Turkey Aluminum Foil Market Outlook

turkey has established itself as an important aluminum foil producer and consumer in the international trade market over the past two decades, and this trend has been increasing year-on-year. the country produces a wide range of aluminum foil products including industrial, commercial, decorative and packaging foils, owing to the various end-use applications of aluminum foils and the current increasing demand for them in the global market. in 2018, turkey's aluminum foil market is expected to benefit from the thriving tourism industry, along with encouraging corporate investments. the demand for aluminum foils has been steadily increasing in turkey due to their versatile and multi-functional application in diverse areas such as food packaging, pharmaceuticals packaging and industrial insulation. with the recent reduction in import duties imposed on aluminum foil products, prospects for the industry are promising. the demand for turkey aluminum foils is expected to grow in the near future, driven by the increasing humid atmosphere in the country, prompting many industry participants to focus on the development of advanced, lightweight and durable products aimed at insulating buildings and homes. in addition, several turkish firms are moving towards producing premium quality decorative foils for interior décor and luxury construction projects. the wide range of utility of these products is providing a much needed boost to the market. furthermore, informational technology (it) advancements are driving the growth of the industry as businesses across the globe are relying on online shopping options. this has opened up an immense opportunity for the aluminum packaging and foil industry in turkey as customers demand for innovative, eco-friendly and reliable packaging solutions. this, combined with increasing retail, service and trade demands are projected to boost the turkey aluminum foil market. overall, the outlook for the turkish aluminum foil market for the period from 2018 to 2032 is positive. the growth in the end-use industries along with increasing innovations in the global packaging industry will continue to drive demand. furthermore, the influx of new technologies and ongoing investments in the industry are expected to significantly bolster the market growth.