Middle East and Africa   aluminum foil market was valued at USD 1,640.0 million in 2021 and is expected to reach USD 2393.65 million by 2029, registering a CAGR of 4.84% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Market Definition

Aluminum foil is a key component of laminates and is commonly found in food packaging. It offers a higher barrier function against moisture, oxygen, and other gases, as well as volatile smell and light, than any plastic laminate material. Aluminum foil is also used to make sterilized packaging. Aluminum foils deliver many advantages to the packaging and food industries and the consumer, including consumer-friendliness & recyclability.

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Drivers

• Rising government initiatives for spreading consumer awareness

The market is being pushed by growing demand for aluminium foil from end-users such as food, pharmaceuticals, and cosmetics as a result of increased government actions to promote awareness about food safety.

• Stringent rules and regulations toward food safety

Government rules prevailing food safety and quality standards have fueled the rise of the domestic aluminium foil business, encouraging producers to develop effective packaging solutions that avoid food contamination.

• Increase the demand of E-retailing

Changing retail industry dynamics are likely to boost the demand for different retail products, therefore positively propelling the growth of the ready-to-use packaging products. Furthermore, the development of the e-retailing segment has moved consumers to online stores from retail stores. The online food industry will likely remain a key consumer market for aluminum foil products.

Middle East & Africa Aluminum Foil Packaging Market Report Highlights

• In terms of revenue, the pouches segment is projected to ascend at the highest CAGR of 5.9% over the forecast period. Aluminum foil pouches are used as a primary packaging solution for products, such as tea or plant-based products, as it offers barrier properties against moisture, gases, and light and thereby retains the aroma of the packed products
• The pharmaceutical end-use segment accounted for a revenue share of 17.7% in 2020. With increasing governmental initiatives, such as the VISION 2030 plan of Saudi Arabia, towards the development of non-oil-based industries are expected to support pharmaceutical manufacturing in the region. This is expected to contribute to the market growth in the years to come
• Egypt is projected to be the fastest-growing region over the forecast period owing to the growing food & beverage and pharmaceutical industries. Pharmaceutical manufacturers in the country have been focusing on expanding production capacities to meet the growing demand for drugs. For instance, Sanofi increased the investment in pharmaceuticals in Egypt by 50% in 2019 to gain a higher market share
• Major manufacturers operating in Middle East & Africa (MEA) are increasingly emphasizing sustainable packaging solutions. For instance, in January and October 2018, Amcor plc and Constantia Flexibles pledged to make 100% of their portfolio recyclable or reusable by 2025, respectively. This is expected to support the production of aluminum foil-based packaging solutions

Highlight of Table of Content:

§  Chapter 1: Market overview

§  Chapter 2: Middle East and Africa   Aluminum Foil Market Analysis

§  Chapter 3: Regional analysis of the Aluminum Foil Market

§  Chapter 4: Market segmentation based on types and applications

§  Chapter 5: Revenue analysis based on types and applications

§  Chapter 6: Market share

§  Chapter 7: Competitive Landscape

§  Chapter 8: Drivers, Restraints, Challenges, and Opportunities

§  Chapter 9: Gross Margin and Price Analysis

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Some of the major players operating in the aluminum foil market are:

• Amcor PLC (Switzerland)
• Constantia Flexibles (Austria)
• Novelis Aluminum (US)
• Raviraj Foils Ltd (India)
• Novelis Aluminum (US)
• Ampco metal (Switzerland)
• All hilal group (Saudi Arabia)
• Caterpack (South Africa)
• Alcon (Switzerland)
• Huyi Aluminum Co, Ltd (UAE)
• Cosmoplast (UAE)
• Symetal (US)
• Aluminum Foil Converters (South Africa)
• UNIPACK (US)
• Express Group (UAE)
• ERAMCO (Saudi Arabia)

Profound Questions Answered in this Report:

·        What is the growth rate of various stages in the value chain of the industry?

·        Which region has the highest growth rate and size of the emerging market by value in 2022?

·        Who are the competitive players in Middle East and Africa   Aluminum Foil Market?

·        Which region has the largest share and degree of competition in the industry?

·        What is the CAGR of the market during the forecast period 2022 to 2028?

·        Which region is expected to hold the highest market share for the market?

·        What is the main driver of the Middle East and Africa   Aluminum Foil Market?

·        What is sales volume, revenue, and price analysis of top players of the market?

·        What are the market opportunities and threats faced by the vendors in the industry?

·        What has been the impact of COVID-19 on the Middle East and Africa   Aluminum Foil Market?

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