Saudi Arabia Aluminum Foil Market Size & Outlook
Saudi Arabia aluminum foil market, 2017-2030 (US$M)
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Saudi Arabia aluminum foil market highlights
- The Saudi Arabia aluminum foil market generated a revenue of USD 219.2 million in 2021 and is expected to reach USD 361.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.7% 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 219.2 million |
| Market revenue in 2030 | USD 361.1 million |
| Growth rate | 5.7% (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, Saudi Arabia accounted for 0.9% 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 Middle East & Africa, Saudi Arabia aluminum foil market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 361.1 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 30.47% in 2021. Horizon Databook has segmented the Saudi Arabia 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 this country can be attributed to increasing investments in the tourism, construction, electric vehicle, and HVAC industries that are anticipated to fuel the demand for aluminum foils in Saudi Arabia over the forecast period.
For instance, in August 2021, the National Housing Company (NHC) of Saudi Arabia announced two new development projects in Jeddah and Riyadh under the affordable housing program of the country that is in line with its Vision 2030.
NHC is expected to construct over 1,000 villas and townhouses in the suburbs of Al-Jawan, Riyadh and 819 villas and townhouses in the suburbs of Khayala, Jeddah by 2025. This is expected to contribute to the demand for HVAC systems, thereby fueling the consumption of aluminum foils in Saudi Arabia 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 Saudi Arabia aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia aluminum foil market size, by product, 2017-2030 (US$M)
Saudi Arabia Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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