Global Aluminum Foil Container Market is segmented By Foil Type (Standard Duty Foil, Heavy Duty Foil, Light Gauge Foil), By Product Type (Compartmental, Non-compartmental), By Capacity (Up to 50 ml, 50 ml to 200 ml, 200 ml to 400 ml, 400 ml and above), By End-User (Food Packers/Processors, Bakery and Confectionery, Retail and Supermarkets, Pharmaceuticals, Personal Care and Cosmetics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Report Overview
150 Pages report analyses the global aluminum foil container market size, shares, recent trends, competitive intelligence, and future market outlook. Aluminum foil usage in food packers/processors is on the rise. Demand from bakeries and confectionery, retail, and supermarkets in ‘The Asia Pacific’ is booming. The competitive rivalry intensifies with Novelis Inc., Pactiv LLC, Trinidad Benham Corporation, and others active in the market.
Aluminum packaging is easily adapted to manufacturing specifications and can be made to suit the specific needs of the user in terms of shape, special coatings, decorative colors, designs, or multi-compartments. Cost-effective aluminum foil containers are available in one-ounce to twenty-pound capacities and can be customized to fit almost any manufacturer’s dispensing machines. Aluminum foil containers provide an excellent hygienic barrier that prohibits bacterial growth and are designed to carry food products safely through all stages of manufacturing and distribution.
Moreover, the containers offer strong shelf appeal and striking package design, and the material is both bright and reflective, with the option to be color-lacquered or printed. They are highly formable and can be “dead folded,” which is beneficial when drawing and shaping containers.
Also, aluminum is the leading recycled material in the world and thus pays for many recycling programs in the municipality. As per the Aluminum Foil Containers Manufacturers Association, recycled aluminum now represents 28% of the scrap value of all recycled materials. All of the nearly 7 billion aluminum foil containers produced annually are 100% recyclable. The amount of recycled aluminum has doubled in the last ten years.
Henceforth, the extensive application features and application of aluminum foil containers and their recyclable properties are anticipated to increase its market over the forecast period of 2024-2031.
Market Summary
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Foil Type, By Product Type, By Capacity, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Market Dynamics
Growing environmental concern over the use of plastic is expected to drive the market for aluminum foil container
Every year, a massive amount of packaging waste is generated, mostly plastic packaging. As per Environmental Protection Agency, containers, and packaging make up a significant portion of municipal solid waste (MSW), amounting to 82.2 million tons of generation in 2018.
In recent years, consumer backlash has emerged against disposable plastic products. The plastic waste that adversely impacts ecosystems has soured consumers and drawn activists' and environmental organizations' attention worldwide. As per the Ocean Conservancy, plastic bottles are the third most common type of waste item found near the ocean, behind cigarette butts and food wrappers. Consequently, many are calling for increased government and industry intervention to address the growing problem.
On the other hand, aluminum foil containers are mostly recyclable and can be used again, reducing the amount of waste generated by packaging. As per Aluminum Foil Container Manufacture Association, all of the nearly 7 billion aluminum foil containers produced annually are 100% recyclable.
Henceforth, environmental regulations over the use of plastics and the recyclable nature of aluminum are expected to increase the market for foil containers during the forecast period.
COVID-19 Impact on Market
Every industry has been affected by the coronavirus pandemic in one way or another. However, this is not the case with the market of aluminum foil containers. During the complete lockdown, when everything was shut down, the packaging industry was also not in use. But when everything started normalizing, packaging goods and food packers and processors were in use because of takeaway options in many restaurants and hotels, increasing the demand for packaged containers such as aluminum foil containers.
Market Segment Analysis
By foil type, the aluminum foil market is segmented into standard-duty foil, heavy-duty foil , and light-gauge foil . Based on product type, the market is categorized into compartmental and non-compartmental. By capacity, the market is segmented into up to 50 ml, 50 ml to 200 ml, 200 ml to 400 ml, and 400 ml & above. By end-user, the aluminum foil market is segmented into food packers/processors, bakery and confectionery, retail and supermarkets, pharmaceuticals, and personal care & cosmetics.
Food packers/processors are expected to dominate the end-user segment owing to the huge demand
As per Statista, in 2019, the global market value of food packaging was estimated to be worth about 305 billion U.S. dollars.
Aluminum food containers protect food from deterioration. It is the lightest “complete barrier” available, impervious to light, gas, water vapor, oils, fats, oxygen, and microorganisms. They keep foods fresh, safe, and tasty, maintaining quality throughout the long shelf life.
Moreover, aluminum foil containers are not affected by temperature extremes. cooking, freezing, transporting, and serving food can all be done in a single convenient package. Aluminum’s conductivity accelerates both baking and freezing and contributes to faster and better product reconstitution than any other packaging material. Its tri-oven ability lets defrost or reheat in the microwave, heat or broil in the oven, and serve and refreeze leftovers.
Henceforth, aluminum foil containers have wide applications in the food packers/processors segment because of containers’ extensive features over the forecast period.
Market Geographical Share
The aluminum foil container market is segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa.
North America is anticipated to lead the aluminum foil container market due to the increased demand for food packers/processors. Simultaneously, the aluminum container market in Latin America, the Middle East & Africa is expanding at a slow pace compared to that in developed economies. Besides, population growth, urbanization, and rising disposable income in the US are expected to boost the market in the forecast period.
Besides North America, the Asia Pacific dominates the region's aluminum foil container due to the increase in demand for packaging, food packers, and processors demand. As per Quartz, China could consume as much as 107 million tonnes of packaged food, compared to 102 million tonnes in the US. Hence, developed countries like China, Australia, South Korea, and Japan are anticipated to be significant contributors to the regional order. Moreover, the packaging sector's development and innovation are expected to boost the market over the forecast period. Besides, the food packaging industry is expanding rapidly in developing economies in this region.
Aluminum Foil Container Market Companies
The aluminum foil container market is fragmented with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Novelis Inc., Pactiv LLC, Trinidad Benham Corporation, Hulamin Containers Ltd., D & W Fine Pack, Penny Plate, LLC, Handi-foil of America, Inc., Revere Packaging, Inc., Nicholl Food Packaging Limited, Contital SRL, and Nagreeka Indcon Products Pvt. Ltd., among others. The major players are adopting several growth strategies, such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Aluminum Foil Container market globally.
Novelis Inc.
Overview: Novelis, Inc. is an American industrial aluminum company headquartered in Atlanta, Georgia, United States. The company operates an integrated network of technically advanced rolling and recycling facilities across North America, South America, Asia, and Europe.
Product Portfolio: Novelis Inc. is a leading manufacturer of rolled aluminum and the global leader in beverage can recycling. The company serves customers in sectors including foil and packaging, beverage cans automotive, consumer electronics, and construction.
Key Developments: Novelis Inc. signed a memorandum of understanding (MOU) on February 4th with the Zhenjiang Jingkou Industrial Zone in Zhenjiang City, Jiangsu Province, to invest around USD 300 million in expanding its automotive aluminum capabilities and recycling operations at its Zhenjiang plant.
