North America's converter aluminum foil market is surging thanks to growing modernization and industrialization trends.

NEWARK, DELAWARE, UNITED STATES OF AMERICA, September 27, 2023 /EINPresswire.com/ -- The global converter aluminum foil market is bound to grow on a stellar note between 2023 and 2033.

Sunlight does affect several groceries; thereby causing damage to taste and appearance. Aluminum foil is amongst the viable solutions to address these packaging needs; which, in turn, lead to the material being looked upon as an ideal core for the dairy products and bakery verticals. Dry milk coming in hermetically sealed packages (made from aluminum foil) does have shelf life of 2 years.

The Aluminum Association states that almost 75% of aluminum produced is still in use. Also, on disposing off, aluminum waste doesn’t add any of poisonous contaminants to ground or water. It could also be ergonomically recycled. Strong tenacity and frugality are the other two factors driving the converter aluminum foil market and the scene is expected to be the same even going forward.

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Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Converter Aluminum Foil Market’. It has its determined team of analysts and consultants to look through a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With aluminum foil rendering protection against bacteria, oxygen, light, and moisture, t food & beverages and pharmaceuticals sectors are expected to act as catalysts to converter aluminum foil market going forward”, says an analyst from Future Market Insights.

Key Takeaways from Converter Aluminum Foil market

North America holds the largest market share with the US being subject to exponentiation of industrialization and modernization.

Europe is expected to grow on the back of Germany, Italy, France, Spain leading from the front with the future scenario remaining the same.

The Asia-Pacific is expected to grow at the fastest rate in the converter aluminum foil market going forward with growing consumer base in India and China. In 2022, India’s very first Golden Embossed HOMEFOIL got launched, LSKB Aluminum Foils Pvt. Ltd. had launched it at the 37th AAHAR International Food and Hospitality Fair.

LATAM is expected to pick up pace with Brazil and Argentina creating ripples.

Competitive Analysis

Novelis, in July 2022, did announce expansion portfolio of cosmetics to contain 100% recycled aluminum, thereby offering consumers wellness, beauty, and skincare products thereon.

Amcor, in August 2022, did announce acquiring a flexible packaging plant based out of Czech Republic with the objective of increasing its capacity spanning bags, pouches, laminates for Europe-based food packaging network.

Constantia Flexibles, in October 2022, did invest US$ 80 Million for building a novel rolling mill and the other manufacturing line at Austria-based plant. The company claims to curtail emissions of carbon dioxide by making provisions of rolling mills with greener electricity coupled with generation of solar energy.

The Major Key Payers Are:

Alufoil Products Pvt. Ltd
Amco India Ltd
Nadco Tapes & Labels, Inc.
Myra Foils
Raviraj Foils Limited
Aluminium Foil Converters Pvt. Ltd
Symetal Aluminium Foil Industry, S.A.
All Foils, Inc.
Bright Packaging Industry Berhad.

What does the Report convert?

The research study is based on application (pharmaceutical, food & beverages, personal care, cosmetics, and likewise), and product type (laminated tubes, wraps, lid, foil, pouches, and likewise).
Realization of the fact that converter aluminum foil provides an extended package life is expected to accelerate the converter aluminum foil market going forward.

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Key Segmentations-

The global Converter aluminum foil market is segmented based on application, product type, and region. On the basis of application, Converter aluminum foil market can be segmented into food & beverage, pharmaceutical, cosmetic and personal care and others.

On the basis of product type, Converter aluminum foil market can be segmented into wraps, laminated tubes, pouches, foil, lid and others. The pharmaceutical packaging can be further sub segmented into strip packing, blister packing, and cold form packing

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show - Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

Have a Look at Related Reports of the Packaging Domain:

Aluminum Foil Market Size: The global aluminum foil market value is expected to rise from US$ 29,937.0 million in 2023 to US$ 51,463.2 million by 2033.

Aluminum Aerosol Cans Market Growth: The aluminum aerosol cans market is likely to capture a valuation of US$ 4.4 billion in 2023 and is expected to rise to US$ 7.1 billion by 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Ankush Nikam
Future Market Insights, Inc.
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