According to a new report by Transparency Market Research, the global aluminium foil packaging market is projected to witness a steady stable growth due to increasing demand and consumption of consumer goods in the emerging economies. The aluminium foil packaging market is expected to grow at a moderate CAGR in the coming years.
China will account for approximately 50% of the overall market share in the coming years. Food & beverage and construction industries are the biggest end users of aluminium foil packaging in the country. The market for aluminium foil packaging in North America and Asia is steadily growing.
The key manufacturers in the global aluminium foil packaging market are Amcor Ltd., Novelis Inc., Coppice Alupack Ltd., Ardagh Group, Comital Group, Danpack International B.V., Toyo Aluminium Ecko Products, Co., Ltd., Novelis Eurofill Ltd., Flexifoil Packaging Pvt. Ltd., and Alcoa Inc.
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Geographically, the global aluminium foil packaging industry can be divided by major regions which include North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America.
Aluminium foil offers benefits to the food and packaging industries. The consumers can heat or freeze food items in the foil container directly. Aluminium foil packaging material is generally formed using aluminium sheets. It is produced through the regular casting and cold calling methods.
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