Aluminum Foil Packaging Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Others

The global aluminum foil packaging market is growing at CAGR of 5% by 2027 owing to increasing demand from food service sub-segments such as ready-to-eat meals and bakery & confectionery across several countries.

The aluminum foil packaging market is estimated to be driven by the growing demand for wraps & rolls in the food service industries, as a result of grab-and-go breakfast trend. Several pharmaceutical manufacturers also prefer aluminum foil packaging, owing to its high barrier properties and flawless print finish for blister packs, lids, bags & pouches further lifting up the growth of aluminum foil packaging market across the globe

Factors that will influence the market growth include high demand from the food & beverages sector, introduction of innovative packaging concepts, exceptional functional properties, and environmental benefits. The ongoing COVID-19 pandemic is likely to have a negative impact on the demand from the food & beverages sector. However, market players should tap into opportunities from the pharmaceutical sector amid the ongoing health crisis, as the demand for COVID-19 medication continues to grow at a rapid pace.

Aluminum foil packaging is preferred in various end-use industries, including food & beverages, pharmaceuticals, personal care & cosmetics, and numerous other industries. Aluminum foil packaging can offer complete protection from oxygen, light, moisture, and bacteria making it apt for food and medicine packaging. The VRR team segmented the analysis of aluminum foil packaging market based on various factors such as thickness, foil type, application, and end use across five regions. As per VRR analysis, unprinted type of aluminum foil packaging is expected to hold the largest market share during the forecast period, owing to its multiple usage in bakery & confectionary, blister packages, online food delivery items, and others due to its non-toxic nature.

Aluminum Foil Packaging Highly Preferred in Food and Beverages

Bags & pouches, wraps & rolls, and laminated trays application segments of the aluminum foil packaging market are gaining more traction in food service and online food delivery businesses from the past several years. Aluminum foil packaging is mostly considered as the ultimate core packaging material for dairy products, chocolates, pastries, beverages, fruit juices, etc. Besides this, aluminum foil packaging have less impact on the environment, as it contains an average 73 percent recycled content, more than three times the amount of glass or plastic products. These factors make aluminum foil packaging a preferred format by consumers who keep sustainability in mind, while making purchase decisions. According to the Product Complexity Index (PCI), aluminum foil packaging is the 275th most traded product in the world. Consumer inclination toward aluminum foil packaging, combined with increasing fast food consumption worldwide, will also help boost the growth of the global demand for aluminum foil packaging.

Asia Pacific Emerging as Major Aluminum Foil Packaging Market

Due to the expansion of key industries such as food & beverages, pharmaceuticals, personal care & cosmetics, etc., sky-high demand for aluminum foil packaging is expected during the forecast period. India and China, which enjoy leading positions as two of the largest consumers of aluminum foil packaging in Asia Pacific, offer plenty of opportunities to vendors from across the world to invest in this lucrative market. This can either be done by collaborating with successful local players to expand into the region, or through mergers & acquisitions. Latest advancements in the global aluminum foil packaging market has slowly shifted the production base to the East, particularly in Asia.

Health Difficulties Related with Aluminum Foil Packaging May Hinder Market Growth

Nearly every fifth person in the world wraps food using aluminum foil packaging, and many use it for cooking too, mostly during roasting and baking. Despite the suitability of aluminum foil packaging and other desired features, it is reflected unsafe, as aluminum can react by leaching out to food in contact with the foil, as it is not fully inert. Most people heat traditional foil-wrapped food even though it cannot be used in microwave and ovens. Besides this, during the cooking cycle, aluminum migration to food reaches the allowable limit set by the World Health Organization. In a study examining the effects of hemodialysis causing aluminum to build up in the blood from sources such as aluminum foil packaging has been found to increase the risk of developing bone disease. Increasing customer concern about health issues associated with aluminum foil packaging could hamper the growth of the demand for aluminum foil packaging. Hence, one of the options will be to develop new ovenable aluminum foil packaging types, which is safe for cooking.

