Europe 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), Application (Food, Dairy, Bakery, Ready to Eat, Confectionary, Others), End User (Food, Pharmaceuticals, Cosmetics, Insulation, Electronics, Geochemical Sampling, Automotive Components, Others) – Industry Trends and Forecast to 2030.
Europe Aluminum Foil Market Analysis and Size
The development in the packaging industry is expected to enhance the aluminum foil market growth because the aluminum foil is widely used for packaging numerous products such as cosmetics, food, beverages and pharmaceuticals. The “food industry” is expected to be the fastest growing end user segment due to increasing demand for packaged food during the forecast period. For instance, Nestle USA has announced plan for its frozen food facility in South Carolina, U.S in June 2021, for an investment of USD 100 million. Such investments are expected to increase packaging consumption and ultimately benefit market growth in the forecast period.
Data Bridge Market Research analyses that the aluminum foil market is expected to reach USD 3468.19 million by 2030, which is USD 2495.52 million in 2022, registering a CAGR of 4.20% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Europe Aluminum Foil Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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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), Application (Food, Dairy, Bakery, Ready to Eat, Confectionary, Others), End User (Food, Pharmaceuticals, Cosmetics, Insulation, Electronics, Geochemical Sampling, Automotive Components, Others)
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Countries Covered
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Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe.
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Market Players Covered
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RUSAL (Russia), CONSTANTIA (Austria), China Hongqiao Group Limited (China), Amcor plc (Switzerland), Coppice Alupack Ltd. (U.K.), Tetra Pak International S.A. (Switzerland), Arnold Magnetic Technologies (U.S.), Zenith Alluminio Srl (Italy), Eurofoil (Luxembourg), TOYO ALUMINIUM K.K. (Japan), Hindalco Industries Ltd. (India), Danpak (Pakistan), Plus Pack AS (Denmark), Southern Aluminium Industry (China) Co.,Ltd (China), Alfipa (Germany), Wrisco Industries Inc. (US), PECTEC Corporation (U.S.).
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Market Opportunities
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Market Definition
Aluminium foil is thin aluminium metal leaves with a thickness less than 0.2 mm, thinner gauges down to 6 micrometres are also generally used. Standard household foil is normally 0.016 mm (thick, and heavy duty household foil is normally 0.024 mm. These foils are pliable, and can be readily wrapped or bent around objects. Thin foils are delicate and are sometimes laminated with other materials such as paper or plastics to make them more useful.
Europe Aluminum Foil Market Dynamics
Drivers
- Increasing usage of aluminum foil for insulation
Insulation is one of the most significant sectors for the usage of aluminum foil. It is widely utilized as a heat-insulating layer for duct and pipe insulation. Aluminum foil bonded with scrim delivers superior heat insulation for pipes. In the construction sector, aluminum foil is also used as an outer layer for insulating materials such as stone wool, foam insulation panels, and lamellar mats. Aluminum foils for insulation are present in both perforated and dense varieties. Therefore, increasing usage of aluminum foil for insulation is expected to drive the market growth.
- Increasing demand of aluminum foil in food industry
Aluminum foil is a significant laminate material which is extensively used in the food packaging market. Its resistance to oxygen, moisture and other gas sedimentation is often superior to that of any plastic laminated material. The increasing demand for food and beverages products from online grocery stores is a major factor for the market growth. Aluminum's flexibility makes it perfect for packaging purposes. Aluminum foil has the attributes of portability, strength, lightweight, and flexibility. As a result of its ease of availability, the aluminum foil market is rapidly growing.
Opportunities
- Growing demand for aluminum foils from pharmaceuticals sector
As the people become more aware regarding environmental concerns, they use more sustainable materials such as aluminum foil in the pharmaceutical sector. Aluminum foil is generally used for medicine packaging because it may preserve and keep them from being polluted by oxygen or water vapor, and prevent them from degrading during transit or storage. Aluminum foil is widely used in all economies since it does not react with medicines during transit or storage and has the advantages of extended life span, high efficiency, and low cost. It is also non-toxic and sanitary, which is expected to create numerous opportunities for the market growth.
- Surging usage of aluminum foil in lithium-ion batteries
Batteries constitute an important part of electric vehicles. So the aluminum foil is utilized in lithium-ion batteries for electrolytic capacitors in electric vehicles. For instance, Toyota Motor has announced that they plan to build a USD 1.3 billion battery plant for hybrid vehicles and electric vehicles in North Carolina, U.S. in October 2021. Growth and expansion in the electric vehicles market is expected to augment the aluminum and willaluminum and demand and generate lucrative opportunities for the market growt in the coming years.
Restraints/ Challenges
- Disadvantages associated with aluminum foil
With the increasing number of restrictions and limitation due to pandemic around the globe, there has been a decrease in the supply and demand of packaging solutions. Also, volatility in raw materials prices will prove to be a disadvantage for the growth of the aluminum foil market. Thus, this will challenge the growth of the market. Moreover, lack of awareness reading these packaging in underdeveloped regions and large scale availability of substitutes will act as major market restraints for the growth of the market.
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 growth 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.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Europe Aluminum Foil Market
The outbreak of COVID-19 has caused unspeakable human pain, comprising disease and death, as well as immeasurable economic consequences. Numerous companies either stopped or significantly reduced their manufacturing capacity as because of COVID-19 outbreak. The sales of aluminum foil saw a severe drop owing to the COVID-19 pandemic because lockdowns and shutdown were implemented by government of numerous regions. Now, global manufacturers in the aluminum foil market are highly focusing on to improving their profitability and sales through improvement and product innovation, and therefore, the market is anticipated to grow swiftly over the coming years.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, Novelis Inc planned to invest around USD 7 million to revive its aluminum foil manufacturing facility in Terre Haute, U.S. The Novelis Inc. stopped its production unit in 2014 due to unfavourable market dynamics.
Europe Aluminum Foil Market Scope
The aluminum foil market is segmented on the basis of product, type, thickness, application 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.
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
Application
- Food
- Dairy
- Bakery
- Ready to Eat
- Confectionary
- Others
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, product, type, thickness, application and end user as referenced above.
The countries covered in the aluminum foil market report are Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and Rest of Europe.
Germany dominate the Europe aluminum foil market in terms of market share and revenue owing to the high demand of online food and innovative vehicles which extensively used aluminum foils to decrease the contamination of bacteria.
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:
- RUSAL (Russia)
- CONSTANTIA (Austria)
- China Hongqiao Group Limited (China)
- Amcor plc (Switzerland)
- Coppice Alupack Ltd. (U.K.)
- Tetra Pak International S.A. (Switzerland)
- Arnold Magnetic Technologies (U.S.)
- Zenith Alluminio Srl (Italy)
- Eurofoil (Luxembourg)
- TOYO ALUMINIUM K.K. (Japan)
- Hindalco Industries Ltd. (India)
- Danpak (Pakistan)
- Plus Pack AS (Denmark)
- Southern Aluminium Industry (China) Co.,Ltd (China)
- Alfipa (Germany)
- Wrisco Industries Inc. (U.S.)
- PECTEC Corporation (U.S.)
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