Aluminum Foil Packaging Market Size to surpass USD 36.9 Bn by 2032, Says Global Market Insights Inc.
Aluminum Foil Packaging Industry size is predicted to register 4.2% CAGR between 2023 and 2032 driven by growing food industry.
Selbyville, Delaware, Nov. 13, 2023 (GLOBE NEWSWIRE) — Aluminum Foil Packaging Market is estimated to be worth more than USD 36.5 billion by the end of 2032, according to the
Asia Pacific aluminum foil packaging market accounted for sizable revenue share in 2022 and is anticipated to record robust growth from 2023-2032. The expanding food and beverage sector in the region is amplifying the demand for reliable and versatile packaging solutions. Moreover, the rapidly evolving consumer preferences and the rising trend of on-the-go consumption will fuel the adoption of aluminum foil packaging solutions. For instance, in August 2023, Australian packaging company Orora Beverage launched a new aluminum can production line worth A$110 million at its Dandenong facility in the country’s southeast Victoria to expand its beverage can manufacturing capacity.
Some major companies operating in the aluminum foil packaging market are Novelis Inc., Reynolds Consumer Products Inc., Tetra Pak International S.A., Ball Corporation, Hulamin Ltd., Alcoa Corporation, Eurofoil, and Aleris Corporation, among others. In response to rising consumer demand for environmentally friendly packaging, these industry players are investing in the development of simple and lightweight aluminum packaging solutions. Citing an instance, in September 2023, Ball Corporation, developed a revolutionary printing technique, Eyeris® to cater to the growing demand for aluminum cans and impact extruded bottles.
Browse Our Reports Store – GMIPulse @ https://www.gminsights.com/gmipulse
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
