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Aluminum Foil Packaging Market by Product Type (Bags & Pouches, Wraps & Rolls, Blisters, Containers), Application (Food, Beverages, Pharmaceutical, Personal Care & Cosmetics), Type (Rolled Foil, Backed Foil), Packaging Type & Region - Global Forecast 2028

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    Report

  • 234 Pages
  • June 2023
  • Region: Global
  • Markets and Markets
  • ID: 5830853

The global Aluminum Foil Packaging Market size is estimated to be USD 21.7 billion in 2023 and is projected to reach USD 27.9 billion by 2028, at a CAGR of 4.3% between 2023 and 2028. Aluminum foil packaging refers to the utilization of thin aluminum foil sheets to pack a wide range of products. With its unique properties, aluminum foil serves as a versatile material suitable for various applications. Its lightweight nature, flexibility, and ease of shaping and sizing make it an excellent choice for packaging purposes. Many industries, including those in pharmaceutical, food, beverage, personal care & cosmetic, and others, use aluminum foil packaging. Within the food and beverage sectors, it is commonly employed for packaging snacks, ready-to-eat meals, dairy products, and beverages. By shielding the food from air, moisture, and light, it effectively extends the product's shelf life. Additionally, the healthcare industry frequently relies on aluminum foil packaging to preserve the sterility and tamper-evident qualities of medical equipment, medications, and other related items.

Aluminum foil packaging is available in various forms, such as containers, pouches, wraps, lids, and tapes, catering to different product requirements. To meet specific packaging needs, the material can be customized with features like laminations, coatings, and printing. Moreover, aluminum foil packaging demonstrates a low environmental impact due to its recyclability and reusability. Consequently, it stands as an ideal packaging material that aligns with sustainability goals.

Bags & Pouches Product type is Accounted For Largest Share of Aluminum Foil Packaging Market

Aluminum foil layers covered in numerous layers of polymers are used to make aluminum foil packaging packing bags. These containers frequently have an aluminum foil core that is covered in low-density polyethylene (LDPE), high-density polyethylene (HDPE), and polypropylene polymers. Food packaging, shopping bags, agricultural product packaging, frozen food bags, and pharmaceutical packaging are just a few of the many uses for aluminum foil packaging. Aluminum foil packets with plastic coatings are inexpensive to produce in large quantities, and they are also popular since they are lightweight and convenient for transportation. In addition, their water resistance, capacity to fold into small sizes, and lightweight contribution to the packaged items are advantageous properties. 

Pouches are small bags made of two flexible, flat side sheets that are sealed at the edges to create a compartment whose capacity is determined by the distance between the walls. Stand-up pouches (SUPs) and flat or pillow pouches are the two primary types of pouches. Retort stand-up pouches and standard stand-up pouches are the two varieties of stand-up pouches. Pouches are perfect for packaging bulk coffee and food items like smoked or dried meat. They come in handy packaging in a variety of sizes and formats, are simple to use, and can be heat-sealed.

Backed Foils is projected to be the second largest type segment in Aluminum Foil Packaging Market

The market for the backed foils segment is projected to witness the second-largest share of 7.8 billion in 2022, in terms of value. Aluminum foil is a thin and versatile material with diverse applications in various industries. Backed aluminum foil, which incorporates a backing material like polymer or paper, provides additional strength and durability. The lamination process involves bonding the aluminum foil to the backing material, allowing for customization of properties such as water resistance, heat resistance, durability, and printability. The thickness and quality of both the foil and backing material can be tailored to meet specific application requirements.

APAC accounts for the largest share in Aluminum Foil Packaging Market by region

In 2022, APAC held the largest market share in the Aluminum Foil Packaging Market, followed by Europe and North America. Emerging economies like India and China are projected to drive demand due to the growth of the food & beverage and pharmaceutical industries. The market is expected to expand further due to rapid economic growth and government initiatives promoting sustainable packaging solutions. APAC is the fastest-growing region economically and in terms of population. It accounted for a significant portion of global GDP and GDP growth in the past decade. The region's large population creates a substantial customer base for food & beverages and healthcare, driving the growth of the aluminum foil packaging market.

