Global Aluminium Foil Packaging Market Forecasted To Grow At A 4.2% CAGR

Major companies in aluminium foil packaging market are Ardagh Group, ACM Carcano, Tetra Pack, Zenith, Jasch Foils, Assan Aluminyum, and Flexifoil, Amcor among others. These players are set to bolster the development of global aluminium foil packaging market.

According to analysts at Zion Market Research, the global Aluminium Foil Packaging market size was valued USD 21.39 billion in 2023 and is expected to rise to USD 30.97 billion by 2032 at a CAGR of 4.2%.

This review is based on a report by Zion Market Research, titled “Aluminium Foil Packaging Market by Product (Foil Wraps, Pouches, Blisters and Containers), By End Use (Food & Beverage and Pharmaceutical): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.”

Use on pharmaceutical sector driving the aluminium foil packaging market

The rising use of aluminium foil packaging in a variety of end-use industries, such as food and beverage, pharmaceuticals, tobacco, cosmetics, and electronics, is expected to boost market growth. Aluminium is abundant on the planet and is completely recyclable. The major growth drivers are the persistent rise in demand for food and snacks from online food channels, as well as the ever-increasing demand in the pharmaceutical sector.

During the forecast period, robust economic growth, combined with a growing middle population and rising personal disposable income, is expected to accelerate the growth of the global aluminium foil packaging market. The shift in lifestyle, which includes a shift in eating habits, has resulted in a rise in packaging demand. A robust demand for aluminium foil packaging in the snack and chocolate industries is also supporting the global growth of the aluminium foil packaging market. Technological advancements to improve product quality, plant losses reduction, inclination in the obtainability of foils in various forms for critical mass consumption applications, and progress in the exportability of aluminium foils are some of the major opportunities in the global aluminium foil packaging market.

Extensive usage of aluminium products attributable to North American dominance in the market

North America controls a sizable portion of the market. Though the country's aluminium foil exports were up until 2013, strong domestic demand for the metal has resulted in an increase in aluminium foil imports from China, whose foil shipments to the US have increased nearly tenfold in the last decade, to around 265 million pounds. Because of the increased demand for packaged food, the food industry accounts for around 5% of the country's GDP and is still growing. Aluminium is included in the list of approved materials or coatings that can be used in food packaging, according to the Food and Agriculture Organization of the United Nations (FAO). The increasing availability of packaged dairy products through various retailing channels, as well as rising consumer preference for protein-based products like yogurt, cheese, and butter, are expected to drive dairy-based packaging adoption in the United States.

Browse the full “Aluminium Foil Packaging Market By Product (Foil Wraps, Pouches, Blisters And Containers), By End Use (Food & Beverage And Pharmaceutical): Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/aluminum-foil-packaging-market

The global aluminium foil packaging market is segmented as follows:

By Product

• Foil Wraps
• Pouches
• Blisters
• Containers

By End Use

• Food & Beverage
• Pharmaceutical

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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