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. Market revenue growth is driven by factors such as availability, durability, environmental sustainability, adaptability, high degree of barrier protection, and lightweight aluminum finding greater application in foil and packaging industries, during the forecast period.
Increasing need for aluminum foil in the packaging industry is rising as a result of its ability to shield products from harmful elements including oxygen, fats, oils, water vapor, ultraviolet radiation, and light while maintaining their ideal quality and flavor. In addition, aluminum foil is widely used in aseptic packaging to provide environment-friendly and sustainable packaging, which is driving market revenue growth.
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Apart from this, demand for recyclable and organic goods is increasing, which is favorable for production of aluminum foil. Due to usage of aluminum foils in cans for beverage packaging the industry is experiencing a rise in demand. Besides, it is expected that increasing use of aluminum trays and packed boxes made from aluminum containers in the food & beverage industry will further drive revenue growth of the aluminum foil market. With increased manufacture and usage of plastics, plastic trash has emerged as the primary environmental problem. Governments across many countries have implemented steps, such as plastic recycling and introduction of legislation to reduce production of plastic trash as a result of increased awareness of plastic pollution and its detrimental effects on environment.
The Global Aluminum Foil Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
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The leading market contenders listed in the report are as follows:
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.
Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Aluminum Foil market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Aluminum Foil market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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
Insulation
Technical
Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
Pharmaceuticals
Food & Beverages
Consumer Goods
Others
Key point summary of the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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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.
