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Aluminum Foil Packaging Market

Aluminum Foil Packaging Market

Aluminum Foil Packaging Market Forecast, Trend Analysis & Competition Tracking- Global Review 2021 to 2031

Aluminum Foil Packaging Market
FACT518MR

Market Snapshot

The global sales of aluminum foil packaging is likely to increase at above 4% CAGR through 2031, reaching US$ 55 Bn. Fact.MR expects the aluminum foil packaging industry to expand positively, growing 1.5x from 2021 to 20301.

Growth of the industry is primarily attributed to the ever proliferating pharmaceutical and food & beverage sectors. Furthermore, manufacturers prefer aluminum foil packaging due to its indefinitely recyclable characteristics.

Key Points Addressed in Aluminum Foil Packaging Industry Analysis

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Aluminum Foil Packaging and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Consumption Analysis of Aluminum Foil Packaging 2016 to 2020 Vs Future Outlook 2021 to 2031

According to Fact.MR, market research and competitive intelligence provider, the global market for aluminum foil expanded at under 4% CAGR from 2016 to 2020, topping US$ 35 Bn as of 2020.

Increasing demand for recyclable and organic products is boosting aluminum production across multiple regions, reducing the amount of plastic in the environment. Due to the use of aluminum cans in beverage packaging, the market is experiencing increasing demand. Furthermore, aluminum trays and packed boxes in the food and beverage industry made from aluminum containers is acquiring major traction.

In supermarkets, sub-packaging of pre-packaged foods, meats, and cooked foods is growing in popularity. Therefore, growing demand for aluminum packaging is rising in the markets. Based on the aforementioned trends, the global market aluminum foil packaging is poised to surge at over 4% CAGR, reaching US$ 55 Bn by 2031.

How is High Versatility Spurring Sales of Aluminum Foil Packaging Products?

Aluminum foil packaging is widely used in various applications globally. A growing awareness of the pollution caused by plastics in the environment is prompting packaging giants to substitute aluminum for plastic. Aluminum foil can be used both in conventional and fan-assisted ovens, allowing consumers to use it in both types of ovens. Also, they provide a seal against organic solvents while protecting rock samples.

Military personnel use aluminum foil for packaging to protect their equipment from climatic conditions, preserving the equipment's top-quality while transporting sensitive parts, machines, chemicals, and substances. The use of aluminum foil is becoming more important in the marketplace. Increasing consumer demand for aluminum foil is seen in the automotive industry, where it is used to cover electrode substrates and soft packs.

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Country-wise Analysis

How is Europe an Opportunistic Market for Aluminum Foil Packaging?

Europe is the second-largest producer of aluminum in the market. A significant gain in was seen in packaging for the pharmaceutical and food industries. Aluminum foil rollers from Europe delivered strong performance during a disruptive year.

Foil rollers across Europe delivered 245 tons during the first quarter of 2021, achieving a 2.3% increase over 2020 (239.5 tons) due to very strong demand in overseas markets that grew over 10%, according to the European Aluminum Foil Association (EAFA). According to Fact.MR, Europe will likely expand at a CAGR of 4% until 2031.

What are the Growth Prospects for the Asian Market?

Asia is the world's largest producer and consumer of aluminum foil, bags, and pouches. Aluminum foil demand is growing due to a growing demand for healthy lifestyles and consumption habits are high on demand in these regions.

Increased populations in countries such as China and India are growing demand for the use of aluminum packing in the market. Growing demand in many countries is to promote green consumption, ensure food safety, conserve food, and practice the concepts of sustainable development and driving demand for aluminum packaging in the market.

China's pharmaceutical industry is expected to surpass US$ 160 Bn, creating considerable business opportunities for products such as aluminum bags and pouches used in pharmaceutical packaging, capturing nearly 50% of global market demand.

What is the Demand Outlook across the U.S?

Aluminum foils are used to wrap food in foils to keep food warm and avoid contamination. Demand for various other food and beverage products such as snacks, dairy products, meat soft drinks, and others is growing demand for the use of aluminum foils packaging in the U.S.

Flexible packaging, one of the most lucrative industries in the U.S., creates a large market for aluminum foils. As per Fact.MR, sales of aluminum foil packaging is poised to expand at a CAGR of over 4% from 2021 to 2031.

Category-Wise Insights

How are Aluminum Foil Pouches Surging in Popularity?

