To Reach USD 36.3
Billion By 2027
The global Aluminum foil packaging market is forecast to reach USD 36.3 Billion by the year 2027, according to a
new report by Reports and Data. Aluminum foil is made from an Aluminum alloy containing nearly 99% Aluminum;
these alloys are molten and then produce foils between 0.00017 and 0.0059 inches thick.
Key takeaways from the market study
The US cheese shipments to China, South Korea, and Mexico increased by more than 25% each with a
changing consumer lifestyle and a growing demand readily available eatables, the need for Aluminum
British American Tobacco shared statistics that showed that 5600 billion cigarettes are consumed each year
worldwide. The tobacco market is set to be worth in trillions in the forecasted period; this will ramp us the
use of Aluminum foils in the packaging, which will also help aid the Aluminum foil packaging market.
In the US, the food industry accounts for 5% of the GDP, which is still growing. The already established market
of the US is hard to penetrate. Even with the significant dependency of the economy on the food sector and
food safety, the Aluminum foil packaging market will also have a surge in demand.
North America holds a significant share in the market. This is due to the robust demand for aluminum, which
affected their Aluminum foil imports from China, which increased ten folds. This is owing to the strict
guidelines specified by the Food and Agriculture Organization of the United States, which define packaging of
food products and aluminum find its name in the list of materials that can be used safely.
Aluminum Foil Packaging Market Size – USD 28.7 Million in 2019, Market Growth - CAGR of 4.4%, Market Trends –
High demand in food industry.
Product Type Outlook (Revenue, USD Million; 2017-2027)