Aluminum Foil Packaging Market by Type (Foil Wraps, Pouches, Blisters, Containers, and Others), Packaging Type (Rigid, Flexible, and Semi-Rigid), End Use Industry (Food and Beverage, Tobacco, Pharmaceuticals, Cosmetics, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026592 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 35.8 billion mark in 2022 and is expected to hit US$ 55.7 billion by 2030, recording a CAGR of 5.7% during the forecast period.

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Surging demand for packaged food products is significantly fueling the market growth  

The processed food industry is witnessing high growth owing to increasing urban population along with changing consumer lifestyles. The busy lifestyle of the working population is increasing consumer reliance on packaged food and beverages. Packaged and frozen food products provide ease of cooking. This factor coupled with the rising application of aluminum foil in food and beverage packaging application is likely to be a key driving factor for the industry growth. Furthermore, availability of packaged food products through online channels is supporting the growth of the food and beverage industry, which in turn is expected to have a positive impact on industry growth. Also, increasing consumer awareness regarding the impact of plastic on the environment is boosting the demand for alternative packaging solutions, impacting the aluminum foil packaging industry positively.

Within the report, the market is segmented into type, packaging type, end use industry, and geography. By type, the market is further segmented into foil wraps, pouches, blisters, containers, and others. On the basis of packaging type, the market is categorized into rigid, flexible, and semi-rigid. By end use industry, the market is categorized into food and beverage, tobacco, pharmaceuticals, cosmetics, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Advancement in packaging technology and reliance on robust materials to drive the market

Aluminum foil is a material used to laminate and has wide applications in packaging. Its function against the resettling of moisture, oxygen, and other gases, as well as against the impact of light is generally higher than any plastic laminate material. Moreover, aluminum is available in abundant quantity on earth and is completely recyclable. The aluminum foil packaging demand is surging in the pharmaceutical and food & beverage industries. The versatile nature of aluminum makes it an ideal material for packaging. Some of the properties exhibited by aluminum foil includes strength, lightweight, portable, and flexible, which allows to mold it into the required shape. It also protects the product from moisture and sunlight, which secures the final product from spoilage.

Rising adoption in various industries is one of the major factors accelerating the market growth

The industries for aluminum foil packaging are food and beverage, tobacco, pharmaceuticals, cosmetics, and others. Within these industries, food and beverage segment dominated the market. Products including pouches, containers, capsules, and lids are broadly used for packaging bakery, dairy, confectionery, coffee/tea, dry food, beverages, and meat and seafood items. Due to flexibility, lightweight, food safety, aroma protection, wide availability, and low-cost, aluminum foils are widely used in the food and beverages industry for packaging applications. Moreover, tobacco is a perishable consumer product where the aluminum foil is the ideal barrier material for the inner lining of cigarette packets. Aluminum foil, in the form of aluminum-paper laminate, is mostly used in cigarette packets to lock the aroma of cigarettes. In the pharmaceutical industry aluminum foil is generally used to make blister lidding, and foil laminates-based pouches or bags. Pharmaceutical formulations such as lozenges, tablets, and capsules, are particularly sensitive to contamination, and thus, the aluminum foil being a robust barrier to gases and light finds key applications in the pharmaceutical industry.

Recent strategic developments in aluminum foil packaging market

The aluminum foil packaging market has undergone several significant developments, and a few of these have been mentioned below:

  • In August 2022, the construction of an aluminum foil production facility by LOTTE Aluminum Materials LLC in Elizabethtown was announced by Governor Andy Beshear.
  • In April 2022 - Novelis announced that it is investing more than USD 30 million to build a new continuous annealing line at its Plettenberg-Ohle, Germany, facility, which will double the plant's capacity for aluminum in the production of coffee capsules.

The aluminum foil packaging market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Alcoa Corporation, Aliberico Slu, Alufoil Products Pvt. Ltd., Amcor Plc, and Carcano Antonio S.p.A. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Packaging providers
  • Packaging industry players
  • Packaging-related service providers
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Foil suppliers
  • Packaging products distributors and sales firms
  • End users of foil packaging
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Foil Wraps
    • Pouches
    • Blisters
    • Containers
    • Others
  • Packaging Type:
    • Rigid
    • Flexible
    • Semi-Rigid
  • End Use Industry:
    • Food and Beverage
    • Tobacco
    • Pharmaceuticals
    • Cosmetics
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Alcoa Corporation
    • Aliberico Slu
    • Alufoil Products Pvt. Ltd.
    • Amcor Plc
    • Carcano Antonio S.p.A.

The List of Companies
- Alcoa Corporation
- Aliberico Slu
- Alufoil Products Pvt. Ltd.
- Amcor Plc
- Carcano Antonio S.p.A.

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