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and information gathered through secondary research. 

The break-up of primary interviews is given below:

  • By Company Type - Tier 1 - 30%, Tier 2 - 50%, and Tier 3 - 20%
  • By Designation - C level Executives - 40%, Director level - 20%, and Others* - 40%
  • By Region - North America - 20%, Asia Pacific - 40%, Europe - 20%,  Middle East & Africa - 5%, Latin America - 15%.

Notes: *Others include sales, marketing, and product managers.

Notes: Tier 1: >USD 5 Billion; Tier 2: USD 1 Billion- USD 5 Billion; and Tier 3: <USD 1 Billion

Companies Covered:  The companies profiled in this market research report include RUSAL (Russia), Hindalco Industries Ltd. (India), China Hongqiao Group Limited (China), AMCOR Ltd. (Switzerland), GARMCO (Bahrain), Pactiv Evergreen Inc. (US), Hulamin (South Africa), Constantia Flexibles Group GmbH (Austria), Aluflexpack ag (Switzerland), Penny Plate LLC. (US). and others.

Research Coverage:

The market study covers the aluminum foil packaging market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on product type, application, type, packaging type, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the aluminum foil packaging market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall aluminum Foil Packaging Market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities. 

The report provides insights on the following pointers:

  •  Analysis of key drivers (Cost-effectiveness, excellent physical properties and increased product shelf life, Growing population and increasing urbanization, Increasing demand form end-use industries, and Expansion of e-commerce industry), restraints (Volatile prices of raw materials, Easy availability of substitutes) opportunities (Upcoming regulations and government support), and challenges (Recyclability of aluminum foils) influencing the growth of the aluminum foil packaging market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the aluminum foil packaging market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the aluminum foil packaging market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped  geographies, recent developments, and investments in the aluminum foil packaging market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service  offerings of leading players like RUSAL (Russia), Hindalco Industries Ltd. (India), China Hongqiao Group Limited (China), AMCOR Ltd. (Switzerland), GARMCO (Bahrain), Pactiv Evergreen Inc. (US), Hulamin (South Africa), Constantia Flexibles Group GmbH (Austria), Aluflexpack ag (Switzerland), Penny Plate LLC. (US) among others in the aluminum foil packaging market

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.3.3 Inclusions and Exclusions
1.4 Currency
1.5 Limitation
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insightsa
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Impact of Recession
2.5 Research Assumptions
2.5.1 Limits and Risks Associated

3 Executive Summary4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges

6 Industry Trends
6.1 Value Chain Analysis
6.2 Porter's Five Forces Analysis
6.2.1 Bargaining Power of Suppliers
6.2.2 Threat of New Entrants
6.2.3 Threat of Substitutes
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Rivalry
6.3 Trends and Disruptions Impacting the Market Growth
6.4 Tariff and Regulatory Landscape
6.5 Regulatory Bodies and Government Agencies
6.6 Supply Chain Analysis
6.7 Technology Analysis
6.8 Ecosystem/Market Map
6.9 Key Stakeholders and Buying Criteria
6.10 Key Conferences and Events
6.11 Realistic, Optimistic, and Pessimistic Scenario
6.12 Key Markets for Import and Export (Trade Analysis)
6.13 Patent Analysis
6.14 Case Study Analysis
6.15 Pricing Analysis
6.15.1 Average Selling Prices by Region
6.15.2 Average Selling Prices of Key Players
6.15.3 Average Selling Prices by Sub-Segment
6.16 Macro-Economic Analysis

7 Aluminum Foil Packaging Market, by Type - Forecast Till 2028
7.1 Introduction
7.2 Rolled Foil
7.3 Backed Foil
7.4 Others

8 Aluminum Foil Packaging Market, by Product - Forecast Till 2028
8.1 Introduction
8.2 Bag & Pouches
8.3 Wraps & Rolls
8.4 Blisters
8.5 Trays
8.6 Others

