The global aluminum foil packaging market size was valued at USD 34.56 billion in 2020, and is predicted to be worth around USD 50.8 billion by 2030, registering a CAGR of 5.5% during the forecast period 2022 to 2030.
The rising application of aluminum foil in food and beverage packaging application is likely to be a key driving factor for the industry growth. The processed food industry is witnessing high growth owing to increasing urban population along with changing consumer lifestyles. Furthermore, availability of packaged food products through online channels is supporting the growth of the food and beverage industry, which in turn is expected to have a positive impact on industry growth.
The majority of the food consumed in western countries comes packaged. Aluminum packaging is gaining demand in food application, as it not only protects the food from contamination or spillage but also attracts consumer attention. These products are flexible, light, and are easy to recycle, which is expected to be key factors for their growing popularity in end-use applications.
The selection of aluminum foil thickness for packaging food products is done based on its end-use applications. The end-users are shifting their focus towards thinner aluminum foil packaging options to reduce the cost, compelling the market players to shift their focus on R&D related to product design.
|Market Size||US$ 50.8 billion by 2030|
|Growth Rate||CAGR of 5.5% From 2022 to 2030|
|Largest Market||Asia Pacific|
|Forecast Period||2022 to 2030|
|Segments Covered||Product, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Amcor plc; Constantia Flexibles; Novelis Aluminum; Raviraj Foils Limited; Ampco; Symetal; Aliberico S.L.U; Coppice alupack ltd; Eurofoil Luxembourg S.A.; Reynolds group holdings limited; Aleris Corporation; Zhangjiagang Goldshine Aluminum Foil Co.; JW Aluminum; Ardagh Group; Express Flexi Pack|
By Product Analysis
The aluminum foil wraps segment dominated the aluminum foil packaging market and accounted for the largest revenue share of over 33.0% in 2020.
Pouches are used for packaging products across food and beverage, personal care and cosmetics, and home care industries. Cost-effectiveness and convenience of pouches compared to rigid packaging solutions are mainly driving their growth across various applications.
The aluminum foil containers maintain brightness and reflectivity, thereby attracting consumer attention in retail spaces. Besides, aluminum foil containers can be color lacquered or printed with brand-identifying designs.
The others product segment primarily includes aluminum foil capsules and aluminum foil lidding used for sealing or closing containers. Plastic-based pods were primarily used for packaging ground coffee.
By End-use Analysis
The food and beverage segment dominated the market and accounted for the largest revenue share of 46.0% in 2020. Products including pouches, containers, capsules, and lids are broadly used for packaging bakery, dairy, confectionery, coffee/tea, and dry food, beverages, and meat and seafood items.
tobaco is a perishable consumer product where aluminum foil is the ideal barrier material for the inner lining of cigarette packets. Aluminum foil, in the form of aluminum-paper laminate, is mostly used in cigarette packets to lock the aroma of cigarettes. In the pharmaceutical industry aluminum foil is generally used to make blister lidding, and foil laminates-based pouches or bags.
By Regional Analysis
Asia Pacific dominated the market and accounted for the largest revenue share of 37.5% in 2020. In Asia Pacific, the market is increasing due to the growing middle-class population and expanding consumer markets for end-use applications including, food, beverage, and pharmaceuticals.
The pharmaceutical companies in the U.S are gradually shifting toward flexible packaging products such as blisters owing to their efficient single-dose packaging and convenience of use. This positive trend toward blister packs is likely to offer significant growth prospects to aluminum foil packaging.
In Europe, the market is likely to witness notable growth on account of growing awareness regarding sustainable packaging solutions among consumers.
Raviraj Foils Limited
Coppice alupack ltd
Eurofoil Luxembourg S.A.
Reynolds group holdings limited
Zhangjiagang Goldshine Aluminum Foil Co.
Express Flexi Pack
Food & Beverage
Central & South America
Middle East & Africa
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 2021 and the forecast between 2022 and 2030. 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 2019 to 2030. 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, end-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:
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
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.
The study objectives of this report are:
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