The global aluminum foil packaging market is projected to grow at a CAGR of 3.2% during the forecast period (2021-2027). The increased awareness among people as well as the companies regarding the use of environmentally packaging products drives the market growth. For instance, the European Parliament passed the package for the upgradation of current waste management rules, including new targets for recycling, packaging, and landfilling. The new package was a key element of the Circular Economy Action Plan of the European Commission.
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In May 2018, the European Council passed the Circular Economy Package under which 100% of all plastic packaging and 70% of all packaging waste have to be recycled by 2030. The novel package also focused on the elimination of the use of foam for food and foodservice packaging. Packaging & Packaging Waste Directive sets material-specific recycling targets for packaging until 2030 under which paper and cardboard are expected to reach 75% recycled by 2025 and 85% by 2030. Besides, by 2035 the amount of municipal waste landfilled must be reduced to 10% or less of the total amount of municipal waste generated.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Aluminum Foil Packaging Market – Segmentation
By Product Type
- Foil Wrappers
- Pouches
- Trays/Containers
- Blister Packs
- Collapsible Tubes
- Other Products (Capsules)
By Application
- Food & Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Others
Global Aluminum Foil Packaging Market – Segmentation by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aluminum foil packaging market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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