Aluminum foil pouches are used for packaging in numerous commercial markets, including cosmetics, food, pharmaceuticals, beverages, and automobiles. Due to their numerous properties, they are extremely popular with the packaging industry.

Customizable and recyclable properties are elevating demand for aluminum pouches. Fact.MR anticipates the segment to capture around 40% of the revenue share across the 2021-2031 forecast period.

What makes Aluminum Foil Renowned for Packaging Cosmetic Products?

There are a variety of products involved in the creation of cosmetics such as vitamins, herbal oils, chemical ingredients, which need a barrier to prevent spoilage or contamination. Thus, aluminum foils are used on a large-scale.

Due to their chemical resistance, water resistance, and sealable properties aluminum pouches are widely used for cosmetic and personal care packaging. According to Fact.MR, cosmetics packaging will likely experience growth at a CAGR of 5%.

An Adaptive Approach to Modern-day Research Needs

Competitive Landscape

Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. New products and technologies will enable end-users to benefit from products that are eco-friendlier and recyclable.

  • In August 2021, ProAmpac introduced the HC-Series of healthcare products, consisting of HC-600 high barrier films, which can be used in a variety of market applications. The HC-600W films are ideal for packaging traditional fragrance-containing products or disinfection agents
  • Similarly, HC Aluminum designs aluminum foils for cigarette packaging. Traditionally, cigarette boxes come with an aluminum foil lining. In addition to its high barrier properties against light, gas, water, and corrosion. It has good optical properties, UV light protection, excellent shielding abilities, and action against light, preventing tobacco from aging when exposed to light.

Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • GCC
  • South Africa

Key Market Segments Covered

  • Product
  • End User
  • Region

Key Companies Profiled

  • Amcor Plc.
  • Pactiv LLC
  • Novelis, Inc.
  • Bemis Co. Inc.
  • Clifton Packaging Group Ltd.
  • ESS DEE Aluminum Limited.
  • Mondi Group Plc.
  • Berry Global Group, Inc.
  • Protective Packaging Ltd.
  • Printpack Inc.

Pricing

Available upon Request

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Key Segments Covered

  • Product

    • Aluminum Foil Wraps
    • Aluminum Pouches
    • Aluminum Blisters
    • Aluminum Containers
    • Other Aluminum Foil Packaging Products
  • End User

    • Aluminum Foil Packaging for Food & Beverage
    • Aluminum Foil Packaging for Tobacco Industry
    • Aluminum Foil Packaging for Pharmaceuticals
    • Aluminum Foil Packaging for Cosmetics
    • Aluminum Foil Packaging for Others

Aluminum Foil Packaging Market- Scope of Report

A recent study by Fact.MR on the aluminum foil packaging market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering aluminum foil packaging.

The study also provides the dynamics responsible for influencing the future status of the aluminum foil packaging market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies operating in the aluminum foil packaging market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of aluminum foil packaging across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of aluminum foil packaging during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative aluminum foil packaging markets?
  • Which factors will impact the growth of aluminum foil packaging?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the aluminum foil packaging industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Estimates at global and regional levels for aluminum foil packaging are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global aluminum foil packaging market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the aluminum foil packaging during the forecast period.

Country-specific valuation on demand for aluminum foil packaging has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of aluminum foil packaging, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering aluminum foil packaging has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the aluminum foil packaging domain. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the aluminum foil packaging industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

According to Fact.MR aluminum foil packaging sales were valued at over US$ 35 Bn in 2020

From 2021 to 2031, aluminum foil packaging demand will expand 1.5x to reach US$ 55 Bn

From 2016 to 2020, sales of aluminum foil packaging products expanded at under 4% CAGR

The global aluminum foil packaging market is poised to expand at a CAGR exceeding 4% from 2021 to 2031

Advent of printable aluminum foils aviation, dining box, and takeaway parcels are key trends expected to shape the aluminum foil packaging industry.

Increased demand for recyclable and reusable packaging alternatives for is driving demand for aluminum foil packaging.

Amcor Ltd., Pactiv LLC, Novelis, Inc., Bemis Co., Inc. and Clifton Packaging Group Ltd are the top 5 manufacturers of aluminum foil packaging products

Sales of aluminum foil packaging in the U.S is likely to expand at 4% CAGR until 2031

Europe is likely to register a CAGR of 4% for aluminum foil packaging from 2021 to 2031.

U.S., China, India, Germany and South Korea are amongst the top countries expected to drive future demand for aluminum foil packaging

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.