Aluminum Foil Packaging Market to Reach $49.14 Billion by 2034, Driven by Sustainability and E-Commerce Growth

Expansion of e-Commerce Sector Main Factor Driving High Need for Effective Aluminum Foil Packaging to Ensure Product Safety During Transit: Fact.MR Report

Demand for aluminum foil packaging is rising due to factors such as the growing need for uncomplicated and eco-friendly packaging solutions, evolving consumer lifestyles and preferences, and the continuous expansion of the e-commerce sector. According to this updated study by Fact.MR, the global aluminum foil packaging market is set to achieve a valuation of US$ 29.32 billion in 2024 and further progress with expansion at a CAGR of 5.3% through 2034.

The shift toward sustainable packaging has led to the development of a new breed of recyclable aluminum foil packaging solutions. As e-commerce and online shopping gain more traction, the demand for aluminum foil packaging is projected to rise due to its effectiveness in safeguarding products during transit and maintaining their freshness and quality.

Innovations in aluminum foil packaging, such as improved barrier properties and the development of thinner foils, are projected to drive market growth. The trend toward sustainable and eco-friendly packaging solutions is also projected to influence market growth during the forecast period.

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Key Takeaways from the Market Study:

• The global aluminum foil packaging market is forecasted to expand at a CAGR of 5.3% through 2034.
• Global sales of aluminum foil packaging materials are estimated at US$ 29.32 billion in 2024.
• The market is projected to reach US$ 49.14 billion by 2034.
• The North American market is forecasted to expand at a CAGR of 3.1%

through 2034.

• Aluminum blisters are estimated to account for a 22.5% market share in 2024.
• East Asia is projected to account for 24.6% of the global market by

2034.

• China will account for a 56.9% share of the aluminum foil packaging market in East Asia in 2024.
• The United States accounts for a 71.7% share of the market in North America in 2024.

“Aluminum foil packaging solutions are drawing more consumer attention due to their effectiveness in preserving the quality and freshness of food products as well as their eco-friendly nature,” says a Fact.MR analyst.

Market Competition

Key aluminum foil packaging producers are RUSAL, Pactiv Evergreen Inc., Penny Plate LLC, Novelis, and Amcor Limited. Companies are constantly improving their strategies to successfully strengthen their position by working with other well-known manufacturers worldwide.

In 2021, USAL collaborated with Granges AB, a renowned global manufacturer of rolled aluminum products, for thermal management systems and specialized packaging to develop aluminum alloys.

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Leading Players Driving Innovation in the Aluminum Foil Packaging Market:

Key industry participants like RUSAL, Pactiv Evergreen Inc., Penny Plate LLC, Novelis, Amcor Limited, Eramco, Alufoil Products Pvt. Ltd., and Manaksia Ltd. are driving the aluminum foil packaging industry.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the aluminum foil packaging market for 2018 to 2023 and forecast market statistics for 2024 to 2034.

The study divulges essential insights into the market based on product (foil wraps, pouches, blisters, containers), end use (food & beverages, tobacco, pharmaceuticals, cosmetics), and type (rolled foil, backed foil), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

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