Asia-Pacific Aluminum Foil Market, By Product (Foil Wrappers, Pouches, Blister Packs, Collapsible Tubes, Trays/Containers, Capsules, Laminated Lids, Foil Lined Bags, Chocolate Foils, Foil Round Seals, Others ), Type (Printed, Unprinted), Thickness (0.07 MM, 0.09 MM , 0.2 MM, 0.4 MM), End-User (Food, Pharmaceuticals, Cosmetics, Insulation, Electronics, Geochemical Sampling, Automotive Components, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Aluminum foil is used in a wide range of products all around the world. Due to a increasing awareness of the pollution generated by plastics in the environment. Customers can use aluminum foil in both traditional and fan-assisted ovens, providing them the choice to utilize it in both. They also protect rock samples from organic solvents by forming a seal.
Data Bridge Market Research analyses that the aluminum foil market was valued at USD 26.43 million in 2021 and is expected to reach USD 68.30 million by 2029, registering a CAGR of 12.6% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Market Definition
Aluminum foil is a key component of laminates and is commonly found in food packaging. It offers a higher barrier function against moisture, oxygen, and other gases, as well as volatile smell and light, than any plastic laminate material. Aluminum foil is also used to make sterilised packaging. Aluminum foils deliver many advantages to the packaging and food industries and the consumer, including consumer-friendliness & recyclability.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Foil Wrappers, Pouches, Blister Packs, Collapsible Tubes, Trays/Containers, Capsules, Laminated Lids, Foil Lined Bags, Chocolate Foils, Foil Round Seals, Others ), Type (Printed, Unprinted), Thickness (0.07 MM, 0.09 MM , 0.2 MM, 0.4 MM), End-User (Food, Pharmaceuticals, Cosmetics, Insulation, Electronics , Geochemical Sampling, Automotive Components, Others)
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Countries Covered
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Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific.
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Market Players Covered
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Amcor PLC (Switzerland), Constantia Flexibles (Austria), Coppice Alupack Limited (UK), Aditya Birla management corporation Pvt ltd (Mumbai), Eurofoil (Luxembourg), Hulamin Limited (South Africa), Novelis Aluminum (US), Tetra Pak SA (Switzerland), RUSAL (Russia), Wyda Packaging (Pty) LTD (South Africa), Alufoil Products Pvt Ltd (India), Assan Aluminyum Sanavi ve Ticaret AS (Istanbul), Constellium SE (France), Norsk Hydro ASA (Norway), Reynolds Consumer Products (US), Raviraj Foils Ltd (India), Zhangjiagang Goldshine Aluminum Foil Co. (China), Aliberico (Spain)
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Market Opportunities
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Aluminum Foil Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rising government initiatives for spreading consumer awareness
Due to increased government activities to raise awareness about food safety, the market is being pushed by increased demand for aluminum foil from end-users such as food, pharmaceuticals, and cosmetics.
- Stringent rules and regulations toward food safety
The progress of the household aluminum foil industry is due to government regulations toward food safety and quality standards, which encourage manufacturers to create effective packaging solutions that prevent food contamination.
- Increase the demand of E-retailing
Changing retail industry dynamics are likely to boost the demand for different retail products, therefore positively propelling the growth of the ready-to-use packaging products. Furthermore, the development of the e-retailing segment has moved consumers to online stores from retail stores. The online food industry will likely remain a key consumer market for aluminum foil products.
- Increasing demand of biologics
Development in biotechnology and the increasing demand for biologics are expected to drive the demand for aluminum foil in goods, such as powders, liquids and tablets in the country.
Opportunities
- Rise in product innovations
For the market's growth pace, the increasing number of product innovations would enhance new market prospects.. Aluminum is a recyclable material that represents a lucrative opportunity for manufacturers as rising collection and recovery rates for the product mean less production price and improved profitability.
- Demand for producing lightweight packages
Use of aluminum foil accompanied by flexible films to produce lightweight packages has been increasing reasonably. This is probable to offer new opportunities for the market sellers over the short term. These packages can be used in food, coffee, and fish packaging.
Restraints/ Challenges
The global market is growing enormously. However, there are some difficulties in the paths of growth. These hindrances include a lack of proper packaging techniques; some countries are still stuck to traditional methods. Due to the changing lifestyle of people, there is still a major part of the world that does not have enough money to buy packaged food. These are the major market restraints that will obstruct the market's growth rate.
This aluminum foil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aluminum foil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Aluminum Foil Market
COVID-19 has spread at a fast step across the globe. The chemicals and materials industry is one of the main industries suffering severe disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns due to this pandemic. The shutdown of various plants and factories in leading regions has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of different goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. But in the pharmaceutical industry, increase the demand for aluminum foil for medicine packaging.
Recent Development
- In November 2021, ProAmpac declared that their parent company, IFP Investments Limited had developed Irish Flexible Packaging and Fispak. These are Ireland based producers and suppliers of sustainable, flexible packaging serving the fish, dairy, bakery, meat and cheese markets in Ireland and globally.
- In 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 planned to replace aluminum foil in flexible packaging applications to resolve the tasks of the Industry that have weak integrity, material availability, high material price amongst others. These alternatives in the market which can lead food production to substitute aluminum foil for packaging the products which is expected to challenge the market growth.
Asia-Pacific Aluminum Foil Market Scope
The aluminum foil market is segmented on the basis of products, types, thickness and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Products
- Foil Wrappers
- Pouches
- Blister Packs
- Collapsible Tubes
- Trays/Containers
- Capsules
- Laminated Lids
- Foil Lined Bags
- Chocolate Foils
- Foil Round Seals
- Others
Type
- Printed
- Unprinted
Thickness
- 0.07 MM
- 0.09 MM
- 0.2 MM
- 0.4 MM
End-User
- Food
- Pharmaceuticals
- Cosmetics
- Insulation
- Electronics
- Geochemical Sampling
- Automotive Components
- Others
Aluminum Foil Market Regional Analysis/Insights
The aluminum foil market is analyzed and market size insights and trends are provided by country, products, types, thickness and end-user as referenced above.
The countries covered in the aluminum foil market report are Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific,
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aluminum Foil Market Share Analysis
The aluminum foil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aluminum foil market.
Some of the major players operating in the aluminum foil market are:
- Amcor PLC (Switzerland)
- Constantia Flexibles (Austria)
- Coppice Alupack Ltd. (UK)
- Aditya Birla Management Corporation Pvt Ltd (India)
- Eurofoil (Luxembourg)
- Hulamin Limited (South Africa)
- Novelis Aluminum (US)
- Tetra Pak International SA (Switzerland)
- RUSAL (Russia)
- Wyda Packaging (Pty) LTD (South Africa)
- Alufoil Products Pvt Ltd (India)
- Assan Aluminyum Sanavi ve Ticaret AS (Istanbul)
- Constellium SE (France)
- Norsk Hydro ASA (Norway)
- Reynolds Consumer Products (US)
- Raviraj Foils Ltd (India)
- Zhangjiagang Goldshine Aluminum Foil Co. (China)
- Aliberico (Spain)
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