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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.

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.

Market Outlook:-

Among regions, North America held a dominant position in the global flexible foil packaging market in 2018. This is attributed to growing demand for flexible packaging in the U.S. and Canada. For instance, according to Flexible Packaging Association (FPA), flexible packaging is the second largest packaging segment in the U.S. and the industry had sales accounted for US$ 31.1 billion in 2014.

Moreover, Asia Pacific is expected to be a lucrative region in the global flexible foil packaging market by 2020, owing to growing demand for eco-friendly packaging products among consumers that has encouraged packaging manufacturers to manufacture sustainable packaging solutions. For instance, according to Coherent Market Insights’ Analysis, Asia Pacific is expected to exhibit a CAGR of 8.85% during the forecast period (2016-2025) and is expected to hold a dominant position in the market.

Growing fast-moving consumer goods (FMCG) sector in India and China is further expected to drive growth of the flexible foil packaging market over the forecast period. For instance, according to the India Brand Equity Foundation (IBEF), fast-moving consumer goods (FMCG) sector is the fourth largest sector in Indian economy. Moreover, in 2018, the revenue of FMCG sector was valued at US$ 52.75 billion and is estimated to reach US$ 103.7 billion by 2020, according to the same source.

Key Players:-

Players operating in the global flexible foil packaging market include 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.

Key Developments:-

  • Players operating in the global flexible foil packaging market are focused on adopting different strategies such as mergers and acquisitions to strengthen their market position in the global market. For instance, in August 2019, Coppice Alupack, manufacturer and supplier of packaging, acquired Nicholl Food Packaging, an aluminum foil manufacturer and supplier in the U.K.

Market Taxonomy:-

On the basis of material type, the global flexible foil packaging market is segmented into:

  • Aluminum
  • Paper
  • Plastic

On the basis of End-use Industry, the global flexible foil packaging market is segmented into:

  • Food and Beverages
  • Pharmaceutical
  • Personal Care & Cosmetics
  • Others

On the basis of region, the global flexible foil packaging market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • North Africa
    • Central Africa
    • South Africa
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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users