PTP Aluminum Foil Market: Overview
- PTP aluminum foil is most commonly known as Press through packing aluminum foil in Europe, while it is known as Press through Foil in China. Sometimes, PTP aluminum foils are called pharmaceutical PTP aluminum foils, as they are largely utilized in pharmaceutical applications.
- PTP aluminum foils facilitate heat sealing with PVC, PVDC-coated PVC, and PP for pharmaceutical purposes in blister packing process, such as capsules, tablets, and pills. Due to this, these foils are also called blister foils or push-through lidding foils.
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- In the manufacturing process of Press through Packing (PTP), aluminum is coated with a heat sealing material and then, it is sealed with a blister material. PTP aluminum foils can be used as unprinted foil or printed foil. A printed foil can be printed on one side or both sides.
- PTP aluminum foils offer advantages such as resistance to oxygen, moisture, leakage, pollution, and light. They are light in weight and they can be easily cut in automatic production lines. They have high tension strength and low shrinkage.
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Key Drivers of Global PTP Aluminum Foil Market
- The world is currently witnessing rapid advancements in technology and growth of medical science and health care sectors. The pharmaceutical industry is expanding at a significant pace in developing as well as developed countries. Thus, the demand for PTP aluminum foils in the pharmaceutical sector is increasing at a significant pace. This is anticipated to drive the global market for PTP aluminum foils during the forecast period.
- The global food industry is expanding at a rapid pace, owing to increase in the trend of ordering food online and takeaway food services, rise in the standards of living of people, and increase in spending on food. This, in turn, is anticipated to drive the global PTP aluminum foil market during the forecast period.
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Global PTP Aluminum Foil Market, by Application
- Based on application, the global PTP aluminum foil market can be segmented into pharmaceutical (including capsules, tablets, pills, and pastilles), food, health care products, and others
- PTP aluminum foils are largely used in the pharmaceutical industry for packing of capsules, tablets, pills, and pastilles. The pharmaceutical segment is projected to account for a major share of the global PTP aluminum foil market by 2027.
- Furthermore, use of PTP aluminum foils is projected to extend to food and personal care industries, owing to the increasing trend of ordering food online and takeaway food services. Thus, the food segment is also expected to expand at a significant rate during the forecast period.
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Asia Pacific to be a Key Market for PTP Aluminum Foils
- In terms of region, the global PTP aluminum foil market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is anticipated to be a major region of the global PTP aluminum foil market by 2027, followed by Europe, owing to the increasing demand for PTP aluminum foils in pharmaceutical and food industries. Rise in usage of PTP aluminum foils in the pharmaceutical industry and increased number of domestic players in end-use industry verticals are key factors boosting the market in these regions.
- The market in North America, Latin America, and Middle East & Africa is estimated to expand at a moderate pace during the forecast period, owing to growth of pharmaceutical, food, and packaging industries in these regions.
Key Manufacturers Operating in Global PTP Aluminum Foil Market
The global PTP aluminum foil market was highly fragmented in 2019. Major players have prominent presence in the market in developing countries. Key manufacturers operating in the global market are:
- Lotte Aluminum
- Zhejiang Tiancheng Medical Packing
- Toyo Aluminum
- Loften Environmental Technology
- Yea Sing Enterprise
- Hongli
- Jiangsu Zhongjin Matai Medicinal Packaging
- Goldstone Pack
- Weifang Yuanbin Pharmaceutical Packaging