Which new trends are likely to be seen

in Aluminum Foil Packaging Market ?

Transparency Market Research delivers key insights for the aluminum foil packaging
market in its published report, which include global industry analysis, size, share, growth,
trends, and forecast for 2020-2025. In terms of revenue, the global aluminum foil
packaging market is projected to expand 1.3x its current market value by the end of 2025,
owing to increasing demand from food service sub-segments such as ready-to-eat meals
and bakery & confectionery across several countries about which, TMR offers detailed
insights and forecasts in the aluminum foil packaging market report.

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Aluminum foil packaging is preferred in various end-use industries, including food &
beverages, pharmaceuticals, personal care & cosmetics, and numerous other industries.
Aluminum foil packaging can offer complete protection from oxygen, light, moisture, and
bacteria making it apt for food and medicine packaging. The TMR team segmented the
analysis of aluminum foil packaging market based on various factors such as thickness,
foil type, application, and end use across five regions. As per TMR analysis, unprinted
type of aluminum foil packaging is expected to hold the largest market share during the
forecast period, owing to its multiple usage in bakery & confectionary, blister packages,
online food delivery items, and others due to its non-toxic nature.

Aluminum Foil Packaging Highly Preferred in Food and Beverages

Bags & pouches, wraps & rolls, and laminated trays application segments of the
aluminum foil packaging market are gaining more traction in food service and online food
delivery businesses from the past several years. Aluminum foil packaging is mostly
considered as the ultimate core packaging material for dairy products, chocolates,
pastries, beverages, fruit juices, etc. Besides this, aluminum foil packaging have less
impact on the environment, as it contains an average 73 percent recycled content, more
than three times the amount of glass or plastic products. These factors make aluminum
foil packaging a preferred format by consumers who keep sustainability in mind, while
making purchase decisions. According to the Product Complexity Index (PCI), aluminum
foil packaging is the 275th most traded product in the world. Consumer inclination toward
aluminum foil packaging, combined with increasing fast food consumption worldwide, will
also help boost the growth of the global demand for aluminum foil packaging.

Asia Pacific Emerging as Major Aluminum Foil Packaging Market

Due to the expansion of key industries such as food & beverages, pharmaceuticals,
personal care & cosmetics, etc., sky-high demand for aluminum foil packaging is
expected during the forecast period. India and China, which enjoy leading positions as
two of the largest consumers of aluminum foil packaging in Asia Pacific, offer plenty of
opportunities to vendors from across the world to invest in this lucrative market. This can
either be done by collaborating with successful local players to expand into the region, or
through mergers & acquisitions. Latest advancements in the global aluminum foil
packaging market has slowly shifted the production base to the East, particularly in Asia.

Health Difficulties Related with Aluminum Foil Packaging May Hinder Market
Growth

Nearly every fifth person in the world wraps food using aluminum foil packaging, and
many use it for cooking too, mostly during roasting and baking. Despite the suitability of
aluminum foil packaging and other desired features, it is reflected unsafe, as aluminum
can react by leaching out to food in contact with the foil, as it is not fully inert. Most people
heat traditional foil-wrapped food even though it cannot be used in microwave and ovens.
Besides this, during the cooking cycle, aluminum migration to food reaches the allowable
limit set by the World Health Organization. In a study examining the effects of
hemodialysis causing aluminum to build up in the blood from sources such as aluminum
foil packaging has been found to increase the risk of developing bone disease. Increasing
customer concern about health issues associated with aluminum foil packaging could
hamper the growth of the demand for aluminum foil packaging. Hence, one of the options
will be to develop new ovenable aluminum foil packaging types, which is safe for cooking.
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Aluminum Foil Packaging Market: Competition Landscape

The global aluminum foil packaging market is expected to witness competition, as many
bulk manufacturers from China and India are trying to grab major market share. Aluminum
foil packaging market includes many well established market participants and numerous
other local players, attributing to major revenue creation with the raising demand for
blister packs, trays, laminated tubes and other products. Some of the key players
operating in the global aluminum foil packaging market are China Hongqiao Group
Limited, United Company RUSAL Plc, Amcor Plc, Hindalco Indistries Ltd., Hulamin
Ltd., Alcoa Corporation, Ess Dee Aluminium Ltd., Novelis Inc., Eurofoil, Pactic LLC,
Penny Plate, LLC, Alufoil Products Pvt. Ltd., Wyda Packaging (Pty) Ltd., Nicholl
Food Packaging, and among others.

The Tier structure is formulated on the basis of segmental revenue and market share of
the company. As per Tier structure, Pactic LLC, United Company RUSAL Plc and Alcoa
Corporation are the Tier 1 players in the aluminum foil packaging Market. These players
are focusing on the development of more flexible, versatile, and stable aluminum foil
packaging solutions. Tier 2 players includes Hindalco Industries Ltd, Amcor Plc, Penny
Plate, LLC, and among others.

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