USD 25640.48 million
Global Aluminum Foil Packaging Market Size, Share, Growth Analysis, By Products(Foils Wraps, Pouches), By End User(Food & Beverage, Tobacco), By Type(Rigid, Semi-rigid) - Industry Forecast 2023-2030
Report ID:
SQMIG15G2070 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
93 |
Figures:
76
Global Aluminum Foil Packaging Market Insights
Aluminum Foil Packaging Market size was valued at USD 25640.48 million in 2021 and is poised to grow from USD 26666.1 million in 2022 to USD 37954.17 million by 2030, growing at a CAGR of 4% in the forecast period (2023-2030).
Aluminum foil is a crucial component of laminates and is widely used in food packaging. It generally performs better than any plastic laminate material in terms of resistance to the resettling of moisture, oxygen, and other gases as well as the impact of light. The expansion of the pharmaceutical and food and beverage industries has resulted in a significant increase in demand for products in this industry. The Earth is rich in aluminium, which is also entirely recyclable.
Aluminum foil is increasingly being used in food and beverage packaging, which is projected to be a major contributor in the industry's growth. Due to changing consumer lifestyles and an increase in the urban population, the processed food business is expanding quickly. Additionally, the expansion of the food and beverage business is being aided by the accessibility of packaged food items through online channels, which is anticipated to have a favourable effect on industry growth. More and more flexible films are being combined with aluminium foil to create lightweight packaging. Pet food, tuna, coffee, and soups alone generate 13 billion packets worldwide, making them feasible substitutes for traditional plastic packaging. Additionally, the market is expanding as a result of the rising demand for pharmaceutical items brought on by the rising incidence of diseases and the introduction of plastic bans in numerous nations. In addition, manufacturers are using aseptic packaging to protect the sterility of products due to increased worries about the spread of the coronavirus illness (COVID-19) through packaging surfaces, which is projected to propel the market even further.
US Aluminum Foil Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Food & Beverage
Fastest Growth
Tobacco
Growth Rate
4% CAGR
Global Aluminum Foil Packaging Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Aluminum Foil Packaging Market By End User , 2021-2028($ Bn)
Global Aluminum Foil Packaging Market Size By End User , 2021-2028 (%)
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Global Aluminum Foil Packaging Market Segmental Analysis
The Global Aluminum Foil Packaging Market is segmented based on Type, Product, End User and Region. Based on Type it is segmented into Rigid, Semi-rigid and Flexible. Based on Product Aluminum Foil Packaging Market is segmented into: Foils Wraps, Pouches, Blisters, Containers, Others. Based on End User Aluminum Foil Packaging Market is categorized into Food & Beverage, Tobacco, Pharmaceutical and others. Based on region Aluminum Foil Packaging Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Aluminum Foil Packaging Market Analysis by Product
With a sales share of over 30% in 2021, the sector of aluminium foil wraps dominated the market for aluminium foil packaging. In snack pouches, liquid cartons, candy wraps, confectionery wraps, and medicinal pouches or bags, they serve as one of the layers. Foil wraps are a well-known product category as a result of their wide range of applications in end-use industries.
Products in the food and beverage, personal care and cosmetics, and home care industries are packaged in pouches. Pouches' expansion across a variety of applications is primarily being driven by their cost-effectiveness and ease when compared to rigid packaging options.
The bright and reflective aluminium foil packaging continue to draw customers' attention in retail settings. Containers made of aluminium foil can also be colored-lacquered or printed with logos. Aluminum foil containers are anticipated to be appealing choices due to the rising need for environmentally friendly packaging, particularly in the food and beverage industries.
Aluminum foil capsules and lidding used to seal or close containers are the main components of the other product group. Ground coffee was largely packaged in plastic-based pods. However, coffee firms are gradually converting to capsule pods made of aluminium foil because to worries about the sustainability of plastic materials.
Aluminum Foil Packaging Market Analysis by End User
In 2021, the aluminum foil packaging market was dominated by the food and beverage segment, which had the highest revenue share of 45%. For packaging bakery, dairy, confectionery, coffee/tea, dry food, beverages, meat and seafood items, among other foods, products including pouches, containers, capsules, and lids are frequently utilised. Aluminum foils are widely used in the food and beverage sector for packaging purposes because to their versatility, light weight, protection from food and aromas, wide availability, and affordability. Aluminum foil is the best barrier material for the inner lining of cigarette packages because tobacco is a perishable consumer good. To lock in the aroma of cigarettes, aluminium foil is typically utilised in cigarette packets as an aluminum-paper laminate. providing the visual attractiveness or appearance of tobacco packaging as well. Over the anticipated period, this application segment is forecast to experience a CAGR of 3.7%
Aluminum foil is typically utilised in the pharmaceutical sector to create blister lidding, foil laminate-based pouches, and bags. Because pharmaceutical formulations like lozenges, tablets, and capsules are so vulnerable to contamination, aluminium foil, which is a strong barrier to gases and light, finds important uses in the pharmaceutical sector.
