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Report Overview
The global aluminium foil market attained a value of nearly USD 24.1 billion in 2023. The market is further expected to grow at a CAGR of 4.3% during the forecast period of 2024-2032 to reach a value of USD 35.2 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Aluminium Foil Market Share
Wrapper and container foils are high in demand due to the rising demand for secure packaging materials
Foil lids are used as seals for containers like jars and cans, protecting the contents and providing a tamper-evident closure and are expected to witness growth in the aluminium foil industry. Pouches, which are flexible, leak-proof bags, are used for packaging a variety of products, from food and beverages to cosmetics and pharmaceuticals. Blister packs, which provide a secure and tamper-evident seal, are commonly used for packaging pharmaceuticals and cosmetics, while collapsible tubes are used for products like toothpaste, creams, and ointments.
Wrapper foils account for a prominent share as these are the most widely used aluminium foils, commonly used for wrapping food items such as sandwiches, snacks, and baked goods. Major food companies like Kraft Heinz and Mondelez International use aluminium wrapper foils to package their products.
Container foils are another key product segment in the aluminium foil market report, used for packaging food and beverages in containers like cans, jars, and bottles. This segment is expected to grow at the fastest rate over the forecast period as the demand for convenient and secure packaging solutions increases. Companies like Ball Corporation and Crown Holdings are major suppliers of aluminium container foils.
The market is likely to be driven by its use in packaging and applications across sectors
The packaging segment is the largest segment in the aluminium foil market as this foil is widely used in packaging due to its capacity to resist oxygen, smells, moisture, gases, light, and germs. It is used to package food products like frozen items, baked goods, snacks, and confectionery, beverages like beer and wine, and pharmaceuticals. The demand for aluminium foil in packaging is driven by the increasing consumption of packaged food and beverages globally. Furthermore, Nestle USA announced plans to invest USD 100 million in expanding its frozen food factory in South Carolina, which is expected to drive the aluminium foil market growth.
The industrial segment includes various applications of aluminium foil in industries such as automotive, aerospace, and construction. In the automotive industry, aluminium foil is used for heat shields, insulation, and other components. As per industry reports, Toyota Motor revealed plans to develop a USD 1.3 billion battery plant for hybrid and electric cars in North Carolina, which will increase demand for aluminium foil in the automotive industry. In the aerospace industry, it is used for heat shields and insulation in aircraft. In the construction industry, aluminium foil is used for insulation, fireproofing, and other applications.
Aluminium Foil Market Report Snapshots
Aluminium Foil Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is expected to grow at a CAGR of 4.3% between 2024 and 2032.
The major drivers of the market include thriving food industry, eco-friendly and sustainable properties of aluminium, and rising demand for oxygen resistant containers, wrappers, and pouches in the food packaging industry.
Key trends aiding market expansion include the demand for convenient and lightweight packaging options, increased use in food and beverage packaging, and growing use in EVs and air conditioning.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Wrapper foils, container foils, foil lids, pouches, blister packs, and collapsible tubes, among others are the different applications of the product considered within the market report.
Packaging and industrial are the major end-uses mentioned in the market report.
As per industry reports, the average aluminium content in an EV is expected to increase by 9.5% to 310 kg by 2026.
Key players in the market are Hindalco Industries Ltd, Amcor plcA, Henan Huawei Aluminium Co, Ltd., Eurofoil, and Zhejiang Junma Aluminium Industry Co. Ltd., among others.
In 2023, the market reached a value of approximately USD 24.1 billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 35.2 billion by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124