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.

In addition, increasing demand from South East Asian economies such as Singapore, South Korea, Taiwan and Malaysia is projected to escalate the growth of aluminum foil market in the upcoming years. Aluminum foils are largely utilized in various manufacturing, pharmaceutical and food & beverages industry.

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.

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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 market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in packaging sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the aluminum foil industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

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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April 24, 2019: Global Aluminum Foil Market is expected to witness substantial growth in the forecast period due to the increase in demand from food and beverages industry. Aluminum foil is the misnomer tin foil that is used for varied applications, such as food packaging, geochemical sampling, insulation, electronics, art and decoration, etc. Along with industrial applications, aluminum is user-friendly and recyclable. Aluminum foil is temperature resistant, offers high electrical conductivity, heat conductivity and reflectivity, durability and flexibility, easy lamination and coating.

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Aluminum foil market is driven by factors like growing commercial foodservice industry, changing eating habits of consumers, growth in working population that demands canned food products, high demand for snacks and chocolates, increase in disposable income of consumers, growing pharmaceutical industry, and growing demand for QSR (Quick Service Restaurants). However, easy availability of substitutes in cheaper rates is hindering the market.

Moreover, introduction of various recycling methods for aluminum foil packaging is trending in the market. Nevertheless, ongoing advances in quality of aluminum and its reliability, rise in mills productivity, growing emphasis for conservation of plants for reducing cost, and easy availability of foils in different forms for growing consumption is an opportunity for the market.

Aluminum foil market is categorized on the basis of product type, application, and geography. On the basis of product type, market is divided into laminated tubes, food wraps, pouches, lid and others. Food wraps segment is projected to contribute significantly to the market owing to high demand for packaged food due to hectic lifestyle.

In terms of application, aluminum foil market is divided into pharmaceutical, food & beverage, personal care, cosmetic, and others. Pharmaceutical segment is further classified into strip packing, cold form packing, and blister packing. Food and beverage segment is expected to lead the market owing to high demand for online food services, growing online food sector, and rise in disposable income of consumers. Additionally, pharmaceutical segment accounts for larger share of market due to increase in demand for drugs and medicines because of growing health issues.

The report “Global Aluminum Foil Market Outlook 2018-2023” is available now at  https://www.radiantinsights.com/research/global-aluminum-foil-market-outlook-2018-2023

Geographically, aluminum foil market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to contribute significantly to the market owing to high consumption of consumer goods from personal care to canned and packaged food. Moreover, high demand for aluminum foil for packaging from medical sector of the region is contributing remarkable to the market. North America also accounts for prominent share of the market in the forecast period.

The top players in aluminum foil market can be listed as Aditya Birla Group, Alcoa, Hindalco Industries Limited, Aluflexpack, ACM Carcano, Alufoil Products Pvt. Ltd., Ardagh Group, Bachmann Aluminium GmbH, Southern Aluminium Industry Co. Alupac, Velcro Group, Amcor, Dalia Packaging, Danpak International B.V, DeLaval, Ekco, Eurofoil, Flexifoil Packaging, Comital Group, Plus Pack, Rajasthan Foils Pvt. Ltd, Ltd., and TetraPak.

Global Market for aluminum foil to 2023 offers detailed coverage of aluminum foil industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading aluminum foil producers to provide exhaustive coverage of the aluminum foil.

Report contents include
- Analysis of the aluminum foil market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on aluminum foil including products, sales/revenues, and market position
- Market structure, market drivers and restraints.

Key regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
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