The global aluminum foil market size is expected to be worth around US$ 40.8 billion by 2030, according to a new report by Vision Research Reports.
The global aluminum foil market size was valued at US$ 25.9 billion in 2020 and is anticipated to grow at a CAGR of 7.0% during forecast period 2021 to 2030.
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Aluminum Foil Market (By End-use: Packaging, Industrial; By Application: Wrapper Foils, Container Foils, Foil Lids, Pouches, Blister Packs, Collapsible Tubes) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | US$ 40.8 Bn by 2030 |
| Growth Rate | CAGR of 7.0% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | End-use, application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Hindalco Industries Limited;Amcor Plc;Zhejiang Junma Aluminum Industry;Huawei Aluminium;Eurofoil;ACM Carcano;Assan Aluminyum;Ess Dee Aluminium; Xiamen Xiashun Aluminium Foil Co., Ltd. |
Growth Factors
Demand from the food industry for packaging applications is likely to benefit the market growth over the coming years. Steady growth in food commodities, a large volume of agricultural production, and incessant food demand fueled by increasing incomes are some of the factors that are projected to push the growthofthe food packaging sector globally. Aluminum foil has witnessed an increase in usage in the food and beverage packaging industry owing to various benefits such as flexibility, lightweight, hygiene, non-toxicity, recyclability, and the ability to keep the aroma of the foods intact.
By End-use Analysis
The packaging segment dominated the market with a revenue share of over 65.05% in 2020.Packaging products made of aluminum foil such as blisters, caps, bags, and closures are used in the cosmetics industry. The growing cosmetics industry is expected to make an appropriate contribution to the market growth in the forecast period.
Aluminum alloys find application as sealing materials in the lithium-ion battery (LiB). It is used for both capacitors and electrodes of LiB owing to its various characteristics such as low lithiation voltage, abundance, and high theoretical capacity.
By Application Analysis
The others segment dominated the market and held a revenue share of over 25.05% in 2020. The wrapper foils segment accounted for the second-largest revenue share in 2020. These foil products are widely used in packaging and household foil wrapping applications.
The growing demand for wrapper, container, and pouch aluminum foils in the food and pharma sector, along with the enhanced shelf life and greater flexibility for stored products, is projected to propel the market growth.
By Regional Analysis
Asia Pacific dominated the market with a revenue share of over 50.05% in 2020. With the growing population, packaging demand in Asian countries is likely to rise over the forecast period.
The North American electronics industry is expected to offer various opportunities for the development of aluminum foil for insulation purposes in brown goods (VCRs and home theatres) and white goods (food processors, toasters, kettles, and hair dryers).
Key Players
- Hindalco Industries Limited
- Amcor Plc
- Zhejiang Junma Aluminum Industry
- Huawei Aluminium
- Eurofoil
- ACM Carcano
- Assan Aluminyum
- Ess Dee Aluminium
- Xiamen Xiashun Aluminium Foil Co., Ltd.
Market Segmentation
- By End-use
- Packaging
- Food & Beverage
- Tobacco
- Pharmaceutical
- Cosmetics
- Industrial
- Packaging
- By Application
- Wrapper Foils
- Container Foils
- Foil Lids
- Pouches
- Blister Packs
- Collapsible Tubes
- Others
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- U.K.
- Russia
- Turkey
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- North America
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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