Germany Aluminum Foil Market Size & Outlook, 2021-2030
Germany aluminum foil market, 2017-2030 (US$M)
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Germany aluminum foil market highlights
- The Germany aluminum foil market generated a revenue of USD 1,292.4 million in 2021 and is expected to reach USD 2,252.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.4% 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 1,292.4 million |
| Market revenue in 2030 | USD 2,252.9 million |
| Growth rate | 6.4% (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, Germany accounted for 5.3% 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 Europe, Germany aluminum foil market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,252.9 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 31.63% in 2021. Horizon Databook has segmented the Germany 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.
In terms of volume, Germany held the largest share of 22.8% of the aluminum foil market in Europe in 2021, and the market is anticipated to grow at a CAGR of 6.4%, in terms of revenue, between 2022 and 2030. Increasing demand for sustainable packaging and the shifting focus of automobile manufacturers toward electric vehicles is driving the aluminum foil market in Germany.
For instance, in March 2022, Volkswagen announced that it is planning to invest EUR 2 billion (USD 2.05 billion) in the construction of an electric vehicle manufacturing facility in Wolfsburg. The construction is expected to begin by early 2023 and the production is likely to start by 2026.
Similarly, Ford Motor Company announced to invest USD 1 billion in the construction of a new manufacturing facility for electric vehicles in Cologne. In addition, electric vehicle penetration has increased the demand for batteries, which has encouraged manufacturers to invest in setting up new electric battery plants.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into Germany aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany aluminum foil market size, by product, 2017-2030 (US$M)
Germany Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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