Aluminum Foil Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Aluminum Foil Packaging Market: Global Industry Trends, Share, Size, Growth, 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Aluminum foil is a recyclable, malleable and non-toxic rolled sheet, which is widely available in varying thickness depending on its application. It provides protection against light, moisture, grease, microorganisms, bacteria, oxygen and other gases. It is extensively utilized in the manufacturing of aseptic packaging that enables the storage of perishable goods without refrigeration. Moreover, containers and trays made using aluminum foil are used in the packaging of pet food, as well as takeaway and ready-to-eat (RTE) snacks. It also finds applications in the packaging of different dosage forms of medications, including capsules, creams, lotions, liquid and powders.

The escalating demand for food and beverage (F&B) products through online food delivery platforms is increasing the utilization of aluminum foil containers, which, in turn, is bolstering the market growth. Additionally, aluminum foil is combined with flexible films to form a barrier layer and create lightweight, flexible packages. These packages are used in the packaging of powdered-milk, pet food, tuna, coffee, soups and a number of other food products. It is also utilized in the packing of cosmetic products for protecting them from contamination during transportation and shipping. Furthermore, aluminum foil coated with water-based latex and greaseproof paper is employed in the packaging of dairy products, such as butter, cheese and margarine. Composite containers made using aluminum foil are also gaining traction to preserve chilled beverages. Moreover, the rising demand for pharmaceutical products due to the increasing prevalence of diseases, along with the imposition of plastic ban in several countries, is also contributing to the market growth. Besides this, due to the growing concerns about the spread of the coronavirus disease (COVID-19) through packaging surfaces, manufacturers are utilizing aseptic packaging to maintain the sterility of products, which is expected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aluminum foil packaging market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, packaging type, foil type, thickness end use industry.

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 Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being 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 and Zhangjiagang Goldshine Aluminium Foil Co. Ltd.

Key Questions Answered in This Report:
How has the global aluminum foil packaging market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global aluminum foil packaging market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the packaging type?
What is the breakup of the market based on the foil type?
What is the breakup of the market based on the thickness?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global aluminum foil packaging market and who are the key players?
What is the degree of competition in the industry?