Future Market Insights
Foil Pouch Packaging Market: Overview
In today’s world, foil packaging has appeared as an integral part of the brand packaging & promotion. Foils made up of aluminum, silver, etc. are kind of metallic elements which are available in plenty across the globe and are rather used as a barrier resistant packaging material to the protection of food & beverages, cosmetics, pharmaceutical, etc. Foil pouches form a remarkably corrosion-resistant packaging solution and are also chemically neutral. Foil pouches of various sizes & shapes are readily manufactured from foil sheets as per product & packaging requirements. Moreover, foil pouches in terms of food packaging have many advantages as this pouches can sustain temperature changes likened other packaging materials. Foil pouches form a simple, cost-effective and reliable packaging solution and most frequently used form of pouch available in the market. With more & more number of industries turning towards foil packaging, foil pouch packaging market is expected to see an incremental growth over the forecast period.
Foil Pouch Packaging Market: Drivers & Restraints
Growing consumer inclination towards convenient & sustainable packaging is the crucial factor that fuels the growth of foil pouch packaging market. Foil pouches especially the aluminum foil pouches are suitable for easy cooking of food products using ovens/microwaves as they have the ability to retain flavor, odor, original texture, etc. which fuels the larger part of the demand for foil pouches. Moreover, with a substantial rise in working-class population resulting in growth in demand for processed packaged food over the years has subsequently led to the growth of foil pouches market. However, in the recent time, growing inclination of the customers, as well as brand owners towards cost-effective substitute packaging solutions such as paper or plastic pouches, are likely to hamper the growth in the foil pouch packaging market.
Foil Pouch Packaging Market: Segmentation
The global foil pouch packaging market is segmented as follows
On the basis of product type, the foil pouch packaging market is segmented into:
On the basis of material type, the foil pouch packaging market is segmented into:
On the basis of end use, the foil pouch packaging market is segmented into:
Foil Pouch Packaging Market: Regional Overview
Geographically, the global foil pouch packaging market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
The demand of foil pouches is directly relational to the growth of food & beverages industry across the world. The growth of the APAC foil packaging market is projected to be relatively high compared to other regions of the globe as a result of increasing preference among the consumers towards suitable and attractive packaging with rise in disposable income. Also, add-on-factors such as high demand for fresh ready-to-consume food & beverages, also, application of aluminum foil pouches in cosmetics & personal care industry are likely to further drive the foil pouch market in this region during the forecast period. North America and European region especially the Western Europe is a matured market for foil pouches and is thus projected to create significant demand over the forecast period. Latin America region especially the emerging economies such as Brazil, Mexico, etc. are estimated to witness immense growth opportunities from the on growing food and beverages industry.
Overall, Global foil pouch packaging market is expected to grow at a healthy CAGR over the forecast period.
Foil Pouch Packaging Market: Key Players
Some of the key players that operate in global foil pouch packaging market are Amcor limited, Ampac Holdings, LLC, Sealed Air, Mondi Group, Bemis Company, Inc., Sonoco Products Company, Winpak Limited Company, Berry Plastic Group, Inc., Flair Flexible Packaging Corporation, and many more.
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