What is the global market size of Aluminum Foil Market?

Global Aluminum Foil Market size was valued at USD 25.79 Billion in 2022 and is poised to grow from USD 27.21 Billion in 2023 to USD 41.76 Billion by 2031, at a CAGR of 5.5% during the forecast period (2024-2031).

Aluminum Foil Companies

Aluminum Foil Market Competitive Landscape

Aluminum Foil Market Top Player’s Company Profiles

Amcor Limited

Hindalco Industries Ltd.

Reynolds Consumer Products LLC

Novelis Inc.

Hulamin Ltd.

Ess Dee Aluminium Ltd.

Alcoa Corporation

Eurofoil

China Hongqiao Group Limited

Gränges AB

Norsk Hydro ASA

Constellium SE

Ball Corporation

UACJ Corporation

Lotte Aluminium Co., Ltd.

Novelis (Aditya Birla Group)

Fujian Longking Co., Ltd.

Symetal S.A.

JW Aluminum

Handi-Foil Corporation

Aluminum Foil Market

FAQs

Aluminum Foil Market size was valued at USD 27.21 Billion in 2022 and is poised to grow from USD 31.02 Billion in 2023 to USD 41.76 Billion by 2031, at a CAGR of 5.5% during the forecast period (2024-2031).

The industry is highly competitive & diversified in nature with the presence of multiple companies worldwide. Paper, glass, & plastic are just a few of the alternate packaging materials that businesses must contend with. To remain competitive in the market, they must therefore engage with customers constantly. Companies are investing in enlarging their manufacturing facilities in response to rising product demand. 'Amcor Limited', 'Hindalco Industries Ltd.', 'Reynolds Consumer Products LLC', 'Novelis Inc.', 'Hulamin Ltd.', 'Ess Dee Aluminium Ltd.', 'Alcoa Corporation', 'Eurofoil', 'China Hongqiao Group Limited', 'Gränges AB', 'Norsk Hydro ASA', 'Constellium SE', 'Ball Corporation', 'UACJ Corporation', 'Lotte Aluminium Co., Ltd.', 'Novelis (Aditya Birla Group)', 'Fujian Longking Co., Ltd.', 'Symetal S.A.', 'JW Aluminum', 'Handi-Foil Corporation'

Aluminum foil is widely used in packaging applications due to its excellent barrier properties, resistance to moisture, light, and gasses. The growing demand for packaged food and beverages, pharmaceuticals, and personal care products is driving the demand for aluminum foil.

Growing Demand in the Packaging Industry: Aluminum foil is extensively used in the packaging industry for various products such as food, beverages, cosmetics, and pharmaceuticals. The increasing demand for convenient and sustainable packaging solutions has propelled the growth of the aluminum foil market.

Asia Pacific accounted for more than 53.0% of global revenue in 2022. Over the forecast period, it is anticipated that rising packaging demand will fuel product demand. For instance, the board of SRF Ltd in India authorized INR 425 crore (roughly USD 5.60 billion) in January 2022 to build an aluminum foil production facility in Jaitapur, Indore. The plant will supply the food & beverage industries with packaging for both home and foreign markets.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Aluminum Foil Market Size, Share, Growth Analysis, By Product(Wrapper Foils, Containers Foils, Foil Lids, Pouches), By End-use(Packaging and Industrial), By Region - Industry Forecast 2024-2031

Aluminum Foil Market Competitive Landscape

Aluminum Foil Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Aluminum Foil Market Size, Share, Growth Analysis, By Product(Wrapper Foils, Containers Foils, Foil Lids, Pouches), By End-use(Packaging and Industrial), By Region - Industry Forecast 2024-2031

Aluminum Foil Market Competitive Landscape

Aluminum Foil Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Aluminum Foil Market?

Who are the key vendors in the Aluminum Foil Market?

What is the key driver of Aluminum Foil Market?

What is the key market trend for Aluminum Foil Market?

Which region accounted for the largest share in Aluminum Foil Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300