Aluminum Foil Packaging Market Development, Trends, Demand and Forecast till 2023-2028

The latest report by IMARC Group, titled “Aluminum Foil Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global aluminum foil packaging market share . The global  market size reached US$ 35.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

Aluminum foil packaging is a versatile and widely used material in the packaging industry. It consists of a thin sheet of aluminum metal that is rolled and processed to create a barrier material characterized by its excellent properties, making it suitable for various packaging applications. It is impenetrable to light, moisture, gases, and microorganisms, which helps protect the contents of the package from external factors that could compromise its quality and shelf life. It also prevents odors and flavors from escaping or entering the box, preserving the integrity of food and other sensitive products. Additionally, it is lightweight, reduces transportation costs, and can be easily shaped into various forms, providing flexibility in packaging design. It is also recyclable, making it an eco-friendly choice for sustainable packaging solutions. As a result, aluminum foil packaging is widely employed for food products, pharmaceuticals, and even in the cosmetic industry to maintain the freshness and safety of the packaged goods. 

For an in-depth analysis, you can refer sample copy of the report:https://www.imarcgroup.com/aluminum-foil-packaging-market/requestsample

Aluminum Foil Packaging Market Trends and Drivers:

The aluminum foil packaging market is primarily driven by the growing popularity of aluminum foil packaging for its exceptional barrier properties. In addition, aluminum foil effectively blocks light, oxygen, moisture, and contaminants, providing an excellent protective shield for the products it encases, which makes it an ideal choice for industries that require long shelf-life and freshness preservation, such as food and beverage (F&B) industry, thus influencing the market growth. Along with this, aluminum foil packaging is widely used for packaging perishable goods, ready-to-eat (RTE) meals, and dairy products in the food industry, thus augmenting the market growth. It also helps in preventing spoilage and maintaining the quality of the contents while withstanding extreme temperatures, making it suitable for hot and cold applications, such as baking and freezing food items. Moreover, the widespread product adoption in the cosmetic and personal care industry for its ability to protect products, including creams, lotions, and serums, from external elements that can alter their composition or effectiveness represents another major growth-inducing factor. Besides this, the growing pharmaceutical industry extensively uses aluminum foil packaging for its exceptional protective qualities to shield from moisture, light, and air to maintain their efficacy and safety, thus creating a positive market outlook. 

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

  • Foil Wraps
  • Pouches
  • Blisters
  • Containers
  • Others

Breakup by Packaging Type:

  • Rigid Packaging
  • Flexible Packaging
  • Semi-Rigid Packaging

Breakup by Foil Type:

  • Printed
  • Unprinted

Breakup by Thickness:

  • 0.007 mm – 0.09 mm
  • 0.09 mm – 0.2 mm
  • 0.2 mm – 0.4 mm

Breakup by End Use Industry:

  • Food and Beverage
  • Tobacco
  • Pharmaceuticals
  • Cosmetics
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Alcoa Corporation
  • Aliberico SLu
  • Alufoil Products Pvt. Ltd.
  • Amcor Ltd.
  • Carcano Antonio S.p.A
  • Constantia Flexibles
  • Coppice Alupack Ltd. (Euro Packaging UK Ltd)
  • JW Aluminum
  • Novelis Inc. (Hindalco Industries)
  • Raviraj Foils Ltd.
  • Zhangjiagang Goldshine Aluminium Foil Co., Ltd.

Recent Developments:

  • In August 2023, Amcor Ltd., a global leader in developing and producing responsible packaging solutions, announced that it has entered into an agreement to acquire Phoenix Flexibles, which has one plant located in Gujarat, India. The addition of Phoenix Flexibles’ well capitalized and strategically located production facility will immediately increase Amcor’s capacity in the high-growth Indian market and add advanced film technology, enabling local production of more sustainable packaging solutions and allowing Amcor to expand its product offering in attractive high-value segments.
  • In July 2022, Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, announced the expansion of its evercycle portfolio to the cosmetic packaging market. Evercycle Cosmetics is certified to contain 100% recycled aluminum and can meet customers' anodized quality requirements. This new alloy offers an infinitely recyclable solution to packaging customers in the beauty, skincare and wellness space.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA 

Follow us on Twitter: @imarcglobal

Comments

Post a Comment

Popular posts from this blog

Portable Blenders Market Size, Share, Growth, Trends and Analysis 2025-2033

Image
  𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: The global portable blenders market is experiencing significant growth, driven by the increasing demand for convenient, on-the-go nutrition solutions. As urbanization accelerates and lifestyles become busier, consumers are adopting health-conscious habits, leading to a surge in portable blender usage. These compact devices offer a quick and efficient way to prepare smoothies, shakes, and other beverages, aligning perfectly with the needs of today's fast-paced world. Study Assumption Years: Base Year: 2024 Historical Year: 2019-2024 Forecast Year: 2025-2033 Portable Blenders Market Key Takeaways: Market Size and Growth: In 2024, the global portable blenders market reached a size of USD 171.2 million. Projections indicate it will soar to USD 494.0 million by 2033, with a robust CAGR of 11.7% from 2025 to 2033. Material Preferences: Plastic blenders dominate due to their lightweight nature, while glass and steel variants are gaining traction for ...
Read more

Hazelnut Market Trends 2024 | Growth, Share, Size and Future Scope 2032

Image
IMARC Group's report titled " Hazelnut Market Report by Type (Whole Hazelnut, Hazelnut Oil, Hazelnut Flour, Hazelnut Paste, and Others), Application (Industrial, Food Service Industry, Household/Retail), and Region 2024-2032 ". The global hazelnut market size reached USD 17,529.2 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 34,808.1 Million by 2032, exhibiting a growth rate (CAGR) of 7.92% during 2024-2032. Factors Affecting the Growth of the Hazelnut Industry: Growing Consumer Demand: The growing consumer inclination towards healthy and nutritious snacks is driving an increased demand for hazelnuts. Hazelnuts are esteemed for their abundant nutrient content, which includes essential vitamins, minerals, healthy fats, and antioxidants, thereby establishing them as a superfood for health-conscious individuals. Furthermore, the transition towards healthier dietary choices and the heightened awareness of the advantages of nuts in nutrition ha...
Read more

Soundbar Market Report Presents An Inside Look At Upcoming Trends, Growth And Forecast Till 2032

Image
IMARC Group's report titled " Soundbar Market Report by Type (Wall-Mounted, Table-top, and Others), Installation Method (Active Soundbars, Passive Soundbars, and Others), Connectivity (Wi-Fi, Bluetooth, and Others), Application (Home Audio, Commercial, and Others), and Region 2024-2032 ". The global soundbar market size reached US$ 3.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.7% during 2024-2032. Factors Affecting the Growth of the Soundbar Industry:   Rising Demand for Home Entertainment Systems: As televisions become thinner, with less space for built-in speakers, soundbars offer a compact, stylish, and efficient solution to augment sound quality. Consumers are looking for easy-to-install audio systems that provide superior sound quality without the complexity and space requirements of traditional home theater systems. Soundbars, with their advanced technology, includi...
Read more