Cold Form Foil Market | Tamper-evident and senior-friendly packages Drives Demand
Cold form foil is an aluminum based film, also known as cold-form foil blisters especially in the pharmaceutical sector. Cold form foil, not only provides an impervious barrier to moisture, oxygen and other gasses, but also offers complete protection of the drugs, maintains the product integrity in order to show high tolerant compliance rate. Hence, the cold form foil market is highly influenced by the growing packaging demand from pharmaceutical industry. Pharmaceuticals packaging manufacturers are implementing new methods coupled with product advancements like tamper-evident and senior-friendly packages worldwide. Rising stringent regulations and environmental apprehensions which are imposed by Food and Drug administration (FDA) and World Packaging Organization (WPO) for sealing and labeling are projected to strengthen growth in the cold form market.
Cold Form Foil Market: Dynamics
The growth of cold form foil is attributed to the growing demand for advanced medical amenities from the consumers and adoption of numerous healthcare programs in developing countries. Nowadays, manufacturers are considering cost-effective and high quality alternatives for producing convenient packages for the end-users, which in turn, drives the demand for cold form foil market.
Increasing consumption of packaging materials that provides protection as well as safety for the extension of product shelf life is expected to further drive the cold form foil market in the near future. Though cold form foil market size is growing at an impressive rate, there are factors that prohibit the growth of cold form foil market, like lack of translucency of the packages, slower production speed capacity as compared to the thermoforming and huge sizes of the blister packages which hinder the growth of the cold form foil market.
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Cold Form Foil Market: Segmentation
On the basis of application, the global cold form foil market is segmented into,
- Consumer products
- Industrial goods
On the basis of material, the global cold form foil market is segmented into,
- Plastic Film
- Polyvinyl chloride (PVC)
- Rigid PVC
- Polyethylene (PE)
- Polypropylene (PP)
On the basis of technology, the global cold form foil market is segmented into,
- Cold forming
Cold Form Foil Market: Key Players
Some of the major players of the cold form foil market includes, Amcor Limited, Sonoco Company Products, Bemis Company, Inc., Constantia Flexibles Group, ACG Pharmapack Pvt Limited, Essentra PLC, Tekni-Plex, Inc., Honeywell International Inc., and MSP Corporation