Newly published Fact.MR data establishes that the aluminum foil packaging market is expected to register a CAGR exceeding 4%, reaching US$ 55 Bn by the end of the 2021-2031 assessment period. According to the study, aluminum foil packaging revenues will expand 1.5x during the aforementioned forecast period. An effective alternative to plastic-based packaging coupled with robust structural properties is driving market growth.
Based on the historical performance of the market, sales of aluminum foil packaging products expanded at under 4% CAGR, clocking a valuation exceeding US$ 35 Bn by 2020. Extensive sales of essential products, including pharmaceutical products and packaged food products sustained demand amidst the worst of the COVID-19 pandemic.
Aluminum foil’s thermal conductivity makes it a popular commodity in the market. Aluminum foil is economical, environmentally, and socially beneficial for packaging. Despite its ability to be infinitely recycled, aluminum maintains its quality over time. Due to aluminum’s non-reactive properties and aesthetic appeal, aluminum packaging provides optimal protection to packaged products, as well as assisting in branding to its premium appeal.
Key Takeaways from the Market Study
- Aluminum foil pouches to account for at least 2 out of 5 sales by product type through 2031
- By end user, cosmetics industry to remain primary utilizer, expected to surge at a CAGR of 5%
- Sales of aluminum foil packaging products in the U.S to soar at a CAGR of 4% through 2031
- China to capture nearly 50% of the global market revenue for aluminum foil packaging products
- Europe to experience identical growth figure as the U.S until 2031
- Germany to create an absolute opportunity worth US$ 200 Mn until 2025, expanding 2.1x until 2031
“The rising use of aluminum foil in bags and pouches in pharma is also showing rapid growth since the pandemic and has been widely accepted by medical sectors and consumers, showing a broader application scope,” says the Fact.MR analyst.
How is High Versatility Spurring Sales of Aluminum Foil Packaging Products?
Aluminum foil packaging is widely used in various applications globally. A growing awareness of the pollution caused by plastics in the environment is prompting packaging giants to substitute aluminum for plastic. Aluminum foil can be used both in conventional and fan-assisted ovens, allowing consumers to use it in both types of ovens. Also, they provide a seal against organic solvents while protecting rock samples.
Military personnel use aluminum foil for packaging to protect their equipment from climatic conditions, preserving the equipment’s top-quality while transporting sensitive parts, machines, chemicals, and substances. The use of aluminum foil is becoming more important in the marketplace. Increasing consumer demand for aluminum foil is seen in the automotive industry, where it is used to cover electrode substrates and soft packs.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583