To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information

I Agree

Aluminum Foil Packaging Market

Aluminum Foil Packaging Market Forecast by Product (Aluminum Foil Wraps, Aluminum Pouches, Aluminum Blisters, Aluminum Containers), by End-User (Food & Beverage, Tobacco Industry, Pharmaceuticals, Cosmetics), and by Region - Global Insights 2023 to 2033

Analysis of Aluminum Foil Packaging market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Aluminum Foil Packaging Market Outlook (2023-2033)

In FY 2022, the aluminum foil packaging market reached a valuation of US$ 26,666.1 Million, and is likely to register a Y-o-Y growth rate of 4.0% in 2023, closing at US$ 28,051.4 Million. Furthermore, across the 2023-2033 period of assessment, growth is expected to accelerate at a whopping 5.3% CAGR, reaching US$ 46,970.6 Million.

The growth of aluminum foil in food packaging is mainly attributed to the growing demand for the FMCG sector. In addition, there are certain health guidelines issued by the government for the packaging industry, pushing the growth of this market. Some of the advantages of aluminum foil are it is easily available, affordable, non-toxic in nature, and easy to use, which has expanded its application in protecting and packaging food products. 

The growth of Aluminum Foil Used in Food Packing Market is mainly due to the shifting preference of the consumers towards packaged and processed FMCG goods. The packaged food consists of food and beverage in cans or tetra packs where the aluminum foil is used and also in packaging bags and as the Aluminum Foil Used In Food Packing Market grows it directly impacts the Aluminum Foil Used In Food Packing Market and Government regulations towards food packaging standards also has a huge impact like recently due to covid governments around the world have subsequently raised their health safety, food quality and packaging standards which require the packaging to be in a particular way which does not let the food rot easily.

Aluminum foil comes in rolls it can be easily used because it is handy and can cover food without affecting it while preventing it from rotting because of its non-toxic nature. Aluminum foil is very low priced and is available in nearly every general store even in some of the very less developed countries.

Report Attributes

Details

Anticipated Base Year Value (2022)

US$ 26,666.1 Million

Expected Market Value (2023)

US$ 28,051.4 Million

Projected Forecast Value (2033)

US$ 46,970.6 Million

Global Growth Rate (2023-2033)

5.3% CAGR

Expected Growth Rate of the UK Market (2023-2033)

2.7% CAGR

Anticipated Growth Rate of the Chinese Market (2023-2033)

5.9% CAGR

Prominent Aluminum Foil Packaging Service Players

  • 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.

Don't Need a Global Report?

Save 40% on Country & Region specific reports

2017-2022 Revenue Analysis of Aluminum Foil Packaging Market vs. Growth Outlook 2023-2033

According to Fact.MR, market research and competitive intelligence provider, the global market for aluminum foil expanded at under 3.7% CAGR from 2017 to 2022. 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 a 5.9% CAGR, reaching US$ 46,970.6 Million by 2032.

Aluminum Foil Packaging Market

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

Key Market Drivers Influencing Aluminum Foil Packaging Industry Expansion

Rising Demand for Recyclable and Organic Products to Foster Market Growth Prospects

Aluminum manufacturing is being boosted by rising demand for recyclable and organic products. The market is seeing increased demand as a result of the use of Aluminum cans in beverage packaging.

Moreover, Aluminum trays and packed boxes produced from Aluminum containers are gaining popularity in the food and beverage business is further anticipated to propel the growth of the aluminum foil market.

In addition, the growing popularity of aluminum products due to their eco-friendliness is further estimated to provide potential opportunities for the growth of the aluminum foil market in the coming years.

Government Regulations and Broad Applications of Aluminum Foil

The growth of the domestic Aluminum foil business is aided by government rules governing food safety and quality standards, which drive firms to develop efficient packaging solutions that avoid food contamination which will further accelerate the market growth.

To manufacture lightweight containers, Aluminum foil is increasingly being used with flexible films. Pet food, tuna, coffee, and soup packaging alone make 13 Million packets around the world, making them viable alternatives to traditional plastic packaging which is further contributing to the growth of the market.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Key Challenges encountered by Aluminum Foil Packaging Industry

Unstable Prices of Raw Materials to Hamper the Market Growth

The unstable prices of raw material is further projected to impede the growth of the aluminum foil market in the targeted period. Moreover, the dearth of proper recycling processes might further challenge the growth of the aluminum foil market in the near future.

Difficulty in Disposal of Aluminum Negatively affecting the Adoption of Aluminum Foil

Aluminum, being a metal is not very easy to dispose of, and thus, the products manufactured from aluminum, including aluminum foil have to undergo either reuse or recycle, rather than being disposed of. This factor limits the adoption of aluminum foil in various industries where sticky materials are formed.

Country-wise Analysis

How will the U.K Perform in the Global Aluminum Foil Packaging Industry Landscape?

Increase in Packaging of Pharmaceutical and Food Industries to Boost the Market Growth

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 UK 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, UK is expected to expand at a CAGR of 2.7% until 2033.

