Aluminum Foil Packaging Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis by Packaging Type (Rigid Packaging, Semi-rigid Packaging, and Flexible Packaging); Application (Foil Wraps, Pouches, Blisters, Containers, and Others); End-User (Food and Beverages, Tobacco, Pharmaceuticals, Cosmetics, and Others); and Region and Country
Detailed Analysis of COVID-19 Impact on the Aluminum Foil Packaging Market
The global aluminum foil packaging market is likely to showcase a growth of around 4% during the forecast period. Aluminum foil is a recyclable, malleable, non-toxic rolled sheet that is widely used in different thicknesses depending on the application. It provides protection from light, moisture, grease, microorganisms, bacteria, oxygen, and other gases. Owning these properties, it is widely used in the manufacture of aseptic packaging, fresh food can be stored without refrigeration. Additionally, aluminum foil containers and trays are used for packaging pet food, takeaways, and ready-to-eat snacks. It is also used in the packaging of various drug dosage forms such as capsules, creams, lotions, liquids, and powders. Also, increasing demand for food and beverages through online food delivery platforms is increasing the use of aluminum foil containers, which is driving the market for aluminum foil packaging.
Further, aluminum foil is combined with a flexible film to form a barrier layer, creating a lightweight and flexible package. These packages are used to pack milk powder, pet food, tuna, coffee, soups, and many other foods, and also aluminum foil and parchment paper coated with water-based latex are used for packaging dairy products such as butter, cheese, and margarine. Aluminum foil composite containers have also gained traction for storing chilled beverages. In addition, increasing demand for medicines due to the increasing epidemic of disease and the introduction of plastic bans in some countries are also contributing to market growth. For instance, from July 2022, India will ban the manufacture, import, stocking, distribution, sale, and use of identified single-use plastic items, which have low utility and high littering potential, all across the country.
Insights Presented in the Report
“Amongst packaging types, semi-rigid packaging has a prominent share in the aluminum foil packaging market”
Based on packaging type, the market is categorized into rigid packaging, semi-rigid packaging, and flexible packaging. Among these, semi-rigid packaging has a prominent share in the market. Semi-rigid packaging combines the benefits of rigid packaging with some of the advantages of flexible packaging. With the ability to easily peel the lid of a container, semi-rigid packaging is used to protect and deliver a myriad of products including pharmaceuticals, food and beverages, and others.
“Amongst applications, foil wraps have accounted for a considerable share in the aluminum foil packaging market”
Based on application, the market is categorized into foil wraps, pouches, blisters, containers, and others. Among these, foil wraps held a prominent position in the aluminum foil packaging market. Foil wraps are flexible and can be easily bent folded or wrapped around objects. Thereby, they are used as one of the layers in snack pouches, liquid cartons, candy wraps, confectionery wraps, and pharmaceutical pouches or bags.
“Amongst end-user, food and beverages have accounted for a considerable share in the aluminum foil packaging market”
Based on end-user, the market is categorized into food and beverages, tobacco, pharmaceuticals, cosmetics, and others. Among these, food and beverages have a prominent share in the market. Aluminum foil is chemically neutral, corrosion-resistance, non-toxic, and hygienic. These properties make it a kind of packaging material that creates a strong barrier for preserving food and beverages and helps in waste reduction.
“Asia-Pacific accounted for a significant share in the aluminum foil packaging market”
For a better understanding of the market adoption of aluminum foil packaging, the market is analyzed on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia-Pacific held a considerable share in the market and demand is expected to increase during the foreseeable future. This is mainly ascribed as Asia-Pacific is the largest consumer of food and beverages globally and witnessing a higher demand for packaged items because of its improved lifestyles and increasing purchasing power of the people. This would increase the demand for aluminum foil packaging materials in the region as aluminum foil is chemically neutral, corrosion-resistance, non-toxic, and hygienic. These properties make it a kind of packaging material that creates a strong barrier for preserving food and beverages and helps in waste reduction.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive country-level analysis of the industry
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Aluminum Foil Packaging Market|
|2.2.||Research Methodology of the Aluminum Foil Packaging Market|
|2.5.||Main Objective of the Aluminum Foil Packaging Market Study|
|5||GLOBAL ALUMINUM FOIL PACKAGING MARKET COVID-19 IMPACT|
|6||GLOBAL ALUMINUM FOIL PACKAGING MARKET REVENUE (USD MN), 2019-2027F|
|9.1.||Food and Beverages|
|10.1.||North America Aluminum Foil Packaging Market|
|10.1.3.||Rest of North America|
|10.2.||Europe Aluminum Foil Packaging Market|
|10.2.6.||Rest of Europe|
|10.3.||Asia Pacific Aluminum Foil Packaging Market|
|10.3.5.||Rest of Asia Pacific|
|10.4.||Rest of the World Aluminum Foil Packaging Market|
|12||ALUMINUM FOIL PACKAGING MARKET OPPORTUNITIES|
|13||ALUMINUM FOIL PACKAGING MARKET TRENDS|
|14||LEGAL & REGULATORY FRAMEWORK|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|15.2.1.||Top Product Launches|
|15.2.2.||Top Business Partnerships|
|15.2.3.||Top Business Expansions, Investments, and Divestitures|
|15.2.4.||Top Merger and Acquisitions|
|16||VALUE CHAIN ANALYSIS|
|17.1.||Porters Fiver Forces Analysis|
|17.1.1.||Bargaining Power of Buyer|
|17.1.2.||Bargaining Power of Supplier|
|17.1.3.||Intensity of Rivalry|
|17.1.4.||Threats of New Entrant|
|17.1.5.||Threat of Substitute|
|18.1.||Amcor Group GmbH|
|18.3.||Carcano Antonio S.p.A|
|18.4.||Assan Alüminyum Sanayi ve Ticaret A.Ş.|
|18.7.||Clifton Packaging Group Ltd.|
|18.8.||Revere Packaging LLC|
|18.9.||Eurofoil Luxembourg S.A.|
|18.10.||Zhangjiagang Goldshine Aluminum Co. Ltd.|
Research Methodology for Aluminum Foil Packaging Market Analysis (2019-2027)
Analyzing the historical market, estimating the current market, and forecasting the future market of aluminum foil packaging, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the aluminum foil packaging industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of aluminum foil packaging through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the aluminum foil packaging market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by packaging type, application, and end-user. Further regional and country-level analyses were conducted to evaluate the overall adoption of aluminum foil packaging globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the aluminum foil packaging. Further, we conducted factor analysis using dependent and independent variables such as increasing demand from the food & beverages and healthcare industry for better quality packaging. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the aluminum foil packaging industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global aluminum foil packaging market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of aluminum foil packaging across the major markets
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the aluminum foil packaging market. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global aluminum foil packaging market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of packaging type, application, and end-user.
The main objective of the aluminum foil packaging market study
The current & future market trends of global aluminum foil packaging were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of aluminum foil packaging in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include the area of packaging type, application, and end-user
- Defined analysis of the regulatory framework for the aluminum foil packaging industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of aluminum foil packaging for the major countries
- Major regions/countries analyzed in the report include North America (United States, Canada, Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
- Company profiles of the aluminum foil packaging market players and the growth strategies adopted by them to sustain the growing market
- Deep dive country-level analysis of the industry