What are the growth opportunities and trend analysis of Aluminum Foil Packaging Market?

Posted on 2022-08-19 by researchinsights in Retail // 0 Comments

San Francisco, California , USA, Aug 19, 2022 — /EPR Network/ —

Aluminum Foil Packaging Industry Overview

The global aluminum foil packaging market size was valued at USD 33.56 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2028.

The rising application of aluminum foil in food and beverage packaging application is likely to be a key driving factor for the industry growth. The processed food industry is witnessing high growth owing to increasing urban population along with changing consumer lifestyles. Furthermore, availability of packaged food products through online channels is supporting the growth of the food and beverage industry, which in turn is expected to have a positive impact on industry growth.

Gather more insights about the market drivers, restrains and growth of the Global Aluminum Foil Packaging market

The busy lifestyle of the working population in the U.S. is increasing consumer reliance on packaged food and beverages. Furthermore, increasing consumer awareness regarding the impact of plastic on the environment is boosting the demand for alternative packaging solutions, impacting the aluminum packaging industry positively.

Advancements in the technical field such as the development of modified atmosphere technology (MAP) which aids in locking the freshness of food by controlling the blend of gases such as oxygen, carbon dioxide, and nitrogen inside the flexible packaging are expected to support the industry growth.

The profit margins of the market players are largely dependent on the raw material costs. Fluctuating aluminum costs leading to uncertainty around the availability of raw materials at economical or consistent prices is likely to be a key challenge for the industry. The high adoption of low-cost flexible plastic alternative solutions such as pouches and bags is also restraining the industry growth.

The Covid-19 pandemic has severely impacted global industrial production due to lockdowns imposed across major economies. However, unlike other industries, the food and beverage and pharmaceutical industries have remained unaffected, which are the major end-users of aluminum foil packaging, benefitting the market.

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Aluminum Foil Packaging Market Segmentation

Grand View Research has segmented the global aluminum foil packaging market on the basis of product, end-use, and region:

Aluminum Foil Packaging Product Outlook (Revenue, USD Million, 2017 – 2028)
- Foil Wraps
- Pouches
- Blisters
- Containers
- Others
Aluminum Foil Packaging End-use Outlook (Revenue, USD Million, 2017 – 2028)
- Food & Beverage
- Tobacco
- Pharmaceutical
- Cosmetic
- Others
Aluminum Foil Packaging Regional Outlook (Revenue, USD Million, 2017 – 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa

Key Companies profiled:

Some prominent players in the global Aluminum Foil Packaging market include

Amcor Plc
Constantia Flexibles
Novelis Aluminum
Raviraj Foils Limited
Ampco
Symetal
Aliberico S.L.U
Coppice alupack ltd
Eurofoil Luxembourg S.A.
Reynolds group holdings limited
Aleris Corporation
Zhangjiagang Goldshine Aluminum Foil Co.
JW Aluminum
Ardagh Group
Express Flexi Pack

Order a free sample PDF of the Aluminum Foil Packaging Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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