Global Aluminum Foil Packaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The aluminum foil packaging market is segmented by Product (Foil Wrapper, Pouch, Blister Pack), End User (Food, Pharmaceutical, Cosmetics), and Geography.

Market Snapshot

Aluminum Foil Packaging Market
Study Period: 2019- 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.81 %

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Market Overview

The global aluminum foil packaging market (henceforth referred to as the market studied) was valued at USD 23.47 million in 2020 and is expected to register a CAGR of approximately 4.81% during the period of 2021-2026. The growing demand for ready-to-eat confectioneries and pharmaceutical products is the primary driver for the household aluminum foil market.

  • One factor that assists the growth of the household aluminum foil industry is government regulations toward food safety and quality standards, which influences the manufacturers to develop effective packaging solutions that prevent food contamination.
  • The increasing demand for fast-moving consumer goods, coupled with the increasing economy, is expected to lead to the market's high growth in APAC.
  • Aluminum foil is increasingly being merged with flexible films to create lightweight packages. The packaging of pet food, tuna, coffee, and soups alone produces 13 billion packages across the globe, emerging as viable alternatives for conventional plastic packaging.
  • Aluminum's sustainability creates competitive business advantages while simultaneously providing product development advantages. According to the Aluminum Association, nearly 75% of all aluminum that has been ever produced is still in use. Moreover, aluminum waste, when disposed of, does not add any poisonous contaminants to the water or ground; furthermore, these can be economically recycled and have more sustainability.

Scope of the Report

Aluminum foil is an essential material in laminates and has wide application in food packaging. Its barrier function against the migration of moisture, oxygen, and other gases, and volatile aroma and against the impact of light are generally higher than any plastic laminate material.

By End-User
Food
Beverage
Pharmaceutical
Cosmetics and Personal Care
Other End-Users
By Type
Rolled Foil
Backed Foil
Other Foils (Blister)
By Application
Converter Foils
Container Foils
Other Application Foils (Household)
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Key Market Trends

Foil Wrappers Accounts for Significant Share in the Market

  • The food, tobacco, and cosmetics industries are expected to be the major drivers for the growth of aluminum foil wraps over the forecast period.
  • The global cigarette market has shown steady growth in the review period, and this growth is expected to continue over the forecast period as the next generation of tobacco and nicotine products, such as e-cigarettes, are increasingly being commercialized.
  • Statistics released by British American Tobacco estimated that around 5,600 billion cigarettes are consumed each year worldwide.
  • An aluminum foil wrap provides certain characteristics, such as dead fold and embosses ability, which cannot be obtained by other methods of packaging materials.
  • Companies have been identified to take advantage of aluminum foil's unique barrier properties to safeguard tobacco products against moisture, deterioration, aroma transmission, and bacteria by sustaining a micro-climate in the package. Increasing the tobacco industry is expected to proportionately push the adoption of aluminum foil wraps over the forecast period.
  • APAC's increase in the urban population can be attributed to the increase in the usage of aluminum foil, which is consistently increasing in countries like South Korea and China. North America has a huge usage penetration for the aluminum foil market, but the usage still has a scope as according to the US Department, American households only use about one to three foil wraps per day. But the usage beyond is very minimal, which leaves a span for market capture.
Global Aluminum Foil Packaging Market

North America Accounts for Significant Share in the Market.

  • Though the country’s exports of aluminum foil were up till 2013, the robust domestic demand for aluminum has caused an increase in aluminum foil import from China, whose foil shipments to the United States have increased almost tenfold, accounting for around 265 million pounds, in the last decade.
  • The food industry accounts for around 5% of the country’s GDP and is still growing, owing to the greater demand for packaged food. With the Food and Agriculture Organization of the United Nations (FAO)-specified guidelines for packaging of food products, aluminum finds its place in the list of approved materials or coatings that can be used safely.
  • There is a rising availability of packaged dairy products through various retailing channels, along with the increasing consumer preference toward protein-based products, such as yogurt, cheese, and butter, which are expected to drive the adoption of dairy-based packaging in the United States.
  • The US cheese shipments to China, South Korea, and Mexico increased by more than 25% each, and exports to Japan and Southeast Asia increased by 16% and 8%, respectively. Furthermore, the changing consumer lifestyles in the region, coupled with the growing demand for snack products, is driving the demand for aluminum-packaged food products that offer an extended shelf life and sterility.
  • According to the US Dairy Export Council, dairy export accounted for USD 4.8 billion. This dynamic situation of the dairy industry is prompting product manufacturers to turn toward innovation to meet the increasing needs of the consumers, as well as adhering to the domestic and international industry food standards.
Global Aluminum Foil Packaging Market

