High growth rates projected for global aluminium foil packaging market during 2017-2026

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Aluminium foil is finding large application in packaging in the food industry. It is widely used as a compact storage for electric charges. Nowadays, aluminium foil is being merged with flexible films to create lightweight packages. This allows packages to expand during packaging and contract as soon as the product is consumed. Manufacturers are focusing on producing a top quality of aluminium foil packages. However, a small change in the process can impact the product quality. Hence, machines and techniques used in aluminium foil packages are well tested, researched and developed.

Aluminium foil is gaining popularity as the flexible packaging option. Moreover, four-sided, fin-sealed pouches are becoming popular for medical, retail food applications, and institutional food service packs. Aluminium-based containers that can be used in the microwave are also being developed on a large scale. Special cooking aluminium foil for barbecuing have been developed in recent years.

Recycling of aluminium foil including cans and foils are also gaining traction. Processes used during manufacturing of aluminium foil are being improved to reduce hazardous waste and pollution. Laminated aluminium foil with paper stuck inside is largely being used in the food industry for packaging sweets and tea as the paper absorbs moisture while the foil protects the contents.

According to latest report on the global market for aluminium foil packaging by Fact.MR, the market is expected to see steady growth in terms of value, registering a CAGR of 5.1% between 2017 and 2026, and 4.5% CAGR in terms of volume during this period. The global aluminium foil packaging market is also estimated to reach USD21.8 billion revenues by the end of 2026.

More than 10 million tonnes of aluminium foil packages are expected to be sold by the end of the forecast period. Aluminium foil is also considered as a key material for packaging food products. Hence, manufacturers are working on developing innovative aluminium foil packaging technology. Aluminium foil containers are also being used to keep wine and fruit juices for a long period of time at room temperature.

Aluminium foil packaging to be used widely in food service packaging

Based on the product type, rigid non-compartmental trays are expected to witness the highest growth. The rigid non-compartmental trays are estimated to bring in more than USD7.2 billion revenues by 2026 end.

Based on the end use, aluminium foil packaging are likely to be used on a large scale for food service packaging. Towards the end of 2026, food service packaging is projected to reach close to USD7.6 billion revenues. Aluminium foil helps in keeping the food fresh and hot for a long time.

Asia Pacific excluding Japan to lead the global market for aluminium foil packaging

Asia Pacific excluding Japan (APEJ) is likely to emerge as the leading region in the global aluminium foil packaging market during the forecast period 2017-2026. Increasing preference for convenient packaging and changing lifestyle in the region is driving the demand for aluminium foil packaging in the food industry. Restaurants and food chains are also using aluminium foil packaging to pack the food for delivery. Also, aluminium foil packages are easy to recycle, hence, countries such as India and China are also moving towards improving recycling rate by adopting eco-friendlier packaging options. Increasing demand for processed food and beverages in APEJ is also driving the growth of the aluminium foil packaging.

Key players in the global market are Aleris, Hulamin, Reynolds Food Packaging, Nicholl Food Packaging, to mention but a few.

These insights are based on a report on Aluminium Foil Packaging by Fact.MR.

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