Rockville, MD -- (SBWIRE) -- 07/11/2019 -- Aluminium packaging provides a complete protection against bacteria, light and oxygen. Hence the food industry is investing in the aluminium packaging. The report provides details on the factors contributing to the growing demand for aluminium packaging. Moreover, manufacturers are also adopting new strategies to develop aluminium foil containers to enhance the safety of the product packed in it. Manufacturers are also focusing on enhancing the barrier properties of aluminum foil to make it a desirable option for packaging in the other industries. Heat resistance, good adhesion, easy to bend and other properties is driving the demand for aluminium foil containers. The report offers in-depth analysis on the latest trends, new development and opportunities, and challenges in the global aluminium foil packaging market. The report also elaborates on the new features and smart production techniques being adopted by the manufacturers globally.
Aluminum foil is finding large application in packaging in the food industry. Aluminum foil is widely used as a compact storage for electric charges. Nowadays, aluminum foil is being merged with flexible films to create lightweight packages. This allows packages to expand during packaging and contract as soon as the product is consumed. Manufacturers are focusing on producing a top quality of aluminum foil packages. However, a small change in the process can impact the product quality. Hence, machines and techniques used in aluminium foil packages are well tested, researched and developed.
As per the latest report by Fact.MR, the aluminium foil packaging market is likely to witness moderate growth. The market is also projected to register 4.5% CAGR in terms of volume during 2017-2026. The global market for aluminium foil packaging is also estimated to reach US$ 21,821.2 million revenue by the end of 2026.
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Food Service Packaging to use Aluminium Foil Packaging on a Large Scale
Aluminium foil packages are being used in frozen food packaging, pharmaceutical packaging, bakery product packaging, household product packaging, etc. However, these containers are being used on a large scale in food service packaging. Offering unique packaging style and a wide variety of sizes, aluminium foil containers are able to hold any type of food. Hence, are being used in food service business. Manufacturers of aluminium foil packaging are offering foil cups, foil plates, foil bowls, and microwave safe containers made of aluminium foil for the food service industry. Also, with the growing trend of on-the-go food, the demand for lightweight and easy to carry food packaging is also rising, thereby driving the demand for aluminium foil packaging.
Geographically, Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global aluminium foil packaging market. By 2026 end, APEJ is estimated to surpass US$ 7,800 million revenue. While Europe is also likely to witness impressive growth throughout the forecast period.
Aluminium Foil Packaging to be used widely in Food Service Packaging
Based on the product type, rigid non-compartmental trays are expected to witness the highest growth. The rigid non-compartmental trays are estimated to bring in more than US$ 7,200 million revenues by 2026 end.
Based on the end use, aluminium foil packaging are likely to be used on a large scale for food service packaging. Towards the end of 2026, food service packaging is projected to reach close to US$ 7,600 million revenue. Aluminium foil helps in keeping the food fresh and hot for a long time.
Rigid Non-Compartmental Trays to Emerge as the Highly-Preferred Product
Rigid non-compartmental trays are also finding large application in food catering, bakery industry as a direct baking tray. These rigid non-compartmental trays are also witnessing increasing demand from food outlets to be used as take-away containers. Manufacturers are also producing non-compartmental aluminium foil trays in various shapes and sizes as per the requirement. This helps in eliminating wastage and limited use of raw material, thereby saving the cost.
Prominent players in the global market for aluminium foil packaging include Nagreeka Indcon Products Pvt. Ltd, Nicholl Food Packaging Limited, Revere Packaging Llc, Reynolds Food Packaging Llc, Contital srL, Penny Plate, LLC, Handi-Foil Corp., Hulamin Ltd, Aleris Corporation, and Pactiv LLC.
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