Competitive Landscape

The aluminum foil packaging market is highly fragmented due to low entry barriers and growing demand. Some key players in the market are Amcor Limited, Constantia Flexibles, Zenith Alluminio Srl, Plus Pack SAS. Some key developments in the market are:

  • August 2021 - ProAmpac has announced the HC series of healthcare products consisting of the HC-600 high barrier film that can be used in a variety of market applications. HC-600W film is ideal for packaging traditional fragrance-containing products and disinfectants.

Recent Developments

  • November 2021 - ProAmpac announced that it had 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.
  • September 2021 - Flex Films, the film manufacturing arm of flexible packaging company Uflex, launched its BOPET high barrier film F-UHB-M. The film is designed to replace aluminum foil in flexible packaging applications to resolve the challenges of the Converting Industry that have relied for long on aluminum foil for packaging despite several of its limitations, including material availability, high material cost, weak integrity, amongst others. The introduction of such alternatives in the market can lead food manufacturers to replace aluminum foil for packaging, which is expected to challenge the growth of the studied market.​

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHT

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitutes

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Assessment of the impact of COVID-19 on the market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Increased Spectrum of Applications

      2. 5.1.2 Sustainable Nature of Aluminum Products

    2. 5.2 Market Challenges

      1. 5.2.1 Emergence of Alternative Materials with Comparative Barrier Properties and Low Carbon Footprint

  6. 6. MARKET SEGMENTATION

    1. 6.1 By End-User

      1. 6.1.1 Food

      2. 6.1.2 Beverage

      3. 6.1.3 Pharmaceutical

      4. 6.1.4 Cosmetics and Personal Care

      5. 6.1.5 Other End-Users

    2. 6.2 By Type

      1. 6.2.1 Rolled Foil

      2. 6.2.2 Backed Foil

      3. 6.2.3 Other Foils (Blister)

    3. 6.3 By Application

      1. 6.3.1 Converter Foils

      2. 6.3.2 Container Foils

      3. 6.3.3 Other Application Foils (Household)

    4. 6.4 By Geography

      1. 6.4.1 North America

      2. 6.4.2 Europe

      3. 6.4.3 Asia Pacific

      4. 6.4.4 Latin America

      5. 6.4.5 Middle East and Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles*

      1. 7.1.1 Amcor PLC

      2. 7.1.2 Constantia Flexibles

      3. 7.1.3 Coppice Alupack Limited

      4. 7.1.4 Hindalco Industries Limited (Aditya Birla Group)

      5. 7.1.5 Eurofoil Luxembourg SA

      6. 7.1.6 Hulamin Limited

      7. 7.1.7 Novelis Inc.

      8. 7.1.8 Tetra Pak International SA

      9. 7.1.9 United Company RUSAL

      10. 7.1.10 Wyda Packaging (Pty) LTD

      11. 7.1.11 Alufoil Products Pvt Ltd

      12. 7.1.12 Assan Aluminyum

      13. 7.1.13 Constellium SE

      14. 7.1.14 Norsk Hydro ASA

      15. 7.1.15 Reynolds Consumer Products

      16. 7.1.16 Raviraj Foils Ltd

      17. 7.1.17 Zhangjiagang Goldshine Aluminium Foil Co.

      18. 7.1.18 Aliberico S.L.U.

  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Aluminum Foil Packaging Market market is studied from 2019 - 2026.

The Aluminum Foil Packaging Market is growing at a CAGR of 4.81% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Amcor Limited, Constantia Flexibles, Nicholl Food Packaging Ltd(Bawtry Carbon International Limited), Hindalco Industries Limited(Aditya Birla Group), China Hongqiao Group Limited are the major companies operating in Aluminum Foil Packaging Market.

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