Aluminium Foil Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2961 | Last Updated On: Jan 18 2023 | Available Formats

> Global Aluminium Foil Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Aluminium Foil Market is segmented By Purpose (Packaging, Industrial), By Application (Wrapper Foils, Container Foils, Foil Lids, Pouches, Blister Packs, Collapsible Tubes, Others), By Industry (Food & Beverages, Pharmaceutical, Cosmetics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Aluminium Foil Market Overview

The Global Aluminium Foil Market is expected to grow at a CAGR of 5.5% during the forecasting period (2022-2029).

Aluminum foil primarily provides benefits to the food and packaging industry users. It enables direct heat or freezes food items in the foil container for the consumers. It is further categorized under flexible packaging material and is usually formed with the help of aluminum sheets. The foil made up of aluminum can also be used to wrap around any packaging products. It is formed through cold calling and regular casting. Aluminum foil is a packaging that places a resilient barrier to safeguard food & beverage, cosmetics, and pharmaceutical products and reduce overall waste reduction.

Aluminium Foil Market Scope and Summary

Metrics

Details

Market CAGR

 5.5%

Segments Covered

By Purpose, By Application, By Industry and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Aluminium Foil Market Dynamics and Trends

An increase in demand for aluminum foil from food and pharmaceutical packaging users is primarily driving the market's growth during the coming years. Moreover, aluminum foil brands' adaptability is ideal for using various packaging forms in their application areas. The aluminum foil's main benefits include strength, dead fold characteristics, malleability, and formability, which can boost growth during the forecast period. Furthermore, the ability to withstand extreme temperatures further enhances its demand as a global market.

Increase in growth of sterile packaging to boost the demand for aluminum foil

The aluminum foil market is expected to rise during the forecast period as the food industry majorly uses it for packaging food items to protect them from bacteria and germs. Aluminum foil is used in the food and beverage industry to seal food odor and increase shelf life. Aluminum foil can withstand heat; thus, the food packed in it can remain hot or quickly reheated. It acts as the perfect packaging material as it prevents leakage and easily molds itself according to the shape. It is useful for energy conservation as aluminum foil is 88% reflective, making it the most efficient solar heat insulator.

Aluminum foil is used for cigarette packaging as it is moisture-proof and prevents external stale odor, taste, or light from affecting the cigarettes. Aluminum foil is the most preferred material for packing pharmaceuticals as it is impenetrable to gases, oxygen, moisture, micro-organisms, and light. It helps it keep the medication perfect as packaging is the most important step in the pharma industry.

Growing awareness for recycling material in the global packaging industry

Aluminum is known as one of the most easily recyclable materials in the global market. Thus, it creates lucrative opportunities for aluminum foil manufacturers as it raises the collection and recovery rates for the aluminum foil, which further signifies less manufacturing cost with improved profitability. Rendering to the European Aluminum Foil Association report, the estimated average aluminum packaging recycling rate in the European market is 65%, similar to the global market.

Considering the market conditions, the COVID-19 impacts the companies in terms of financial aspects and rising strict government norms for increasing recycling materials. They are expected to bring lucrative opportunities for aluminum foil in the global market throughout the forecast period.

COVID-19 Impact Analysis of the Global Aluminium Foil Market

COVID-19 pandemic affected the global economy in many terms, such as directly affecting production and demand, supply chain disruption, and financial impact. COVID-19 has directly impacted the manufacturers' supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. The lockdown policies have also strengthened the demand for food & beverage products under bakery, cookies, meat, and coke across the globe. Therefore, the manufacturers are started investing to increase the production capabilities to meet the global market's updated demand.

Despite the pandemic, there is growth in the overall food & beverage products and bakery products, which is expected to drive the aluminum foil's market size in the global market during the forecast period.

Aluminium Foil Market Segmentation Analysis

Based on the purpose, the aluminum foil market has been segmented into packaging and industrial.

Packaging dominated the global aluminum foil market in 2019

Aluminum foil is extensively used in packaging owing to its ability to protect items packaged inside against extreme conditions such as temperature, oxygen, bacteria, light, and moisture. It is mainly used in food & beverage, cosmetics, pharmaceutical, and tobacco packaging applications. It is classified that aluminum foil has considerable application scope in the food & beverage industry. These include bakery, food containers, confectionery, dairy, coffee, and cold drinks used as household foils for domestic usages. Rising individual average disposable income, coupled with the rapid growth of online channels for food delivery options, is expected to boost product demand in the global market rapidly.

