Global Aluminum Foil Market 2024-2028
The aluminum foil market is forecasted to grow by USD 9.32 bn during 2023-2028, accelerating at a CAGR of 5.95% during the forecast period. The report on the aluminum foil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in global consumption of processed and packaged food products, growth in pharmaceutical and medical devices industry, and rising concerns regarding use of plastic packaging products.
Technavio's aluminum foil market is segmented as below:
By Product
- Wrapper foils
- Container foils
- Blister packs
- Pouches
- Others
By Application
- Food and beverage packaging
- Consumer packaging
- Pharmaceutical packaging
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the rising popularity of lightweight packaging as one of the prime reasons driving the aluminum foil market growth during the next few years. Also, growing consumption of secondary aluminum and increasing adoption of sustainable packaging will lead to sizable demand in the market.
The report on the aluminum foil market covers the following areas:
- Aluminum foil market sizing
- Aluminum foil market forecast
- Aluminum foil market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aluminum foil market vendors that include Alcoa Corp., All Foils Inc., Alufoil Products Pvt. Ltd., Amcor Plc, ARD Finance S.A., Assan Aluminyum Sanayi ve Ticaret A.S., Carcano Antonio Spa, China Hongqiao Group Ltd., Constellium SE, Eurofoil, Granges AB, Henan Huawei Aluminum Co. Ltd., Hindalco Industries Ltd., Merck KGaA, Montana Tech Components AG, Norsk Hydro ASA, Oceanic Foil Pack, Thermo Fisher Scientific Inc., UACJ Corp., and United Company RUSAL. Also, the aluminum foil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.