In order to dissert the market scenario prevailing across the aluminium foil packaging market sector, FactMR has evenly presented a comprehensive aluminium foil packaging market analysis to its extensive online climateframedoubleglazing.com.au repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the aluminium foil packaging market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.
Unrivaled barrier properties for aluminium foil exclude moisture, light, microorganisms and other gases making it a suitable material for food packaging and pharmaceutical packaging. Aluminium foil containers are also gaining popularity in the food industry. Manufacturers are also developing aluminium foil packaging for pharmaceutical packaging that can be easily coated, laminated, and cold-formed. As per the requirement of the product to be packed in the aluminium foil, companies are developing aluminium foil bags, containers, and other such products. However, easily torn, low intensity, are hampering the demand for aluminium foil. Hence, manufacturers are researching on developing durable aluminium foil packaging for various application.
According to latest report on the global market for aluminium foil packaging by FactMR, the market is expected to see steady growth in terms of value, registering a CAGR of 5.1% between 2017 and 2026. More than 10 million tons of aluminium foil packages are expected to be sold by the end of the forecast period. Aluminium foil is also considered as a key material for packaging food products. Hence, manufacturers are working on developing innovative aluminium foil packaging technology. Aluminium foil containers are also being used to keep wine and fruit juices for a long period of time at room temperature.
Compared to various types of aluminium foil container products, rigid non-compartmental trays are likely to be a highly preferred product in the global aluminium foil containers market. Aluminium is an excellent conductor of heat, hence, aluminium foil trays are being used to reheat the food in the microwave. 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.