Italy Aluminum Foil Market Size & Outlook, 2021-2030
Italy aluminum foil market, 2017-2030 (US$M)
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Italy aluminum foil market highlights
- The Italy aluminum foil market generated a revenue of USD 685.1 million in 2021 and is expected to reach USD 1,065.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 5% 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 685.1 million |
| Market revenue in 2030 | USD 1,065.4 million |
| Growth rate | 5% (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, Italy accounted for 2.8% 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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Italy 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 28.07% in 2021. Horizon Databook has segmented the Italy 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 revenue, Italy held a share of 11.6% of the aluminum foil market in Europe in 2021. The market is expected to register a CAGR of 5.0% over the forecast period. Positive government policies with respect to electric vehicles are expected to drive the aluminum foil market over the forecast period.
For instance, in April 2022, the Italian Prime Minister passed a decree to allocate EUR 650 million (USD 709 million) per year from 2022 to 2024 as an incentive to buy electric vehicles or low-emission cars. In February 2022, the Italian government announced support for the Stellantis battery plant by providing USD 420 million in aid to help the company set up a gigafactory in Termoli.
The construction of the plant is expected to begin by 2024 and the facility is expected to commence operations by 2026. Thus, increasing incentives and positive government policies are expected to propel the demand for aluminum foil in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into Italy aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Italy aluminum foil market size, by product, 2017-2030 (US$M)
Italy Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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