Middle East & Africa Aluminum Foil Market Size & Outlook
Middle East & Africa aluminum foil market, 2017-2030 (US$M)
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MEA aluminum foil market highlights
- The MEA aluminum foil market generated a revenue of USD 1,240.1 million in 2021.
- The market is expected to grow at a CAGR of 3.1% 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, Saudi Arabia is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 1,240.1 million |
| Market revenue in 2030 | USD 1,631.5 million |
| Growth rate | 3.1% (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, MEA region accounted for 5.1% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 30.74% in 2021. Horizon Databook has segmented the Middle East & Africa 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 of the market in the Middle East & Africa can be attributed to increasing investments by government and private players in various industries such as tourism, construction, automotive, and food & beverages in the region which is expected to raise the consumption of aluminum foils during the forecast period. Surging demand for electric vehicles has attracted FDIs in the region.
For instance, in May 2022, Stellantis announced the establishment of an electric vehicle manufacturing plant in Egypt. The project is expected to be executed by 2025 for developing the green mobility sector. The electric vehicle manufacturing facility is anticipated to be developed at a cost of approximately USD 35.00 million.
It will develop a new range of electric vehicles and export them to other African countries such as Morocco, Algeria, and South Africa. With the increasing penetration of electric vehicles in the Middle East & Africa, countries in the region are making efforts to establish their new electric vehicle battery manufacturing plants.
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Target buyers of Middle East & Africa aluminum foil market databook
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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 Middle East & Africa aluminum foil market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA aluminum foil market size, by country, 2017-2030 (US$M)
Middle East & Africa Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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