FLEXIBLE FOIL PACKAGING MARKET ANALYSIS
Market Dynamics:-
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.
Furthermore, various manufacturers are engaged on launching new products, in order to enhance their global product portfolio. For instance, in December 2018, Uflex, one of the leading flexible packaging players in India, launched pharmaceutical packaging products, which include child resistant and senior friendly foil, fast tear strip foil and PET-based cold form blister. Fast tear strip foil is manufactured to impart easy tear-ability of the laminate without any effort.
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