North America Aluminum Foil Market Size & Outlook
North America aluminum foil market, 2017-2030 (US$M)
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North America aluminum foil market highlights
- The North America aluminum foil market generated a revenue of USD 3,368.6 million in 2021.
- The market is expected to grow at a CAGR of 5.4% 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, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 3,368.6 million |
| Market revenue in 2030 | USD 5,389.6 million |
| Growth rate | 5.4% (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, North America region accounted for 13.7% 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 |
|---|
North 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 33.85% in 2021. Horizon Databook has segmented the North 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 growth is attributed to the increasing demand for aluminum foil in various industries such as HVAC, food & beverage, pharmaceutical, and EV batteries. The penetration of EVs is the key market driver in the region. Rising investments in EVs and battery production in the region are anticipated to positively influence the demand for aluminum foil.
For instance, in October 2021, StromVolt announced that it is planning to invest CAD 300 million (USD 234 million) to set up a new electric vehicle plant in Quebec, Canada. Increasing temperatures due to climate change have increased the investment in HVAC systems.
For instance, in May 2022, Johnson Controls announced to invest USD 7.5 million for automation equipment in its commercial HVAC manufacturing plant in Norman, U.S. The new equipment is likely to increase the production capacity of the facility.
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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 North America aluminum foil market , including forecasts for subscribers. This continent databook contains high-level insights into North America aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America aluminum foil market size, by country, 2017-2030 (US$M)
North America Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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