Asia Pacific Aluminum Foil Market Size & Outlook
Asia Pacific aluminum foil market, 2017-2030 (US$M)
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Asia Pacific aluminum foil market highlights
- The Asia Pacific aluminum foil market generated a revenue of USD 13,038.0 million in 2021.
- The market is expected to grow at a CAGR of 6.2% from 2022 to 2030.
- In terms of segment, other products was the largest revenue generating product in 2021.
- Container Foils is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 13,038.0 million |
| Market revenue in 2030 | USD 22,468.3 million |
| Growth rate | 6.2% (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 |
| 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, Asia Pacific region accounted for 53.1% of the global aluminum foil market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 22,468.3 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 42.89% in 2021. Horizon Databook has segmented the Asia Pacific 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.
Growing income levels and improving economic conditions have been attributed to the growth of the aluminum foil market. In addition, the expanding electric vehicle demand in the region is anticipated to significantly impact market development. Increasing demand for pharmaceutical products has raised the demand for pharmaceutical packaging.
For instance, in December 2021, Amcor plc announced the opening of a green field packaging facility in Tuas, Singapore. According to the company, the healthcare packaging market is expected to grow by 8% by 2026.
Also, the increasing penetration of electric vehicles is anticipated to drive the consumption of electric batteries. For instance, in December 2021, VinFast announced an investment of USD 173.7 million to build an electric manufacturing plant in Hai Phong, Vietnam.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific aluminum foil market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aluminum foil market size, by country, 2017-2030 (US$M)
Asia Pacific Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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