UK Aluminum Foil Market Size & Outlook, 2021-2030
UK aluminum foil market, 2017-2030 (US$M)
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UK aluminum foil market highlights
- The UK aluminum foil market generated a revenue of USD 479.5 million in 2021 and is expected to reach USD 696.5 million by 2030.
- The UK market is expected to grow at a CAGR of 4.2% from 2022 to 2030.
- In terms of segment, other products was the largest revenue generating product in 2021.
- Container Foils 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 479.5 million |
| Market revenue in 2030 | USD 696.5 million |
| Growth rate | 4.2% (CAGR from 2021 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Container Foils |
| 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, UK accounted for 2.0% 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 |
|---|
UK 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 30.7% in 2021. Horizon Databook has segmented the UK 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 this, key players in the automobile industry are either converting their Internal Combustion Engine (ICE) manufacturing plants to EVs or investing in building new facilities for the manufacturing of EVs.
For instance, in October 2021, Ford Motor Company announced it to spend GBP 230 million (~USD 315 million) to transform its factory in northwest England into a facility for producing components for EVs. The production from this site is expected to begin by 2024 and the site is expected to produce 250,000 units per year.
The penetration of EVs is likely to propel investments in battery manufacturing. For instance, in May 2022, Britishvolt Limited announced to investment of GBP 200 million (USD 244 million) for the construction of a new electric vehicle battery gigafactory in Cambois.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into UK aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK aluminum foil market size, by product, 2017-2030 (US$M)
UK Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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