Although, the industrial purpose aluminum foil includes building & construction, transportation, and electrical areas. The aluminum foil is substantially used for thermal insulation and the building & construction sector as a vapour barrier. Moreover, in the electrical industry, aluminum foil is primarily used in communication cables.

Based on the application, the aluminum foil market has been segmented into wrapper foils, container foils, foil lids, pouches, blister packs, collapsible tubes, and others.

Wrapper foils Application lead the global market throughout the forecast period.

Wrapper foils application accounted for the highest market share in the global aluminum foil market in 2019. The wrapper foils are extensively used to manufacture packaging wrappers and household foil wrappers. For instance, the foil application covers chocolate bars and beverage bottlenecks, enhancing its product features and usability. The aluminum foil layer is also wrapped on cartons of food & beverages and pharma products to create a barrier and extend the end-use products' shelf life in the localized market.

Global Aluminium Foil Market Geographical Analysis

Based on geography, the study analyzes the aluminum foil market in the global market, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.

The Asia Pacific leads the global market throughout the forecast period.

Asia Pacific region is estimated to dominate the global aluminum foil market and is predicted to witness the highest CAGR throughout the forecast period. In the Asia Pacific, China is the largest producer and consumer of aluminum foil globally, which benefits its market share. Moreover, India is also an attractive aluminum foil market in the Asia Pacific due to rapid growth in the food delivery and pharma products delivery business.

Europe is expected to be the second-largest market shareholder in the aluminum foil market, followed by North America. In Europe, the demand for aluminum foil is slow compared to other regions. The market witnessed significant growth due to growing chronic disease prevalence, pharmaceutical packaging growth, and improving medication exports to emerging nearby markets.

The US dominated the North American market, is a relatively mature market for container foils and household wrappers. The market growth in the region is mainly driven by increasing demand for refrigeration appliances and heat exchangers.

Aluminium Foil Market Companies and Competitive Landscape

The aluminum foil market is highly competitive, owing to the presence of big food brands. The key aluminum foil players which are contributing to the growth of the global market include Amcor Plc, Novelis, Hindalco Industries Limited (Aditya Birla Group), Constantia Flexibles, Nicholl Food Packaging Ltd (Bawtry Carbon International Limited), United Company RUSAL PLC, Hulamin Limited, Eurofoil Luxembourg S.A., Alibérico Packaging, Symetal S.A., China Hongqiao Group Limited, Zhejiang Junma Aluminium Industry, Xiamen Xiashun Aluminium Foil Co., Ltd, Henan Sigma Industry Co., Ltd, and Henan Huawei Aluminum Co., Ltd, among others. The major players are adopting new product launch and expansion strategies for global growth in the aluminum foil market.   

Lesaffre Group

Overview: Amcor plc is an Australian-American, UK-domiciled packaging company. It engages in developing and producing rigid containers, flexible packaging, speciality cartons, closures, and services for pharmaceutical, food & beverage, medical-device, home & personal care, and other products.

Product Portfolio: Amcor has two reporting segments: flexible packaging and rigid plastics.

Flexibles Packaging develops and offers flexible packaging and speciality folding cartons. It has four business units: Flexibles Asia Pacific, Flexibles Europe, Middle East, Africa, Flexibles Americas, and Specialty Cartons.

In rigid plastics, it is one of the world's largest rigid plastic packaging manufacturers. It has four business units: North America Specialty Containers, North America Beverages, Latin America, and Bericap Closures.

Why Purchase the Report?

  • Visualize the aluminum foil market segmentation composition by purpose, application, industry, and region, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the aluminum foil market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of aluminum foil market - level 3 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global aluminum foil market report would provide access to an approx: 69 market data tables, 62 figures, and 180 pages.

Target Audience

 

Frequently Asked Questions

What is the Aluminium Foil Market growth?

The market is growing at a high CAGR of 5.5%.

What is the Aluminium Foil Market size in 2021?

The Market size was valued at USD YY million in 2021.

Who are the key players in Aluminium Foil Market?

Major players are Novelis, Hindalco Industries Limited (Aditya Birla Group), Constantia Flexibles, Nicholl Food Packaging Ltd (Bawtry Carbon International Limited), United Company RUSAL PLC, Hulamin Limited, Eurofoil Luxembourg S.A., Alibérico Packaging, Symetal S.A., China Hongqiao Group Limited, Zhejiang Junma Aluminium Industry, Xiamen Xiashun Aluminium Foil Co., Ltd.

 

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