Aluminum Foil Packaging Market- By Product (Foil Wraps, Pouches, Blisters, Containers), By Packaging Type (Rigid packaging, Flexible Packaging, Semi-rigid Packaging), By Foil Type (Printed, Unprinted), By End-User (Food & Beverage, Pharmaceutical) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Aluminum Foil Packaging s Market held USD 17.9 billion in 2020 and is to grow with a CAGR of 3% from 2020-2030. Packaging of aluminum foil is a major component of the packaging material and is usually constructed using thin aluminum sheets. Aluminum foil is commonly used in food packaging, such as fresh and processed foods, poultry, and fish. This allows the food and beverage products to extend their shelf life. Because of various properties such as lightweight, toughness, barrier properties, strength and recyclable nature it is widely used in the packaging field hence fuelling the growth of global aluminum foil packaging industry.

Market Dynamics and Factors:

Aluminum foil is gradually being mixed with versatile films to produce lightweight packages. Increase in demand for packaging materials is an significant factor which is expected to drive global aluminum foil packaging market. Significant growth in the packaging industries along with growing demand for innovative packaging and excellent barrier properties are some main drivers of the global aluminum foil packaging market. In addition, customer perception of food safety and stringent government food security regulations are expected to drive global aluminum foil packaging market growth among other factors. Furthermore, increasing preference for more lightweight and compact packaging materials is expected in the near future to help global aluminum foil packaging market growth. Quick availability of substitutes such as plastics, rubber and other packaging materials could hamper aluminum foil demand and limit global aluminium foil packaging market growth over the projected period. Recent industry developments includes increased R&D investment by manufacturers on the global market for aluminum foil packaging to enhance supply chain processes for material handling.

Market Segmentation:

Based on the product, the global aluminum foil packaging market is segmented into foil wraps, pouches, blisters, containers. On the basis of end-user, the market is divided into food & beverage, pharmaceutical. Considering the foil type, the aluminum foil packaging market is classified into printed and unprinted. Depending upon the packaging type, the aluminum foil packaging market is segregated into rigid packaging, flexible packaging, semi-rigid packaging. On the basis of  geography the market is segmented into North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Asia Pacific aluminum foil packaging market is driven by numerous growing industries including pharmaceutical, food and beverage and cosmetics. High aluminum costs compared with plastics, which is mostly used for packaging, have restricted the use of aluminum in the packaging industry. Rising disposable income, however, has slowed the use of goods using single use plastics for packaging, thus hindering the global aluminum foil packaging market growth. Central and South American aluminum foil packaging market is powered by fast rising food and beverage industries. Growing numbers of food service establishments are expected to contribute to regional growth in many countries including Brazil, Argentina and Chile. In addition, rising demand for food delivery services is anticipated to further boost the aluminum foil packaging industry in the years ahead.

Competitive Scenario:

The key players of global aluminum foil packaging market are Aliberico S.L.U.,  Constantia Flexibles, Novelis Aluminum, Amcor Plc,  Coppice Alupack Ltd., Carcano Antonio S.p.A.,  Eurofoil Luxembourg S.A., JW Aluminum and Reynolds Group Holdings Limited.

Aluminum Foil Packaging Market Report Scope