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North America Aluminum Foil Market – Industry Trends and Forecast to 2030

Materials & Packaging

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North America Aluminum Foil Market – Industry Trends and Forecast to 2030

  • Materials & Packaging
  • Upcoming Report
  • Jan 2023
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Aluminum Foil Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 174,422.41 USD Billion
Diagram Market Size (Forecast Year) USD 248,046.22 USD Billion
Diagram CAGR %

Major Markets Players

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North America 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 2030.

North America Aluminum Foil Market

 North America 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 the packaging of 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 incease 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 248046.22 million by 2030, which is USD 174,422.41 million in 2022, registering a CAGR of 4.50% 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.     

North America Aluminum Foil Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada, Mexico, Rest of North America

Market Players Covered

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.).

Market Opportunities

  • Increasing side effects with the usage of too many plastic-based materials in different packaging industries
  • Rise in consciousness regarding environment

Market Definition

Aluminium foil is those foils that are prepared by thin 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.

Aluminum Foil Market Dynamics

Drivers

  • Increasing usage of aluminium foil in food sector

Aluminium foil is an important material which is extensively used in the food packaging sector. Its performance against oxygen & other gas sedimentation, moisture and exposure to light is commonly higher than any plastic material. Growing demand for food and beverages products from online grocery channels is a major factor expected to drive the market's growth. The versatility of aluminium makes it a perfect material for packaging applications. Some of the properties of aluminium foil are portability, flexibility, strength, light weight and it can be moulded into the required shape. It also protects the food product from sunlight and moisture. Thus, the increasing usage of aluminium foil in food sector is expected to drive the market growth rate.

  • Increasing usage of aluminum foil for insulation

Insulation is one of the most significant sectors for the usage of aluminum foil. For instance, 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.

Opportunities

  • Growing demand of aluminium foil in pharmaceuticals industry

Increasing awareness regarding environmental issues has led to an upsurge in the usage of sustainable materials for instance aluminium foil in the pharmaceutical industry. Aluminium foil is primarily used for the packaging of drug because it can protect drugs from being contaminated by oxygen or water vapour, so that they will not be ruined during the transportation or storage process. Aluminium foil has been extensively accepted in every nation because it does not react with drug or medicine during transportation or storage, and it has the benefits of long life span, high efficiency and inexpensive cost. The aluminium package is chemically neutral and extremely corrosion resistant. Also, it is non-toxic and hygienic in nature, which is expected to witness large growth of the aluminum Foil market in the pharmaceuticals industry and create numerous opportunities for the growth of the market.

  • 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 announced that they plan to build a USD 1.3 billion battery plant for hybrid 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 foil 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 North America 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 stopped or significantly reduced their manufacturing capacity because of the 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 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 July 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 unfavorable market dynamics.

North America Aluminum Foil Market Scope

The aluminum foil market is segmented on the basis of product, type, 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.

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

 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 and end user as referenced above.

The countries covered in the aluminum foil market report are U.S., Canada, Mexico, and Rest of North America.

U.S dominates the aluminum foil market in terms of market share and revenue owing to high consumer preferences for online and packed food deliver apps in this region.

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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FREQUENTLY ASK QUESTIONS

The North America aluminum foil market size will be worth USD 248046.22 million by 2030.
The growth rate of the North America aluminum foil market is 4.50% by 2030.
The major companies in the North America 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.), etc.
Product, type, thickness and end user are the factors on which the North America aluminum foil market research is based.
Increasing usage of aluminium foil in food sector & Increasing usage of aluminum foil for insulation are the growth drivers of the North America aluminum foil market.
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