Global Aluminum Foil Containers Market Projected To Grow At A CAGR Of Over 5.7% During 2020–2026

30-Jul-2020 | Zion Market Research

According to researchers from Zion Market Research, the rising demand for cost-effective, light-weight, and single-serve packaging solutions is likely to propel the growth of the aluminum foil containers market, during the forecast period. Globally, the revenue capitalized by the aluminum foil containers market is estimated to be about US$3,098 million during 2019 and is anticipated to surge at a CAGR of 5.7% with regard to value in the forecast period. There has been a powerful shift in the consumer consumption outline in the food and beverage segment. The customer preference for ready-to-eat or takeaway food is surging, due to altering lifestyles and increasing disposable incomes, particularly in developing countries globally. The food service vendors offer various services such as “drive-through” and “takeaway” to cater to the rising number of on-the-go customers. With the augmenting working population and amplifying urbanization, these food formats are likely to gain recognition amongst millennial customers.

Some of the key players in the market are Pactiv LLC, Novelis Inc., Hulamin Containers Ltd., Trinidad Benham Corporation, Penny Plate, LLC, D & W Fine Pack, Revere Packaging, Inc., Handi-foil of America, Inc., Contital srl, Nicholl Food Packaging Limited, Laminazione Sottile S.p.A., Nagreeka Indcon Products Pvt. Ltd., i2r Packaging Solutions Limited, Eramco, Alufoil Products Pvt. Ltd, Wyda Packaging (Pty) Ltd., Prestige Packing Industry, Durable Packaging International, Manaksia Ltd., and Shanghai Metal Corporation.

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Superior Aluminum Characteristics To Boost The Global Aluminum Foil Containers Market

The rising demand for convenience and hygienic packaging solutions globally is exponential, particularly in food packaging. The aluminum foil containers are receiving recognition in the foodservice industry owing to their cost-effective, recyclable, and light-weight nature. The aluminum foil containers are confirmed to decrease food contamination, making them a clean packaging solution. The aluminum foil containers can endure at high-temperature change, can be utilized in microwave ovens, and are very simple to clean. Such characteristics of aluminum foil containers make them desirable for food packaging solutions. In addition, the increasing recognition of aluminum foil containers across the foodservice and other end uses is owing to its grab-and-go feature, easy storage, and lightweight nature.

One of the significant factors that augment the inclination toward aluminum foil containers for packaging is owing to its extended shelf-life of products. The aluminum foil containers possess very high barrier characteristics. A major amount of food items are disfigured owing to exposure toward air & moisture, thus surging the requirement for packaging solutions that defend food items from these components. This aspect is anticipated to boost the development of the global aluminum foil containers market in the forecasted period.

The global aluminum foil containers market is segmented on the basis of type, applications, and regional analysis. Based on the type, the market is divided into heavy gauge foil, light gauge foil, medium gauge foil, and other. Based on the applications, the market is divided into cigarette, pharmaceutical, food, and others.

Browse the full “Aluminum Foil Containers Market - By Type (Heavy Gauge Foil, Light Gauge Foil, Medium Gauge Foil, and Others), By Applications (Cigarette, Pharmaceutical, Food, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/aluminum-foil-containers-market-global-industry-analysis-size

The global aluminum foil containers market is segmented as follows:

By type:

  • Heavy Gauge Foil
  • Light Gauge Foil
  • Medium Gauge Foil
  • Other

By application:

  • Cigarette
  • Pharmaceutical
  • Food
  • Other

By region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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