Aluminum Foil Packaging Market
Aluminum Foil Packaging Market Global Industry Assessment & Forecast
- By Product Foil Wraps, Pouches, Blisters, Containers, Others
- By End Use Food & Beverage, Tobacco, Pharmaceutical, Cosmetic, Others
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||USD 36.1 Billion|
|Revenue 2028:||USD 45.1 Billion|
|Revenue CAGR (2022 - 2028):||3.8%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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Global Aluminum Foil Packaging Market
Aluminum Foil Packaging Market- By Product, End Use, and Region.
The Global Aluminum Foil Packaging Market is valued at USD 36.1 Billion in the year 2021 and is expected to reach a value of USD 45.1 Billion by the year 2028. The Global Market is anticipated to grow exhibiting a Compound Annual Growth Rate (CAGR) of 3.8% over the forecast period.
Aluminum Foil Packaging Market Size, 2021 To 2028 (USD Billion)
Aluminum Foil Packaging is a non-toxic, recyclable, pliable rolled sheet packaging that comes in a variety of thicknesses depending on the application. Light, moisture, oil, germs, bacteria, oxygen, and other gases are all prevented by it. It is widely used in the production of aseptic packaging, which allows perishable commodities to be stored without refrigeration. Furthermore, Aluminum Foil Packaging containers and trays are utilized in the packaging of pet food, as well as takeout and ready-to-eat (RTE) snacks. It's also used in the packaging of various drug dosage forms, such as capsules, creams, lotions, liquids, and powders. The rising demand for food and beverage (F&B) products via online food delivery platforms is driving up the use of aluminum foil containers, which is driving up market growth. Additionally, aluminum foil is used with flexible sheets to make lightweight, flexible containers by forming a barrier layer.
The Aluminum Foil Packaging Market is growing due to a variety of factors. These variables include a concentration on profitable places for production short distances applied to lower costs, superior product quality, the visual attractiveness of packaging that impacts purchasing decisions, technical breakthroughs that improve per capita income, and so on. Beverages, food, medicines, and cosmetics are all growing industries with opportunities. Aluminum packaging, which is highly corrosion-resistant, hygienic, and non-toxic, is also in high demand as more consumers transition to organic products. Although there are some roadblocks in the way of progress. Some countries are still using archaic ways because of a lack of proper packaging techniques. People's lifestyles are changing, but a large portion of the world still does not have the money to buy packaged food.
The Aluminum Foil Packaging Market is segmented on the basis of Product, and End-use. On the basis of Product, the market is segmented into Foil Wraps, Pouches, Blisters, Containers, and Others. On the basis of End-use, the market is segmented into Food & Beverage, Tobacco, Pharmaceutical, Cosmetic, and Others.
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Based on Product:
On the basis of Product, the market is segmented into Foil Wraps, Pouches, Blisters, Containers, and Others. The Aluminum Foil Packaging Market was led by aluminum foil wraps, which accounted for the majority of sales. They're used as one of the layers in snack pouches, liquid cartons, candy wraps, confectionery wraps, and medicinal pouches or bags. Foil wraps have grown in popularity as a result of their numerous applications in various industries. Pouches are used to package products in the food and beverage, personal care and cosmetics, and home care industries. Pouches are becoming increasingly popular as a cost-effective and convenient alternative to rigid packaging. In retail situations, the aluminum foil containers retain their brilliance and reflectivity, attracting customer attention. Color lacquered Aluminum Foil Packaging containers can also be printed with brand-specific images.
Based on End Use:
On the basis of End-use, the market is segmented into Food & Beverage, Tobacco, Pharmaceutical, Cosmetic, and Others. The food and beverage industry was the most profitable and dominated the market. Bakery, dairy, confectionery, coffee/tea, dry food, drinks, and meat and seafood goods are typically packaged in pouches, containers, capsules, and lids. Because of its flexibility, lightweight, food safety, scent protection, wide availability, and low cost, aluminum foils are frequently utilized in the food and beverage industry for packaging purposes. Tobacco is a perishable consumer product, and aluminum foil protects the internal lining of cigarette packs quite well. Aluminum foil in the form of aluminum-paper laminate is often used in cigarette packets to lock in the aroma of cigarettes. Additionally, offering a cigarette package's aesthetic appeal or look. Aluminum foil is commonly used in the pharmaceutical sector to manufacture blister lidding and foil laminated pouches or bags. Pharmaceutical formulations such as lozenges, tablets, and capsules are especially vulnerable to contamination, hence aluminum foil, which is a strong barrier to gases and light, finds use in the pharmaceutical business.
Asia Pacific Holds the Largest Market Share in Terms of Revenue
Asia Pacific acquired the largest market share during the year 2021 with a share of 37.90%. The Asia Pacific is the world's largest producer and consumer of aluminum foil, bags, and pouches. Due to an increasing need for healthy lives and consumption habits in these regions, aluminum foil is in high demand. In countries like China and India, population expansion is pushing greater demand for aluminum packing. The need to promote green consumption, safeguard food safety, conserve food, and adopt sustainable development concepts is expanding in many countries, which is driving up demand for aluminum packaging on the market.
The key players in the Global Aluminum Foil Packaging Market include- 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 and others.
Segmentation of the Global Aluminum Foil Packaging Market:
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
The global Aluminum Foil Packaging valued at USD 36.1 Billion in 2020 and is expected to reach USD 45.1 Billion in 2028 growing at a CAGR of 3.8%.
The prominent players in the market are 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.
The market is project to grow at a CAGR of 3.8% between 2021 and 2028.
The driving factors of the Aluminum Foil Packaging include
- Expanding food & beverage industry
Asia Pacific was the leading regional segment of the Aluminum Foil Packaging in 2020.