Canada Aluminum Foil Market Size & Outlook, 2021-2030
Canada aluminum foil market, 2017-2030 (US$M)
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Canada aluminum foil market highlights
- The Canada aluminum foil market generated a revenue of USD 484.7 million in 2021 and is expected to reach USD 560.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 1.6% from 2022 to 2030.
- In terms of segment, other products was the largest revenue generating product in 2021.
- Blister Packs 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 484.7 million |
| Market revenue in 2030 | USD 560.1 million |
| Growth rate | 1.6% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Blister Packs |
| 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, Canada accounted for 2.0% 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 North America, U.S. aluminum foil market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,076.6 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 33.26% in 2021. Horizon Databook has segmented the Canada 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 increasing investment in EV production and positive government policy on electric vehicles are expected to propel the consumption of aluminum foils in the country over the forecast period. The Canadian government is focusing on new light-duty vehicle sales to be electric to 100% by 2035. Due to this, the government has introduced various incentives and initiatives to increase the penetration of electric vehicles in the country.
For instance, Zero-Emission Vehicles (iZEV) Program provides incentives to consumers and encourages the purchase of EVs. Owing to this, electric vehicle battery manufacturers are setting up new plants in the country to meet the upcoming demand.
For instance, in March 2022, Stellantis NV and LG Energy Solution announced that they are going to invest CAD 4.1 billion (USD 3.21 billion) in a joint venture for the construction of an electric vehicle battery manufacturing plant in the country.
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Our clientele includes a mix of aluminum foil market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into Canada aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada aluminum foil market size, by product, 2017-2030 (US$M)
Canada Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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