Aluminium foil is aluminium prepared in thin metal leaves. Aluminum foil provides a complete barrier to light, oxygen, moisture and bacteria. Aluminum foil provides a complete barrier to light, oxygen, moisture and bacteria. For this reason, foil is used extensively in food and pharmaceutical packaging. Aluminum foil is also used to make aseptic packaging. Aluminum foils offer many advantages to the packaging and food industries and the consumer including consumer friendliness & recyclability.
MARKET SCOPE
The "Global Aluminum Foil Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aluminum foil market with detailed market segmentation by product type, end -user and geography. The report provides key statistics on the market status of the leading aluminum foil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global aluminum foil market is segmented into wrappers, pouches, blister packs, and others.
- Based on end-user, the global aluminum foil market is segmented into food and beverages, pharmaceutical, personal care, and others.
MARKET DYNAMICS
Drivers:
- Increasing middle class with growing disposable income.
- Aluminum is recyclable and therefore, represents a lucrative opportunity for manufacturers as growing collection and recovery rates for the product mean less production cost and improved profitability.
- Increased demand in chocolates and snacks industry as well as pharmaceutical industry.
Restraints:
- A lack of technological intervention still allows the use of the Hall-H?roult process to smelt aluminum.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aluminum foil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aluminum foil market in these regions.
IMPACT OF COVID-19ON ALUMINUM FOIL MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemicals and materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the aluminum foil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from aluminum foil market are anticipated to witness lucrative growth opportunities in the future with the rising demand for aluminum foil in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aluminum foil market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Sprinpak Manufacturing LLP
- Europack
- Aditya Birla Group
- Shanghai Kemao Medical Packing Co., Ltd.
- Reynolds Consumer Products
- Handi-foil Corporation
- CrystalWare
- Katbite
- Daxwell
- Alufoil Products Pvt. Ltd.
- PECTEC Corporation
- Wrisco Industries Inc
- Alfipa
- Aluminium Industry (China) Co.,Ltd
- Zhejiang Junma Aluminum Industry Co., Ltd.
- Hubei HYD Aluminum Co., Ltd
- Plus Pack AS
- Danpak
- Hindalco Industries Ltd.
- Toyo Aluminium Ekco Products Co.,Ltd.