South Korea Aluminum Foil Market Size & Outlook, 2021-2030
South Korea aluminum foil market, 2017-2030 (US$M)
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South Korea aluminum foil market highlights
- The South Korea aluminum foil market generated a revenue of USD 161.5 million in 2021 and is expected to reach USD 220.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.5% from 2022 to 2030.
- In terms of segment, other products was the largest revenue generating product in 2021.
- Other Products 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 161.5 million |
| Market revenue in 2030 | USD 220.3 million |
| Growth rate | 3.5% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Other Products |
| 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, South Korea accounted for 0.7% 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 Asia Pacific, China aluminum foil market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,142.4 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 62.79% in 2021. Horizon Databook has segmented the South Korea 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.
South Korea accounted for a revenue share of 1.2% in the Asia Pacific aluminum foil market in 2021 and is likely to witness a CAGR of 5.4% over the forecast period. In the packaging end-use segment, the pharmaceutical segment is expected to register a growth rate of 7.5%, and the industrial end-use segment of electric batteries is anticipated to register a growth of 5.4% from 2022 to 2030.
Increasing investment in electric vehicle manufacturing by private players is anticipated to boost the consumption of electric batteries, which in turn, is expected to propel the demand for aluminum foil. For instance, in July 2022, Hyundai Motor Company announced an investment of USD 49.8 billion to build a dedicated electric vehicle plant in Seoul. The plant is expected to start its production by 2025.
In July 2021, South Korea announced a stimulus package dubbed as Korean New Deal 2.0. In this plan, the government is expected to invest USD 191 billion in digital technology and green energy projects.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into South Korea aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea aluminum foil market size, by product, 2017-2030 (US$M)
South Korea Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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