[170 Pages Report] Aluminium Foil Packaging Market research report categorizes the global market by Product Type (Rigid Compartmental Trays, Rigid Non-Compartmental Trays, Rigid Bowls, Rigid Plates, Flexible Pouches, Flexible Sachets), By End Use (Food Service Packaging, Retail Sales, Frozen Food Packaging, Bakery Product Packaging, Confectionary Product Packaging, Pharmaceutical Packaging, Household Product Packaging, Other End Use), & By Region (North America, Latin America, Europe, Japan, APEJ, MEA)
[USPRwire, Tue Aug 06 2019]
Aluminum foil is finding large application in packaging in the food industry. Aluminum foil is widely used as a compact storage for electric charges. Nowadays, aluminum foil is being merged with flexible films to create lightweight packages. This allows packages to expand during packaging and contract as soon as the product is consumed. Manufacturers are focusing on producing a top quality of aluminum foil packages. However, a small change in the process can impact the product quality. Hence, machines and techniques used in aluminium foil packages are well tested, researched and developed.
Read Report Summary: https://www.factmr.com/report/518/aluminium-foil-packaging-market
Aluminum foil is gaining popularity as the flexible packaging option. Moreover, four-sided, fin-sealed pouches are becoming popular for medical, retail food applications, and institutional food service packs. Aluminium-based containers that can be used in the microwave are also being developed on a large scale. Special cooking aluminum foil for barbecuing have been developed in recent years.
Recycling of aluminum foil including cans and foils are also gaining traction. Processes used during manufacturing of aluminum foil are being improved to reduce hazardous waste and pollution. Laminated aluminium foil with paper stuck inside is largely being used in the food industry for packaging sweets and tea as the paper absorbs moisture while the foil protects the contents.
As per the latest report by Fact.MR, the global aluminium foil packaging market is likely to witness moderate growth. The market is also projected to register 4.5% CAGR in terms of volume during 2017-2026. The global aluminium foil packaging market is also estimated to reach US$ 21,821.2 million revenue by the end of 2026.
Request for the Report Sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=518
Based on the product type, rigid non-compartmental trays are expected to witness the highest growth. The rigid non-compartmental trays are estimated to bring in more than US$ 7,200 million revenues by 2026 end.
Based on the end use, aluminium foil packaging are likely to be used on a large scale for food service packaging. Towards the end of 2026, food service packaging is projected to reach close to US$ 7,600 million revenue. Aluminium foil helps in keeping the food fresh and hot for a long time.
APEJ is likely to emerge as the leading region in the global aluminium foil packaging market during the forecast period 2017-2026. Increasing preference for convenient packaging and changing lifestyle in the region is driving the demand for aluminium foil packaging in the food industry. Restaurants and food chains are also using aluminium foil packaging to pack the food for delivery. Also, aluminium foil packages are easy to recycle, hence, countries such as India and China are also moving towards improving recycling rate by adopting more eco-friendly packaging options. Increasing demand for processed food and beverages in APEJ is also driving the growth of the aluminium foil packaging.
Request for the Customization of the Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=518
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment ??" empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.