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The global aluminum foil market size was USD 25.34 billion in 2021 and is expected to register a revenue CAGR of 5.5% during the forecast period, according to the latest analysis by Emergen Research. Market revenue growth is driven by factors such as availability, durability, environmental sustainability, adaptability, high degree of barrier protection, and lightweight aluminum finding greater application in foil and packaging industries, during the forecast period. Increasing need for aluminum foil in the packaging industry is rising as a result of its ability to shield products from harmful elements including oxygen, fats, oils, water vapor, ultraviolet radiation, and light while maintaining their ideal quality and flavor.
This research report also shows how the market for aluminium foil is evolving in terms of technology. In-depth explanations are provided for the factors driving market expansion and enabling businesses to succeed on the international stage. The analysis takes into account the current state of the data centre power market as well as market trends for the years 2022 to 2030. Several market growth accelerators, restraints, and trends are covered in detail. The supply and demand sides of the industry are covered in the research. Leading businesses and other well-known ones functioning in the market are profiled and examined.
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Some Key Highlights
- On 25 October 2021, Johnson Control made its building operators empowered enough to track health and wellness metrics and sustainability while reducing waste, water, and energy use, as well as lowering a building’s overall carbon footprint.
- The pouches segment is expected to register fastest revenue CAGR during the forecast period. Revenue growth is expected to be driven owing to most adaptable and flexible packaging options available in the market, as they are strong and provide best protection against moisture, chemicals, dust, and other elements, that might degrade quality of stored goods. Aluminum foil pouches are very portable and useful owing to their lightweight. Furthermore, as aluminum can be recycled, producers have countless options for producing pouches with lower manufacturing costs and greater profitability than plastic, which results in a less carbon impact.
- The packaging segment accounted for largest revenue share in 2021. This is due to rising demand for packaged, ready-to-eat food, which has contributed to a considerable increase in aluminum foil packaging revenue growth. For instance, in the U.S. food industry accounts for approximately 5% of the GDP as well as there is a rise in demand for protein-based packaged dairy products. Hence, to meet such demands aluminum foil packaging segment is expected to surge and drive revenue growth. Also, recent economic progress and rise in per capita income of the middle class are also driving revenue growth of this segment.
Major Players/Manufacturers profiled in the report are:
Amcor Plc, Novelis – Hindalco Industries Limited, Zhejiang Junma Aluminium Industry Co., Ltd., Alu Flex Pack AG, Danpak, Stamperia Carcano Giuseppe Spa, Comital SpA, Henan Huawei Aluminum Co., Ltd, Bachmann GmbH, Alufoil Products Pvt. Ltd., and Eurofoil.
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Emergen Research has segmented the global aluminum foil market based on product type, thickness, application, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2019-2030)
Foil Wrappers
Pouches
Blister Packs
Collapsible Tubes
Others
Thickness Outlook (Revenue, USD Billion; 2019-2030)
07 mm
09 mm
2 mm
4 mm
Application Outlook (Revenue, USD Billion; 2019-2030)
Packaging
Industrial
1. Insulation
2. Technical
3. Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
Pharmaceuticals
Food & Beverages
Consumer Goods
Others
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Research Methodology
Using secondary sources such as company websites, annual reports, press releases, financial data, investor presentations, articles, news, white papers, certified publications, and government publishing sources as a starting point for the research methodology used to estimate and forecast the size of the Global Aluminum Foil Market. In addition, the research takes into account vendor offers in order to categorise the market.
Using this data, the research then calculates the size of the global Aluminum Foil market using a bottom-up approach. Primary research included thorough interviews with senior executives, chief executive officers, and directors, as well as vice presidents (VPs) and managers to determine the size of the market. These categories and sub-segments were then confirmed and validated by secondary research. Data triangulation processes are then used to complete the total market engineering process and arrive at precise statistics for all segments and sub-segments
Major Regions Covered in the Aluminum Foil Market Report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Our report offers:
– Market share assessments for the regional and country level segments.
– Market share analysis of the top industry players.
– Strategic recommendations for the new entrants.
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
– Strategic recommendations in key business segments based on the market estimations.
– Competitive landscaping mapping the key common trends.
– Company profiling with detailed strategies, financials, and recent developments.
– Supply chain trends mapping the latest technological advancements.
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About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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