Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 174,422.41 Billion |
| USD 248,046.22 Billion | |
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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.
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.
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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), End User (Food, Pharmaceuticals, Cosmetics, Insulation, Electronics, Geochemical Sampling, Automotive Components, Others)
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Countries Covered
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U.S., Canada, Mexico, Rest of North America
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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. (U.S.), PECTEC Corporation (U.S.).
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Market Opportunities
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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.
Drivers
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.
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
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.
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
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.
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
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
Type
Thickness
End User
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.
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:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its North America Aluminum Foil Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as North America Aluminum Foil Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.