Indonesia Aluminum Foil Market Size & Outlook, 2021-2030
Indonesia aluminum foil market, 2017-2030 (US$M)
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Indonesia aluminum foil market highlights
- The Indonesia aluminum foil market generated a revenue of USD 178.6 million in 2021 and is expected to reach USD 285.7 million by 2030.
- The Indonesia market is expected to grow at a CAGR of 5.4% 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 178.6 million |
| Market revenue in 2030 | USD 285.7 million |
| Growth rate | 5.4% (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, Indonesia accounted for 0.7% 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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Indonesia 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 35.72% in 2021. Horizon Databook has segmented the Indonesia 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 can be attributed to growing investments by the government and private players in various industries such as electric vehicles, food & beverages, construction, and HVAC, which is expected to augment the demand for aluminum foils in the country.
Indonesia is one of the emerging countries in Southeast Asia. It is attracting EV manufacturers to build plants and commence production in the coming years. For instance, in March 2022, the Hyundai Motor Company completed the construction of a new electric vehicle manufacturing plant in Jakarta.
The plant has an annual production capacity of 150,000 units per year. Hyundai is also planning to invest another USD 1.55 billion to increase the capacity of its plant to 250,000 units. In addition, Hyundai Motor Company is working with LG Energy Solutions to construct a battery manufacturing unit in Karawang.
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Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia aluminum foil market size, by product, 2017-2030 (US$M)
Indonesia Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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