Argentina Aluminum Foil Market Size & Outlook, 2021-2030
Argentina aluminum foil market, 2017-2030 (US$M)
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Argentina aluminum foil market highlights
- The Argentina aluminum foil market generated a revenue of USD 101.1 million in 2021 and is expected to reach USD 106.8 million by 2030.
- The Argentina market is expected to grow at a CAGR of 0.6% from 2022 to 2030.
- In terms of segment, other products was the largest revenue generating product in 2021.
- Wrapper Foils is the most lucrative product segment registering the fastest growth during the forecast period.
Aluminum foil market data book summary
| Market revenue in 2021 | USD 101.1 million |
| Market revenue in 2030 | USD 106.8 million |
| Growth rate | 0.6% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Wrapper Foils |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wrapper Foils, Container Foils, Foil Lids, Pouches, Blister Packs, Other Products |
| Key market players worldwide | Amcor, Eurofoil, Hindalco Industries Ltd GDR, Huawei Technologies, UACJ, Carcano Antonio SpA, Assan Alüminyum Sanayi ve Ticaret, Ess Dee Aluminium Limited, Laminazione Sottile, Shanghai Metal Corporation, Zhejiang Mingdao Aluminum Co. |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global aluminum foil market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil aluminum foil market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 535.8 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 27.99% in 2021. Horizon Databook has segmented the Argentina 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 economy of Argentina was negatively impacted by the COVID-19 pandemic in 2020. The GDP of the country declined by 9.9%, the largest retraction witnessed by Argentina since 2002. However, the efforts made by the government of the country toward economic growth have helped it in its recovery. The GDP growth of Argentina was 10.3% in 2021.
The construction sector of the country witnessed a growth rate of 27.1% in 2021, followed by hotels & restaurants, fishing, manufacturing, and commerce sectors that grew at rates of 23.5%, 16.5%, 15.8%, and 13.2%, respectively in the same year. The surging demand for aluminum foils used in these sectors, as well as in food & beverage packaging products and HVAC systems positively impacted the consumption of these foils in the country.
Increasing demand for electric vehicles in Argentina has led manufacturers to set up new electric vehicle battery manufacturing plants. For instance, in February 2022, Chery announced its plan to establish a new battery manufacturing plant for electric vehicles in the Santa Fe province of Argentina.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into Argentina aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina aluminum foil market size, by product, 2017-2030 (US$M)
Argentina Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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