Reports
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States
Americas
Future Market Insights, Inc.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States
MEA
Future Market Insights
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom
Asia Pacific
Future Market Insights
IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India
Packaging is becoming a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards safe and secure packaging. The demand for intelligent packaging solutions like Foil laminates is rapidly increasing in order to protect and transport products. In the packaged food segments, especially dairy and ready-to-eat meals, foil laminates act as a barrier and are essential for the protection of the food from sunlight, moisture and other gasses to improve the product life.
Future Market Insights recent study suggests that the growth of the global Foil laminates market is driven by the busy lifestyle of the working population in the U.S. is increasing consumer reliance on packaged food and beverages, boosting the demand for foil laminates. FMI further indicated that as most of the liquid packaging cartons are made up of foil laminates, the liquid packaging cartons are expected to create a large opportunity for foil laminates market during the forecast period. Moreover, the development of printing technology has enabled the printing of high-quality creative graphics, which has found applications in interior and decorations.
Research shows great potential of Foil laminates that provides all the features for packaging for various commodities. In addition to this, it also highlights the features such as-
To reach potential outcomes, organizations are investing in intelligent and innovative packaging solutions. For instance, in 2020, Hindalco Industries partnered with Jute Corporation of India to create India’s first recyclable aluminum-foil-laminated jute bags for Tirumala Tirupati Devasthanams (TTD), the trust that manages the Tirumala Venkateswara Temple in Andhra Pradesh.
The one of its kind aluminum foil-laminated jute bag is a substitute for plastic bags used to carry the famous Laddu Prasadam. The aluminium foil lamination ensures the laddus retain freshness and aroma, and remains free from moisture and bacteria. These 100% recylable bags are expected to replace single-use plastic bags.
Foil laminates are the multilayer films of plastics or paper with one of the thin layer of metal. This additional layer of metal adds to the attractive aesthetics of the packaging. Moreover, the metal layer provides moderate barrier properties against moisture. Various other properties in addition to these have created wide applications for the foil laminates in multiple industries. These factors have contributed to the well-established foil laminates market globally.
Metals possesses some of the superior physical properties such as moisture barrier, luminosity, high strength and others. As it is difficult to produce the required thickness of metal for flexible packaging, therefore, a thin coating of metals on the plastics or paper provides the solution for flexible metal packaging. Moreover, foil laminates weigh lower due to the low density of paper and plastics.
Market share of metals in packaging is considerably high, and most of it is used in flexible packaging products.
EXHIBIT-1: Market share of global packaging by material type
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The application of thin metal layer on different materials results in enhanced properties and better aesthetics. Although, the layer of the metal provide moderate barrier properties, the application of metal layer on high barrier material results into a packaging product with superior barrier properties, which is desirable in premium cosmetics, pharmaceuticals, packaged food and some other packaging applications. The liquid packaging cartons, especially for dairy products, are attracting the end-consumers leading to the inclination in the growth rate of demand.
As most of the liquid packaging cartons are made up of foil laminates, the liquid packaging cartons are expected to create a large opportunity for foil laminates market during the forecast period. Moreover, the development of printing technology has enabled the printing of high-quality creative graphics, which has found applications in interior and decorations.
Asia Pacific region, specifically China is the largest producer of aluminum and stainless steel in the world. Thus, the cost of most of the metals is lowest in the region as compared to others. Moreover, high manufacturing capability of the Asia Pacific region leads to high production of foil laminates. Also, a large number of packaging converting companies in the Asia Pacific led to a large market size of foil laminates in the region.
Some of the key players in the global Foil Laminates market are
Amcor and Dunmore are some of the well-established global players which along with foil laminates provides a large number of other products. While, Hindalco, Huawei Aluminum, Eurofoil, and others are the key players of primarily aluminum foils and other foil laminates.
A large number of emerging players of foil laminates are established in Asia Pacific region due to the high availability of moderate capacity machines at highly economic prices along with low cost of metals and other raw materials. Large and further expanding packaging industry in the region has supported the emergence of a large number of regional foil laminates market.
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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.
The global foil laminates market can be segmented by the material type as
The global foil laminates market can be segmented by the end-user industry as
The global foil laminates market can be segmented by packaging type as
The global foil laminates market can be segmented by printing technique as
The global foil laminates market can be segmented by the geographical regions as
Recommendations
Explore Packaging Insights
View Reports