The global aluminum foil market size was USD 25.34 billion in 2021 and is expected to register a revenue CAGR of 5.5% during the forecast period, according to the latest analysis by Emergen Research. Market revenue growth is driven by factors such as availability, durability, environmental sustainability, adaptability, high degree of barrier protection, and lightweight aluminum finding greater application in foil and packaging industries, during the forecast period. Increasing need for aluminum foil in the packaging industry is rising as a result of its ability to shield products from harmful elements including oxygen, fats, oils, water vapor, ultraviolet radiation, and light while maintaining their ideal quality and flavor. In addition, aluminum foil is widely used in aseptic packaging to provide environment-friendly and sustainable packaging, which is driving market revenue growth.
Apart from this, demand for recyclable and organic goods is increasing, which is favorable for production of aluminum foil. Due to usage of aluminum foils in cans for beverage packaging the industry is experiencing a rise in demand. Besides, it is expected that increasing use of aluminum trays and packed boxes made from aluminum containers in the food beverage industry will further drive revenue growth of the aluminum foil market. With increased manufacture and usage of plastics, plastic trash has emerged as the primary environmental problem.
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Governments across many countries have implemented steps, such as plastic recycling and introduction of legislation to reduce production of plastic trash as a result of increased awareness of plastic pollution and its detrimental effects on environment. Industries are choosing alternate packaging options, such as aluminum foil, since plastic recycling is not always effective. However, lack of efficient recycling procedures provide another obstacle to the market's expansion for aluminum foil during the forecast period.
The report projects the market is anticipated to grow at a significant rate owing to rapid advancements and technological developments in the sector. The report offers strategic recommendations to businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, RD advancements, and industrial penetration.
The leading market contenders listed in the report are as follows:
Amcor Plc, Novelis - Hindalco Industries Limited, Zhejiang Junma Aluminium Industry Co., Ltd., Alu Flex Pack AG, Danpak, Stamperia Carcano Giuseppe Spa, Comital SpA, Henan Huawei Aluminum Co., Ltd, Bachmann GmbH, Alufoil Products Pvt. Ltd., and Eurofoil.
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Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Aluminum Foil market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Aluminum Foil market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
Emergen Research has segmented the global aluminum foil market based on product type, thickness, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2019-2030)
Foil Wrappers
Pouches
Blister Packs
Collapsible Tubes
Others
Thickness Outlook (Revenue, USD Billion; 2019-2030)
07 mm
09 mm
2 mm
4 mm
Application Outlook (Revenue, USD Billion; 2019-2030)
Packaging
Industrial
Insulation
Technical
Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
Pharmaceuticals
Food Beverages
Consumer Goods
Others
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How will the Aluminum Foil Market, 2022 to 2030 report help you?
In summary, our 250-page report provides you with the following knowledge:
Revenue forecasts to 2030 for Aluminum Foil Market, 2022 to 2030 Market, with forecasts for include report segmentation and company size, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2030 for four regional and 20 key national markets – See forecasts for the Aluminum Foil Market, 2022 to 2030 market in North America, Europe, Asia-Pacific and LAMEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market – including company profiles for 15 of the major companies involved in the Aluminum Foil Market, 2022 to 2030.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
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