Global Aluminum Foil Packaging Market

Aluminum Foil Packaging Market Size, Share, Growth Analysis, By Products(Foils Wraps, Pouches, Blisters, Containers), By End User(Food & Beverage, Tobacco, Pharmaceutical, Others), By Type(Rigid, Semi-rigid, Flexible), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15G2070 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 93 | Figures: 76

Aluminum Foil Packaging Market News

  • In August 2022, The construction of an aluminium foil production facility by LOTTE Aluminum Materials LLC in Elizabethtown was announced by Governor Andy Beshear. An estimated 122 full-time jobs will be created thanks to the $238.7 million investment.
  • In July 2022, inquiries into aluminium foil imports from China that are produced or finished in Thailand and South Korea were self-initiated by the U.S. Department of Commerce. According to unfair trade orders released by the Commerce Department in April 2018, these imports are improperly avoiding the payment of antidumping and countervailing taxes on imports of aluminium foil from China.
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Aluminum Foil Packaging Market size was valued at USD 25640.48 million in 2019 and is poised to grow from USD 26666.1 million in 2023 to USD 37954.17 million by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

The existence of several international players defines the aluminum foil packaging market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our aluminum foil packaging market reports, some of the leading quality aluminum foil packaging manufacturers are as follows: Amcor Ltd. (Australia), China Hongqiao Group Limited (China), United Company RUSAL Plc. (Russia), Ess Dee Aluminum Ltd (India), Alufoil Products Pvt. Ltd. (India), Nicholl Food Packaging (U.K.), Wyda Packaging (Pty) LTD (South Africa), Penny Plate, LLC (US), Alcoa Corporation (US), Novelis Inc. (US). 'Amcor Ltd.', 'Alcoa Corporation', 'Reynolds Group Holdings Limited', 'Novelis Inc.', 'Hindalco Industries Limited', 'Constellium SE', 'Ball Corporation', 'Tetra Pak International S.A.', 'Hulamin Limited', 'Alufoil Products Pvt. Ltd.', 'Eurofoil', 'Plus Pack AS', 'Nicholl Group Limited', 'Ardagh Group S.A.', 'Carcano Antonio S.p.A.', 'Zenith Alluminio Srl', 'Comital Group', 'Gulf East Paper and Plastic Industries LLC', 'Polinas Plastik Sanayi ve Ticaret A.S.', 'K&S Aluminium Foil Ltd.'

The need for alternative packaging options is rising as consumer awareness of the negative environmental effects of plastic increases, which is good news for the aluminium packaging business.

Many businesses use alternative packaging materials like paperboard, glass, pulp, and plastic in order to save costs or give upscale packaging.

In 2021, Asia Pacific dominated the aluminum foil packaging market and contributed for 38% of total sales. Due to the region's burgeoning middle class and consumer markets for products including food, beverages, and pharmaceuticals, the industry is expanding throughout Asia Pacific. Due to significant manufacturing expenditures and large populations of consumers, India and China are projected to become the product's two most important markets.

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Global Aluminum Foil Packaging Market

Report ID: SQMIG15G2070

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