According to a recent survey conducted by ChemView Consulting, the Global Aluminum Foil Lids Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 1547.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.3% and is expected to reach a valuation of US$ 2,593.8 Mn by 2032 end.
Lightweight and practical packaging solutions are some of the latest developments in the packaging industry. Aluminum foil lids are widely used in food and beverage product packaging to efficiently seal cups and containers used to store food. Aluminum foil lids are generally pre-cut to the size of trays, mugs, jars, etc. for ease of use by manufacturers. It can be printed or unprinted.
aluminum foil lids provide excellent barrier properties against ambient air, light and gases, preserving flavor and protecting food stored in containers. The top of the container can be easily sealed, providing a leak-free packaging solution. It also increases the shelf life of the product. The secondary aluminum used to manufacture aluminum foil lids is easily recyclable and uses 95% less energy than manufacturing primary aluminum.
Aluminum is easy to recycle, eliminating the need for expensive one-way systems. Aluminum foil also prevents food from coming into contact with harmful germs and bacteria in the air. Aluminum foil lids are used in the pharmaceutical industry to seal tubes, jars, blisters, or various types of bottled medicines.
Aluminum Foil Lids: Market Dynamics
In recent years, rising disposable income and consumption levels of middle-class households in emerging markets have increased the demand for packaged food and beverages. This will drive the aluminum foil lids market. The increasing use of PET bottles or containers for storing medicines in the pharmaceutical industry further fuels the high demand for the aluminum foil lids market.
Brand owners include aluminum foil lids on product packaging to increase brand value and product differentiation. Technological innovations in the design of aluminum foil lids to minimize waste offer growth opportunities in this market. Numerous studies have shown that the use of aluminum in food packaging increases the likelihood of Alzheimer’s and Parkinson’s diseases, which could hamper the global aluminum foil lid market in the near future.
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A list of some of the key suppliers present in the market are:
- Winpak Ltd.
- Amcor Limited
- Constantia Flexibles Group GmbH
- CLONDALKIN GROUP
- Watershed Packaging Ltd.
- Bemis Inc.
- Tadbik Ltd.
- Daga Poly Laminators Private Limited
- Purusharth Packaging
- Able Packaging Company
- Bright Packing Co., Ltd.
- Jiangyin Jinlai Aluminum Plastic Packi.
Report Coverage and Highlights
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
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