Latin America Aluminum Foil Market Size & Outlook
Latin America aluminum foil market, 2017-2030 (US$M)
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Latin America aluminum foil market highlights
- The Latin America aluminum foil market generated a revenue of USD 1,007.4 million in 2021.
- The market is expected to grow at a CAGR of 3% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 1,007.4 million |
| Market revenue in 2030 | USD 1,316.2 million |
| Growth rate | 3% (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, Latin America region accounted for 4.1% 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 |
|---|
Latin America 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 32.12% in 2021. Horizon Databook has segmented the Latin America 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 GDP of Central & South America contracted by approximately 8% in 2020, while it grew at a rate of 6.2% in 2021. The negative GDP of the region in 2020 can mainly be attributed to the low baseline established owing to the impact of the COVID-19 pandemic.
Governments of different countries in Central & South America are trying to stimulate their economies to recover from the impact of the pandemic by providing relief packages to consumers and businesses. For instance, in April 2022, the Peru City Council approved an amount of USD 600 thousand to help in the development of a new USD 20.00 million housing project in Peru.
The project is planned to include 174 housing units, which are distributed into traditional apartments, patio apartments, and duplexes, with approximately 50,000-square-foot senior housing. These types of initiatives are expected to fuel the demand for HVAC systems in Central & South America.
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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 continent-level data and insights on the Latin America aluminum foil market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aluminum foil market size, by country, 2017-2030 (US$M)
Latin America Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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