U.S. Aluminum Foil Market Size & Outlook, 2021-2030
U.S. aluminum foil market, 2017-2030 (US$M)
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U.S. aluminum foil market highlights
- The U.S. aluminum foil market generated a revenue of USD 2,408.2 million in 2021 and is expected to reach USD 4,076.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6% 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 2,408.2 million |
| Market revenue in 2030 | USD 4,076.6 million |
| Growth rate | 6% (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, U.S. accounted for 9.8% 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 North America, U.S. aluminum foil market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,076.6 million by 2030.
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Aluminum Foil Market Scope
Aluminum Foil Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 34.82% in 2021. Horizon Databook has segmented the U.S. 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 U.S. holds the largest share of the North American aluminum foil market on account of the widespread presence of numerous manufacturers and end users in the country, increasing demand for packaging from pharmaceutical and food & beverage industries, and rising penetration of electric vehicles (EVs).
In August 2021, the U.S. president passed an executive order aimed at making all new vehicles 50% electric by 2030. Owing to this, many automobile manufacturers are shifting focus toward electric vehicle production. For instance, in October 2021, Bentley Motors announced that all its cars produced are likely to be plug-in hybrids by 2026 and electric by 2030.
In 2022, the country is focusing on becoming less reliant on other nations for sourcing EV components and batteries. Due to this, in May 2022, the U.S. government announced a USD 3.1 billion fund to support the domestic manufacturing of electric vehicle batteries and components.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. aluminum foil market , including forecasts for subscribers. This country databook contains high-level insights into U.S. aluminum foil market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. aluminum foil market size, by product, 2017-2030 (US$M)
U.S. Aluminum Foil Market Outlook Share, 2021 & 2030 (US$M)
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