[3/11/2019]: The global 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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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 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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