Expansion of e-Commerce Sector Main Factor Driving High Need for Effective Aluminum Foil Packaging to Ensure Product Safety During Transit: Fact.MR Report
Expansion of e-Commerce Sector Main Factor Driving High Need for Effective Aluminum Foil Packaging to Ensure Product Safety During Transit: Fact.MR Report
Demand for aluminum foil packaging is rising due to factors such as the growing need for uncomplicated and eco-friendly packaging solutions, evolving consumer lifestyles and preferences, and the continuous expansion of the e-commerce sector. According to this updated study by Fact.MR, the global aluminum foil packaging market is set to achieve a valuation of US$ 29.32 billion in 2024 and further progress with expansion at a CAGR of 5.3% through 2034.
The shift toward sustainable packaging has led to the development of a new breed of recyclable aluminum foil packaging solutions. As e-commerce and online shopping gain more traction, the demand for aluminum foil packaging is projected to rise due to its effectiveness in safeguarding products during transit and maintaining their freshness and quality.
Innovations in aluminum foil packaging, such as improved barrier properties and the development of thinner foils, are projected to drive market growth. The trend toward sustainable and eco-friendly packaging solutions is also projected to influence market growth during the forecast period.
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Key Takeaways from the Market Study:
through 2034.
2034.
“Aluminum foil packaging solutions are drawing more consumer attention due to their effectiveness in preserving the quality and freshness of food products as well as their eco-friendly nature,” says a Fact.MR analyst.
Market Competition
Key aluminum foil packaging producers are RUSAL, Pactiv Evergreen Inc., Penny Plate LLC, Novelis, and Amcor Limited. Companies are constantly improving their strategies to successfully strengthen their position by working with other well-known manufacturers worldwide.
In 2021, USAL collaborated with Granges AB, a renowned global manufacturer of rolled aluminum products, for thermal management systems and specialized packaging to develop aluminum alloys.
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Leading Players Driving Innovation in the Aluminum Foil Packaging Market:
Key industry participants like RUSAL, Pactiv Evergreen Inc., Penny Plate LLC, Novelis, Amcor Limited, Eramco, Alufoil Products Pvt. Ltd., and Manaksia Ltd. are driving the aluminum foil packaging industry.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the aluminum foil packaging market for 2018 to 2023 and forecast market statistics for 2024 to 2034.
The study divulges essential insights into the market based on product (foil wraps, pouches, blisters, containers), end use (food & beverages, tobacco, pharmaceuticals, cosmetics), and type (rolled foil, backed foil), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).
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Aluminum foil packaging refers to the use of aluminum foil as a material for packaging products, offering benefits such as product protection, freshness retention, and sustainability.
E-commerce refers to the buying and selling of goods or services using the internet, including online shopping and electronic transactions.
Sustainable packaging is designed to minimize environmental impact and reduce waste, often using recyclable or biodegradable materials.
Barrier properties refer to the ability of packaging materials to protect contents from external factors such as moisture, oxygen, and light, thereby preserving product quality.
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