According to IMARC Group’s latest report, titled “Global Aluminum Foil Packaging Market: Industry Trends, Share, Size, Growth Rate, Opportunity and Forecast 2022-2027,” the global aluminum foil packaging market size reached US$ 33.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.7 Billion by 2027, exhibiting a growth rate (CAGR) of 4.4% during 2022-2027.
Aluminum foil represents a recyclable, malleable, and non-toxic rolled sheet that is widely available in varying thicknesses. It provides protection against light, moisture, grease, microorganisms, bacteria, oxygen, and other gases. Aluminum foil is extensively used in the manufacturing of aseptic packaging that allows the storage of perishable goods without refrigeration. Containers and trays made using aluminum foil are utilized in the packaging of pet food and takeaway and ready-to-eat (RTE) snacks. Aluminum also finds wide-ranging applications in the packaging of numerous dosage forms of medications, including capsules, creams, lotions, liquids, powders, etc.
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Market Trends
The escalating demand for food and beverage (FB) products via online food delivery platforms is primarily augmenting the aluminum foil packaging market. Furthermore, the inflating need for aluminum foil, as it is combined with flexible films to make a barrier layer and create lightweight and flexible packages, is acting as another significant growth-inducing factor. Apart from this, the widespread adoption of these packages in the manufacturing of powdered milk, pet food, tuna, coffee, soups, and other food products is positively influencing the global market. Moreover, the rising popularity of aluminum foil packaging in the production of personal care items to protect them from contamination at the time of transportation and shipping is also bolstering the market growth. Besides this, the introduction of advanced solutions that are coated with water-based latex and greaseproof paper and used in dairy items, such as butter, cheese, margarine, etc., is expected to fuel the aluminum foil packaging market in the coming years.
List of Key Companies Covered in this Market Report:
- Alcoa Corporation
- Aliberico Slu
- Alufoil Products Pvt. Ltd.
- Amcor Plc
- Carcano Antonio S.p.A.
- Constantia Flexibles
- Coppice Alupack Ltd. (Euro Packaging UK Ltd.)
- JW Aluminum
- Novelis Inc. (Hindalco Industries)
- Raviraj Foils Limited
- Zhangjiagang Goldshine Aluminium Foil Co. Ltd.
The report has segmented the market on the basis of product, packaging type, foil type, thickness, end use industry and geography.
Breakup by Product:
- Foil Wraps
- Pouches
- Blisters
- Containers
- Others
Breakup by Packaging Type:
- Rigid Packaging
- Flexible Packaging
- Semi-Rigid Packaging
Breakup by Foil Type:
- Printed
- Unprinted
Breakup by Thickness:
- 0.007 mm – 0.09 mm
- 0.09 mm – 0.2 mm
- 0.2 mm – 0.4 mm
Breakup by End Use Industry
- Food and Beverage
- Tobacco
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Geography:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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