sector, surge in number of research & development activities and
existence of well-established industrial infrastructure in the region. In
European region, Germany, France, and United Kingdom are projected to witness
steady growth.
Asia-Pacific region is estimated to hold a major share in
the aluminum foil industry with massive growth in forecast period. Countries
such as India, China and Singapore are leading the Asia-Pacific market with
strong economic growth, rising manufacturing activities, and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the aluminum foil market are Velcro Group
Corp., Tetra Pak, Inc., Southern Aluminium Industry Co., Ltd., Rajasthan Foils
Pvt., Ltd., Plus Pack Ltd., Hindalco Industries Ltd., Flexifoil Packaging Pvt.,
Ltd., Eurofoil Luxembourg S.A., Ekco Ltd., DeLaval Pvt., Ltd., Danpak
International B.V., Dalia Packaging Co., Comital Group, Bachmann Aluminum GmbH,
Ardagh Group Co., Amcor Ltd., Aditya Birla Group, and ACM Carcano.
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Market Segment:
Report contents
include
• Analysis of the aluminum foil market including revenues,
future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on aluminum foil including products,
sales/revenues, and market position
• Market structure, market drivers and restraints.
Key regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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