The global market for aluminium foil packaging is anticipated to reach US$ 26.7 billion by the end of 2022, with a CAGR of 5.3% between 2022 and 2032, according to Fact.MR’s most recent analysis.
One of the primary factors driving the market demand for aluminium foil packaging is the increased shelf life of items. Aluminium foil is a great barrier material for packaging. Given that a sizable fraction of food products deteriorate when exposed to moisture and air, there is an increasing need for packaging options that protect food from these elements.
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Aluminium foil packaging market is perfectly competitive as there are numerous buyers and sellers interacting in the market. Lowered price points play a major role in enhancing the market shares of the key stakeholders regionally. Further, key end users from food and pharma rely on long-term contracts with the foil suppliers of each grade, presenting enormous opportunities for every tier manufacturer.
- The global aluminium foil packaging market is to grow from US$ 26.7 billion in 2022 to US$ 44.8 billion in 2032
- The North American market is estimated to account for a 21.9% share of the global aluminum foil packaging market, in 2022
- The APAC market is estimated to account for a 33.4% share of the global aluminum foil packaging market in 2022
- Amcor, Pactiv and Berry to remain the top suppliers of aluminium foil packaging products
High Preference for Convenience Packaging Is an Emerging Factor that Fuels Market Expansion During the Forecast Period – says a Fact.MR analyst
Developments and strategies
Merger and acquisition, product launches, joint ventures, and other collaborations are some of the key strategies embraced by players. Adoption of digital platforms enhances brand image and expands business territories remotely offering an add-on advantage to the manufacturers to remain competitive in a highly fragmented market. Long-term trade relations with suppliers and distributors offer immense revenue growth opportunities to eminent players in the market.
Competitive Dashboard
Prominent players in the Aluminum Foil Packaging Industry are taking advantage of the rapidly increasing demand for the Aluminum Foil Packaging in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:
- 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 development represents the inaction of the company strategy for growing line solutions for sustainable packaging.
- In November 2021, ProAmpac acquired Irish Flexible Packaging and Fispak from their parent company, IFP Investments Limited. Both Irish Flexible Packaging and Fispak are Ireland-based manufacturers and distributors of sustainable, flexible packaging serving the dairy, bakery, meat, fish and cheese markets in Ireland and internationally.
- In August 2021, ProAmpac introduced the HC-Series of healthcare products, consisting of HC-600 high barrier films, which can be used in a variety of market applications. The HC-600W films are ideal for packaging traditional fragrance-containing products or disinfection agents.
Eminent Players
- Amcor Plc.
- Pactiv LLC
- Novelis, Inc.
- Bemis Co. Inc.
- Clifton Packaging Group Ltd.
- ESS DEE Aluminum Limited.
- Mondi Group Plc.
- Berry Global Group, Inc.
- Protective Packaging Ltd.
- Printpack Inc.
Industry Survey
- By Product:
- Aluminum Foil Wraps
- Aluminum Pouches
- Aluminum Blisters
- Aluminum Containers
- Other Aluminum Foil Packaging Products
- By End User:
- Aluminum Foil Packaging for Food & Beverage
- Aluminum Foil Packaging for Tobacco Industry
- Aluminum Foil Packaging for Pharmaceuticals
- Aluminum Foil Packaging for Cosmetics
- Aluminum Foil Packaging for Others
Key Questions Covered in the Aluminum foil packaging Report
- What will be the estimated size of the aluminum foil packaging in 2023?
- At what rate will sales in the global aluminum foil packaging grow until 2032?
- Which are the factors hampering the demand in the artificial sweetener market?
- Which region will spearhead the growth in the global aluminum foil packaging during 2022-2032?
- Which are the factors driving sales in the aluminum foil packaging during the forecast period?
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