Europe Aluminum Foil Market Size & Outlook, 2021-2030
Europe aluminum foil market, 2017-2030 (US$M)
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Europe aluminum foil market highlights
- The Europe aluminum foil market generated a revenue of USD 5,887.4 million in 2021.
- The market is expected to grow at a CAGR of 4.5% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 5,887.4 million |
| Market revenue in 2030 | USD 8,783.7 million |
| Growth rate | 4.5% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Blister Packs |
| 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, Europe region accounted for 24.0% 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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Europe 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 30.13% in 2021. Horizon Databook has segmented the Europe 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 growth in the region is driven by rising investments in various industries such as food & beverages, pharmaceuticals, electric vehicles, and HVAC. European Union (EU) has set an ambitious target to become climate-neutral by 2050.
In May 2022, The EU announced EUR 20 billion (USD 20.4 billion) to boost the sale of clean vehicles and to set up 1 million hydrogen and electric vehicle charging stations by 2025. Also, increasing demand for electric vehicles has pushed private players to invest in electric vehicle manufacturing.
For instance, in July 2022, Volvo announced an investment of EUR 1.20 billion (USD 1.22 billion) to set up a new manufacturing plant in Slovakia. Production from the plant is expected to begin by 2026. The rising penetration of electric vehicles is creating new investment opportunities for electric battery manufacturers.
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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 Europe aluminum foil market , including forecasts for subscribers. This continent databook contains high-level insights into Europe aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe aluminum foil market size, by country, 2017-2030 (US$M)
Europe Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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