Aluminum Foil Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR43835

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The aluminum foil market has the potential to grow by 1804.69 thousand tons during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.60%.

This aluminum foil market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (food and beverage packaging, consumer packaging, pharmaceutical packaging, and others) and geography (APAC, Europe, North America, South America, and MEA). The aluminum foil market report also offers information on several market vendors, including Alcoa Corp., Amcor Plc, Ardagh Group SA, Carcano Antonio Spa, Constellium SE, Hindalco Industries Ltd., Norsk Hydro ASA, Reynolds Group Holdings Ltd., Tetra Laval International SA, and United Company Rusal IPJSC among others.

What will the Aluminum Foil Market Size be in 2021?

Aluminum-Foil-Market-Market-Size-2020-2025

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Aluminum Foil Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising concerns regarding the use of plastic packaging products are notably driving the aluminum foil market growth, although factors such as fluctuations in aluminum prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the aluminum foil industry get your FREE report sample now.

  • The rising concerns regarding the use of plastic packaging products is one of the significant market drivers fueling aluminum foil market growth.
  • The majority of the booming industries such as food and beverages, pharmaceuticals, packaging, and e-commerce are significant end-users of plastic packaging solutions, which have ended up accumulating in landfills.
  • The rising awareness about plastic pollution and its adverse effects on the environment has prompted many governments to take initiatives such as plastic recycling and impose regulations to curb plastic waste generation.
  • As plastic recycling is not completely effective, industries are opting for alternative packaging solutions such as aluminum foil. This will significantly contribute to aluminum foil market growth.
  • The growing consumption of secondary aluminum is one of the key aluminum foil market trends that will drive market growth in the coming years.
  • There is an ongoing trend of recycling scraped aluminum to produce secondary aluminum to reduce manufacturing costs and carbon footprint in the aluminum industry.
  • Recycling aluminum scrap is environment-friendly, requires less energy, and improves the economic viability of the industry.
  • Secondary aluminum has become the preferred raw material for aluminum foil producers.
  • The rising preference for sustainability will increase the use of aluminum foil products made from secondary aluminum in end-user industries.

This aluminum foil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Aluminum Foil Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alcoa Corp.
  • Amcor Plc
  • Ardagh Group SA
  • Carcano Antonio Spa
  • Constellium SE
  • Hindalco Industries Ltd.
  • Norsk Hydro ASA
  • Reynolds Group Holdings Ltd.
  • Tetra Laval International SA
  • United Company Rusal IPJSC

 

The aluminum foil market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aluminum foil market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Aluminum Foil Market?

Aluminum-Foil-Market-Market-Share-by-Region-2020-2025

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65% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for aluminum foil in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The growing demand for processed and packaged food and the rapidly growing consumer goods sector will facilitate the aluminum foil market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Aluminum Foil Market?

Aluminum-Foil-Market-Market-Share-by-Application-2020-2025

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The aluminum foil market share growth by the food and beverage packaging segment will be significant during the forecast period. In the food and beverage industry, aluminum foils are widely used for packaging fresh, processed, and semi-processed food and beverage products. The growth in the processed and packaged food industry is likely to boost the demand for aluminum foil in food and beverage packaging applications

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aluminum foil market size.

 

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What are the Key Factors Covered in this Aluminum Foil Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aluminum foil market growth during the next five years
  • Precise estimation of the aluminum foil market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aluminum foil industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aluminum foil market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The aluminum foil market growth will increase by $1517.09 thousand tons during 2019-2024.
The aluminum foil market is expected to grow at a CAGR of 4.91% during 2019-2024.
Technavio has segmented the aluminum foil market by application (Food and beverage packaging, Consumer packaging, Pharmaceutical packaging, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
Alcoa Corp., Amcor Plc, Ardagh Group SA, Carcano Antonio Spa, Constellium SE, Hindalco Industries Ltd., Norsk Hydro ASA, Reynolds Group Holdings Ltd., Tetra Laval International SA, United Company Rusal Plc are a few of the key vendors in the aluminum foil market.
APAC will register the highest growth rate of 65.76% among the other regions. Therefore, the aluminum foil market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • India
  • Germany
  • France
The key factors driving the aluminum foil market growth are:
  • Increase in global consumption of processed and packaged food products
The aluminum foil market vendors should focus on grabbing business opportunities from the food and beverage packaging segment as it accounted for the largest market share in the base year.
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