Aluminium foil offers several benefits to the food and packaging sector. Consumers can freeze or heat foodstuff directly in foil containers. It is a flexible packaging material formed using aluminium sheets. Aluminium foil is widely utilized to wrap food products and act as packaging solutions. It is made by regular casting and cold calling. Aluminium foil packaging creates a resistive barrier to safeguard food items, beverages, pharmaceutical products, cosmetics, and several others, thereby helping in reducing waste.
The fast proliferating pharmaceutical and food & beverage sector is one of the primary factors propelling the growth of the global aluminium foil packaging market. However, the recyclable nature of aluminium has significantly scaled up its preference over other packaging solutions. Also, this massive shift is considered to be a vital transforming factor for the growth of the global market. The growing traction of bags, pouches, laminated trays, wraps, and rolls globally due to the surge in the online food delivery businesses and services in recent years is expected to drive the market growth exponentially. Aluminium foil is a core packaging material for fruit juice, chocolates, pastries, beverages, dairy products, and several others. The versatility of aluminium makes it a perfect packaging solution.
The foil is flexible, portable, lightweight, and strong, which helps you to mold the packaging into the required shape. In addition, the fast transforming lifestyle, including ease of ordering online foods and adoption of convenience food is further likely to complement the growth. Furthermore, the growing disposable income of the people and the surging middle-class population is likely to intensify the growth in the forthcoming years.
The global aluminium foil packaging market can be segmented into end-user, product, and region.
By end-user, the market can be segmented into cosmetics, pharmaceuticals, food & beverages, and others. The food & beverage segment holds the largest share in the global aluminium foil packaging market.
By product, the market can be segmented into containers, blisters, pouches, foil wraps, and others. The container segment accounts for the largest share in the global market.
By product, the market can be segmented into heavy-duty and standard quality. The standard quality is the fastest-growing segment in the global aluminium foil packaging market as it is widely used by households to wrap foodstuffs daily.
North America accounts for the largest share in the global aluminium foil packaging market due to the high adoption of aluminium foil by household people in the region. Furthermore, aluminium foil is widely used in several industrial applications in the pharmaceutical sector.
Asia Pacific is expected to be the fastest-growing region in the global market due to the fast proliferating pharmaceutical and food & beverage sector in the region. Furthermore, the growing disposable income of the people in the region is likely to further scale up the demand for aluminium foil in the region. In addition, the growing scope of online food services in the region will also accentuate the regional market significantly.
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Some of the significant players in the global aluminium foil packaging market are Nicholl Food Packaging, Wyda Packaging (Pty) Ltd., Alufoil Products Pvt. Ltd., Penny Plate, LLC, Pactiv LLC, Eurofoil, Novelis Inc., Ess Dee Aluminium Ltd., Alcoa Corporation, Hulamin Ltd, Amcor PlcHindalco Industries Ltd., United Company RUSAL Plc, and China Hongqiao Group Limited. To cite, Tetrapack in April 2019 introduced a connected packing platform that will transform the milk packing and juice packing market into full-scale interactive carriers, information channels, and digital tools.
Having a Master’s Degree in Brewing Technology and overall experience of 6 years in the field of writing, Jerri has been one of the most workaholic and dedicated team members of thefoodbeveragenews.com portal. She has been a part of this portal for 4 years now. Jerri started a career in writing with freelancing and the journey has been worth watching and appraising. She handles the Beverage Industry domain of the portal and along with her team provides all the vital and up-to-the-minute news and reports to the readers in a simple and comprehensible manner.