Emphasis on Consumer Convenience and Eco-Friendly Packaging

  • The global aluminum foil packaging market is largely driven by consumer convenience and therefore, vendors need to focus on consumer-friendly designs of packaging solutions, which include features such as easy-open, ready-to-cook packaging, re-sealable packaging, etc.
  • In addition, increasing awareness among consumers regarding environmental impact of materials used in packaging and products has led to several people prioritizing environment-friendly brands
  • According to independent estimates, almost 75% of almost one-billion tons of aluminum ever produced is still in active use across various industry verticals, including aluminum foil packaging. This property of maximum recyclability of aluminum presents numerous opportunities to dealers to augment their product portfolio with more aluminum foil packaging solutions, coupled with a solid focus on consumer convenience.   

Integration of Components and Growing Application in Various Industries

  • A recent trend observed in the market is the growing demand for aluminum foil packaging due to its versatility, ease of use, and recyclability. Aluminum foil is one of the most consumed aluminum products across the world. Aluminum foil packaging can provide complete insulation to light, oxygen, moisture, and bacteria making it the perfect product for food, pharmaceuticals, and personal care & cosmetics packaging. Since, aluminum foils are mostly used in packaging applications, developed economies are the top consumers of this foil.
  • North America and Europe have witnessed increased growth in the packed food market, creating an absolute need for good quality high barrier packaging solutions. Ready-to-eat meals and processed food market have witnessed significant growth, resulting in increased demand for high barrier materials such as aluminum foil packaging.
  • According to the European Aluminum Foil Association (EAFA), almost 3/4th of the foil produced in Europe is consumed in aluminum foil packaging, i.e. flexible packaging and household foil. The European market has witnessed solid performance from ‘thin-gauge’ foil, which is mainly used for flexible packaging and as house foils.

Competition Landscape

The global aluminum foil packaging market is expected to witness competition, as many bulk manufacturers from China and India are trying to grab major market share. Aluminum foil packaging market includes many well established market participants and numerous other local players, attributing to major revenue creation with the raising demand for blister packs, trays, laminated tubes and other products. Some of the key players operating in the global aluminum foil packaging market are China Hongqiao Group Limited, United Company RUSAL Plc, Amcor Plc, Hindalco Indistries Ltd., Hulamin Ltd., Alcoa Corporation, Ess Dee Aluminium Ltd., Novelis Inc., Eurofoil, Pactic LLC, Penny Plate, LLC, Alufoil Products Pvt. Ltd., Wyda Packaging (Pty) Ltd., Nicholl Food Packaging, and among others.

The Tier structure is formulated on the basis of segmental revenue and market share of the company. As per Tier structure, Pactic LLC, United Company RUSAL Plc and Alcoa Corporation are the Tier 1 players in the aluminum foil packaging Market. These players are focusing on the development of more flexible, versatile, and stable aluminum foil packaging solutions. Tier 2 players includes Hindalco Industries Ltd, Amcor Plc, Penny Plate, LLC, and among others.

Market Segmentation

By Thickness

  • 0.007 mm – 0.09 mm
  • 0.09 mm – 0.2 mm
  • 0.2 mm – 0.4 mm

By Foil Type

  • Printed
  • Unprinted

By Application

  • Food
    • Dairy
    • Bakery & Confectionary
    • Ready-to-eat
    • Others
  • Beverages
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Others

By End Use

  • Bags & Pouches
  • Wraps & Rolls
  • Blisters
  • Lids
  • Laminated Tubes
  • Trays

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Report Scope

The Aluminum foil packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Aluminum foil packaging market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Aluminum foil packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Aluminum foil packaging market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Aluminum foil packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Aluminum foil packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Aluminum foil packaging by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Aluminum foil packaging market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Aluminum foil packaging market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Aluminum foil packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Aluminum foil packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Aluminum foil packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Aluminum foil packaging market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Aluminum foil packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Aluminum foil packaging market. These factors have benefited the growth of the global market for Aluminum foil packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Aluminum foil packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Aluminum foil packaging are as follows:

  • History Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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