Global Aluminum Foil Packaging Market By End User, 2021(%), 2021 (%)
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Global Aluminum Foil Packaging Market Regional Insights
In 2021, Asia Pacific dominated the aluminum foil packaging market and contributed for 38% of total sales. Due to the region's burgeoning middle class and consumer markets for products including food, beverages, and pharmaceuticals, the industry is expanding throughout Asia Pacific. Due to significant manufacturing expenditures and large populations of consumers, India and China are projected to become the product's two most important markets.
Due to its effective single-dose packaging and ease of use, pharmaceutical companies in the U.S. are rapidly moving toward flexible packaging solutions like blisters. Aluminum foil packaging is projected to experience significant development opportunities as a result of this encouraging trend toward blister packs.
Because consumers are becoming more aware of sustainable packaging options, the market in Europe is expected to increase significantly. Furthermore, the industry is probably going to benefit from strict government rules in the area that aim to reduce the use of plastic packaging.
Global Aluminum Foil Packaging Market By Geography, 2021 - 2028, 2023-2030
- Largest
- Fastest
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Global Aluminum Foil Packaging Market Dynamics
Aluminum Foil Packaging Market Driver
- The need for alternative packaging options is rising as consumer awareness of the negative environmental effects of plastic increases, which is good news for the aluminium packaging business.
- The key elements anticipated to propel the category in the near future are the fast-paced lifestyle, the simplicity of ordering through online platforms, and the freedom to select from a wide range of eateries.
- During the projected period, the markets for food, cigarettes, cosmetics, and medicines are anticipated to be the main drivers.
- Alternative packaging materials like glass, paperboard, pulp, plastic, and others are predicted to offer the market resistance.
- Additionally, the new environmentally harmful mining techniques needed for metal manufacturing prevent the metal from recovering from recycling throughout production.
Aluminum Foil Packaging Market Restraint
- The price of raw materials has a significant impact on the profit margins of market participants. Uncertainty about the availability of raw materials at reasonable or constant pricing as a result of fluctuating aluminium prices is projected to be a major concern for the business.
- The rapid adoption of low-cost alternatives made of flexible plastic, such as bags and pouches, is another factor limiting industry growth.
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Global Aluminum Foil Packaging Market Competitive Landscape
The existence of several international players defines the global aluminum foil packaging market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our aluminum foil packaging market reports, some of the leading quality aluminum foil packaging manufacturers are as follows: Amcor Ltd. (Australia), China Hongqiao Group Limited (China), United Company RUSAL Plc. (Russia), Ess Dee Aluminum Ltd (India), Alufoil Products Pvt. Ltd. (India), Nicholl Food Packaging (U.K.), Wyda Packaging (Pty) LTD (South Africa), Penny Plate, LLC (US), Alcoa Corporation (US), Novelis Inc. (US).
Aluminum Foil Packaging Market Top Players Company Profiles
- Amcor Ltd.
- Alcoa Corporation
- Reynolds Group Holdings Limited
- Novelis Inc.
- Hindalco Industries Limited
- Constellium SE
- Ball Corporation
- Tetra Pak International S.A.
- Hulamin Limited
- Alufoil Products Pvt. Ltd.
- Eurofoil
- Plus Pack AS
- Nicholl Group Limited
- Ardagh Group S.A.
- Carcano Antonio S.p.A.
- Zenith Alluminio Srl
- Comital Group
- Gulf East Paper and Plastic Industries LLC
- Polinas Plastik Sanayi ve Ticaret A.S.
- K&S Aluminium Foil Ltd.
Aluminum Foil Packaging Market Recent Developments
- In August 2022, The construction of an aluminium foil production facility by LOTTE Aluminum Materials LLC in Elizabethtown was announced by Governor Andy Beshear. An estimated 122 full-time jobs will be created thanks to the $238.7 million investment.
- In July 2022, inquiries into aluminium foil imports from China that are produced or finished in Thailand and South Korea were self-initiated by the U.S. Department of Commerce. According to unfair trade orders released by the Commerce Department in April 2018, these imports are improperly avoiding the payment of antidumping and countervailing taxes on imports of aluminium foil from China.
Global Aluminum Foil Packaging Key Market Trends
- Many businesses use alternative packaging materials like paperboard, glass, pulp, and plastic in order to save costs or give upscale packaging.
- In the projected period, growth in the tobacco industry is anticipated to increase demand for aluminium foil. The British American Tobacco produced statistics that put the annual global cigarette consumption at around 5,600 billion. As a result, it is anticipated to dominate the market soon.
- Although aluminium foil packaging is suitable and has other desirable qualities, it is dangerous because aluminium can react with food when it comes into touch with the foil since it is not completely inert. Even though traditional foil-wrapped food cannot be heated in an oven or microwave, the majority of people still do so.
Global Aluminum Foil Packaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, in 2021, Asia Pacific dominated the aluminum foil packaging market and contributed for 38% of total sales. The need for aluminium foil for food applications has increased due to the rising trend of eating packaged and ready-to-eat food. Another aspect promoting market expansion is the strict safety standards set by regulatory agencies to preserve the texture, nutrition, and shelf life of the products.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 25640.48 million |
| Market size value in 2030 | USD 37954.17 million |
| Growth Rate | 4% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aluminum Foil Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aluminum Foil Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aluminum Foil Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aluminum Foil Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aluminum Foil Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aluminum Foil Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aluminum Foil Packaging Market Report Snapshots
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