Egypt Aluminum Foil Market Outlook

egypt aluminum foil market is expected to witness an upsurge in demand over the forecast period, backed by increasing consumption for food packaging and industrial applications. aluminum foil is available in various forms such as rolls, sheets, die-cut pieces, pouches, tags, lidding and more. many of its major markets such as the food & beverage, healthcare and industrial sectors are transforming to adopt more advanced packaging formats. the overall food & beverage consumption in egypt is expected to remain high due to the increasing population. the rising prevalence of convenience foods and processed snacks, which require aluminum foil packaging due to their long shelf life, is expected to create a significant demand in the country over the next few years. healthcare and medical products are also increasingly packed in aluminum foil for better product protection, hygiene, convenience and attractive look, thus, further propelling the demand. industrial foil packaging demand is also estimated to witness a healthy growth over the next few years due to its cost effectiveness and lightweight characteristics. it is used for the preservation of auto parts, cables, wires, circuit boards, components and other industrial products in order to prevent corrosion. owing to these advantages, aluminum foil packages are increasingly being preferred over paper and plastic packaging. the aluminum foil market in egypt is largely dominated by the global players, however, the presence of few local players is quite prominent in the market. a few notable players include changyuan group, zhengzhou joda technology co., ltd., taixin aluminum co., ltd., rio tinto, alcoa corporation, baowu steel group and constellium amongst others. to conclude, the growing demand for convenience foods, application of aluminum foil in medical and industrial packaging and rising per capita disposable income are likely to promote aluminum foil demand in egypt over the forecast period.