Posted by IMARC Group, a leading market research company, has recently released report titled “Aluminum Foil Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global aluminum foil packaging market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the aluminum foil packaging market?
The global aluminum foil packaging market size reached US$ 35.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
What is aluminum foil packaging?
Aluminum foil packaging is a versatile and widely used material in the packaging industry. It consists of a thin sheet of aluminum metal that is rolled and processed to create a barrier material characterized by its excellent properties, making it suitable for various packaging applications. It is impenetrable to light, moisture, gases, and microorganisms, which helps protect the contents of the package from external factors that could compromise its quality and shelf life. It also prevents odors and flavors from escaping or entering the box, preserving the integrity of food and other sensitive products. Additionally, it is lightweight, reduces transportation costs, and can be easily shaped into various forms, providing flexibility in packaging design. It is also recyclable, making it an eco-friendly choice for sustainable packaging solutions. As a result, aluminum foil packaging is widely employed for food products, pharmaceuticals, and even in the cosmetic industry to maintain the freshness and safety of the packaged goods.
Request for a sample copy of this report: https://www.imarcgroup.com/aluminum-foil-packaging-market/requestsample
What are the growth prospects and trends in the aluminum foil packaging industry?
The aluminum foil packaging market is primarily driven by the growing popularity of aluminum foil packaging for its exceptional barrier properties. In addition, aluminum foil effectively blocks light, oxygen, moisture, and contaminants, providing an excellent protective shield for the products it encases, which makes it an ideal choice for industries that require long shelf-life and freshness preservation, such as food and beverage (F&B) industry, thus influencing the market growth. Along with this, aluminum foil packaging is widely used for packaging perishable goods, ready-to-eat (RTE) meals, and dairy products in the food industry, thus augmenting the market growth. It also helps in preventing spoilage and maintaining the quality of the contents while withstanding extreme temperatures, making it suitable for hot and cold applications, such as baking and freezing food items. Moreover, the widespread product adoption in the cosmetic and personal care industry for its ability to protect products, including creams, lotions, and serums, from external elements that can alter their composition or effectiveness represents another major growth-inducing factor. Besides this, the growing pharmaceutical industry extensively uses aluminum foil packaging for its exceptional protective qualities to shield from moisture, light, and air to maintain their efficacy and safety, thus creating a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Foil Wraps
- Pouches
- Blisters
- Containers
- Others
Breakup by Packaging Type:
- Rigid Packaging
- Flexible Packaging
- Semi-Rigid Packaging
Breakup by Foil Type:
- Printed
- Unprinted
Breakup by Thickness:
- 007 mm – 0.09 mm
- 09 mm – 0.2 mm
- 2 mm – 0.4 mm
Breakup by End Use Industry:
- Food and Beverage
- Tobacco
- Pharmaceuticals
- Cosmetics
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Alcoa Corporation
- Aliberico SLu
- Alufoil Products Pvt. Ltd.
- Amcor Ltd.
- Carcano Antonio S.p.A
- Constantia Flexibles
- Coppice Alupack Ltd. (Euro Packaging UK Ltd.)
- JW Aluminum
- Novelis Inc. (Hindalco Industries)
- Raviraj Foils Ltd.
- Zhangjiagang Goldshine Aluminium Foil Co., Ltd., etc.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2665&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/