Aluminium Foil Containers Market Poised to Expand at 5.4% CAGR During 2019 – 2027

Aluminium Foil Containers Market: Asia Pacific and North America to Account for a Combined Value Share of More than 50% of the Global Market by 2019 End: Global Industry Analysis 2013 - 2018 and Opportunity Assessment 2019 - 2027

Aluminium foil containers represent the pinnacle of high-barrier packaging solutions. Most of the aluminium foil containers are manufactured from heavy-duty aluminium foil because of its robust nature and the ability to carry heavy food items. Aluminium foil containers offer a combination of properties such as flexibility, strength, impermeability, recyclability, ductility, corrosion resistance, conductivity, and compatibility. Aluminium foil containers are also lightweight and cost-effective. Thus, they find wide acceptance in end-use industries such as food service, bakery & confectionery, food packers/processors, retail & supermarkets, and others (medical, electronics, etc.).

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In the report, FMI proposes that the foodservice end-use segment is anticipated to drive the global demand for aluminium foil containers during the forecast period. The continuous expansion of food service industries across the globe is likely to generate significant demand for aluminium foil containers during the forecast period.

Healthy growth rate of food packaging, the rapid expansion of foodservice industries, increasing disposable incomes, and growing preference for take-away-food, especially in emerging economies in the Asia Pacific excluding Japan (APEJ) region are expected to offer significant growth opportunities for the aluminium foil containers market during the forecast period. China is likely to be at the forefront in terms of aluminium foil containers market share, while India and ASEAN Countries are expected to register noteworthy CAGR of aluminium foil containers market during the forecast period. Australia and New Zealand are significant shareholders of the APEJ aluminium foil containers market and are expected to represent lucrative growth opportunities for the aluminium foil containers market.

Europe is expected to follow the Asia Pacific excluding Japan (APEJ) region in terms of aluminium foil containers market value and volume during the forecast period. Shifting consumer preference for takeaway food, coupled with the demand for cost-effective and recyclable packaging solutions is expected to drive the growth of the aluminium foil containers market during the forecast period. In terms of aluminium foil containers market share, Germany is expected to be highly attractive and projected to expand with a healthy growth rate during the forecast period.

North America is a significant shareholder of the global aluminium foil containers market and is projected to expand with a remarkable CAGR during the forecast period. The rising demand for convenience packaging solutions for food items appears to be the key factor driving the growth of the North America aluminium foil containers market. In North America, the U.S. is expected to be highly attractive in terms of aluminium foil containers market share during the forecast period.

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Latin America and the MEA are considerable shareholders of the global aluminium foil containers market and are expected to register notable growth rate during the forecast period. Rapidly growing food industry and allied sectors in emerging economies in the Middle East & Africa and Latin America are probable to represent significant incremental opportunities for the aluminium foil containers market during the forecast period. Japan is expected to witness a moderate growth rate of the aluminium foil containers market during the forecast period. Overall, the global aluminium foil containers market is expected to record a notable growth rate during the forecast period.

The manufacturers of aluminium foil containers are focusing on the customization of aluminium foil containers and increasing their global footmark through expansions and acquisitions. The manufacturers of aluminium foil containers are likely to focus on profitable regions such as the Asia Pacific excluding Japan (APEJ), the Middle East & Africa, and Latin America in the years to come. Radially emerging economies with growing demand for convenience packaging solutions are likely to generate significant opportunities for the aluminium foil containers market during the forecast period.

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

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