In FY 2022, the aluminum foil packaging market reached a valuation of US$ 26,666.1 Million, and is likely to register a Y-o-Y growth rate of 4.0% in 2023, closing at US$ 28,051.4 Million. Furthermore, across the 2023-2033 period of assessment, growth is expected to accelerate at a whopping 5.3% CAGR, reaching US$ 46,970.6 Million.

Based on market history, sales of aluminium foil packaging products are expected to grow at a CAGR of less than 4% by 2020, with a market value exceeding US$ 35 billion. Despite the worst of the COVID-19 pandemic, extensive sales of necessary products such as pharmaceuticals and packaged foods kept demand high.

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Key Takeaways from the Market Study

  • Aluminum foil pouches to account for at least 2 out of 5 sales by product type through 2031
  • By end user, cosmetics industry to remain primary utilizer, expected to surge at a CAGR of 5%
  • Sales of aluminum foil packaging products in the U.S to soar at a CAGR of 4% through 2031
  • China to capture nearly 50% of the global market revenue for aluminum foil packaging products
  • Europe to experience identical growth figure as the U.S until 2031
  • Germany to create an absolute opportunity worth US$ 200 Mn until 2025, expanding 2.1x until 2031

“The rising use of aluminum foil in bags and pouches in pharma is also showing rapid growth since the pandemic and has been widely accepted by medical sectors and consumers, showing a broader application scope,” says the Fact.MR analyst.

Competitive Landscape

  • Amcor Plc.
  • Pactiv LLC
  • Novelis, Inc.
  • Bemis Co. Inc.
  • Clifton Packaging Group Ltd.
  • ESS DEE Aluminum Limited.
  • Mondi Group Plc.
  • Berry Global Group, Inc.
  • Protective Packaging Ltd.
  • Printpack Inc.

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Key Segments Covered in the Aluminum Foil Packaging Industry Survey

  • By Product:
    • Aluminum Foil Wraps
    • Aluminum Pouches
    • Aluminum Blisters
    • Aluminum Containers
    • Other Aluminum Foil Packaging Products
  • By End User:
    • Aluminum Foil Packaging for Food & Beverage
    • Aluminum Foil Packaging for Tobacco Industry
    • Aluminum Foil Packaging for Pharmaceuticals
    • Aluminum Foil Packaging for Cosmetics
    • Aluminum Foil Packaging for Others
  • By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa