Global Aluminium Foil Packaging Market Overview
The global aluminium foil packaging market is poised to reach US$ 40 Bn by 2030, with a steady growth rate of 6% over the forecast period. The high demand for aluminium foil packaging is backed by its high recyclability, strength, lightweight, moldability and flexibility. However, the COVID-19 pandemic is impacting demand for the global aluminum foil packaging market as a result of nation-wide lockdowns and disrupted supply chains.
Focus on provision of essential services and goods during this period has decreased demand for aluminum foil packaging products. The imposition of lockdowns has also resulted in stockpiling and increased need for medical supplies.
These factors cumulatively are heightening demand for flexible aluminium packaging foil. Low purity aluminium foil packaging accounted for a significant chunk of the market share in 2020 and will continue to capture a sizeable chunk of market share through 2030.
Aluminium Foil Packaging Market Trends
Aluminium foils find high utilization in the pharmaceutical industry for packaging numerous medicines to protect them from sunlight and moisture. The utilization of aluminum foils in medicine has led to increasing demand for blister packed drugs. Furthermore, rising demand for ready-to-eat food and wafers has ramped up demand for aluminium foil packaging.
The proliferation of e-commerce platforms and ability to order from diverse restaurants is seen as an emerging trend which is augmenting the demand for online food delivery. This will drive consumption of aluminium foil packaging with respect to food and beverages.
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Aluminium Foil Packaging Market Share Analysis by Product
Aluminium containers are used as cooking and serving trays in the HoReCa sector and account for the largest chunk of the market share. Aluminium containers with lids are finding rampant adoption in the food and beverage industry. Furthermore, aluminum containers remain the best choice for ready-to-eat food due to its light weight, flexibility and low manufacturing cost.
Advancements in the chemical and pharmaceutical industry has also created numerous opportunities for blister-aluminium foil packaging. On the other hand, foil-wraps are anticipated to grow impressively, backed by their ability to provide better water-resistance and cost benefits over other alternatives such as plastic.
Aluminium Foil Packaging End-Use Industry Analysis
Amuminium foil packaging for food is ascending as a result of digitalization and use of online food-delivery aggregators, opening up numerous opportunities for the aluminium foil packaging market. Towards this, aluminum foil packaging boxes for food are witnessing high demand growth. Aluminium foil packaging accounts for the maximum market share in the pharmaceutical industry.
This is attributed to mounting demand for drugs and other instruments associated with the pharmaceutical industry. Furthermore, attractive packaging of cosmetics products is also facilitating growth for the global aluminum foil packaging market.
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Aluminium Foil Packaging Regional Analysis
APEJ is seen as the most lucrative region for aluminum foil packaging market. High presence of manufacturers in China and mounting demand for ready-to-eat food, cosmetics and pharmaceuticals in these regions are attributed as key growth drivers.
With numerous economic advantages, the aluminum foil packaging market is expanding at a higher growth rate in the APEJ region. Furthermore, Europe and North America are expected to hold largest market share for aluminium foil packaging market in the pharmaceutical and cosmetic industry.
Aluminium Foil Packaging Manufacturers and Competition Landscape
The prominent aluminium foil packaging manufacturers are focusing on product innovation, product launches and geographical expansion to establish their hold in the regional as well as global markets. For instance UFlex, a multinational flexible packaging company, announced a range of sustainability, engineering, aesthetic, and anti-counterfeiting innovations including FLEXSEAL blister aluminium foil packaging. SIG is making aseptic cartons with ASI-certified aluminium foil available to consumers for the first time in partnership with B-Better®, a start-up brand from Unilever’s Future Platform.
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About the Report
Fact.MR published an exclusive forecast report for aluminium foil packaging market between 2020 and 2030. The foremost objective of this report on aluminium foil packaging market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the thermal aluminium foil packaging. Also, the study on aluminium foil packaging market addresses key dynamics, which are expected to diversify the sales and future prominence of aluminium foil packaging market.;
The report on aluminium foil packaging market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of aluminium foil packaging market elaborating on the key segments. Also, the report outlines visionary insights on dynamics of aluminium foil packaging market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for aluminium foil packaging.
Supply chain analysis and pricing analysis of aluminium foil packaging market along with the difference between aluminium foil packaging used as per applications have also been included in the report to help the readers clearly understand the product framework map in aluminium foil packaging market.
Aluminium Foil Packaging Market Segmentation
Fact.MR has studied the Aluminium foil packaging market with detailed segmentation on the basis of purity level, product type, end-use industry and key regions.
- Low Purity Aluminium (Below 99.5%)
- Standard Aluminium (99.5-99.9%)
- High Purity Aluminium (Above 99.9%)
- Foil Wraps
- Food & Beverage
- North America
- Latin America
- Asia Pacific Excl. Japan
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Aluminium Foil Packaging Market- Global Industry Analysis
The recent study by Fact.MR on the Aluminium foil packaging market offers 10-year forecast from 2020-2030. The study analyzes crucial trends that are currently determining the growth of the Aluminium foil packaging market.
This report explicates on vital dynamics, such as drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of Aluminium foil packaging. The study also provides dynamics that are expected to influence the future status of the Aluminium foil packaging market over the forecast period.
A detailed assessment of value chain analysis, business executions, and supply chain analysis across regional markets have been covered in the report. A list of prominent companies operating in the Aluminium foil packaging market enhance the reliability of this comprehensive research study.
Aluminium Foil Packaging Market: Report Summary
The study offers a comprehensive analysis on diverse features including demand, product developments, policy & regulatory landscape, revenue generation, and sales in the Aluminium foil packaging market across the globe.
A comprehensive estimate on the Aluminium foil packaging market has also considered through an optimistic scenario as well as conservative scenario regarding sales of Aluminium foil packaging in the forecast period. Price point comparison by regions with global average price are also considered in the study.
Aluminium foil packaging Market: Analysis on Market Size Evaluation
The study provides each market segment in terms of volume (Tons) and value (US$ Mn) analysis in the Aluminium foil packaging market.
Market estimates at global and regional levels for Aluminium foil packaging are available in terms of “US$ Mn” for value and “tons” for volume. A Y-o-Y growth contrast on prominent Aluminium foil packaging market segments, along with the market attractiveness evaluation have been incorporated in the report.
Another key feature of the Aluminium foil packaging market report is the analysis of all key segments in terms of absolute dollar. Absolute dollar opportunity is critical in assessing the level of opportunity that a manufacturer can look to achieve as well as identify potential resources, from sales and delivery perspectives in the Aluminium foil packaging market.
Aluminium foil packaging Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which helps deliver projections on regional markets. This chapter includes regional macros (political-economic, and business environment outlook), which are expected to have a momentous influence on the growth of the Aluminium foil packaging market during the forecast period.
Country-specific valuations on demand for Aluminium foil packaging have been offered for each regional market, along with market scope estimates and forecast, price index, and impact analysis of prominence in regions and countries. Regional markets Y-o-Y growth estimates have also incorporated in the report.
Detail breakup in terms of value & volume for emerging countries have also been included in the report.
Aluminium foil packaging Market: In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of the Aluminium foil packaging market, along with their detailed profiles. Essential and up-to-date data information related to market players, who are principally engaged in the production of Aluminium foil packaging, have been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit report readers to take preemptive steps in advancing their businesses.
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