Flexible Foil Packaging Market Size, Share, Outlook, and Opportunity Analysis, 2019-2027


Posted January 12, 2022 by neha_s

Flexible foil packaging is available in different type of materials such as aluminum, paper, and plastic that offers various barrier properties.
 
Flexible foil packaging is available in different type of materials such as aluminum, paper, and plastic that offers various barrier properties such as protection from moisture and gases such as oxygen and carbon dioxide and is resistant to light and micro-organisms.
Market Dynamics:-
Increasing demand for aluminum foil, owing to its barrier properties and ban on the usage of plastic from food and beverages industry are the major factors that are expected to drive growth of flexible foil packaging market over the forecast period. For instance, according to the U.S. International Trade Commission (ITC), consumption of aluminum foil increased by 3.7% during 2014 to 2016 in the U.S.

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Among regions, North America held a dominant position in the global flexible foil packaging market in 2018. This is attributed to growing demand for flexible packaging in the U.S. and Canada. For instance, according to Flexible Packaging Association (FPA), flexible packaging is the second largest packaging segment in the U.S. and the industry had sales accounted for US$ 31.1 billion in 2014.
Moreover, Asia Pacific is expected to be a lucrative region in the global flexible foil packaging market by 2020, owing to growing demand for eco-friendly packaging products among consumers that has encouraged packaging manufacturers to manufacture sustainable packaging solutions. For instance, according to Coherent Market Insights’ Analysis, Asia Pacific is expected to exhibit a CAGR of 8.85% during the forecast period (2016-2025) and is expected to hold a dominant position in the market.
Key Players:
Players operating in the global flexible foil packaging market include Amcor Limited, Coppice Alupack Ltd., Alcoa Corporation, Novelis Inc., Uflex Ltd, DMG Polypack Private Ltd., SAS Aluminium Foil, China Hongqiao Group Limited, and API Group.

Market Taxonomy:-
On the basis of material type, the global flexible foil packaging market is segmented into:
• Aluminum
• Paper
• Plastic
On the basis of End-use Industry, the global flexible foil packaging market is segmented into:
• Food and Beverages
• Pharmaceutical
• Personal Care & Cosmetics
• Others

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Issued By Coherent Market Insights
Country India
Categories Blogging , Business , Industry
Last Updated January 12, 2022