Global Food Aluminum Foil Market Overview:
Food Aluminum foils offer many advantages to the packaging and food industries and the consumer including consumer friendliness & recyclability. Consumers can freeze or heat food products in the foil container directly. Other applications of aluminum include beverage, confectionary, personal care, health care and other industrial uses. The global aluminum foil packaging market is expected to show high growth over coming years. The major growth is expected in the developing markets owing to strong economic growth and increasing middle class with growing disposable income. The change in life style which includes changed food habits has led to increased demand for packaging. Some of the key players profiled in the study are China Hongqiao Group Limited (China), Alcoa (United States), Hydro (Norway), United Company RUSAL PLC (Russia), Ess Dee Aluminium Ltd (India), Alufoil Products Pvt. Ltd. (India), Nicholl Food Packaging Ltd (United Kingdom), Wyda Packaging (South Africa), Penny Plate LLC (United States) and Alcoa Corporation (United States).
On the basis of geography, the market of Food Aluminum Foil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Food Aluminum Foil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Box will boost the Food Aluminum Foil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased demand in chocolates and snacks industry as well as pharmaceutical industry
- Increase in the availability of foils in various forms
- Concern regarding the material quality
- Deploying technological advancements to produce improvement in product quality
- Availability of substitute in the market
The market is highly fragmented with the presence of various players in the market. Some of the key strategies followed by the players operating in the market were innovation, product development, acquisition, and expansion.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Food Aluminum Foil market on the basis of product [Heavy Gauge Foil, Medium Gauge Foil and Light Gauge Foil] , application [Meat Snacks, Dried Fruits, Biscuits, Drinks and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Food Aluminum Foil market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Food Aluminum Foil industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Food Aluminum Foil market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.