Aluminum Foil Market to Grow at a CAGR of 5.5% by 2030 | Industry Trends, Strategies, Size, Share and Regional & Global Analysis

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The global aluminum foil market size was USD 25.34 billion in 2021 and is expected to register a revenue CAGR of 5.5% during the forecast period, according to the latest analysis by Emergen Research. Given that the product is extensively utilised for the packaging of several products, including food, drinks, cosmetics, and medicines, rise in the worldwide packaging sector is predicted to boost market growth. The expanding need for air conditioning systems and the rising demand for electric vehicles (EVs) are predicted to spur future demand development. Aluminum foil production has increased due to a surge in demand from the pharmaceutical sector.

Due to its capacity to protect goods from damaging substances including oxygen, fats, oils, water vapour, ultraviolet radiation, and light while preserving their optimal quality and flavour, aluminium foil is becoming more and more important in the packaging sector. Additionally, aluminium foil is frequently utilised in aseptic packaging to create sustainable and environmentally friendly packaging, which is fueling market revenue growth.

Around the world, aluminium foil is used for a variety of purposes. Large packaging companies are switching from plastic to aluminium as a result of growing public awareness of the environmental damage that plastics cause. Customers have the choice of using aluminium foil in traditional or fan-assisted ovens because it can be used in both. Additionally, they shield rock samples from organic solvents by forming a seal.

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Some Key Highlights From the Report:

·        On October 25, 2021, Johnson Control gave its building managers the authority to monitor sustainability, health and wellness indicators, and waste, water, and energy use while minimising a facility’s overall carbon footprint.

·        During the projection period, the pouches segment is anticipated to post the quickest revenue CAGR. The market’s most flexible packaging solutions, which are sturdy and offer the best protection against moisture, chemicals, dust, and other elements that could compromise the quality of stored items, are predicted to be the main drivers of revenue growth. Due to their small weight, aluminium foil pouches are extremely useful and portable.

·        In 2021, the packaging segment had the biggest revenue share. This is a result of the growing demand for prepared, packaged foods, which has helped to significantly improve the revenue growth for aluminium foil packaging. For instance, the food business in the United States contributes around 5% of the GDP, and demand for packaged dairy products with protein is rising.

Key players in the market include Amcor Plc, Novelis – Hindalco Industries Limited, Zhejiang Junma Aluminium Industry Co., Ltd., Alu Flex Pack AG, Danpak, Stamperia Carcano Giuseppe Spa, Comital SpA, Henan Huawei Aluminum Co., Ltd, Bachmann GmbH, Alufoil Products Pvt. Ltd., and Eurofoil.

Emergen Research has segmented the global aluminum foil market based on product type, thickness, application, end-use, and region:

• Product Type Outlook (Revenue, USD Billion; 2019-2030)

  • Foil Wrappers

  • Pouches

  • Blister Packs

  • Collapsible Tubes

  • Others

• Thickness Outlook (Revenue, USD Billion; 2019-2030)

  • 07 mm

  • 09 mm

  • 2 mm

  • 4 mm

• Application Outlook (Revenue, USD Billion; 2019-2030)

  • Packaging

  • Industrial

    1. Insulation

    2. Technical

    3. Others

• End-use Outlook (Revenue, USD Billion; 2019-2030)

  • Pharmaceuticals

  • Food & Beverages

  • Consumer Goods

  • Others

• Regional Outlook (Revenue, USD Billion; 2019–2030)

  • North America

    1. U.S.

    2. Canada

    3. Mexico

  • Europe

    1. Germany

    2. U.K.

    3. France

    4. Italy

    5. Spain

    6. Sweden

    7. BENELUX

    8. Rest of Europe

  • Asia Pacific

    1. China

    2. India

    3. Japan

    4. South Korea

    5. Rest of APAC

  • Latin America

    1. Brazil

    2. Rest of LATAM

  • Middle East & Africa

    1. Saudi Arabia

    2. UAE

    3. South Africa

    4. Israel

    5. Rest of Middle East & Africa

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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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