Aluminum Foil Packaging Market

Aluminum Foil Packaging Market Size Survey Report – In a Glance

As per the survey report on global Aluminum Foil Packaging Market, the market is projected to foresee a CAGR of 4.3% between 2024-2033, and further generate a market size of USD 57.4 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 40.5 billion revenue.

• The global Aluminum Foil Packaging Market is projected to grow on account of recyclable & lightweight properties.
• In Japan, the expansion of e-commerce sector can be attributed to the growth in the Aluminum Foil Packaging Market.
• KDMI analyst’s growth analysis foresees fluctuating aluminum cost to challenge the market growth.
• Asia Pacific, having the highest market share in the Aluminum Foil Packaging Market, is projected to dominate the global market.

Aluminum Foil Packaging Market Analysis

Aluminium foil packaging, a thin material composed of aluminum metal used for wrapping or packing, has good properties for packaging food products. Aluminum is 100% recyclable and is capable of being recycled again without degrading its characteristic value. Aluminum packaging on food offers a comprehensive barricade to light, moisture, oxygen and bacteria, enabling secured storage of perishable goods for a long duration without refrigeration. Aluminum is an incredibly efficient heat-proofer and energy reflector and is used in contemporary HVAC heat exchangers. The lightweight properties and recyclable nature of aluminum are a growth driver of the aluminum foil packaging market. Ardagh Group, ACM Carcano and Tetra Pack are significant players in the global Aluminum Foil Packaging market.

Analyst’s Observation on Japan Aluminum Foil Packaging Market Survey

Grocery e-commerce is thriving, and e-commerce packaging has vast significance in the business's success. Pressed into an ultrathin foil, pure aluminum is an odorless, hygienic and very safe material, which is used in the packing of several online products. The E-commerce market in Japan was worth USD 764 billion in 2021 and is anticipated to expand at a GAGR of 26.2% till 2030, reaching a market worth USD 5.2 trillion. The booming e-commerce industry predicts the growth of the Japanese aluminum foil packaging market. Rakuten is the vast online Japanese shopping podium; it has around 100 million registered members. UACJ Corporation is a significant player in the Japanese Aluminum Foil Packaging market.

Aluminum Foil Packaging Market Growth Driver & Market Restraint

Growth Driver

Increasing application in Food & Beverage sector:

Aluminum foil offers a comprehensive security to oxygen, moisture, light and bacteria and this makes it ideal for application in the food packaging sector. The aluminum foil packaging on food products enables products such as dairy and drink goods to have a long life and further allows storage even without refrigeration. Compared to other packaging materials, for instance, baking paper or cling paper, aluminum foil is an absolute barrier. Aluminum foil replicates up to 98% of infrared heat & light and the foil & packaging market for aluminum expanded by 3.5% between 2010 to 2020. The growing application of aluminum foil packaging in the food & beverage sector bodes well for the growth of its market size.

Market Restraint

Explosion risk:

Fluctuating raw material prices, especially alumina, impact the aluminum foil packaging market. Alumina is a main ingredient used in aluminum manufacture and a shift in its price directly impacts the manufacture cost of aluminum foil. The market depends on bauxite mining, which is advanced into alumina and melted to manufacture aluminum. Any price fluctuation in alumina, bauxite or aluminum has an undulated impact on the value chain.

Aluminum Foil Packaging Market Segmentation

Our experts at KD Market Insights have segmented the global Aluminum Foil Packaging Market research report as:

Aluminum Foil Packaging Market Regional Synopsis

Asia Pacific is expected to dominate aluminum foil packaging due to growth in the pharmaceutical industry. The pharmaceutical business applies blister packs for medicinal products. It is composed of a push-through closure made from aluminum foil, known as lid film or blister film. Different medicines use different blister packing materials. Mainland China’s pharmaceutical sales are anticipated to expand from USD 247 billion in 2023 to USD 345 billion at a CAGR of 6.3%. As of 2021, investment from venture capital firms and private equity in the pharmaceutical sector of China hit a record of USD 2 billion as of 2021. Indian pharmaceutical industry as of 2023, observed an annual growth of around 5%, reaching USD 49.78 billion. The Indian pharmaceutical organizations are anticipated to attain a revenue expansion of 9 to 11% by 2025. Further, the expanding online sales in the Asia Pacific region, such as China and India, are another growth driver of the aluminum foil packaging market. In online sales, aluminum foil packaging is used to avoid contamination of the products during transportation. As of 2022, Chinese retail e-commerce sales amounted to approximately USD 2.68 trillion, indicating a 6.1% annual growth. The e-commerce industry in India is booming, with anticipations denoting a yearly growth rate of around 18% by 2025. By 2030, India is expected to rise as the 3rd largest consumer market worldwide, underscoring the vast opportunities and probability that is ahead of the e-commerce industry in the region.

Asia Pacific is expected to be the fastest-growing region because of the rising demand for ready-to-eat and packaged food. Commercial food manufacturers use aluminum foil because of its light-blocking capabilities because direct sunlight has a negative impact on the taste & look of food. China is experiencing a significant expansion in ready-to-eat meals due to transitioning lifestyle & high rate of urbanization. The ready-to-eat meals Chinese market is anticipated to grow by 10.96%, resulting in a market size of USD 44.16 billion as of 2029. The ageing population in Japan prefer the ease of having prepared meals, and this leads to a high demand for ready-to-eat meals. The sales of ready-to-eat meals every year in Japan are growing continuously and will reach USD 64.63 billion as of 2025. As of 2021, retail sales of packaged foods in South Korea amounted to USD 35.3 billion.

Aluminum Foil Packaging Market Competitive Landscape

Some of the key players who top the global Aluminum Foil Packaging Market share:

• ACM Carcano
• Amcor
• Assan Aluminyum
• Ess Dee Aluminium
• Eurofoil
• Hindalco Industries Limited
• Huawei Aluminium
• Laminazione Sottile
• Shanghai Metal Corporation
• UACJ Foil Corporation
• Xiamen Xiashun Aluminium Foil Co., Ltd
• Zhejiang Junma Aluminum Industry

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Aluminum Foil Packaging  Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Product Type
      2. By Application
      3. By Type
      4. By Packaging Type
      5. By Region
5. Market Segmentation by Product Type
   1. Bags & Pouches
   2. Wraps & Rolls
   3. Blisters
   4. Containers
   5. Others
6. Market Segmentation by Application
   1. Food
   2. Beverages
   3. Pharmaceutical
   4. Personal Care & Cosmetics
   5. Others
7. Market Segmentation by Type
   1. Rolled foil
   2. Backed foil
   3. Others
8. Market Segmentation by Packaging Type
   1. Semi-Rigid
   2. Flexible
   3. Others
9. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type   
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Product Type, Application, Type and Packaging Type    
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, Application, Type and Packaging Type    
10. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
       1. Amcor plc
       2. Constantia Flexibles
       3. Novelis Aluminum
       4. Raviraj Foils Limited
       5. Ampco
       6. Symetal
       7. Aliberico S.L.U
       8. Coppice alupack ltd
       9. Eurofoil Luxembourg S.A.
       10. Reynolds group holdings limited
       11. Others
11. Strategic Recommendations
12. Appendix
    1. List of Tables
    2. List of Figures
13. References