China Aluminum Foil Market Size & Outlook, 2021-2030
China aluminum foil market, 2017-2030 (US$M)
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China aluminum foil market highlights
- The China aluminum foil market generated a revenue of USD 8,735.9 million in 2021 and is expected to reach USD 14,632.8 million by 2030.
- The China market is expected to grow at a CAGR of 5.9% 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.
Aluminum foil market data book summary
| Market revenue in 2021 | USD 8,735.9 million |
| Market revenue in 2030 | USD 14,632.8 million |
| Growth rate | 5.9% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Container 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, China accounted for 35.6% 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 Asia Pacific, China aluminum foil market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,142.4 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 40.74% in 2021. Horizon Databook has segmented the China 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 China expanded by 8.1% in 2021. According to the World Bank, the growth is projected to slow down to 5% in 2022. This is attributed to multiple factors such as a decline in domestic demand, the COVID-19 incursions, a decline in the construction industry, and the global economic slowdown, which worsened significantly with the Russia-Ukraine conflict.
However, increasing investment in electric vehicles is expected to positively impact the aluminum foil market in the coming years. For instance, in June 2022, GAC Honda announced that it has started the construction of another electric car plant in China. The plant is expected to have an annual manufacturing capacity of 120,000 electric cars and is anticipated to commence operations by 2024.
To meet the significant demand for electric vehicle batteries, key automobile manufacturers are making investments to set up new plants. For instance, in September 2021, Volkswagen AG announced to invest USD 164 million to set up a new electric battery manufacturing plant in Hefei.
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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 China aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into China aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China aluminum foil market size, by product, 2017-2030 (US$M)
China Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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