Aluminum's sustainability creates competitive business advantages while simultaneously providing product development advantages.The expansion of the industry is anticipated to be supported by technical developments such as the creation of modified atmosphere technology (MAP), which helps to lock in the freshness of food by controlling the mixture of gases such as oxygen, carbon dioxide, and nitrogen inside flexible packaging.Packaging pet food, tuna, coffee, and soups alone produces 13 billion packages across the globe, emerging as viable alternatives for conventional plastic packaging. Aluminum foil is increasingly being merged with flexible films to create lightweight packages.The increasing demand for fast-moving consumer goods, coupled with the growing economy, is expected to lead to the market's high growth in APAC.One factor that assists the growth of the household aluminum foil industry is government regulations toward food safety and quality standards, which influences manufacturers to develop effective packaging solutions that prevent food contamination.The growing demand for ready-to-eat confectioneries and pharmaceutical products is the primary driver for the household aluminum foil market. The global aluminum foil packaging market is expected to register a CAGR of 4.81% over the forecast period.
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