Aluminium Foil Containers - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Aluminium Foil Containers Market is accounted for $2690.60 million in 2017 and is expected to reach $5030.40 million by 2026 growing at a CAGR of 7.2%. Rising stipulation for cost-effective, light-weight, the extension shelf-life of the product and single-serve packaging solutions are likely to boost the growth of the aluminium foil containers market. However, the volatility in raw material prices is likely to hamper the profit boundaries.
Based on the product type, the rigid non-compartmental trays segment is sentenced to large application in food preparation, the bakery industry as a direct baking tray. It is also witnessing in boosting the demand from food joints to be used as takeaway containers. Manufacturers are also making non-compartmental aluminium foil trays in a variety of shapes and sizes as per the requirement. This helps in eliminating wastage and restricted use of the raw substance, thereby saving the price.
By geography, the Asia Pacific region is currently the most productive regional market and is expected to remain so over the forecast period as well. The factors driving the market include the high population, a flourishing foodstuff, and beverages business, and increased uptake of packaged foods and beverages across emerging economies.
Some of the key players in the Aluminium Foil Containers market include Prestige Packing Industry, Novelis Inc., Trinidad Benham Corporation, D & W Fine Pack, Penny Plate, LLC, Handi-foil of America, Inc., Revere Packaging, Inc., Pactiv LLC, ContitalsrL, NagreekaIndcon Products Pvt. Ltd., Eramco, i2r Packaging Solutions Limited, Wyda Packaging (Pty) Ltd., Alufoil Products Pvt. Ltd, Durable Packaging International, Shanghai Metal Corporation, Manaksia Ltd., Hulamin Containers Ltd., and ADVANTA.
Aluminium Foil Types Covered:
• Heavy Duty Foil
• Standard Duty Foil
• 400 ml and Above
• 200 ml to 400 ml
• 50 ml to 200 ml
• Up to 50 ml
End Users Covered:
• Bakery & Confectionery
• Retail & Supermarket
• Food Packer/Processor
• Other End Users
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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