Turkey Aluminum Foil Market Size & Outlook, 2021-2030
Turkey aluminum foil market, 2017-2030 (US$M)
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Turkey aluminum foil market highlights
- The Turkey aluminum foil market generated a revenue of USD 364.2 million in 2021 and is expected to reach USD 559.3 million by 2030.
- The Turkey market is expected to grow at a CAGR of 4.9% 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 364.2 million |
| Market revenue in 2030 | USD 559.3 million |
| Growth rate | 4.9% (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, Turkey accounted for 1.5% 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 Europe, Germany aluminum foil market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,252.9 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Turkey 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 32.84% in 2021. Horizon Databook has segmented the Turkey 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.
Owing to the rising temperature due to climate change, the demand for air conditioners has resulted in key market players setting up new manufacturing plants. For instance, in May 2022, Mitsubishi Electric Corporation announced an investment of GBP 89.6 million (USD 109.3 million) to set up a new production facility for air conditioning and heat systems.
Thus, increasing investment in HVAC systems is expected to augment the demand for aluminum foil over the forecast period. Increasing FDI in electric vehicle battery manufacturing is expected to positively influence the aluminum foil segment.
For instance, in March 2022, SK Innovation, a South Korean energy company, in partnership with Ford Motor Company, announced an investment of EUR 2 billion (USD 2.2 billion) for constructing an electric battery plant in Ankara. The production is expected to begin by 2025.
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Horizon Databook provides a detailed overview of country-level data and insights on the Turkey aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into Turkey aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey aluminum foil market size, by product, 2017-2030 (US$M)
Turkey Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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