Global aluminum foil Market Outlook, Industry Analysis and Prospect 2018-2026
Summary – A new market study, “Global aluminum foil market Industry Analysis and Forecast (2018-2026) ”has been featured on WiseGuyReports.
Global aluminum foil market was value US$ 21.7 Bn in 2017, and
is expected to reach US$ 32.3 Bn by 2026, at a CAGR of 5.1 % during forecast
period.
Aluminum is a non-ferrous metal which is extensively used in
packaging materials. It forms an exceptional material for creating varied types
of containers. It has proved to be an excellent material for protecting food,
be it on shelf, cooler or freezer. Aluminum foils are easy to use, recyclable
and consumer friendly product. Consumers can directly heat or freeze food
products in the foil container. Aluminum packaging provides a complete protection
against moisture, light, oxygen, and bacteria.
Based on thickness of aluminum foil, the global aluminum foil packaging market
has been segmented into 0.07 mm – 0.09 mm, 0.09 mm – 0.2 mm, and 0.2 mm –
0.4 mm.
The 0.09 mm – 0.2 mm segment is estimated to dominate the
market. The 0.2 mm – 0.4 mm segment is anticipated to witness a decline in
market share. Thickness above 0.2 mm is not accepted as foil, and is considered
as ‘sheet’. The majority of the contribution to growth of the 0.2 - 0.4 mm
segment is from emerging economies.
Printed and unprinted are two foil types of aluminum foil
packaging market. It depends upon which kind of material is to be pack.
Aluminum foils are easy to use, recyclable and consumer friendly product. Based
on the foil packaging applications, the food segment is anticipated to dominate
the market, over the forecast period. High availability of substitutes in the
food & beverages industry, packaging and quality of product have always
been the key competitive factors. Dry foods, like aromatic herbs and spices,
are best preserved when packed in aluminum packaging medium
The use and demand for aluminum foil in pharmaceutical and drug
industry is poised to grow at a faster rate than any other sector which may be
primarily attributed to increasing demand to secure medicines safely. It is
followed by increased demand across food packaging industry which includes
railway catering services and chocolate production.
The increased importance on the adoption of eco-friendly
packaging has proved to be a major driver for the aluminum foil packaging
market, the large volumes of aluminum foil packaging products that are not
recycled and are left unaccounted for in landfills has started become a huge
ecological challenge. This factor could hamper the growth of the market,
especially in regions where waste management practices are not well-established
and improper disposal of recyclable packaging products is not penalized.
Asia-Pacific is expected to dominate the global aluminum foil
containers market over the forecast period. Rising urbanization coupled with
growing disposable income which is anticipated to contribute towards the
growing demand for aluminum foil containers market. Growing inclination towards
convenience packaging solutions in food and beverages packaging is expected to
drive the aluminum foil containers market over the forecast period in this
region.
The North American aluminum foil packaging market is likely to
be dominant during the forecast period. This is majorly due to change in
technology in order to enhance the product quality by the manufacturers in the
region and also the trend of using packed and container food is driving the
aluminum foil packaging market.
The report covers a comprehensive review of major market
drivers, restraints, opportunities, challenges, and key issues in the market.
Furthermore, Competitive scenario and market share of the top players in the
market, price, financial position, product portfolio, growth strategies and
regional presence. The report also provide PEST analysis, PORTER’s analysis,
SWOT analysis to address question of shareholders to prioritizing the efforts
and investment in near future to particular market segment.
Scope of Aluminum Foil Market:
Global Aluminum Foil Market, By Foil thickness
0.007 mm - 0.09 mm
0.09 mm - 0.2 mm
0.2 mm - 0.4 mm
Global Aluminum Foil Market, By Foil Type
Printed
Unprinted
Global Aluminum Foil Market, By Application
Food
Dairy
Bakery
Confectionary
Ready-to-eat
Beverages
Pouch Packs
Bottle neck protection
Pharmaceuticals
Personal Care & Cosmetics
Others
Global Po Aluminum Foil Market, By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Key Players Operating In Aluminum Foil Market:
China Hongqiao Group Limited
Hindalco Indistries Ltd
United Company RUSAL Plc.
Amcor Limited
Eurofoil, Pactic LLC
Hulamin Ltd
Alcoa Corporation
Novelis Inc.
Ess Dee Aluminum Ltd
Penny Plate
LLC
Wyda Packaging (Pty) Ltd.
Alufoil Products Pvt. Ltd
Nicholl Food Packaging
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