Aluminum Foil Packaging Market Size & Share, by Product (Blisters, Containers, Foil Wraps, Pouches); Packaging Type (Flexible, Rigid, Semi-Rigid); End-user (Cosmetics, Food & Beverage, Pharmaceutical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4477
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Aluminum Foil Packaging Market size is poised to reach USD 50 Billion by the end of 2033, growing at a CAGR of 5% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of aluminum foil packaging was USD 35 Billion.The growth of market can be attributed to the higher demand for aluminum foil in food packaging. For instance, the revenue generated by the ready-to-eat meals generated around USD 45 billion 2022.

Global aluminum foil packaging market trends such as, escalating demand for packaged food across the globe on the back of changing lifestyle is projected to influence the growth of the market positively over the forecast period. The total sales volume of packaged food was estimated to be about 35 thousand metric tons in 2021 while in 2022 the revenue generated by the ready-to-eat meals was projected to hit approximately USD 0.50 trillion. Additionally, growing sales of tobacco products and significand growth in the disposable income of the global population is further anticipated to drive the growth of the market over the forecast period. For instance, the sales of tobacco product were anticipated to reach around USD 55 billion in 2020. Hence, all these factors are anticipated to hike market growth during the forecast period.


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Aluminum Foil Packaging Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

5%

Base Year Market Size (2022)

USD 35 Billion

Forecast Year Market Size (2033)

USD 50 Billion

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Aluminum Foil Packaging System: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Production and Consumption of Coffee and Tea  - For instance, in 2020-21, approximately 160 million bags of coffee were consumed across the globe
  • People are consuming tea and coffee for an ancient time and the prevalence is still higher across the globe. the form of tea and coffee distribution has been changed owing to the technological advanced. Both the product requires proper packaging to keep their health properties for a long time since they are exported and imported to country to country. Hence such factors are estimated to push the market growth over the forecast period.
  • Rising Demand in Baby Food Packaging - As of 2022, the baby food segment was projected to generated approximately USD 280 billion.
  • Increasing Sales of Ready-to-Drink Beverage- In 2021, the sales of ready-to-drink (RTD) was anticipated to hit 750 million nine-liter cases up from 600 million nine-liter cases in 2020.
  • Escalating Utilization in the Packaging of Snacks - The snack food segment was predicted to obtain a revenue of approximately USD 500 billion in 2022.

Challenges

  • Presence of Alternatives in the Market
  • Disrupted Supply-Chain due to COVID-19
  • Requirement for Higher Initial Investment


Aluminum Foil Packaging Segmentation

End-user (Cosmetics, Food & Beverage, Pharmaceutical)

The global aluminum foil packaging market is segmented and analyzed for demand and supply by end-user industry into cosmetics, food & beverage, pharmaceutical, and others, out of which, the food & beverage segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the growing sales of packaged food across the globe. As of 2022, the food and drink segment was anticipated to reach approximately USD 0.75 billion.

Our in-depth analysis of the global market includes the following segments:

     By Product

  • Blisters
  • Containers
  • Foil Wraps
  • Pouches
  • Others

      By Packaging Type

  • Flexible
  • Rigid
  • Semi-Rigid
  • Others

      By End-User Industry

  • Cosmetics
  • Food & Beverage
  • Pharmaceutical
  • Others

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Aluminum Foil Packaging - Regional Synopsis

Regionally, the global aluminum foil packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific region is projected to hold the largest market share by the end of 2033. The growth of the market in the region can be accounted to the rising number of middle class population. It is estimated that the middle-class population of Asia Pacific can dropped to approximately 1.50 billion by the year 2030. Moreover, the increasing disposable income and rising demand for aluminum foil packaging in food and drink industry of the region is further estimated to propel the growth of the market over the forecast period.

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Companies Dominating the Automotive Foil Packaging Landscape

top-features-companies
    • All Foils, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Handi-foil Corporation
    • Novelis Deutschland GmbH
    • Aleris International, Inc.
    • Flexifoil Packaging Pvt. Ltd.
    • Reynold India Private Limited
    • Amcor Limited
    • Ardagh Group S.A.
    • Tetra Laval Group
    • Revere Packaging, LLC

In-the-news

In The News

  • Amcor Limited unveils the DairySeal, a more supportable packaging line for ready-to-drink dairy products featuring ClearCor which is advanced polyethylene terephthalate (PET). The technology used to develop this packaging solution can maintain freshness and taste.

  • Ardagh Group S.A. to receive World Beverage Innovation Award along with Ardagh Packaging. The Award has been given at drintec exhibition for Best Metal Design, H!GHEND which is a technology to offer high-quality decoration on shell surface.


Author Credits:  Sadaf Naaz, Mohd Shadab


  • Report ID: 4477
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing production and consumption of coffee and tea is estimated to majorly boost the market growth.

The market is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2023-2033.

Requirement for higher initial investment is estimated to challenge the market growth.

The market in Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Handi-foil Corporation, Novelis Deutschland GmbH, Aleris International, Inc., Flexifoil Packaging Pvt. Ltd., Reynold India Private Limited, Amcor Limited, Ardagh Group S.A. and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product, packaging type, end-user industry, and by region.

The food & beverage segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Aluminum Foil Packaging Market Report Scope
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