Global Aluminum Foil Packaging Market to Grow at 3.8% During 2024-2032, Impelled by Rising Demand for Convenient Packaging Solutions

July 15, 2021 | Packaging

According to the latest report by IMARC Group, titled “Aluminum Foil Packaging Market Report by Product (Foil Wraps, Pouches, Blisters, Containers, and Others), Packaging Type (Rigid Packaging, Flexible Packaging, Semi-Rigid Packaging), Foil Type (Printed, Unprinted), Thickness (0.007 mm – 0.09 mm, 0.09 mm – 0.2 mm, 0.2 mm – 0.4 mm), End Use Industry (Food and Beverage, Tobacco, Pharmaceuticals, Cosmetics, and Others), and Region 2024-2032,” the global aluminum foil packaging market reached a value of US$ 36.8 Billion in 2023. Aluminum foil is a lightweight metal-based material manufactured in varying thicknesses. It is inexpensive, greaseproof, non-toxic, and durable in nature. This material can be produced for wrapping, lining, cooking, and covering processes during the storage and preparation of food, cosmetics and pharmaceutical products. Aluminum foil packaging protects the product against moisture, oxygen, odor, microorganisms, and light. It is utilized in semi-rigid, flexible and rigid packages for minimizing heat damage during in-thermal processing.

Global Aluminum foil Packaging Market Trends:

The escalating demand for convenient-to-transport and easy-to-use packaging options is significantly influencing the global aluminum foil packaging market growth. The inflating sales of fast-moving consumer goods (FMCG) and economic growth in developing countries are further driving the market toward growth. Besides this, rapid expansion in the pharmaceutical, cosmetics, and food and beverage (F&B) industries is also contributing to the market growth. Moreover, governments of various nations have been implementing stringent regulations that mandate food manufacturers to use effective packaging solutions to prevent contamination. This is creating new growth prospects for manufacturers in the packaging industry across the globe, which, in turn, is acting as a growth-inducing factor. Looking forward, the market is projected to grow at a CAGR of 3.8% during 2024-2032.

Market Summary:

  • On the basis of the product, the market has been divided into foil wraps, pouches, blisters, containers, and others.
  • Based on the packaging type, the market has been segmented as rigid, flexible, and semi-rigid packaging.
  • According to the foil type, the market has been bifurcated into printed and unprinted.
  • On the basis of thickness, the market has been segregated into 0.007 mm–0.09 mm, 0.09 mm–0.2 mm, and 0.2 mm–0.4 mm.
  • Based on the end use industry, the market has been divided into food and beverage, tobacco, pharmaceuticals, cosmetics, and others.
  • On the geographical front, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and Others), Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Alcoa Corporation, Aliberico Slu, Alufoil Products Pvt. Ltd., Amcor Plc, Carcano Antonio S.p.A., Constantia Flexibles, Coppice Alupack Ltd. (Euro Packaging UK Ltd.), JW Aluminum, Novelis Inc. (Hindalco Industries), Raviraj Foils Limited and Zhangjiagang Goldshine Aluminium Foil Co. Ltd.
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Packaging Type, Foil Type, Thickness, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alcoa Corporation, Aliberico Slu, Alufoil Products Pvt. Ltd., Amcor Plc, Carcano Antonio S.p.A., Constantia Flexibles, Coppice Alupack Ltd. (Euro Packaging UK Ltd.), JW Aluminum, Novelis Inc. (Hindalco Industries), Raviraj Foils Limited and Zhangjiagang Goldshine Aluminium Foil Co. Ltd.
Customization Scope 10% Free Customization
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Global Aluminum Foil Packaging Market to Grow at 3.8% During 2024-2032, Impelled by Rising Demand for Convenient Packaging Solutions
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