Aluminum Foil Packaging Market Overview
Aluminum Foil Packaging Market is projected to reach USD 47.4 billion by 2027 from an estimated USD 28.4 billion in 2020, at a CAGR of 4.5 % from 2022 to 2030.
The global aluminum foil packaging market size is a progressing market and is expected to witness high growth over the forecast period. The growth of aluminum foil packaging market is influenced by long-term air quality and climate goals. Some of the key drivers for aluminum foil packaging market are significant growth in packaging industries, coupled with innovative packaging and excellent barrier properties. The market demand for aluminum foil packaging will continue to grow due to lightweight, flexibility, durability, and the superior barrier properties of aluminum than plastic and glass. Lightweight packaging is becoming increasingly popular among the consumers as it helps in the significant reduction of transportation and carriage costs, leading to increased profits. Moreover, the high perception of sustainable packaging, among end-users, plays an important role in the growth of the aluminum foil packaging market.
On the basis of application, pharmaceutical segment is expected to witness huge growth in the future due to the growing concern for safety and hygiene, as medicines can be damaged from exposure to moisture and oxidation effects. In the pharmaceutical market, aluminum foils are used as blister packaging. Manufacturers in the pharmaceutical packaging industry uses special lamination of low-density polypropylene (LDPE) 150 series on the aluminum foils. This lamination serves as a barrier to moisture, vapor, and gas. Cosmetic application is also expected to contribute significantly during the forecast period. Aluminum foil provides protection to the products, internally, and enhances the appearance of the packaging. Cosmetic content applications include special oils, vitamins, herbal and chemical compounds, which require protection from light and contamination.
Market Research Analysis:
aluminium foil bags demand in beauty and grooming products, including facial moisturizers and cleansers, toothpaste consumption, is large. While future growth will primarily come from Asia and Latin America, where the category expands in line with rising modern retail outlets, pack sizing strategies will be key in driving sales across the globe. Geographically, the global aluminum foil packaging market is significantly large in Asia Pacific and North America, majorly due to increasing per capita income and consumer spending. Moreover, Asia Pacific is expected to be the fastest growing segment.
The development of new and diversified technologies creates exciting opportunities within the packaging industry. Growing emphasis on consumer convenience and eco-friendly packaging as well as market expansion in emerging economies, provide new opportunities in the aluminum foil packaging market. High competition from substitute products, and lack of proper recycling processes in a number of countries, might restrain the market growth. The rapid growth of the cosmetics and toiletries market in the developing countries, is an attractive investment opportunity in the global aluminum foil packaging market.
Scope of the report
This study provides an overview of the global aluminum foil packaging market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market
opportunities for the next five years for each region. The scope of the study segments the global Aluminum Foil Packaging market by its product and region.
By Packaging Type
· Food & Beverages
· Bags & Pouches
· Wraps & Rolls
· Laminated Tubes
· North America
· Asia Pacific
· Rest of the World
· Amcor Ltd. (Australia)
· China Hongqiao Group Limited (China)
· United Company RUSAL Plc. (Russia)
· Ess Dee Aluminum Ltd (India)
· Alufoil Products Pvt. Ltd. (India)
· Nicholl Food Packaging (U.K.)
· Wyda Packaging (Pty) LTD (South Africa)
· Penny Plate
· LLC (U.S.)
· Alcoa Corporation (U.S.)
· Novelis Inc. (U.S.)
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