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.
|Market Size||US$ 40.8 Bn by 2030|
|Growth Rate||CAGR of 7.0% From 2021 to 2030|
|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.|
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).
Hindalco Industries Limited
Zhejiang Junma Aluminum Industry
Ess Dee Aluminium
Xiamen Xiashun Aluminium Foil Co., Ltd.
Food & Beverage
Central & South America
Middle East & Africa (MEA)
The Aluminum Foil market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Aluminum Foil market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Aluminum Foil market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Aluminum Foil market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Aluminum Foil market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Aluminum Foil capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Aluminum Foil by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Aluminum Foil market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Aluminum Foil market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Aluminum Foil market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Aluminum Foil industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Aluminum Foil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Aluminum Foil market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Aluminum Foil market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Aluminum Foil market. These factors have benefited the growth of the global market for Aluminum Foil. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Aluminum Foil. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Aluminum Foil are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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