How will the Growth of Aluminum Foil Packaging Market Escalate across China?

Increasing Demand for Healthy Lifestyles to Enhance the Market Prospects

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 Mn, creating considerable business opportunities for products such as aluminum bags and pouches used in pharmaceutical packaging, capturing nearly 50% of global market demand, with a CAGR of 5.9% during the forecast period.

Country-wise Forecast CAGRs for the Aluminum Foil Packaging Market

U.K

2.7%

India

4.8%

South Korea

6.3%

China

5.9%

U.S

5.4%

Category-wise Insights

Which is the Most Sought-after Product Category?

Increased Usage of Aluminum Foil Wraps to Boost the Segment’s Growth

In terms of product, aluminum foil wraps segment is prospective to earn greater traction, expanding at a CAGR of 6.1% over the forecast period. The food, tobacco, and cosmetics industries are expected to be the major drivers of the growth of aluminum foil wraps over the forecast period. The aluminum foil Wrappers maintain brightness and reflectivity, attracting consumer attention in retail spaces. Besides, aluminum foil can be color lacquered or printed with brand-identifying designs. The increasing demand for sustainable packaging, especially in the food and beverage industries, is likely to make aluminum foil wrappers an attractive option.

An aluminum foil wrap provides certain characteristics, such as dead fold and embosses ability, which other methods of packaging materials cannot obtain. Companies have been identified to use aluminum foil's unique barrier properties to safeguard tobacco products against moisture, deterioration, aroma transmission, and bacteria by sustaining a micro-climate in the package. Increasing the tobacco industry is expected to push the adoption of aluminum foil wraps over the forecast period.

Which Segment to Remain Dominant in the End-User Category?

Food & Beverage Segment to Enhance Growth Prospects

The Food & Beverage segment by end-user represents higher growth rate as compared to other segments, registering a CAGR of 4.6% across the 2023-2033 forecast period.

Increasing consumption of canned food and beverages is the key driving factor for the Aluminum Foil Used in Food Packing Market. The high recyclability of aluminum cans further promotes their adoption as it is an eco-friendly alternative to plastic containers and cans.

In 2020, cans emerged as the leading segment by application. Aluminum foil is used the most in the food and beverage segment for packaging of FMCG goods in the packaging of cooking spray oils in aerosol cans, products like coffee and milk powder in airtight bags, and drinks in tetra packs and cans.

Aluminum Foil Packaging Market- Competitive Landscape

Prominent players in the Aluminum Foil Packaging Industry are taking advantage of the rapidly increasing demand for the Aluminum Foil Packaging in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:

  • In April 2022, Novelis announced that it is investing more than USD 30 Million to build a new continuous annealing line at its Plettenberg-Ohle, Germany, facility, which will double the plant's capacity for aluminum in the production of coffee capsules. The development represents the inaction of the company strategy for growing line solutions for sustainable packaging.
  • In November 2021, ProAmpac acquired Irish Flexible Packaging and Fispak from their parent company, IFP Investments Limited. Both Irish Flexible Packaging and Fispak are Ireland-based manufacturers and distributors of sustainable, flexible packaging serving the dairy, bakery, meat, fish and cheese markets in Ireland and internationally.
  • 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.

Key Segments Covered in the Aluminum Foil Packaging Industry Survey

  • By Product:

    • Aluminum Foil Wraps
    • Aluminum Pouches
    • Aluminum Blisters
    • Aluminum Containers
    • Other Aluminum Foil Packaging Products
  • By 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
  • By Region:

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

- Premium Report Details -

Aluminum Foil Packaging Market

- Let's Connect -

Talk To an Expert Today Connect

- Get Started -

Get insights that lead to new growth opportunities

Buy Now

Get A Special pricing for start-ups and universities

Enquiry Before Buying

- Humble, Yet Honored -

Our prestigious clients

- Research Methodology -

An Adaptive Approach to Modern-day Research Needs

Get Methodology

- FAQs -

As of 2023, Fact.MR expects the aluminum foil packaging industry to be valued at US$ 28,051.4 Million

From 2023 to 2033, the aluminum foil packaging industry is poised to flourish at a 5.3% CAGR

By 2033, the aluminum foil packaging landscape is slated to reach a valuation of US$ 46,970.6 Million

Aluminum foil wraps are expected to grow the fastest, at a CAGR of 6.1%

By end-user, the food & beverage segment is expected to dominate the market, documenting a 4.6% value CAGR

As per Fact.MR’s projections, the market for Aluminum Foil Packaging in the UK will likely expand at a 2.7% CAGR

China is poised to yield a CAGR of 5.9% with respect to Aluminum Foil Packaging in 2033

As of 2022, the aluminum foil packaging market was valued at US$ 26,666.1 Million

According to Fact.MR, a CAGR of 3.7% was recorded for the aluminum foil packaging market from 2017-2022

Exclusive Report

Need An Exclusive Report For Your Unique Requirement?

Google translate