Global Aluminum Foil Market Size & Outlook
Global aluminum foil market, 2017-2030 (US$M)
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Global aluminum foil market highlights
- The global aluminum foil market generated a revenue of USD 24,541.4 million in 2021 and is expected to reach USD 39,589.3 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 5.5% by 2030.
- In terms of segment, other products accounted for a revenue of USD 9,210.9 million in 2021.
- Container Foils is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Argentina is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 24,541.4 million |
| Market revenue in 2030 | USD 39,589.3 million |
| Growth rate | 5.5% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Container Foils |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wrapper Foils, Container Foils, Foil Lids, Pouches, Blister Packs, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 13.7% of the global aluminum foil market in 2021.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Argentina is the fastest growing regional market and is projected to reach USD 106.8 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global aluminum foil market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum foil market will help companies and investors design strategic landscapes.
other products was the largest segment with a revenue share of 37.53% in 2021. Horizon Databook has segmented the Global aluminum foil market based on wrapper foils, container foils, foil lids, pouches, blister packs, other products covering the revenue growth of each sub-segment from 2017 to 2030.
The global aluminum foil market is projected to grow over the forecast period owing to its rising demand from the packaging industry. Aluminum foil finds use in food & beverages, pharmaceuticals, and cosmetic industries as it is lightweight, easily recyclable, and flexible.
Increasing consumption of packaged food & beverages is anticipated to boost the demand for aluminum foil over the forecast period. For instance, in 2021, the global soft drinks sales volume was 714.44 billion liters, and it is expected to increase by 18.6% by 2026 to reach 847.57 billion liters.
The cosmetics industry extensively utilizes aluminum foil for packing products. For instance, in September 2021, Beiersdorf, a manufacturer of skin care products, decided to invest USD 225.0 million in its new plant in Leipzig, Germany. The plant is expected to manufacture 450 million units of cosmetic products per year.
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Target buyers of Global aluminum foil market databook
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Our clientele includes a mix of aluminum foil market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aluminum foil market , including forecasts for subscribers. This global databook contains high-level insights into Global aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global aluminum foil market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Aluminum foil market size, 2021 (USD Million)
Top 10 countries: Aluminum foil market size, 2021 (USD Million)
Global aluminum foil market, by region, 2021 (US$M)
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