Mexico Aluminum Foil Market Size & Outlook, 2021-2030
Mexico aluminum foil market, 2017-2030 (US$M)
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Mexico aluminum foil market highlights
- The Mexico aluminum foil market generated a revenue of USD 475.7 million in 2021 and is expected to reach USD 752.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 5.2% 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.
Aluminum foil market data book summary
| Market revenue in 2021 | USD 475.7 million |
| Market revenue in 2030 | USD 752.9 million |
| Growth rate | 5.2% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Blister Packs |
| 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, Mexico accounted for 1.9% 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 North America, U.S. aluminum foil market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,076.6 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 29.51% in 2021. Horizon Databook has segmented the Mexico 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.
As of July 2022, the Mexican economy is recovering from the recession caused by the pandemic. Manufacturing and exports reached their pre-pandemic levels in November 2021. Increasing private investment in electric vehicles, food & beverage, and pharmaceutical industries is anticipated to propel the demand for aluminum foil in the country over the forecast period.
Owing to the increasing competition in the EV market, companies are converting their existing internal combustion engine plants to produce electric vehicles, and this is expected to increase the consumption of aluminum foil in the coming years.
For instance, in April 2022, General Motors announced to convert its Ramos Arizpe plant for the production of EVs. In 2021, the company announced an investment of USD 1 billion for the expansion of this plant. The expansion includes the commencement of the assembly of battery packs and electric motors by 2023.
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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 Mexico aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into Mexico aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico aluminum foil market size, by product, 2017-2030 (US$M)
Mexico Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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