Global Aluminium Foil Packaging Market By Product (Pouches, Foil Wraps, Containers, Blisters, and Other Products), By End-Use (Food & Beverage, Tobacco, Pharmaceutical, Cosmetic and other end-uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Aluminium Foil Packaging Market Overview:

Global market for Aluminium Foil Packaging valued at USD 33,590 Million in 2021. It is estimated to grow at a CAGR of 4.7% between 2022 and 2032.

Aluminum foil is being used in beverage and food packaging applications and will be a major driver of industry growth. Due to the changing lifestyles of consumers and an increasingly urban population, the processed food industry is experiencing high growth. The availability of packaged food products via online channels is also supporting industry growth.

Global Aluminum Foil Packaging Market Scope:

Product Analysis

Wraps made up of aluminum foil captured the foil packaging market in 2021 and represented the highest revenue share. Mostly used for making snack pouches and liquid cartons as well as pharmaceutical pouches and confectionery wraps. Foil wraps are a popular product because of their wide range of applications in different industries.

Pouches can be used to package products for the personal care, cosmetics, food, and food industries. Pouches are very popular due to their simplicity and cost-effectiveness.

Containers made up of Aluminum foil retain reflectivity and brightness which attracts attention to the product in retail environments. These foil containers can also be printed with branding designs or color lacquered. Aluminum foil containers will be attractive options due to the growing requirement for organic packaging in the food and beverage industry.

Aluminum foil capsules are the other main product segment. The plastic-based pods were used to pack ground coffee. Due to environmental concerns, Coffee brands are slowly shifting to aluminum foil-based capsule pods.

End-Use Analysis

Segments such as Food and beverage intimidated the market, accounting for 46.0% of the total revenue in 2021. Packaging products such as containers, pouches, lids, and capsules can be used to package bakery, coffee/tea, dairy and confectionery, dry foods and beverages, meats, and seafood. The widespread use of aluminum foils for packaging purposes in the food and beverage industry is due to their flexibility, lightness, aroma protection, food safety, and wide availability.

Aluminum foil can be used to line cigarette packets with tobacco, which is a perishable commodity. Aluminium-paper laminate is used to preserve the scent of cigarettes in cigarette boxes. It also looks like aesthetic tobacco packaging. This segment’s CAGR is projected to be 3.4%.

In the pharmaceutical sector, aluminum foil is used to make blister covers and foil laminates-based bags or pouches. The pharmaceutical sector is very sensitive to contamination by capsules, tablets, and lozenges. Aluminum foil serves many purposes because of its strong resistance to light and gases.

Key Market Segments:

By Product

• Foil Wraps
• Pouches
• Blisters
• Containers
• Other Products

By End-Use

• Food & Beverage
• Tobacco
• Pharmaceutical
• Cosmetic
• Other End-Uses

Market Dynamics:

The industry is expected to grow due to technological advances such as the modification of atmosphere technology (MAP), which locks the freshness of food by controlling the mixture of gases like oxygen, carbon dioxide, and nitrogen within flexible packaging.

Market players’ profit margins are heavily dependent on raw material costs. The industry faces a major challenge due to fluctuating aluminum prices and uncertainty about the availability of affordable or consistent raw materials. Industry growth is being resisted by the high adoption of flexible plastic alternatives such as bags and pouches at low prices.

Due to the lockdowns in place across major economies, the Covid-19 pandemic severely affected global industrial production. The market has benefited from the fact that the primary end-users for aluminum foil packaging have not been affected, unlike other industries.

Regional Analysis:

The Asia Pacific was the dominant region, with 38.2%. Asia Pacific’s growth market is due largely to the expansion of the middle-class as well as expanding consumer markets in end uses. These include food, drink, and pharmaceuticals. China and India are the two most important markets due to their high levels of manufacturing investment and large consumers.

U.S. drug companies gradually shift to flexible packaging like blisters because of their efficiency. In the future, blister packs will likely be more efficient than aluminum foil packaging.

Europe’s market for sustainable packaging will experience substantial growth due to growing awareness. The industry will also see benefits from the strict regulations the government has set in place to reduce plastic packaging.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The market’s key players are increasingly focusing more on mergers, acquisitions, and integrations to expand their product lines and customer base. Amcor plc has acquired Bemis Company Inc. in America, a packaging manufacturer. This acquisition has greatly enhanced the former’s product range, customer base, manufacturing capability, and geographical presence around the globe. The following companies are leaders in the global aluminum foil packaging business:

Market Key Players:

• Amcor plc
• Constantia Flexibles
• Novelis Aluminum
• Aliberico S.L.U
• Coppice alupack ltd
• Raviraj Foils Limited
• Ampco
• Symetal
• Other Key Players

For the Aluminium Foil Packaging Market research study, the following years have been considered to estimate the market size: