Converter Aluminum Foil Market Outlook (2022 - 2032)
Aluminum foil converters are used to make laminates that are formed by layering aluminum foil with other materials such as paper and polymers. When used in protective foil packaging, aluminum offers many valuable properties that extend package life and ensure that contents remain intact. When it comes to packaging, storing, and shipping their products, it makes a great option for a variety of different businesses.
Food and beverage industry demand is on the rise, which has increased the demand for converter aluminum foil in the market. Different users can customize these containers to meet their particular needs as food storage and packaging containers. The use of these items is common in homes, catered events, hotels, and restaurants.
In addition to printing and coating labels for beverages and wine bottles, they can also create adhesive-coated foils in the market. In addition to providing a professional appearance to food and beverage containers, food service foils can add value to a brand by giving them a polished and professional appearance. As a result, the market for these converter aluminum foils is growing in this industry.
The cost of energy has increased dramatically in recent years, prompting automobile manufacturers to turn to aluminum in order to make lighter and more fuel-efficient models. Many manufacturers cater to this industry on a daily basis in terms of providing coated products to the sector, including pressure-sensitive adhesive tapes that are widely in this field on a regular basis.
Manufacturers focus on producing high-quality aluminum foil converters, regardless of whether their clients need corrosion-resistant aluminum foil or adhesive-coated aluminum foil tape.
Aluminum foil provides safe and secure packaging for pharmaceutical products like capsules, pills, and tablets in the market. To protect these drugs from moisture, air, light, and contaminants, manufacturing companies provide converter aluminum foils that can be coated and laminated to provide custom coatings and laminates on the foils. Medical and pharmaceutical companies use these foils to create a wide variety of packaging for drugs that are on the market.
Aluminum converter foil has a market value of €630 million on the European market. Key players in this region serve a wide variety of industries, including packaging and electric car batteries. By imposing tariffs on aluminum converter foil imports from China, EU companies and their employees will be protected and will be able to compete on an equal footing with Union industries.
EU industries have suffered significant damage from dumping by Chinese exporters, according to the investigation. China's aluminum converter foil has been subjected to definitive anti-dumping measures by the European Commission. A range of 15.4% to 28.5% is set as anti-dumping duties.
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Converter aluminum foil market-Introduction
Aluminum foil converters are used in flexible laminates which are layered with other supporting materials like paper or polymers. Converter aluminum foil resists flames, high humidity, UV rays, extreme temperature, and chemicals. Aluminum foil has significant properties like good thermal and electrical conductivity, good formability, non-absorptivity to water, grease, oil, and light, good adhesive capability to a variety of compounds and resistance to oxidation and chemical attacks.
These unique physical characteristics of aluminium foil makes it essential component for flexible packaging industry. It is expected that the global converter aluminum foil market would gain significant market share in near future. Converter aluminum foil bring many advantages to food packaging market.
These include its consumer friendliness, recyclability, and a comparison of converter aluminum foil containers with other packaging choices. The various applications of converter aluminum foil are food (which can be further segmented into confectionery and bakery), beverages, health care and others.
Converter aluminum foil market - Market Dynamics
The Converter aluminum foil market is expected to experience a healthy growth due to the rising demand of temperature resistant material. Aluminum foil tape provides the shield from light reflection and thermal insulation.
One of the significant factors contributing towards the growth of converter aluminum foil market is economic growth and increase of expenditure power among the people in developing countries . The change in food habits with the busy life style has led to increased demand for packaging. Growing demand for ready to eat confectioneries and pharmaceutical products is the major drivers for aluminum foils industry.
Moreover, another factor towards the growth of converter aluminum foil market is because they are cost effective, have a strong tenacity and are also convenient to use . These trends can be expected to continue as the U.S. consumer continues to demand quality food, quickly available, at reasonable prices.
The current growth rates of aluminum foil converter can be will be expected to follow the same trend. However, availability of alternative converters at low cost can act as restraining factors in the aluminum foil tape market.
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
Converter aluminum foil market - Regional Outlook
The Converter aluminum foil market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia pacific. North America has seen rise in Converter aluminum foil market due to increase in modernization and industrialization. Europe is a major market of global aluminum foil converter both in term of manufacturing and demand followed by North America.
Further, Asia Pacific is expected to see large growth in the converter aluminum foil market due to increasing manufacturing activities as well as expanding its consumer base in China and India. Over the forecast period, Latin America is expected to witness moderate growth only.
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Converter aluminum foil market - Major Players
The Key player of Converter aluminum foil market 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.
The report covers exhaustive analysis on
Global Converter Aluminum Foil Market Segments
Global Converter Aluminum Foil Market Dynamics
Historical Actual Market Size, 2012 - 2016
Global Converter Aluminum Foil Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain for Converter Aluminum Foil Market
Global Converter Aluminum Foil Market Current Trends/Issues/Challenges
Competition & Companies involved in Converter Aluminum Foil Market
Converter Aluminum Foil Technology
Value Chain of Converter Aluminum Foil
Global Converter Aluminum Foil Market Drivers and Restraints
Regional analysis for Global Converter Aluminum Foil Market includes
North America Converter Aluminum Foil Market
US
Canada
Latin America Converter Aluminum Foil Market
Argentina
Mexico
Brazil
Rest of Latin America
Western Europe Converter Aluminum Foil Market
Germany
France
U.K.
Spain
Italy
Nordic
Benelux
Rest of Western Europe
Eastern Europe Converter Aluminum Foil Market
Poland
Russia
Asia Pacific Converter Aluminum Foil Market
Australia and New Zealand (A&NZ)
China
India
ASEAN
Rest of Asia Pacific
Japan Converter Aluminum Foil Market
Middle East and Africa Converter Aluminum Foil Market
GCC Countries
North Africa
South Africa
Rest of MEA
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.
