Aluminum Foil Packaging Market
Global Aluminum Foil Packaging Market Size, Share & Trends Analysis Report by Product Type (Foil Wrappers, Pouches, Trays/Containers, Blister Packs, Collapsible Tubes, and Other Products (Capsules)), by Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, and Others) Forecast, 2021-2027 Update Available - Forecast 2024-2030
The global aluminum foil packaging market is projected to grow at a CAGR of 3.2% during the forecast period (2021-2027). The increased awareness among people as well as the companies regarding the use of environmentally packaging products drives the market growth. For instance, the European Parliament passed the package for the upgradation of current waste management rules, including new targets for recycling, packaging, and landfilling. The new package was a key element of the Circular Economy Action Plan of the European Commission.
In May 2018, the European Council passed the Circular Economy Package under which 100% of all plastic packaging and 70% of all packaging waste have to be recycled by 2030. The novel package also focused on the elimination of the use of foam for food and foodservice packaging. Packaging & Packaging Waste Directive sets material-specific recycling targets for packaging until 2030 under which paper and cardboard are expected to reach 75% recycled by 2025 and 85% by 2030. Besides, by 2035 the amount of municipal waste landfilled must be reduced to 10% or less of the total amount of municipal waste generated.
However, according to a research report published on Science Alert, Aluminum intake calculated from dairy products stored in aluminum containers or foils is 246.72 mg/week, that is not good for humans as aluminum is non-essential element in their body. Due to this, other alternative such as steel is suggested to be use which might hamper the aluminum foil packaging market growth.
Segmental Outlook
The global aluminum foil packaging market is segmented on the basis of product type and application. Based on the product type, the market is segmented as foil wrappers, pouches, trays/containers, blister packs, collapsible tubes, and other products. The other products segment of the market includes aluminum foil capsules packaging. Whereas, based on the application, the market is segmented as food & beverages, pharmaceuticals, personal care & cosmetics, and others.
Food & Beverages Segment in the Aluminum Foil Packaging Market to Hold a Significant Market Share
Amongst the Application segment of the global aluminum foil packaging market, the food & beverage segment is projected to hold the most lucrative share in the market. The segmental growth of the market is accredited to the increased demand for the aluminum-based packaging products for the packaging of food & beverages. For instance, Aluminum is used in the wholesale supply of dairy products from farms to dairy plants or at retail stores across the globe. These canes can sustain 10-12 years when used for milk due to this complete value on investment can be gained. It also provides proper insulation and its monoblock design gives better hygiene. As aluminum is non-corrosive and robust material, its foils are also used in the packaging of butter and cheese that enables to retain quality and taste of the product until it gets consumed. Hence, this contributes to the segmental growth of the market during the forecast period.
Global Aluminum Foil Packaging Market, by Application 2020 (%)
Regional Outlook
The global aluminum foil packaging market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The European region is projected to hold a significant market share. The UK, Germany, France, Italy, Spain and Rest of Europe are the major economies primarily contributing to the growth of the aluminum foil packaging market in the region. The regional growth of the market is accredited to the stringent regulations concerning recycling and plastics use. UK is expected to be the leading country in the Europe attributing to the ban on the one-time-use plastics items such as plates and cutlery by the EU will drive the adoption of aluminum foil packaging options.
Global Aluminum Foil Packaging Market, by Region 2020 (%)
Market Players Outlook
The prominent players functioning in the global aluminum foil packaging market include Alcoa Corp., Aleris Corp., Amcor Ltd., Ball Corp., Hindalco Industries Ltd. (Aditya Birla Group), Hulamin Ltd., JW Aluminum Co., Reynolds Group Holdings Ltd., United Company RUSAL PLC, Wyda Packaging (Pty) Ltd., and Zenith Alluminio Srl among others. These key manufacturers are adopting various strategies such as new product launches and approvals, merger and acquisition, partnerships and collaborations, and many others in order to thrive in a competitive environment.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aluminum foil packaging market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Aluminum Foil Packaging Market by Product Type
5.1.1. Foil Wrappers
5.1.2. Pouches
5.1.3. Trays/Containers
5.1.4. Blister Packs
5.1.5. Collapsible Tubes
5.1.6. Other Products (Capsules)
5.2. Global Aluminum Foil Packaging Market by Application
5.2.1. Food & Beverages
5.2.2. Pharmaceuticals
5.2.3. Personal Care & Cosmetics
5.2.4. Others
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Alcoa Corp.
7.2. Aleris Corp.
7.3. Alufoil Products Pvt. Ltd.
7.4. Amcor Ltd.
7.5. Ball Corp.
7.6. Carcano Antonio S.p.A.
7.7. China Hongqiao Group Ltd.
7.8. Constantia Flexibles
7.9. Ess Dee Aluminium Ltd.
7.10. Eurofoil Luxembourg S.A.
7.11. Hindalco Industries Ltd. (Aditya Birla Group)
7.12. Hulamin Ltd.
7.13. JW Aluminum Co.
7.14. Nicholl Food Packaging Ltd. (Bawtry Carbon International Ltd.)
7.15. Novelis Inc.
7.16. Penny Plate, LLC
7.17. Plus Pack SAS
7.18. Reynolds Group Holdings Ltd.
7.19. United Company RUSAL PLC
7.20. Wyda Packaging (Pty) Ltd.
7.21. Zenith Alluminio Srl
7.22. Zhangjiagang Goldshine Aluminium Foil Co.
1. GLOBAL ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
2. GLOBAL ALUMINUM FOIL WRAPPERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL ALUMINUM FOIL POUCHES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL ALUMINUM FOIL TRAYS/CONTAINERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL ALUMINUM FOIL BLISTER PACKS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL ALUMINUM FOIL COLLAPSIBLE TUBES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL OTHER ALUMINUM FOIL PACKAGING PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
9. GLOBAL FOOD & BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL PERSONAL CARE & COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. EUROPEAN ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
19. EUROPEAN ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
23. REST OF THE WORLD ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
24. REST OF THE WORLD ALUMINUM FOIL PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. GLOBAL ALUMINUM FOIL PACKAGING MARKET SHARE BY PRODUCT TYPE, 2020 VS 2027 (%)
2. GLOBAL ALUMINUM FOIL PACKAGING MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
3. GLOBAL ALUMINUM FOIL PACKAGING MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
4. US ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
5. CANADA ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
6. UK ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
7. FRANCE ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
8. GERMANY ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
9. ITALY ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
10. SPAIN ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
11. ROE ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
12. INDIA ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
13. CHINA ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
14. JAPAN ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
15. ASEAN ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
16. SOUTH KOREA ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
17. REST OF ASIA-PACIFIC ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF THE WORLD ALUMINUM FOIL PACKAGING MARKET SIZE, 2020-2027 ($ MILLION)
