Global Aluminum Foil Market Size, Trends & Growth Opportunity, By End-use (Packaging, Industrial), By Application (Wrapper Foils, Container Foils, Foil Lids, Pouches, Blister Packs, Collapsible Tubes, Others), By Region and Forecast till 2027.
Global Aluminum Foil Market
The global Aluminum Foil market was valued at USD 24090 million in 2020 which expected to reach USD 38400 million by 2027 at a CAGR 6.0% from 2020-2027.
Aluminum foils have a number of benefits for the packaging and food industries, as well as for consumers, such as consumer friendliness and recyclability. Food products can be frozen or heated immediately in the foil container. Aluminum is also used in beverage, confectionery, personal care, health care, and other industrial applications. Over the next few years, the global aluminum foil packaging industry is predicted to rise rapidly.
Government regulations governing food safety and quality standards encourage producers to develop efficient packaging solutions that prevent food contamination, assisting the domestic aluminum foil industry's growth. To manufacture lightweight containers, aluminum foil is increasingly being used with flexible films. Pet food, tuna, coffee, and soup packaging alone make 13 billion packets around the world, making them viable alternatives to traditional plastic packaging.
Raw material prices are volatile due to raw materials account for the lion's share of the costs associated with producing metalized flexible packaging. The metalized flexible packaging's polymers are derived from petroleum. Given the unpredictable trend in crude oil and the high demand for polymers in a variety of applications, the pressure on input costs is likely to fluctuate. Fluctuating raw material prices can have an impact on manufacturing profitability, limiting the growth of metalized flexible packaging.
COVID-19 Impact on the Aluminum Foil Market
The COVID-19 pandemic is wreaking on the aluminum foil sector in several ways. To prevent future viral transmission, governments in hard-hit countries have implemented nationwide lockdowns and travel bans, erecting a number of hurdles throughout the aluminum foil supply chain. As a result, market participants are devising novel tactics to deal with this uncertain period. While demand for aluminum foils in the food and beverage industry will continue slowly, the pharmaceutical business will provide significant growth prospects.
The Global Aluminum Foil Market is segmented into End-use, Application. By End-use such Packaging, Industrial. Further, market is segmented into By Application such as Wrapper Foils, Container Foils, Foil Lids, Pouches, Blister Packs, Collapsible Tubes, Others.
Global Aluminum Foil Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the Aluminum Foil market. Packaging demand in Asian countries is expected to rise over the forecast period due to rising population. Blister packs, strip packs, sachets and pouches, collapsible tubes, and bottles are all examples of pharmaceutical packaging that use aluminum foil.
Various key players are listed in this report such as Hindalco Industries Limited; Amcor Plc; Zhejiang Junma Aluminum Industry; Huawei Aluminium; Eurofoil; ACM Carcano; Assan Aluminyum; Ess Dee Aluminium; Xiamen Xiashun Aluminium Foil Co., Ltd., Southern Aluminium Industry Co. Ltd.
The global Aluminum Foil market was valued at USD 24090 million in 2020 which expected to reach USD 38400 million by 2027 at a CAGR 6.0% from 2020-2027.
Aluminum foils have a number of benefits for the packaging and food industries, as well as for consumers, such as consumer friendliness and recyclability. Food products can be frozen or heated immediately in the foil container. Aluminum is also used in beverage, confectionery, personal care, health care, and other industrial applications. Over the next few years, the global aluminum foil packaging industry is predicted to rise rapidly.
Market Drivers
Government regulations governing food safety and quality standards encourage producers to develop efficient packaging solutions that prevent food contamination, assisting the domestic aluminum foil industry's growth. To manufacture lightweight containers, aluminum foil is increasingly being used with flexible films. Pet food, tuna, coffee, and soup packaging alone make 13 billion packets around the world, making them viable alternatives to traditional plastic packaging.
Market Restraints
Raw material prices are volatile due to raw materials account for the lion's share of the costs associated with producing metalized flexible packaging. The metalized flexible packaging's polymers are derived from petroleum. Given the unpredictable trend in crude oil and the high demand for polymers in a variety of applications, the pressure on input costs is likely to fluctuate. Fluctuating raw material prices can have an impact on manufacturing profitability, limiting the growth of metalized flexible packaging.
COVID-19 Impact on the Aluminum Foil Market
The COVID-19 pandemic is wreaking on the aluminum foil sector in several ways. To prevent future viral transmission, governments in hard-hit countries have implemented nationwide lockdowns and travel bans, erecting a number of hurdles throughout the aluminum foil supply chain. As a result, market participants are devising novel tactics to deal with this uncertain period. While demand for aluminum foils in the food and beverage industry will continue slowly, the pharmaceutical business will provide significant growth prospects.
Market Segmentation
The Global Aluminum Foil Market is segmented into End-use, Application. By End-use such Packaging, Industrial. Further, market is segmented into By Application such as Wrapper Foils, Container Foils, Foil Lids, Pouches, Blister Packs, Collapsible Tubes, Others.
Regional Analysis
Global Aluminum Foil Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific dominated the Aluminum Foil market. Packaging demand in Asian countries is expected to rise over the forecast period due to rising population. Blister packs, strip packs, sachets and pouches, collapsible tubes, and bottles are all examples of pharmaceutical packaging that use aluminum foil.
Key Players
Various key players are listed in this report such as Hindalco Industries Limited; Amcor Plc; Zhejiang Junma Aluminum Industry; Huawei Aluminium; Eurofoil; ACM Carcano; Assan Aluminyum; Ess Dee Aluminium; Xiamen Xiashun Aluminium Foil Co., Ltd., Southern Aluminium Industry Co. Ltd.
Market Taxonomy
By End-use
- Packaging
- Food & Beverage
- Tobacco
- Pharmaceutical
- Cosmetics
- Industrial
By Application
- Wrapper Foils
- Container Foils
- Foil Lids
- Pouches
- Blister Packs
- Collapsible Tubes
- Others
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Aluminum Foil Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Frequently Asked Questions about the Aluminum Foil market
What is the estimated value of the Aluminum Foil market?
What is the growth rate of the Aluminum Foil market?
What is the forecasted size of the Aluminum Foil market?
Who are the key companies in the Aluminum Foil market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | October 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 24090 million |
| Forecasted Market Value ( USD | $ 38400 million |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Aluminum Foil Market Outlook
5 Global Aluminum Foil Market, By End-use
6 Global Aluminum Foil Market, By Application
7 Global Aluminum Foil Market, By Region
8 North America Aluminum Foil Market Analysis and Forecast (2021-2027)
9 Europe Aluminum Foil Market Analysis and Forecast (2021-2027)
10 Asia Pacific Aluminum Foil Market Analysis and Forecast (2021-2027)
11 Latin America Aluminum Foil Market Analysis and Forecast (2021-2027)
12 Middle East Aluminum Foil Market Analysis and Forecast (2021-2027)
13 Competitive Analysis
14. Company Profiles
Companies Mentioned
- Hindalco Industries Limited
- Amcor Plc
- Zhejiang Junma Aluminum Industry
- Huawei Aluminium
- Eurofoil
- ACM Carcano
- Assan Aluminyum
- Ess Dee Aluminium
- Xiamen Xiashun Aluminium Foil Co. Ltd.
- Southern Aluminium Industry Co. Ltd.
