Market Overview:
The global aluminum foil used in food packing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for packaged and processed foods, rising disposable income, and growing urbanization. In terms of type, the standard aluminum foil segment is expected to lead the global market during the forecast period. This can be attributed to its low cost and high durability. In terms of application, commercial use is expected to lead the global market during the forecast period.
Product Definition:
Aluminum foil is a thin sheet of aluminum metal, usually about 0.012 inches (0.3 mm) thick, that is often used to wrap food in order to preserve it, either in the fridge or on the shelf. Foil also helps to prevent moisture loss and keep food warm or cool.
Standard Aluminum Foil:
Aluminum foil is a thin layer of aluminum that has been used in packaging solutions for food and other consumables. It is available in different forms such as single, double, and thicknesses. The standard type of aluminum foil that we commonly use today was patented by the American engineer Richard Shotton who was working at the time for British firm Imperial Chemical Industries (ICI) which later became part of Alcan Packaging Company.
Heavy Duty Aluminum Foil:
Heavy-duty aluminum foil is a type of aluminum foil that has high thickness, which ranges from 7 to 11 mils. It is used in food packaging for hot and cold foods such as soups, baked goods, meats and poultry products. The product offers several advantages over standard aluminum foils including higher strength and thermal barrier properties.
The U.S., Canada, the U.K.
Application Insights:
The commercial use segment held the largest share of over 70.0% in 2017. The growing demand for aluminum foil from various industries including food & beverage, pharmaceuticals, cosmetics and packaging is expected to drive the product demand in this application segment over the forecast period.
The home use segment is projected to witness a CAGR of XX% from 2018 to 2030 owing to increasing awareness about health benefits associated with using aluminum-free products such as cleaning supplies and kitchen utensils among other household items such as baking trays and cookware among others (see details below). In addition, growing concerns regarding food safety coupled with rising disposable income levels are anticipated to augment market growth over the coming years (see details below).
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for aluminum foils from various end-use industries such as food & beverage, pharmaceuticals, and fast moving consumer goods (FMCG). In addition, rising population coupled with growing income levels has resulted in an increase in per capita spending on household essentials including food products. This trend is projected to drive product demand over the coming years.
Europe accounted for a significant share of revenue and is expected to grow at a CAGR of XX% from 2018 to 2030 owing high consumption volumes of packaged foods especially bakery items such as pastries, croissants, muffins among others which are produced using aluminum foil as an essential ingredient due its excellent barrier properties that prevent moisture loss during transit while maintaining product quality during storage thus ensuring longer shelf life.
Growth Factors:
- Increasing demand for processed and packaged food products
- Rising disposable income of consumers in developing countries
- Proliferation of modern retail formats such as supermarkets and hypermarkets
- Growing popularity of ready-to-eat food products
- Technological advancements in the packaging industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Foil Used in Food Packing Market Research Report
By Type
Standard Aluminum Foil, Heavy Duty Aluminum Foil, Extra Heavy Duty Aluminum Foil, Other
By Application
Commercial Use, Home Use
By Companies
Alufoil Products, Contital, Alcoa, Norsk Hydro, Novelis, Noranda Aluminum, Alufoil Products, Catty Corporation, Aluminium Foil Converters, Hindalco Industries Limited, Loften Foil, United Company RUSAL
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum Foil Used in Food Packing Market Report Segments:
The global Aluminum Foil Used in Food Packing market is segmented on the basis of:
Types
Standard Aluminum Foil, Heavy Duty Aluminum Foil, Extra Heavy Duty Aluminum Foil, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Use, Home Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alufoil Products
- Contital
- Alcoa
- Norsk Hydro
- Novelis
- Noranda Aluminum
- Alufoil Products
- Catty Corporation
- Aluminium Foil Converters
- Hindalco Industries Limited
- Loften Foil
- United Company RUSAL
Highlights of The Aluminum Foil Used in Food Packing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard Aluminum Foil
- Heavy Duty Aluminum Foil
- Extra Heavy Duty Aluminum Foil
- Other
- By Application:
- Commercial Use
- Home Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminum Foil Used in Food Packing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminum foil is most commonly used in food packaging to keep food fresh. It is often used as a wrap around foods that are being stored in an airtight container, such as a jar or box.
Some of the major companies in the aluminum foil used in food packing market are Alufoil Products, Contital, Alcoa, Norsk Hydro, Novelis, Noranda Aluminum, Alufoil Products, Catty Corporation, Aluminium Foil Converters, Hindalco Industries Limited, Loften Foil, United Company RUSAL.
The aluminum foil used in food packing market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminum Foil Used in Food Packing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aluminum Foil Used in Food Packing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminum Foil Used in Food Packing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aluminum Foil Used in Food Packing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aluminum Foil Used in Food Packing Market Size & Forecast, 2020-2028
4.5.1 Aluminum Foil Used in Food Packing Market Size and Y-o-Y Growth
4.5.2 Aluminum Foil Used in Food Packing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Standard Aluminum Foil
5.2.2 Heavy Duty Aluminum Foil
5.2.3 Extra Heavy Duty Aluminum Foil
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Home Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminum Foil Used in Food Packing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aluminum Foil Used in Food Packing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Standard Aluminum Foil
9.6.2 Heavy Duty Aluminum Foil
9.6.3 Extra Heavy Duty Aluminum Foil
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Home Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Standard Aluminum Foil
10.6.2 Heavy Duty Aluminum Foil
10.6.3 Extra Heavy Duty Aluminum Foil
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Home Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Standard Aluminum Foil
11.6.2 Heavy Duty Aluminum Foil
11.6.3 Extra Heavy Duty Aluminum Foil
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Home Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Standard Aluminum Foil
12.6.2 Heavy Duty Aluminum Foil
12.6.3 Extra Heavy Duty Aluminum Foil
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Home Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Standard Aluminum Foil
13.6.2 Heavy Duty Aluminum Foil
13.6.3 Extra Heavy Duty Aluminum Foil
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Home Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aluminum Foil Used in Food Packing Market: Competitive Dashboard
14.2 Global Aluminum Foil Used in Food Packing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alufoil Products
14.3.2 Contital
14.3.3 Alcoa
14.3.4 Norsk Hydro
14.3.5 Novelis
14.3.6 Noranda Aluminum
14.3.7 Alufoil Products
14.3.8 Catty Corporation
14.3.9 Aluminium Foil Converters
14.3.10 Hindalco Industries Limited
14.3.11 Loften Foil
14.3.12 United Company RUSAL
