According to Fact.MR’s most recent analysis, the global market for aluminium foil packaging is expected to reach US$ 26.7 billion by the end of 2022, with a CAGR of 5.3% between 2022 and 2032.
The longer shelf-life of products is one of the main causes raising market preference for aluminium foil packaging. Packaging made of aluminium foil has excellent barrier qualities. The need for packaging solutions that shield food from moisture and air is growing because a sizeable portion of food products degrade from exposure to these elements.
Download Sample Copy of This Report:https://www.factmr.com/connectus/sample?flag=S&rep_id=518?PJ
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
Market evolution and approaches
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.
Aluminum Foil Packaging Market- Competitive Landscape
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.
Key Segments Covered in the Aluminum Foil Packaging 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
More Valuable Perception
Fact.MR, in its new offering, presents an unbiased analysis of the aluminium foil packaging market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on the product type (foil wraps, pouches, blisters, containers, and other packaging products), end-users (food and beverage, tobacco industry, cosmetics, pharmaceuticals, and other sectors), and across six major regions of the world.
Key Questions Covered in the Aluminum Foil Packaging Market Report
- What will be the estimated size of the Market in 2023?
- At what rate will the global Aluminum Foil Packaging sales grow until 2033?
- Which are the factors hampering the Aluminum Foil Packaging demand?
- Which region will spearhead the growth in the global industry by 2033?
- Which are the factors driving sales in the Aluminum Foil Packaging Market during the forecast period?
Get Customization on this Report for Specific Research Solutions:https://www.factmr.com/connectus/sample?flag=RC&rep_id=518?PJ
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: [email protected]