Printed Aluminium Foil Packaging Market to Garner Brimming Revenues by 2028
For decades, packaging has been a crucial marketing tool for brands. A product may be exceptional and unique, and a brand needs to print just the right amount of information on the packaging that helps the consumer make the decision to buy that product. As brands across the globe push for flexible packaging solutions which utilize less resources from nature without compromising on the quality, the demand for products such as aluminium foil is expected to grow.
Aluminium foil is one of the most widely used flexible packaging formats, and is used as a laminate in many applications. Printed aluminium foil packaging is used by many brands to influence consumer purchase habits. Advancements in packaging printing technology is expected to pave way for growth in demand for printed aluminium foil packaging. Therefore, the outlook for the growth of the global printed aluminium foil packaging market is expected to be positive during the forecast period.
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Printed Aluminium Foil Packaging market: Dynamics
The global packaging industry has undergone significant transformation in the last few decades, driven by an absolute need for customization. Manufacturers of aluminium foil printing machines are focusing on machines which can print on a variety of products such as blister foil, aluminium foil, labels, PVC, and paper, among others. Embossing is also done on aluminium foil and is considered as one of the formats of printed aluminium foil packaging.
Printed aluminium foil packaging caters to a wide range of industries such as the food & beverages industry, pharmaceuticals industry, and the personal care & cosmetics industry, among others. High quality rotogravure and flexographic printing is used on aluminium foil to impart a vibrant appearance to the package. The growth in demand for flexible packaging products such as bags, pouches, wraps, rolls, lids, and blisters, among others is expected to play a critical role in the growth of the global printed aluminium foil packaging market during the forecast period.
The Asia Pacific is expected to be the leading region during the forecast period, miles ahead in terms of aluminium foil packaging production. Certain factors might prove to be a hurdle for the growth of the printed aluminium foil packaging market.
- For instance, many aluminium foil producers in the U.S. and India recently filed anti-dumping charges on China for exporting foil at predatory prices. The pricing resulted in heavy toll on the U.S. and India aluminium foil markets.
Some of the recent trends observed in the global printed aluminium foil packaging market are –
- In 2017, a researcher at Queen’s University, Belfast, discovered a way to convert dirty aluminum foil into a biofuel catalyst. The researcher noted that making the catalyst from aluminum foil cost around 120 British Pounds per Kg, which translates to USD 158,400 per ton, as opposed to USD 402,600 for production of commercial alumina catalyst.
- Vendors are eyeing recycling programs and production of foil with added features such as new ovenable and dual-ovenable varieties of printed aluminium foil
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Global Printed Aluminium Foil Packaging market: Key players
Some of the key players whose aluminium foil packaging products are printed by brands include –
- China Hongqiao Group Limited
- United Company RUSAL Plc
- Amcor Limited
- Hindalco Industries Ltd.
- Hulamin Ltd
- Alcoa Corporation
- Ess Dee Aluminium Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Printed Aluminium Foil Packaging market: Segmentation
Globally, the Printed Aluminium Foil Packaging market has been segmented as –
On the basis of thickness, the global Printed Aluminium Foil Packaging market is segmented as –
- <0.007 mm printed aluminium foil
- 007 mm – 0.09 mm printed aluminium foil
- 09 – 0.2 mm printed aluminium foil
- 2 mm – 0.4 mm printed aluminium foil
On the basis of application, the global Printed Aluminium Foil Packaging market is segmented as –
- Bakery & Confectionery
- Personal care & cosmetics
On the basis of end use, the global Printed Aluminium Foil Packaging market is segmented as –
- Bags & pouches
- Wraps & rolls
- Laminated tubes
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