Japan Aluminum Foil Market Size & Outlook, 2021-2030
Japan aluminum foil market, 2017-2030 (US$M)
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Japan aluminum foil market highlights
- The Japan aluminum foil market generated a revenue of USD 1,037.1 million in 2021 and is expected to reach USD 1,515.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.3% from 2022 to 2030.
- In terms of segment, other products was the largest revenue generating product in 2021.
- Other Products 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 1,037.1 million |
| Market revenue in 2030 | USD 1,515.4 million |
| Growth rate | 4.3% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Other Products |
| 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, Japan accounted for 4.2% 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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Japan 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 71.78% in 2021. Horizon Databook has segmented the Japan 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.
Japan aluminum foil market is majorly driven by transportation, packaging, and the technologically advanced industrial sectors. The country is home to several major automotive players. Automotive players are assessing the environmental impact of automotive processes and taking initiatives to shift toward electric vehicle production. This is expected to drive the aluminum foil market in the country over the forecast period.
For instance, in May 2022, SUBARU CORPORATION announced to invest USD 2.05 billion dedicatedly for constructing the electric vehicle manufacturing plant in the country. This plant is expected to start production by 2027. This type of investment is expected to propel the consumption of aluminum foil in the country over the forecast period.
To reduce the dependence on other countries for electric batteries, the government of Japan is coming up with lucrative incentives and policies. In November 2021, the government announced to spend YEN 100 billion (USD 0.7 billion) on subsidies to support the construction of plants for advanced batteries for electric vehicles. This is expected to boost the demand for battery foil over the forecast period.
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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 Japan aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into Japan aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan aluminum foil market size, by product, 2017-2030 (US$M)
Japan Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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