Global Aluminum Foil Packaging Market Size, Share, Opportunities, And Trends By Type (Rolled Foil, Backed Foil, Others), By Application (Converter Foils, Container Foils, Others), By End-User (Food And Beverage, Pharmaceuticals, Household, Industrial), And By Geography - Forecasts From 2023 To 2028
- Published : Nov 2023
- Report Code : KSI061615610
- Pages : 143
The global aluminum foil packaging market was valued at US$30.855 billion in 2021 and is expected to grow at a CAGR of 5.78% during the forecast period.
Aluminum foil can block air and light, is light in weight, and can be shaped easily. It is used significantly in the food and beverage industry to package snacks, dairy products, and ready-to-eat meals. The pharmaceutical industry also uses it to package medicines because it keeps them safe and prevents tampering. Aluminum foil packaging is considered more environmentally friendly than other types of packaging as the material is recyclable, can withstand various temperatures, maintains hygiene standards, and provides effective barriers against oxygen, light, and odors.
- High demand for cost-effective packaging material.
Consumers are increasingly seeking packaging solutions that offer convenience in terms of ease of use, portability, and reliability. Aluminum foil packaging provides these benefits, making it popular among consumers. The packaging also helps products stay fresh for a longer time. Consumers prefer aluminum foil packaging because it can be recycled and doesn't harm the environment. It's considered a sustainable choice because it can be recycled, uses less energy when recycled, and has a reduced carbon footprint. Food beverage and pharmaceutical industries are also choosing aluminum foil packaging because it's versatile, cost-effective, and good for the environment.
- Changing Lifestyles and Consumer Preferences:
Changing lifestyles and preferences are causing an increase in the demand for aluminum foil packaging worldwide. Consumers want packaging that is convenient for their busy lives and allows them to easily take food on the go. Aluminum foil packaging meets this need because it is portable and in addition to desiring fresh and ready-to-eat foods, people also value the ability of aluminum foil packaging to maintain the freshness of these foods. Furthermore, due to environmental concerns, individuals prefer recyclable packaging options, such as aluminum foil.
- Increasing Demand in the Food and Beverage Industry.
The demand for aluminum foil packaging is rising in the food and beverage industry due to its various benefits such as keeping food fresh for longer and being easy to carry. It can be shaped and designed in different ways to fit different foods. Aluminum foil is also clean and safe to use as it can be recycled. The packaging looks nice and helps promote the brand. Lastly, with people leading busy lives, they want packaging that is convenient and can be taken on the go, and aluminum foil packaging fits that need.
- Increasing Demand in the Pharmaceutical Industry:
Aluminum foil packaging provides effective protection for medications, safeguarding them from moisture, light, and contaminants. The barrier properties of aluminum foil help maintain the quality and prolong the shelf life of pharmaceutical products. The packaging also allows for clear printing and labeling of important details. Aluminum foil packaging meets regulatory standards and is lightweight and portable, making it convenient for transportation. These advantages contribute to the growing preference for aluminum foil packaging in the pharmaceutical sector.
- Demand among health and hygiene-conscious people.
The ability of aluminum foil packaging to provide protection, maintain freshness, ensure hygiene, offer convenience, and be eco-friendly is increasing its demand among health and hygiene-conscious individuals. Aluminum foil packaging keeps things clean and safe, protects products from getting spoiled, and is easy to handle. It is light, easy to carry around, and can be made to fit different needs. In general, the demand for aluminum foil packaging comes from the need for packaging that is safe, keeps things fresh, and is convenient, all while promoting health and hygiene.
- The Versatility of Aluminum Foil Packaging:
In Japan, aluminum foil packaging is used in a traditional wrapping technique called "tsutsumi." This method combines cloth and aluminum foil to create beautiful gift wraps with a shiny, reflective surface and textured appearance. It not only looks visually appealing but also reduces waste by utilizing reusable cloth instead of disposable wrapping paper. Whereas, in the United States, aluminum foil packaging is utilized for military meals known as MREs (Meals Ready to Eat). The aluminum foil helps preserve the freshness, flavor, and quality of the food, while also acting as a barrier against moisture and oxygen.
Asia Pacific region is expected to dominate the global aluminum foil packaging market:
The demand for aluminum foil packaging is booming in the Asia-Pacific region, mainly because of the increasing middle-class population, expanding consumer markets, and changing lifestyles. India and China, with their significant manufacturing expenses and large consumer populations, are expected to become the top markets for aluminum foil packaging. The food and beverage industry in India and China holds the largest market share and is expected to grow significantly during the forecast period. Additionally, the growth of the aluminum foil packaging market in these regions is being fuelled by the emergence of online grocery channels and the rising demand for food and beverages through these platforms.
- In Dec 2022 Anderson Valley Brewing Company (AVBC) switched from glass bottles to aluminum cans, citing their ecological benefits. This change has resulted in a 60% reduction in shipping volume. Aluminum cans are lighter, more efficient for transportation, and offer better preservation by providing an airtight seal and blocking UV radiation.
Aluminum Foil Packaging Market Scope:
|Market Size Value in 2021||US$30.855 billion|
|Growth Rate||CAGR of 5.78% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Application, End-User, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Amcor Limited, Constantia Flexibles, Novelis, Hindalco Industries Limited (Aditya Birla Group), Clifton Packaging Group Limited, Alfipa, Paras Print Pack, Penny Plate, LLC, RusAL, Wyda Packaging (Pty) LTD|
|Customization Scope||Free report customization with purchase|
- By Type
- Rolled Foil
- Backed Foil
- By Application
- Converter Foils
- Container Foils
- By End-User
- Food and Beverage
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. GLOBAL ALUMINUM FOIL PACKAGING MARKET BY TYPE
5.2. Rolled Foil
5.3. Backed Foil
6. GLOBAL ALUMINUM FOIL PACKAGING MARKET BY APPLICATION
6.2. Converter Foils
6.3. Container Foils
7. GLOBAL ALUMINUM FOIL PACKAGING MARKET BY END-USER
7.2. Food & Beverage
8. GLOBAL ALUMINUM FOIL PACKAGING MARKET BY GEOGRAPHY
8.2. North America
8.2.1. United States
8.3. South America
8.4.1. United Kingdom
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
10. COMPANY PROFILES
10.1. Amcor Plc
10.2. Constantia Flexibles
10.3. Hindalco Industries Limited (Aditya Birla Group)
10.4. Clifton Packaging Group Limited
10.6. Paras Printpack
10.7. Bemis Corporation
10.9. Wyda Packaging (Pty) LTD
Hindalco Industries Limited (Aditya Birla Group)
Clifton Packaging Group Limited
Wyda Packaging (Pty) Ltd.
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