9 Aluminum Foil Packaging Market, by Packaging Type - Forecast Till 2028
9.1 Introduction
9.2 Rigid
9.3 Semi-Rigid
9.4 Flexible

10 Aluminum Foil Packaging Market, by End-Use Industry - Forecast Till 2028
10.1 Introduction
10.2 Food
10.3 Beverages
10.4 Pharmaceutical
10.5 Personal Care & Cosmetics
10.6 Others

11 Rigid Plastic Packaging, by Region - Forecast Till 2028
11.1 Introduction
11.2 Impact of Recession
11.3 North America
11.3.1 US
11.3.2 Canada
11.3.3 Mexico
11.4 Asia-Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 Australia
11.4.5 Rest of Asia-Pacific
11.5 Europe
11.5.1 Germany
11.5.2 France
11.5.3 Italy
11.5.4 UK
11.5.5 Spain
11.5.6 Rest of Europe
11.6 South America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of South America
11.7 Middle East & Africa
11.7.1 Saudi Arabia
11.7.2 South Africa
11.7.3 Rest of Middle East & Africa

12 Competitive Landscape
12.1 Overview
12.2 Company Market Share/Ranking
12.3 Key Companies 5 Year Revenue Analysis
12.4 Competitive Leadership Mapping (Overall Market)
12.4.1 Stars
12.4.2 Pervasive Players
12.4.3 Emerging Leaders
12.4.4 Participants
12.5 Competitive Benchmarking of Overall Market
12.6 Strength of Product Portfolio
12.7 Competitive Leadership Mapping (Start-Ups/Smes)
12.7.1 Progressive Companies
12.7.2 Starting Blocks
12.7.3 Responsive Companies
12.7.4 Dynamic Companies
12.8 Detailed List of Key Startup/Smes
12.9 Competitive Benchmarking of Key Startup/Smes
12.10 Competitive Scenario
12.10.1 Expansions & Investments
12.10.2 Agreements, Collaborations, and Joint Ventures
12.10.3 New Product Launches
12.10.4 Mergers & Acquisitions

13 Company Profile
13.1 Amcor
13.1.1 Business Overview
13.1.2 Products Offered
13.1.3 Recent Developments
13.1.4 Winning Imperatives
13.1.5 Analyst's View
13.2 Berry Global
13.2.1 Business Overview
13.2.2 Products Offered
13.2.3 Recent Developments
13.2.4 Winning Imperatives
13.2.5 Current Focus and Strategies
13.2.6 Threat from Competition
13.2.7 SWOT Analysis
13.3 Coppice Alupack Limited
13.3.1 Business Overview
13.3.2 Products Offered
13.3.3 Recent Developments
13.3.4 Winning Imperatives
13.3.5 Current Focus and Strategies
13.3.6 Threat from Competition
13.3.7 SWOT Analysis
13.4 China Hongqiao Group Limited
13.4.1 Business Overview
13.4.2 Products Offered
13.4.3 Recent Developments
13.4.4 Winning Imperatives
13.4.5 Current Focus and Strategies
13.4.6 Threat from Competition
13.4.7 SWOT Analysis
13.5 Hindalco Industries Limited
13.5.1 Business Overview
13.5.2 Products Offered
13.5.3 Recent Developments
13.5.4 Winning Imperatives
13.5.5 Current Focus and Strategies
13.5.6 Threat from Competition
13.5.7 SWOT Analysis
13.6 Ess Dee Aluminum
13.7 Novelis Inc.
13.8 Alcao Corporation
13.9 Penny Plate LLC
13.10 Eurofoil Luxembourg Sa
13.11 Other 10-15 Company Profiles (Short)

14 Appendix
14.1 Discussion Guide
14.2 Available Customizations
14.3 Connected Markets

Companies Mentioned

  • Alcao Corporation
  • Amcor
  • Berry Global
  • China Hongqiao Group Limited
  • Coppice Alupack Limited
  • Ess Dee Aluminum
  • Eurofoil Luxembourg Sa
  • Hindalco Industries Limited
  • Novelis Inc.
  • Penny Plate LLC

Methodology

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Table Information