Flexible packaging is a method of packaging products that uses non-rigid materials, allowing for more cost-effective and customizable options. It is a relatively new method in the packaging market that has grown in popularity due to its high efficiency and low cost. This packaging method creates pouches, bags, and other pliable product containers using a variety of flexible materials such as foil, plastic, and paper. Flexible packaging is especially useful in industries that require versatile packaging, such as food and beverage, personal care, and pharmaceutical.
Flexible foil packaging is available in different type of materials such as aluminum, paper, and plastic that offers various barrier properties such as protection from moisture and gases such as oxygen and carbon dioxide and is resistant to light and micro-organisms.
Increasing demand for aluminum foil, owing to its barrier properties and ban on the usage of plastic from food and beverages industry are the major factors that are expected to drive growth of flexible foil packaging market over the forecast period. For instance, according to the U.S. International Trade Commission (ITC), consumption of aluminum foil increased by 3.7% during 2014 to 2016 in the U.S.
To cover the market in depth, the report was prepared using a solid research methodology. The market report has undergone extensive primary and secondary research in order to publish a premium Flexible Foil Packaging report. To gain a thorough understanding of the market, the dedicated research team conducted interviews with delegated industry experts. This market research report discusses the factors that influence product pricing, revenue, and growth. Furthermore, it has the potential to assist new entrants as well as existing industry players in developing a strategic business strategy for their products.
Top Key Players in Flexible Foil Packaging market: Amcor Limited, Coppice Alupack Ltd., Alcoa Corporation, Novelis Inc., Uflex Ltd, DMG Polypack Private Ltd., SAS Aluminium Foil, China Hongqiao Group Limited, and API Group.
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