The growing incidence in the use of aluminum foil for packaging, food industry, pharmaceuticals, cosmetics and industrial use is driving the demand for the market.
The Aluminum Foil market is projected to reach USD 40.82 billion by 2027. The market is projected to be propelled by an increased prevalence in demand for food & beverage labeling and medicinal products. Characteristics such as electrical conductivity and enhanced thermal, superior formability, non-absorbent to grease, water, light, and oil, and excellent adhesive strength to face structural complexity and chemical and oxidation attacks make it an integral part of Industrial applications.
The rising number of players in the manufacturing industry of aluminum foil containers and the uncertainty in the costs of raw materials are likely to hinder profit margins. The growing number of domestic players in the market for aluminum foil containers and the capacity expansion of existing players lead to a reduction in pricing which eventually shrinks the net profit of manufacturers of aluminum foil containers.
Asia-Pacific, owing to strong aluminum demand in China, dominates the aluminum foil market. The Asia Pacific region's top consumer base and rising food industry expect significant growth over the projected period. Further development has been propelled by the dramatic rise in food distribution systems and industrialisation.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
Amcor plc, Zhejiang Junma Aluminum Industry Co., Ltd., Novelis Inc., Aluflexpack, Danpak International B.V., Carcano, Comital SpA, Bachmann Aluminium GmbH, PT Aluprima Pacific Industries (ALUPAC), Alufoil Products Pvt. Ltd., Eurofoil, among others.
Market Segmentation by Types:
Application Outlook (Revenue, USD Billion; 2017-2027)
- Blister packs
Thickness Outlook (Revenue, USD Billion; 2017-2027)
End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Food and Beverages
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Aluminum Foil market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Further key findings from the report suggest
- Supportive government initiatives to promote manufacturing sector in the country are expected to augment the demand for aluminum foil in packaging and industrial applications, thereby creating growth opportunities for market players.
- On account of the COVID-19 pandemic, aluminum foils used for pharmaceutical packaging expected to meet a substantial demand from the consumers, many more pharmaceutical companies would start investing in the R&D to invent newer technological breakthroughs.
- The industry expects to be driven by an increasing awareness of plastic contamination and its harmful environmental consequences from plastic wastes. Increased disposable income and increased knowledge of health are also some of the listed factors which are expected to drive market growth. The rising need for recycling of aluminum waste taking fewer energy and improving the industrial economic viability anticipates pressing demand for aluminum foils, especially in developing regions. The ever-growing concern for health expects to make a significant contribution to the growth of this market.
- The proliferation and expanded presence of online grocery aggregators through e-commerce would raise the market for aluminum foil packaging goods
- In recent years, all of the major market players have invested heavily in R&D initiatives, leading to the invention of several innovative products. Major players aim to enhance their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. In the coming years, therefore, an intense rivalry among players is expected.
- In May 2020, An American start-up firm is setting up aluminum billets in the Midwest Industrial Park, named Element 13 LLC. After being operational, the company will be able to melt scrap to make billets, and essentially aluminium logs of various sizes.
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